Trade deficit narrows to USD12.2 bn in June - ICICI Bank : Treasury Research

- Exports contracted by 4.56% YoY in June as against 1.1% contraction in May

- Imports sector witnessed a degrowth of 0.4% YoY in June as against 7% YoY growth in May

- As a result, trade deficit narrows to USD 12.2 bn in June from USD 20.1 bn in the previous month

- Going forward, external sector performance is likely to remain challenged by subdued external environment on the one hand and sticky crude oil prices on the other

Source : Equity Bulls

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