By Anant Vijay Kala
NEW DELHI--India's exports rose for the third-successive month in November, although the pace of increase slowed, government data showed Thursday.
Exports rose 2.3% from a year earlier to $20.01 billion in November, slowing from a 9.6% increase in October.
Imports rose a faster 10.4% to $33.02 billion in November, significantly widening last month's trade deficit to $13.01 billion from $10.16 billion in October.
The latest export numbers will raise hopes that international demand for Indian goods is turning around after nearly two years of decline.
However, the wider deficit could pressure the rupee at a time when global investors are pulling capital out of risky emerging markets as they are attracted by improving returns on U.S. assets.
Write to Anant Vijay Kala at firstname.lastname@example.org
(END) Dow Jones Newswires
December 15, 2016 07:59 ET (12:59 GMT)
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