The external current account recorded a $142m deficit in July, bringing the Jan-July cumulative shortfall to $387m as the merchandise trade deficit widened to $6.5bn (imports up 26% to $14.6bn). Fuel imports rose ~60% YoY to $3.62bn; the rupee was 5.5% weaker YTD to end‑Aug and reserves were $6.6bn at end‑July.
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