October trade deficit jumps to 10.56 billion dollar

India's trade deficit jumped in October after having fallen to a two-and-a-half-year low the previous month, as overseas purchases of gold picked up ahead of the festival season, provisional government data showed on Monday.

The deficit for the month stood at 10.56 billion dollar, compared with 6.7 billion dollar in September, the trade ministry said.

Merchandise exports rose 13.47 per cent year-on-year in October to $27.27 billion. Imports fell 14.5 per cent year-on-year to $37.83 billion.