The country's trade deficit for the month of October narrowed to $13.35 billion from $14.25 billion in September on lower oil imports. Trade deficit in October last year had stood at $10.5 billion. Imports for the month of October stood at $39.4 billion versus $43.2 billion (down 8.7% MoM), exports dipped to $26.09 billion versus $28.9 billion, (down 9.7% MoM). Oil imports stood at $12.36 billion versus $14.5 billion (MoM).
Ashok Leyland bagged two large integrated transport projects in Tanzania and Zimbabwe worth a total of $79.2 million.