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The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.
Imports during the first week of June also grew by about 77% to $16 billion.
India imposes restriction on sugar exports for first time in 6 years from June 1 - India is the world's biggest sugar producer and the second biggest exporter behind Brazil.
Among the wheat exporting countries, India ranked 19th in 2020, 35th in 2019, 36th and in 2018 and 2017.
With China gradually easing its lockdowns, the EU on the brink of announcing oil sanctions against Russia, and OPEC+ underproducing, bullish sentiment has taken over oil markets