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Exports drop 17.5 pct in October, Inflation at (-)3.81%, Gold imports plunge 59.5 per cent to $1.70 bn, Sensex today, more

Mon November 16 2015, 7:21 pm
  • Contracting for the 11th month in a row, India's merchandise exports fell 17.53 per cent in October to USD 21.35 billion, mainly due to a steep fall in shipments of petroleum products, iron ore and engineering, amid a broader demand slowdown.

  • Deflationary pressure eased a bit with inflation rate moving up slightly to (-)3.81 per cent in October as pulses, vegetables and onion turning costlier.

  • The Wholesale Price Index-based inflation was (-)4.54 per cent in September. In October last year, it was 1.66 per cent.

  • Gold imports plunge 59.5 per cent to USD 1.70 billion in October.

  • The rupee today continued its upward march against the US dollar for the third day, firming up by another 10 paise to 66.00 on fag-end selling of the American currency by banks and exporters on the back of lower greenback in the overseas market.

  • Investors pumped in Rs 1.35 lakh crore into various mutual fund (MF) schemes in October, with 'liquid' segment contributing the most to the inflow.

  • Petrol prices across India after levy of taxes and excise duties.

  • Market today recovered from two-month lows as the benchmark BSE Sensex rose by 149.57 points to 25,760.10 on value-buying in recently beaten-down blue-chips as domestic investors shrugged off weak global cues.

  • Besides, the broad-based NSE Nifty reclaimed the 7,800- level to hit a high of 7,838.85 before settling at higher 7,806.60, 44.35 points or 0.57 per cent.

  • Riding on rebound in global market and fresh buying by jewellers at the domestic market, gold regained the Rs 26,000-mark by rising Rs 235 to Rs 26,150 per ten grams, snapping its two-day falling streak at the bullion market today. Silver also recovered by Rs 300 to Rs 34,600 per kg on pickup in demand from industrial units and coin makers.

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