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Growth rate of India's exports entered the negative zone after a gap of six months, declining 5.06 per cent in October due to a dip in shipments from major sectors such as engineering, pharma and gems and jewellery.
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Foreign Direct Investment on Construction Development.
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India's gold import surged almost four times to USD 4.17 billion in October from USD 1.09 billion in the same month a year ago. This pushed trade deficit to USD 13.35 billion from USD 10.59 billion in October last year.
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Extending their record-breaking run, the Sensex on Monday surged 131.22 points to end at new peak of 28,177.88 and the Nifty rose 40.85 points to fresh closing high of 8,430.75 on the back of positive cues on the trade deficit front and robust gains logged by SBI and Tata Motors.
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Extending their record-breaking run, the Sensex on Monday surged 131.22 points to end at new peak of 28,177.88 on the back of positive cues on the trade deficit front and robust gains logged by SBI and Tata Motors.
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Gold prices on Monday declined by Rs 90 to Rs 26,760 per ten grams in the national capital after the demand from jewellers and retailers eased at prevailing levels amid a weak trend overseas. Silver also fell by Rs 200 to Rs 36,500 per kg on reduced offtake by industrial units and coin makers.
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In lackluster trade, the Indian rupee on Monday closed almost flat at 61.73 against the Greenback on alternate bouts of demand and supply amid rise in dollar value overseas.
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