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Exports shrink for sixth month in a row, tumble 33.3% for Mar`09
Posted: 01 May 2009 11:38 AM PDT
New Delhi : India`s exports during March, 2008-09 were valued at USD 11.52
billion which was 33.3% lower than the level of USD 17.25 billion during March,
2008. The announcement shows a continuous contraction for the sixth consecutive
month under the impact of a global slowdown. In rupee terms, exports touched Rs
589.97 billion, which was [...]
Forex reserves increase by USD 631 million, at $ 253 billion
Posted: 01 May 2009 11:21 AM PDT
MUMBAI: India’s foreign exchange reserves rose by $631 million for the week
ended April 24 to $253.091 billion from $252.460 billion in the previous week.
The reserves had dropped by $517 million for the week ended April 17 to
$252.460 billion from $252.977 billion in the previous week.
Foreign currency assets (FCAs), during the week, [...]
FIIs may turn net sellers: Moody’s
Posted: 01 May 2009 11:14 AM PDT
MUMBAI: Swine flu scare could make foreign institutional investors pull out
money from Indian equity markets even though they remained net investors in
March and April this year, says Moody’s. "Asset prices are bound to retreat if
the outbreak (of swine flu) worsens and discourages investment…although a net
capital inflow into equities occurred in April, [...]
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