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Gold premiums fall to 4-month low on higher supplies

Last Updated: Wednesday, June 18, 2014, 12:50

Gold premiums fell to 25-30 an ounce on London prices, a level last seen in February, from USD 60 charged earlier in June. Premiums hit a record of USD 160 an ounce in December last year.

FinMin watchful of CAD, rupee as global markets still volatile

Last Updated: Tuesday, May 27, 2014, 13:10

The Finance Ministry on Tuesday said it has to be watchful of the Current Account Deficit (CAD) as well as the rupee because global markets are still volatile.

India's CAD expected to come down to $32 billion: Chidambaram

Last Updated: Saturday, April 26, 2014, 13:36

Chidambaram said that fiscal deficit target of 4.6 percent as per revised estimate for FY14 has been achieved.

Gold, silver imports dip 40% to $33.46 billion in 2013-14

Last Updated: Friday, April 11, 2014, 14:39

In March, the imports of the precious metals were down by 17.27 percent to USD 27.58 billion from USD 33.33 billion in the same month previous year.

'India to miss exports target of $325 bn in current fiscal'

Last Updated: Wednesday, March 12, 2014, 18:33

Attributing the fall in February exports to decline in outbound shipments of gems & jewellery and petroleum, Director General of Foreign Trade Anup Pujari Wednesday said India will not be able to achieve the exports target of USD 325 billion in the current fiscal.

'Current account deficit to be less than $40 billion'

Last Updated: Friday, March 07, 2014, 18:34

The CAD narrowed to USD 26.9 billion in the first half (April-September) of 2013-14.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

Twin-deficits make India second most risky emerging market: KKR

Last Updated: Tuesday, January 14, 2014, 23:10

Global private equity major KKR has ranked India second among the emerging markets on external risks, citing the high fiscal and current account deficits.

Intensify reforms, cut subsidies for eco recovery: Rangarajan

Last Updated: Monday, January 06, 2014, 22:58

He said that if this growth rate was achieved "then India will also transit from being a low income to a middle income country".

India's current account vulnerability falls, but risks remain

Last Updated: Wednesday, December 04, 2013, 12:13

Measures to curb demand for imported gold have contributed to a sharp narrowing of India's current account deficit, global consultancy firm Capital Economics said.

Current account deficit narrows to $ 5.2 bn in Q2

Last Updated: Monday, December 02, 2013, 18:45

Decline in gold imports and turnaround in exports helped narrow India's current account gap sharply to USD 5.2 billion, or 1.2 percent of GDP, in the July-September quarter of this fiscal.