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Gold import up on tariff cut, UAE pact
December 18, 2024
|The New Indian Express Jeypore
331% rise in import of yellow metal to $15 bn in Nov resulted in trade deficit, pressure on rupee
INDIANS' love for gold has often gone against the country's financial health -- with a large part of the demand for the precious metal being fulfilled through imports.
The 331% year-on-year increase in gold imports to $15 billion in November has not only resulted in a record trade deficit during the month, it has also put pressure on the rupee, which has been shy away from the 85-a-dollar level.
The unprecedented increase in gold imports has left many analysts clueless as they feel festive demand alone cannot explain the jump in gold imports.
هذه القصة من طبعة December 18, 2024 من The New Indian Express Jeypore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Jeypore
The New Indian Express Jeypore
India upgrades its technical mission in Kabul to embassy
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1 min
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The New Indian Express Jeypore
An archetypal Jaiswal's innings
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3 mins
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The New Indian Express Jeypore
Star para athlete Simran’s guide Saifi provisionally suspended by NADA
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1 mins
October 11, 2025
The New Indian Express Jeypore
Nobel laureates Abhijit Banerjee, Duflo to leave US
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1 min
October 11, 2025
The New Indian Express Jeypore
IS IT TIME TO TALK ABOUT FIVE-BOWLER STRATEGY?
India's dependence on part-timers could hurt them vs stronger sides
3 mins
October 11, 2025
The New Indian Express Jeypore
Grasim case: Asian Paints moves Supreme Court against CCI probe
ASIAN PAINTS, country's largest paint company, has approached the Supreme Court challenging the Bombay High Court decision that upheld the Competition Commission of India's (CCI) order to investigate the company for allegedly abusing its dominant position in the decorative paints market.
1 min
October 11, 2025
The New Indian Express Jeypore
Haryana SIT formed to probe cop’s death, DGP named as accused in FIR
THE Chandigarh Police on Friday constituted a six-member Special Investigation Team (SIT) to probe the FIR registered in connection with the 'suicide' of Haryana IPS officer Y Puran Kumar.
1 min
October 11, 2025
The New Indian Express Jeypore
Green nod to Sawalkot Hydropower project
Run-of-the-river project to use Chenab water
2 mins
October 11, 2025
The New Indian Express Jeypore
AVOID ENGAGING TEACHERS ON EXTENDED GOVT TASKS
THE Karnataka government's Socio Economic and Educational survey in progress across the state has deprioritised education.
1 mins
October 11, 2025
The New Indian Express Jeypore
Inclusion of infiltrators in rolls against Constitution, says Shah
IN a first government reaction over the special intensive revision (SIR) of electoral rolls conducted by the Election Commission of India (ECI) in pollbound Bihar, Union Home Minister Amit Shah on Friday said that the poll body is duty-bound to conduct such an exercise.
1 mins
October 11, 2025
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