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Plunging Oil, Gold Imports Trim India's Trade Deficit
India's trade deficit narrowed for the fourth straight month in April to $4.84 billion, as plunging imports offset a fall in exports, data showed on Friday.
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Gold Gains for Third Session on Greek Debt Worries
Gold jewellery and bars are popular for holiday gift-giving, and trading on the exchange is an indicator of demand. Buying has been robust ahead of the holiday, though some traders said sales were still lower compared with last year.
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Buy Wipro, Sell HDFC Today: Sanjeev Bhasin
Weakness in oil, which is trading near 16-month low and gold bode well for short-term exchange traded flows (ETF), which will keep indices steady.
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Gold slips ahead of US jobs data; on track for third weekly loss
Gold premiums in India are expected to fall from current levels of about $30 an ounce after the central bank indicated it is considering removing some of the curbs to trade that have crippled imports.
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Analysts see export growth sustaining, relief on current account deficit front
Continued pick up in trade numbers and decline in imports show that the country's external deficit is finally turning around and the fall in oil and gold prices will improve the outlook for the country's strained current account deficit, analysts have said.
-
Plunging Oil, Gold Imports Trim India's Trade Deficit
India's trade deficit narrowed for the fourth straight month in April to $4.84 billion, as plunging imports offset a fall in exports, data showed on Friday.
-
Gold Gains for Third Session on Greek Debt Worries
Gold jewellery and bars are popular for holiday gift-giving, and trading on the exchange is an indicator of demand. Buying has been robust ahead of the holiday, though some traders said sales were still lower compared with last year.
-
Buy Wipro, Sell HDFC Today: Sanjeev Bhasin
Weakness in oil, which is trading near 16-month low and gold bode well for short-term exchange traded flows (ETF), which will keep indices steady.
-
Gold slips ahead of US jobs data; on track for third weekly loss
Gold premiums in India are expected to fall from current levels of about $30 an ounce after the central bank indicated it is considering removing some of the curbs to trade that have crippled imports.
-
Analysts see export growth sustaining, relief on current account deficit front
Continued pick up in trade numbers and decline in imports show that the country's external deficit is finally turning around and the fall in oil and gold prices will improve the outlook for the country's strained current account deficit, analysts have said.
