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MoneyMatters
Saturday, December 16, 2017
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Rupee, Sensex slump as US Federal Reserve signals stimulus exit

Mumbai/New Delhi, June 20 -- The Indian rupee slumped nearly two percent to hit a new record low of 59.98 against a dollar and key indices of the stock markets crashed almost three percent Thursday, after the US Federal Reserve signalled an end to its monetary stimulus.

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06/20/13
HeadlinesIndiaUS/IntlDaily UpdateLivingMoneyMatters
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Rupee hits new low at 58.98 against dollar

Mumbai/New Delhi, June 11 -- The Indian rupee fell for the second straight day Tuesday, slumping to 58.98 against a dollar on continuing worries over current account deficit and increased demand for the US currency from importers.

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06/11/13
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South Asians rely on informal money transfers: Gallup

Nearly six in ten adults in the South Asian region and Indonesia sent or received a payment or remittance in 2012 with a majority doing so informally, according to a new Gallup study.

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05/29/13
HeadlinesIndian AmericanUS/IntlDaily UpdateLivingMoneyMatters
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Return of US dollar, end of gold run

Mark Twain once said that a gold miner is a liar standing next to a hole dug up in the ground. The time has come for financial market participants to stop looking at the world through the prism of a goldbug.

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05/16/13
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India receives $69 bn in remittances; tops global list

Washington -- India received $69 billion remittance in 2012, the highest in the world, followed by China with $60 billion and the Philippines $24 billion, World Bank data showed.

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04/22/13
HeadlinesIndian AmericanIndiaUS/IntlDaily UpdateLivingMoneyMatters
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India Economic Survey 2013: GDP growth pegged at 6.1-6.7%

New Delhi, Feb 27 -- Pushing for reforms and tangible action on removing bottlenecks to investment and job creation, India's Economic Survey for 2012-13 pegs the country's growth at 6.1-6.7 percent next fiscal, with inflation easing soon to 6.2-6.6 percent.

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02/27/13
HeadlinesIndiaDaily UpdateLivingMoneyMatters
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Indo-US Trade in merchandise goods crosses US $ 62 billion in 2012

Mumbai, February 15, 2013 – Trade and commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and the United States.

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02/15/13
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Better deal in offing for property buyers in India

By Vinod Behl

An order by anti-trust regulator Competition Commission of India (CCI) against realty major DLF, amending its agreement with apartment buyers of three different projects and making it more equitable and fair, may well pave the way for a model pact for property sales to ensure fair play in transactions.

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02/03/13
HeadlinesIndiaDaily UpdateLivingMoneyMatters
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India raises import duty on gold, platinum by 50 percent

New Delhi, Jan 21 -- The Indian government Monday hiked the import duty on gold and platinum to six percent from four percent with immediate effect, in a bid to control the ballooning current account deficit. It also decided to link the gold Exchange Traded Fund (ETF) with the gold deposit scheme offered by banks.

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01/21/13
HeadlinesIndiaDaily UpdateLivingMoneyMatters
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Import of gold, silver gets cheaper in India

New Delhi --  On January 1, The government announced reduction in tariff on import of gold and silver that may provide some relief to the buyers of the precious metals as prices remain volatile in the international markets.

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01/02/13
HeadlinesIndiaDaily UpdateLivingMoneyMatters
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