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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
There is too much focus on building, infrastructure, the number of teachers (as opposed to quality), number of laboratories and so on, says Vineet Gupta.
Investors remain cautious ahead of F&O expiry.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
With EU, it is part of the FTA that we will need to negotiate.
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