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Gold imports decline 40 pc in Apr-Nov
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SME Times News Bureau | 21 Dec, 2020
India's gold imports declined by 40 per cent to nearly $12.3 billion
during the April-November period as demand weakened amid the pandemic,
as per Commerce Ministry's data.
During the same period of the last financial year, gold imports stood at nearly $20.6 billion.
However,
imports of the yellow metal witnessed a 2.65 per cent growth last
month, at over $3 billion, compared to $2.94 billion in November 2019.
Silver
imports during April-November this fiscal plunged 65.68 per cent to
$751.92 million, from nearly $2.2 billion during the year ago period.
In November 2020, silver worth only $9.30 million was imported, compared to $90.39 million in November 2019.
This decline in gold and silver imports has led to the narrowing of India's trade deficit.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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