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September core sector growth at 4.4%
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SME Times News Bureau | 29 Oct, 2021
Normalising base effect, as well as heavy rainfall, eased the growth
rate of India's eight major industries in September on a sequential
basis.
The Index of Eight Core Industries' (ICI) readings for
last month showed a slower rate of expansion at 4.4 per cent
(provisional) from a rise of 11.5 per cent (provisional).
However,
on a year-on-year basis, the ICI readings during the period under
review was higher than 0.6 per cent reported for September, 2020.
The
ICI index comprises 40.27 per cent of the weight of items included in
the Index of Industrial Production (IIP), and comprises coal, crude oil,
natural gas, refinery products, fertilisers, steel, cement, and
electricity.
"The combined Index of Eight Core Industries stood
at 126.7 in September 2021, which increased by 4.4 per cent
(provisional) as compared to the Index of September 2020," a Ministry of
Commerce and Industry statement said.
"The production of coal,
natural gas, refinery products, fertilisers, steel, cement and
electricity industries increased in September 2021 over the
corresponding period of last year."
As per the statement, the
final growth rate of the ICI for June 2021 has been revised to 9.4 per
cent from its provisional level 8.9 per cent. "The growth rate of ICI
during April-September 2021-22 was 16.6 per cent (P) as compared to the
corresponding period of last FY," it said.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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