India’s oil imports surge to $10.91 billion in September
Tue Oct 16 2018
Mark Cooper (1356 articles)

India’s oil imports surge to $10.91 billion in September

MUMBAI (Reuters) – India’s crude oil imports in September touched $ 10.91 billion, up 33.6 percent from a year ago, Indian government data showed on Monday.

Shipments of gold to India, the world’s second-biggest buyer of bullion, rose 51.5 percent last month, the data from India’s trade ministry showed.

India last week announced tariff hikes on several electronic items and communication devices, in a bid to rein in imports and bolster a weak rupee, but did not levy additional duties on gold to prevent increased smuggling of the precious metal.


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Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.

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