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Tuesday, November 04, 2008
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OPINION

ECONOMY: Prospect of an industrial recession
Expectations are that India would experience an industrial slowdown triggered by the effects of the financial turmoil on the real economy. The most up-to-date evidence on the growth of the manufacturing sector is the movement of the Index ...

FOREX: Dollar on escalator and rupee on ventilator – why?
“The government is concerned over the rapid appreciation of the rupee against the US dollar and the central bank may have to intervene if there is disorderly movement in the exchange rate.” This was the Finance Minister, ...

NON-CONVENTIONAL ENERGY: Bio-fuels that won’t starve you
The aggressive move to replace fossil fuels with bio-fuels has driven agriculture to a turning point globally. Economic growth, energy needs and climate change will redefine supply-demand equations and contribute to accelerating food prices, says ...

LETTERS: US elections
The prominence given by the Indian media to the presidential elections in the US is disproportionate, unbelievable and unnecessary. Since our Independence, the US has never been one of our best friends. Due to the lack of foresight among ...

LETTERS: Soaring prices
In the midst of serious problems such asthe bomb blasts, the Sri Lankan issue, and so on, the Government, perhaps, finds little time to arrive at a solution to an equally important issue — the rise in the prices of various ...

TEXTILES: Looming trouble
Recession in the West is set to hit the Indian textile industry hard. The Apparel Exports Promotion Council expects a 10 per cent drop in orders due to the slowdown. When factories idle, lakhs of workers may find their wages pared, thousands ...






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Markets (Nov 03)
Nifty (at close)3043.85(+158.25)
US Dollar (Buy/Sell)48.99/49.00
Brent crude (a bbl) Rs3,172
Gold (a gram) Rs1,099
Silver (a kg) Rs16,805


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