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With continuing decline in global crude oil prices, losses of Oil Marketing Companies on diesel sales have narrowed 27% to Rs2.49 per liter

July 17, 2014 8:45 IST | India Infoline News Service
Merchandise exports in June rose by 10.22% to US$26.4bn compared to US$24.02bn in the same month last year on account of a strong growth in demand for engineering goods, ready-made garments and petroleum products. On the other hand, after a gap of almost 13 months, imports registered a positive growth rate of 8.33% at US$38.24bn over US$35.3bn in May last year. As a result, the June trade deficit widened to US$11.76bn from US$11.24bn in May 2014. (BS)

The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs23.26bn. (BL)

With continuing decline in global crude oil prices, losses of Oil Marketing Companies on diesel sales have narrowed 27% to Rs2.49 per liter. (BS)

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