- Consumer prices surged 6.5% last month from a year earlier, as food costs increased, the Beijing-based National Bureau of Statistics said today.
That was more than the 6.4% median estimate of economists. Source: http://www.indiainfoline.com/Markets/News/Chinas-inflation-spurts-in-July/5217379321
- India's benchmark gold futures on the Multi Commodity Exchange (MCX) extended gains on Tuesday and surpassed Rs. 26,000 per 10 grams. The Indian currency fell below the 45-per-dollar mark today for the second day in a row after breaching the level for first time in five weeks yesterday. Source: http://www.indiainfoline.com/Markets/News/India-gold-futures-hit-new-record...Rupee-below-45/5216531628
- Source: http://www.indiainfoline.com/Markets/News/RBI-allows-foreign-individuals-to-invest-in-MFs/5217744840 - RBI opens up the spigot of inflows gradually. This is stock market bullish (India) since lot of individual money right now can be invested into the MF directly.
Analysing the trade between the two nations the report points out the trend that indicates that India-China trade could reach US$100bn by 2015. In the year 2010, the trade between the two countries stood at US$61.74bn. Source: http://www.indiainfoline.com/Markets/News/China-is-the-most-important-trading-partner-for-India-Deloitte-Report/5217239335
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