The currency has depreciated which also raises the input costs of the manufacturing sector in India which necessarily means that in the absence of a clear pickup in the domestic consumption and also a global slowdown sort of manifesting itself in a lower export growth, we should have a subdued manufacturing production.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest