NEW DELHI - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.
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MUMBAI - The rupee shrugged off weakness in major Asian currencies to post a modest gain Friday on strong foreign inflows, reversing the depreciating trend of the last three days.
LONDON - Gold and silver slumped to their lowest since 2010 on Friday as the dollar and stock markets soared following a new round of quantitative easing by the Bank of Japan and data showing a robust U.S. economy.
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article