BUY GODREJ INDUSTRIES FUTURES ABOVE 321
SELL KARNATAKA BANK FUTURES BELOW 187.8
Brokerage house Nomura sees India's current account deficit for this fiscal year climbing to last year's level of 4.2 percent. Unless foreign portfolio flows—equity and debt—are strong enough to bridge the gap, the rupee could once again come under pressure.
India's trade deficit—exports minus imports—stood at USD 19.5 for November, despite a slowdown in gold imports and a slight moderation in oil imports.
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