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Exim Guru
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India’s Foreign Trade: October, 2012:
India’s exports during October, 2012 were valued at US $ 23246.91 million (Rs. 123264.20 crore) which was 1.63 per cent lower in Dollar terms (5.89 per cent higher in Rupee terms) than the level of US $ 23632.02 million (Rs. 116406.37 crore) during October, 2011.

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Pakistan is set to allow the use of land transportation to import agricultural goods from India – a move that would likely boost trade in food between the two countries and is vehemently opposed by farmers’ lobbies in Pakistan.

According to sources, the Pakistan government has finalised a list of 16 items – including palm oil, cigar and cigarettes – that will be allowed for import from India, and subject to minor duties, reports The Express Tribune.
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Massive stockpiles, coupled with Indonesian government's decision to slash export duty on crude palm oil, are likely to keep edible oil price in check in India.
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