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Economy and Politics

The Indian rupee declined by 12 paise to 53.94 against the dollar at the Interbank Foreign Exchange market on fresh demand for the American currency from banks.

After contracting for eight straight months, India's exports grew by a meagre 0.82 per cent in January to $25.58 billion.
In terms of policy action, a slew of announcements have been made in the last few months but the impact on real industrial activity has been fairly insignificant.