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Economy and Politics

Besides, the euro stayed bearish against other currencies in overseas markets after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.

Growing economic uncertainties in the western market hit India' exports for the second consecutive month, dropping 5.45 per cent year-on-year in June to $25 billion.
In the case of inflation, the survey sees the Wholesale Price Incex numbers falling into 7.0-7.9 per cent by end-March 2012-13 with a downward bias.
The cumulative expansion in April-June 2012 slowed to 3.6 per cent from 5.2 per cent in the same period last year.
The Indian rupee recovered by 10 paise to 55.55 against the dollar in early trade on the Interbank Foreign Exchange.
For the first time, the three inter-state transmission networks - Northern Grid, Eastern Grid and North-Eastern Grid - tripped together.
The massive power failure has raised serious concerns about the country's outdated infrastructure and the government's inability to meet its huge appetite for energy.
Selling by exporters and banks amid euro's strength against the American currency helped teh Indian currency gain against the US dolla.