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Finance Secretary Ashok Chawla said the central bank's move is a balancing act by all means to tackle inflation heads on, without hurting the country's economic growth.

 
 
The rupee appreciated by 6 paise to Rs 44.41 against the dollar at the Interbank Foreign Exchange market in morning trade.
Export numberd from the tax-free enclaves grew to Rs 1,39,841 crore during the first half of this financial year, against Rs 89,750 in the same period last year.
The food price index fell to 13.75 per cent for the week ended October 16 on improved kharif supplies, compared to 15.53 per cent for the week ended October 9.
 
 
Prime Minister Manmohan Singh said the government is encouraging oil firms to buy blocks abroad to help meet the deman-supply gap for oil over the coming years.
During the six month review of April-September period, exports increased 28 per cent to $103.64 billion, compared to the same period previous financial year.
Prime Minister Manmohan Singh pushes for early completion of all formalities for implementing the India-ASEAN Trade in Goods Agreement.

Prime Minister Manmohan Singh says mutual development possible through sustained cooperation.

The jump in capital goods imports indicate the level of real investment taking place in the economy has gone up.

Forex dealers said weaker Asian currencies against the US dollar and the month-end demand for the greenback from importers weighed down the rupee sentiment.
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