US import prices surge in Nov due to petroleum product hike
Washington: U.S. import prices surged in November amid an increase in the cost of imported petroleum products, leading to the largest year-on-year increase in seven months.
The Labor Department said on Thursday that import prices jumped 0.7 percent last month after a downwardly revised 0.1 percent gain in October. Economists polled by Reuters had forecast import prices increasing 0.7 percent in November after a previously reported 0.2 percent rise in October.
In the 12 months through November, import prices advanced 3.1 percent, the largest gain since April, after increasing 2.3 percent in October.
Gold futures were trading a shade higher at Rs 30,188 per 10 grams as traders raised bets amid positive cues from global markets.
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Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.