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23 Jul
11:57

Budget fails to lift Indian domestic coil market

Indian domestic hot and cold rolled coil market activity remains weak amid monsoons and India’s union budget announcement made on Tuesday, domestic traders tell Kallanish. Indian finance minister Nirmala Sitharaman announced the Indian Union Budget for the fiscal year ending March 2025 (FY25), upholding its interim budget capital expenditure of INR 11.11 trillion ($132.7 billion), which accounts for 3.4% of India’s GDP. It also announced affordabl…
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