Reported about 7 hours ago
India's government has admitted to a miscalculation in gold import figures that has resulted in a record trade deficit of $37.8 billion in November. This error, stemming from a new data transmission system, initially reported imports of $14.8 billion in gold, which was later revised to $9.84 billion. While this revision will decrease the current account deficit, analysts suggest it may not significantly affect the Indian rupee's performance against other currencies.
Source: YAHOO