![]() ![]() The landed cost of copper in India is 456 rupees per kg ($6.76) as of May 30, according to figures from commodity exchanges. India's copper consumption, often seen as an economic barometer because it is used in many products - from electrical equipment to pipes - is expected to grow at a pace of more than 7 percent this year, in-line with the nation's GDP. "We are expecting that the shutdown can lead to an increased import bill of over $2 billion (1.5 billion pounds)," said an executive from Vedanta, who asked not to be named. India is already struggling with inflation fears as the rise in oil prices has sharply lifted its import bill. Among its emerging economy peers, the rupee has been one of the worst performing currencies against the dollar in recent months. ![]()
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