[Daily CRR requirement was reduced to 95 per cent w.e.f September 21, 2013.] August 13: Customs duty on gold imports was further raised to 10 per cent. August 14: Limit on overseas direct investment under (ODI) through automatic route reduced from 400 per cent to 100 per cent.
Nevertheless, as the cyclical factors are expected to become favorable – particularly with the accelerating growth of overseas economies (mainly advanced economies) – exports are expected to head for a moderate increase, especially those of high-value-added products.