Economy

  • Rupee softens by 2 paise vs USD to end at 60.45 in dull trade 3 hours 22 minutes ago

    Mumbai: The Indian rupee on Wednesday edged two paise lower and ended at 60.45, near its four-week high levels, against the Greenback on dollar demand from importers. However, bullish local equities, sustained capital inflows and a weak dollar overseas helped check the rupee fall, a forex dealer said. At the Interbank...
  • Rupee logs 4-week closing high of 60.43 vs dollar, up 13 paise Yesterday

    Mumbai: The Indian rupee on Tuesday appreciated by 13 paise to end at nearly four-week high of 60.43 against the American currency following fresh dollar selling by exporters and sustained investments by foreign funds. However, some hesitancy in local equities and weak dollar overseas kept the rupee in a tight range. The...
  • Rupee falls nine paise Vs US dollar to end at 60.56 2 days ago

    Mumbai Retreating from over three-week highs, the Indian rupee on Monday fell nine paise to close at 60.56 against the Greenback on late profit booking in local equities and fresh dollar demand from oil importers. However, sustained capital inflows and a weak dollar overseas limited the rupee fall, a forex dealer...
  • India needs high quality governance, says Arun Jaitley 3 days ago

    Kolkata: Observing that India needs to learn from international best practices in governance, Finance Minister Arun Jaitley on Sunday called the corporate sector to utilise opportunities that beckon India's economy. Addressing a function here where he presented the 13th ICSI National Awards for Excellence in Corporate Governance to Companies and Company...
  • Ebola hits west African economy; fields, mines abandoned 3 days ago

    Monrovia: The worst-ever outbreak of the Ebola virus is taking a heavy toll on west Africa's economy as crops rot in the fields, mines are abandoned and goods cannot get to market. The epidemic has ravaged the region since it erupted in the forests in the south of Guinea earlier this...
  • Rupee rebounds 20 paise to end over 3-week high Vs US dollar at 60.47 5 days ago

    Mumbai: The Indian rupee on Friday rebounded 20 paise to end at over three-week high of 60.47 against the Greenback following strong local equities and capital inflows. After falling six paise on Thursday, the sentiment was in favour of the rupee today and helped it shrug off a better dollar in...
  • Rupee snaps three-day rise, ends 6 paise down Vs US dollar at 60.67 6 days ago

    Mumbai: Breaking its three-session string of gains, the Indian rupee today retreated from three-week highs and ended six paise down at 60.67 against the greenback on importer demand for US currency, amid a firm dollar overseas. However, a marginal recovery in local equities and continued capital inflows restricted the rupee fall....
  • Rupee washes out early losses, ends up 6 paise vs US dollar at 60.61 1 week ago

    Mumbai: Recouping early losses, the Indian rupee on Wednesday closed six paise higher at almost a three-week high of 60.61 against the American unit on constant dollar selling by exporters and some banks, amid increased inflows. However, weakness in local stocks and strong dollar overseas confined the rupee rise, a forex...
  • Rupee up 7 paise against dollar in early trade August 19, 2014

    Mumbai: Extending its rising streak for the second session, the rupee strengthened by seven paise to trade at fresh two-week high of 60.69 against the US dollar in early trade on Monday amid sustained foreign capital inflows. Increased selling of dollars by banks and exporters amid soaring equity markets on heavy...
  • Full text: President Pranab Mukherjee's address to the nation on Independence Day eve August 15, 2014

    New Delhi: Strongly disapproving of disruptions in Parliament, President Pranab Mukherjee on Thursday said that the need of the hour is to restore the grandeur and glory of institutions that have sustained democracy. "I sometimes wonder: has our democracy become too noisy? Have we lost the heart of contemplation and...
  • Has democracy become too noisy, asks President on the eve of the 68th Independence Day August 14, 2014

    New Delhi: President Pranab Mukherjee on Thursday said intolerance and violence is a betrayal of the letter and spirit of democracy and slammed those who believe in the "poison drip of inflammatory provocation". In his Independence Day-eve address to the nation, he referred to bigotry and noted that an increasingly...
  • Hiring activity up 20 per cent in July 2014 over July 2013: Survey August 14, 2014

    New Delhi: India has seen a growth in hiring activity with the Naukri Job Speak Index for the month of July 2014 at 1649 indicating a 20 per cent growth in hiring when compared to July 2013. Monthly comparison also shows a growth of 5 per cent in hiring activity...
  • Rupee rises nine paise to 1-week high of 61.08 vs US dollar August 14, 2014

    Mumbai: The Indian rupee on Thursday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at 61.08...
  • Rupee down most in a week vs US dollar to end at 61.21 as inflation rises August 13, 2014

    Mumbai: The rupee on Wednesday fell 13 paise in its biggest drop in a week to end at 61.21 against the Greenback following fresh dollar demand from importers, amid uptick in retail inflation and slowing industrial production growth. However, better local equities and some capital inflows helped restrict the fall...
  • Sensex rises 38 points to two-week high; ITC, HUL, HDFC shine August 13, 2014

    Mumbai: In volatile trade, the benchmark Sensex on Wednesday rose 38.18 points to end at a two-week high of 25,918.95 on the back of key bluechip shares ignoring a rise in retail inflation and slowing industrial production growth. Buying in FMCG stocks ITC and HUL, who were the top gainers from...
  • Just 3 months into office, Narendra Modi admirers feel he's reverting to UPA's script August 13, 2014

    New Delhi: As an election campaigner, Prime Minister Narendra Modi promised sweeping market reforms to revive economy and put the country to work. As prime minister, he has dismayed admirers, apparently reverting to the script of the hapless government he defeated. To some of the economists and business leaders who as...
  • Rupee rises 9 paise to 1-week high of 61.08 vs US dollar August 12, 2014

    Mumbai: The Indian rupee on Tuesday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at...
  • Rajan says western governments must do more to revive economies August 12, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday said he would like the political systems in developed countries to do more rather than depending on monetary policies to boost their sagging economies. "My colleagues in industrial countries are trying too hard (to revive their economies), and I would prefer monetary policy...
  • Sensex gains 190 points August 11, 2014

    Mumbai: Auto and IT stocks led the market on Monday. The Sensex ended up 190.10 points or 0.75 percent at 25519.24, and the Nifty was up 57.40 points or 0.7 percent at 7625.95. About 1716 shares have advanced, 1221 shares declined, and 96 shares were unchanged. M&M was up 6...
  • Nifty marks second consecutive weekly fall on geopolitical concerns August 8, 2014

    Mumbai: The Nifty fell more than 1 per cent on Friday, marking its second consecutive weekly decline, as blue-chips such as Larsen & Toubro slumped on global risk aversion after US President Barack Obama authorised targeted air strikes in Iraq. The broader Nifty provisionally lost 1.05 per cent, its third straight...
  • Rupee hits 5-month low of 61.74 intraday ; ends 7 paise up Vs dollar August 8, 2014

    Mumbai: The rupee on Friday plunged by 52 paise to five-month low of 61.74 against the dollar with oil prices rising amid geopolitical tensions, but the domestic currency managed to close seven paise higher at 61.15 on suspected RBI intervention in the Forex market. At the Interbank Foreign Exchange (Forex) market,...
  • India's central bank governor warns of global market 'crash' August 7, 2014

    Mumbai: India's central bank governor Raghuram Rajan says global markets are at risk of a "crash" should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal, reiterate Rajan's previous warnings that emerging markets were...
  • Rupee recovers 16 paise Vs dollar in early trade August 7, 2014

    Mumbai: The rupee recovered by 16 paise to trade at 61.33 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market, tracking positive sentiments after the government approved FDI liberalisation in defence and railways sectors. Forex dealers said besides selling of dollars by exporters, strength in other...
  • Nifty ends below 7650; IT drags August 7, 2014

    Mumbai: The market fell marginally on Thursday, continuing southward journey for the second consecutive session amid weak global cues and consolidation. The Sensex declined 76.26 points to 25589.01 and the Nifty slipped 22.80 points to 7649.25 weighed down by technology stocks. The broader markets too were under pressure with the BSE...
  • Sanctions putting enormous pressure on Russian economy: Barack Obama August 7, 2014

    Washington:US President Barack Obama has said the tough sanctions imposed on Russia by his administration and the European Union are putting enormous pressure and strain on Russian economy. "Sanctions are working as intended in putting enormous pressure and strain on the Russian economy," Obama said on Tuesday. "That's not my estimation, if...
  • India's manufacturing, services growth outpaced China in July: HSBC August 6, 2014

    New Delhi: Manufacturing and services sectors in India expanded at a faster pace than China in July, even as emerging market output registered a slower pace of growth, HSBC said on Wednesday. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, stood at 51.7 in...
  • Gold gains Rs 110 on festive season demand, global cues August 6, 2014

    New Delhi: Gold prices jumped by Rs 110 to Rs 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides, depreciating rupee which fell to almost five-month low of Rs 61.41 (intra-day) against the US dollar, making imports costlier, influenced gold prices. However, silver...
  • India no longer a problem economy: Raghuram Rajan August 5, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said India has emerged from the perception of being in crisis and has placed itself as a better place to remain invested. "I keep telling the international fora that India is not a problem any more. I think there was a perception problem...
  • Rupee jumps most in 3 weeks to end at 60.93 vs dollar, up 25 paise August 4, 2014

    Mumbai: Recovering from four-month lows, the Indian rupee on Monday rose 25 paise in its biggest gain in three weeks to end at 60.93 against the greenback as shares soared ahead of the RBI policy meet and exporters offloaded dollars. At the Interbank Foreign Exchange (Forex) market, the domestic unit started...
  • Sensex jumps over 200 points, tech shares up August 4, 2014

    Mumbai: The BSE Sensex jumps over 200 points and the Nifty is trading 1 per cent higher, heading for their first winning session in three. Technology stocks lead on weaker rupee - Infosys Ltd surges 3.7 per cent. Lenders gain ahead of the RBI's policy review, due on Tuesday. State Bank of...