Mumbai: The rupee was marginally weaker on Monday, with the outlook negative as global sentiment, fuelled by weak US non-farm payrolls and Chinese non-manufacturing PMI, continued to hurt risk assets.
At 9:04 am, the partially convertible rupee was at 55.58/60 per dollar, weaker than its 55.54/55 close on Friday.
Europe's debt crisis has frayed nerves around the world for months. Now signs of weakness in the US jobs market and in Chinese factory output give policymakers even more reason to be afraid.
09:33 AM, Jun 04, 2012
Mumbai: India is expected to grow at 6.1 per cent in calendar year (CY) 2012, similar to the pace recorded in Q4 2011, the Ernst & Young's quarterly Rapid Growth Markets Forecast (RGMF) released in Mumbai said. Growth should be picking up in H2 2012, provided the global economy does not experience a further shock. Over the medium term, we expect a strong recovery in investment, which will help lift...
09:47 AM, Apr 08, 2012
Melbourne: Asian stocks pushed higher in early trade on Thursday in line with a firmer tone on Wall Street, extending a recovery from a sharp sell-off in August on hopes the US Federal Reserve will intervene in markets to support the economy. Global markets have gained strength in recent days, rebounding from several weeks of losses that saw Asian stocks post their worst month in August since May last year,...
08:53 AM, Sep 01, 2011
Dubai: Pakistan manager Naveed Akram Cheema says he's absolutely clear and confident there will be no repeat of the spot-fixing scandal when they play England from next week. The scandal, which ended with three Pakistan cricketers sent to a British prison last November, engulfed the teams' last Test series in mid-2010. The PCB (Pakistan Cricket Board) has introduced a code of conduct and an anti-corruption code and all these guys...
03:52 PM, Apr 09, 2008