Mumbai: The rupee rose by 4 paise to 54.18 against the dollar in early trade at the Interbank Foreign Exchange market on Friday on increased selling of the US currency by exporters. Strengthening of the euro against the dollar overseas, also supported the rupee. The rupee had gained 16 paise to close at 54.22 against the dollar in Thursday trade. ...
10:11 AM, Apr 26, 2013
New York: Asserting that India can absorb $50 billion foreign investment annually, Finance Minister P Chidambaram has said the downturn in Indian economy was temporary and growth will return to 8 per cent in two years. Acknowledging the largeness of the current account deficit (CAD) at around 5 per cent of GDP in 2012-13, he said the government had no timelines or targets in mind for bringing it down. He...
11:51 AM, Apr 18, 2013
Mumbai: The rupee on Thursday rose by 15 paise to 54.06 against the dollar in early trade on the Interbank Foreign Exchange as the US currency weakened against euro overseas amid a higher opening in the domestic equity market. Forex dealers said strength in euro against the US dollar overseas and increased capital inflows supported the rupee. The rupee had closed 7 paise down at 54.21 against the dollar in...
10:07 AM, Apr 18, 2013
Mumbai: The rupee on Wednesday gained 24 paise to trade at fresh one-month high of 53.90 in early trade at the Interbank Foreign Exchange market on dollar selling by exporters and increased capital inflows. Forex dealers said strengthening of euro, which reached its best level since February, against the dollar overseas and higher opening in the domestic equity market, also supported the rupee. The local currency had gained 48 paise...
10:19 AM, Apr 17, 2013
Mumbai: In a volatile trade, the BSE benchmark Sensex on Wednesday declined by 14 points on fag-end selling by funds in heavyweights like RIL, HDFC and TCS amid a weak global trend. Snapping two-days of gaining trend, the Sensex fell 13.77 points, or 0.07 per cent, to close at 18,731.16. The gauge touched the day's high of 18,869.88. The index had recorded a biggest climb in last session. Similarly, the...
09:49 AM, Apr 17, 2013
Mumbai: The rupee weakened by 26 paise to trade at 54.78 against the US currency on Monday over sustained dollar demand from banks and importers amid its higher value overseas. The rupee resumed lower at 54.65 per dollar as against the last weekend's level of 54.52 at the Interbank Foreign Exchange (Forex) Market. It hovered in a range of 54.64 and 54.79 per dollar before quoting 54.78 at 10.40 am....
11:52 AM, Apr 15, 2013
Mumbai: Rising for the third straight day, the rupee on Tuesday appreciated further by 13 paise to 54.43 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on sustained selling of the US currency by exporters. Besides, a strong opening in the domestic equity market and strength in the euro against the dollar overseas also supported the rupee, forex dealers said. The rupee had gained 25...
09:59 AM, Apr 09, 2013
Mumbai: The rupee edged higher by 8 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased selling of the American currency by exporters and banks. Besides, strengthening of euro against the dollar in overseas market and a higher opening in the equity market supported the rupee, forex dealers said. The rupee had gained 6 paise to close at 54.81 in...
09:59 AM, Apr 08, 2013
Mumbai: Key equity benchmarks ended a listless day of trade in the red. The BSE benchmark Sensex ended down 12.45 points at 18437.78, after touching an intraday low of 18,504.48. The NSE benchmark Nifty closed down 10.30 points at 5542.95. Shares of Bharti Airtel ended up nearly 4 per cent after the Supreme Court on Monday, allowed India's largest telecom operator, along with Vodafone and Idea Celluar, to maintain pacts...
09:40 AM, Apr 08, 2013
Mumbai: The rupee on Friday gained seven paise to 54.80 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters. The local currency had lost 44 paise to hit one-month low of 54.87 a dollar on Thursday due to heavy capital outflows. Forex dealers said increased dollar selling by exporters helped rupee to trade a shade higher but the US...
09:54 AM, Apr 05, 2013
Mumbai: The Nifty is consolidating around 5550 after breaching it on the downside during the day. Blue chip stocks like L&T, JP Associates, Reliance Industries took a breather in trade today after heavy battering in previous sessions. The Nifty has lost 173 points or 3 per cent in last two days. FIIs have turned net sellers in the market pulling out close to Rs 700 crore in the same period....
09:32 AM, Apr 05, 2013
Mumbai: The rupee on Thursday lost 16 paise to 54.59 against the dollar in early trade on the Interbank Foreign Exchange due to continued capital outflows and increased demand from importers for the US currency. Besides, dollar's gains against euro overseas also put pressure on the rupee. Dealers attributed the rupee's fall to increased capital outflows by foreign funds and a lower opening in the stock market. The rupee had...
10:04 AM, Apr 04, 2013
It was carnage on Dalal Street with the BSE Sensex shedding over 500 points in two trading sessions on Wednesday and Thursday. Political uncertainty, ETF funds and FII selling and ever-worsening economic data were the key triggers for the downfall. The Sensex closed at 18509, down 292 points or 1.55 percent and the Nifty ended at 5574, down 98 points or 1.73 percent. The benchmark indices closed below their 200-Day...
09:31 AM, Apr 04, 2013
The rupee on Wednesday lost 14 paise to 54.40 against the dollar in early trade on the Interbank Foreign Exchange due to strengthening of the US currency overseas. ...
09:40 AM, Apr 03, 2013
The Indian rupee dropped by 18 paise to 54.35 against the American currency in the late morning trade on fresh demand for the greenback from banks and importers in view of firm dollar in overseas market. ...
11:25 AM, Mar 26, 2013
The rupee appreciated by 24 paise to 54.09 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on sustained selling of the American currency by exporters and banks and increased capital inflows. ...
10:02 AM, Mar 25, 2013
Erasing early gains, the rupee on Friday fell by four paise to 54.32 in late morning trade due to good dollar demand from importers amid weak local equity market. ...
09:59 AM, Mar 22, 2013
The rupee opens higher tracking returns of risk appetite to global markets. The pair is at 54.26/27 versus its close of 54.36/37 on Wednesday. Initially some foreign banks were on dollar offer side, but the pair is seeing interest From both sides, says a private bank dealer. The pair has technical resistance at 200-day DMA of 54.62. ...
10:20 AM, Mar 21, 2013
In highly volatile trade, the Bombay Stock Exchange benchmark Sensex on Thursday pared over 200-point gain to close the day 91 points down at nearly four-month low levels on emergence of fag-end selling amid new political developments and weak global cues. ...
09:47 AM, Mar 21, 2013
The rupee on Wednesday fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate. ...
10:28 AM, Mar 20, 2013
