The Sensex which jumped 321 points in early trade lost its gains marginally and it was trading up by 134 points at 18,380 a short while ago. The index had lost over 1,121 points in the previous three sessions. Wide-based National Stock Exchange index Nifty recovered 50 points to 5,452. Meanwhile, in other Asian markets, […]
The rupee today breached the 64-mark against the dollar by falling 98 paise to trade at record low of 64.11 on persistent dollar demand and a weak opening in the domestic equity market. At the Interbank Foreign Exchange or Forex market, the local currency opened sharply lower at 63.75 a dollar from itsprevious close of […]
The rupee dropped to a record low of 62 rupees 45 paise per dollar in late morning trade today on persistent demand for the US currency from banks and importers. A firm US currency in the overseas market also affected the rupee against the dollar. Earlier, the rupee resumed lower at 62 rupees 30 paise […]
Sensex at the Bombay Stock Exchange tumbled by 215 points to 18382 in late morning trade today on persistent selling pressure in banking, capital goods, auto, PSU and realty sectors. Earlier, the BSE benchmark plunged by nearly 222 points, to around 18,376 in opening trade
Gold continued its ascent and today reclaimed the psychologically important Rs 31,000 per 10 gram mark at the domestic bullion hub on steady wave of speculative and stockists’ buying frenzy amid strong global sentiment.Significant increase in jewellery and investment demand against the backdrop of sliding rupee value also helped prices surge.The precious metal has been […]
Kochi: The gold price on Saturday surged to Rs 23,040, up by Rs 400, for a sovereign. A gram of gold is now at Rs 2,880. The hike in the price of gold in the global economy and the practice of merchants hoarding gold as an investment has caused the rise.
Finance Minister P Chidambaram said the steps announced by RBI to curb investment by Indian companies abroad is not a “capital control” measure and the apex bank will revisit it at an appropriate time. “These are, I believe, measures that are temporary and I am sure that RBI will revisit it at an appropriate time. […]
Mumbai:India Cements has cut its capital expenditure plan of Rs 300 crore by Rs 50 crore, company officials said on a recent earnings call. “The company’s current gross debt stands at Rs 3,230 crore and the company doesn’t intend to spend on capacity expansion in fiscal 2014. However, it may look at expansion over the […]
The BSE benchmark Sensex rose by 148 points to 18,937 points, a short while ago. Earlier, it gained 162 points to trade at 18,952 points in morning deals on buying by funds and retailers. The wide-based National Stock Exchange index Nifty moved up by 31 points to 5,597.
India’s foreign exchange reserves have fallen by 2.995 billion US dollars to 277.167 billion in the week ended 2nd August. RBI data released on Friday said that foreign currency assets, a major component of the forex reserves, have dropped by 2.155 billion US Dollars to 249.895 billion US dollars during last week, while gold reserves […]