Gold rises Rs 80 to 27,450 rupees per ten grams

Snapping its three days of loss, gold rose 80 rupees to 27,450 rupees per ten grams at Delhi's bullion market, today, on buying by jewellers amid firm global markets. Silver advanced 250 rupees to 41,500 rupees per kilo on increased offtake by industrial units and coin makers. Overseas gold...

Time for Govt to de-regulate diesel prices: RBI Governor

Rupee falls 34 paise to 60.99 against dollar

The rupee depreciated by 34 paise, to 60.99 paise against the US dollar at the Interbank Foreign Exchange due to increased demand for the US currency from importers amid a weak opening in the domestic equity market. Forex dealers said, besides fresh demand from importers for the American unit, a low...

August WPI Inflation shrinks to five-year low of 3.74%

Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.According to the data released by Ministry of Commerce and Industry, inflation was at 5.19 per cent in July and 6.99 per cent in August 2013. Inflation i...

Oil falls in Asian trade

Oil prices fell in Asia today after a sharp slowdown in Chinese industrial production raised concerns about slackening of demand by the world's top energy consumer. US benchmark West Texas Intermediate for October delivery eased 1.06 dollars to 91.21 dollars, while Brent crude for October, ...

FIIs pour in Rs 17,000 crore in Indian markets

Continuing to bet on the government's reforms agenda, overseas investors have pumped in over 17,000 crore rupees in the Indian capital market so far in September. According to the official data, net investments by foreign investors in the equity market were 6,665 crore rupees from September...

RBI closes down six UCBs suspected of money laundering

Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) suspected of being used to route illegal money. In a meeting of the Economic Intelligence Council (EIC) headed by Finance Minister, it came to notice that the UCBs with deposits of over 2 lakh crore rupees were found to b...

RBI closes down six UCBs suspected of money laundering

Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) suspected of being used to route illegal money. In a meeting of the Economic Intelligence Council (EIC) headed by Finance Minister, it came to notice that the UCBs with deposits of over 2 lakh crore rupees were found to b...

Indian economy to grow at 5.6% in 2014-15: Survey<br/>

Indian economy will expand by 5.6 per cent for financial year 2014-15 as the Reserve Bank is not likely to cut interest rates this year. This was revealed in Economic Outlook Survey of Federation of Indian Chambers of Commerce and Industry, FICCI in New Delhi. The survey said, objective of restoring...

Money laundering: RBI takes action against erring UCBs

Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) suspected of being used to route illegal money. In a meeting of the Economic Intelligence Council (EIC) headed by Finance Minister, it came to notice that the UCBs with deposits of over 2 lakh crore rupees were found to b...