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December 19, 2013 7:58 PM
The government today slashed the Minimum Export Price (MEP) of onion with immediate effect to 350 dollars a tonne from the existing 800 dollars per tonne. The move is aimed at encouraging its exports. The Commerce and Industry Ministry in a statement said that an inter-ministerial panel, after facto...
December 19, 2013 7:00 PM
The Country's largest bank, State Bank of India, SBI today cut home loan rates by up to 0.4 per cent for new borrowers, a day after the Reserve Bank kept its key policy rates on hold. Women borrowers would get an additional 0.05 per cent concession on card rates.SBI home loans will now be a...
December 19, 2013 5:13 PM
The Sensex at the Bombay Stock Exchange declined 151 points, or 0.7 percent, to close at 20,709, today. The Sensex fell after the US Federal Reserve, or central bank, said it would cut its monthly bond purchases by 10 billion dollars, to 75 billion dollars from next month. The Nifty at the National ...
December 19, 2013 2:05 PM
At the interbank foreign exchange market, the rupee weakened 37 paise, to 62.46 against the dollar, in late morning trade, as the dollar strengthened in the overseas market, after the decision of the US Federal Reserve, to cut its monthly bond purchases by 10 billion dollars, to 75 billion dollars.
December 19, 2013 2:03 PM
At the stock markets, giving up all its initial gains, the Sensex at the Bombay Stock Exchange had lost 144 points, to 20,716 in afternoon trade, a short while ago, on concerns about a slowdown in foreign fund inflows, following the US Federal Reserve's announcement.Earlier in the morning, ...
December 19, 2013 1:00 PM
The Sensex at the Bombay Stock Exchange fell by 116 points to 20,744 in late afternoon trade. The fall attributed to fresh selling pressure, mainly in banking, refinery, power, capital goods and realty sectors on fears of a slowdown in foreign capital inflows. Earlier, the 30-share index lost 152 po...
December 19, 2013 12:02 PM
The Sensex at the Bombay Stock Exchange failed to maintain initial gains and was quoted lower by 152 points to 20,708 in late morning trade. The fall attributed to fresh selling pressure, mainly in banking, refinery, power, capital goods and realty sectors on fears of a slowdown in foreign capital i...
December 19, 2013 12:01 PM
The rupee dropped further by 37 paise to 62 rupees 46 paise against the American currency in the late morning trade on persistent dollar demand from banks and importers on the back of higher dollar in the overseas market.The rupee resumed lower at 62 rupees 25 paise per dollar as against the last cl...
December 19, 2013 10:10 AM
Extending its losses for the third straight day, the rupee fell by another 21 paise to 62 rupees 30 paise against the dollar in early trade today on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas. The rupee had shed 8 paise to close a...
December 19, 2013 10:10 AM
The benchmark BSE Sensex gained 158 points to 21,017 in early trade today on sustained buying by funds and retailers amid a firming trend on other Asian bourses. The National Stock Exchange index Nifty moved up by 47 points to 6,264.Among other Asian markets, Hong Kong's Hang Seng index ros...
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