Business

November 6, 2013 1:56 PM

SBI hikes lending rates effective tomorrow

The State Bank of India, SBI has raised its lending rates by 0.20 per cent with effect from tomorrow. Home, auto and consumer loans are expected to become costlier with the revision of rates. SBI said in a statement that the bank has revised the base rate or the minimum lending rate to 10 per cent f...

November 6, 2013 1:55 PM

Sensex down 40 points in afternoon trade

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 40 points, or 0.2 percent in the negative zone, at 20,935 in afternoon trade, a short while ago. But earlier in morning trade, the Sensex had gained 48 points, or 0.2 percent, to 21,023, on fresh buying by funds.Stock mar...

November 6, 2013 1:05 PM

Sensex falls 60 points in afternoon trade

Losing initial gains, Sensex at the Bombay Stock Exchange fell 60 points in afternoon trade, to 20,914. Earlier, the 30 share barometer gained 48 points in opening trade to reclaim the 21000 level due to fresh buying on the back of persistent foreign capital inflows.The broad-based National Stock Ex...

November 6, 2013 12:09 PM

Rupee loses 25 paise to 61.87 vs Dollar

The rupee dropped by 25 paise to 61 rupees, 87 paise against the dollar in late morning trade on good dollar demand from banks and importers despite weakness of dollar overseas.Earlier, the rupee resumed lower at 61 rupees, 93 paise per dollar as against the last closing level of 61 rupees, 62 paise...

November 6, 2013 12:07 PM

Sensex falls 16 points in late morning deals

Losing initial gains, Sensex at the Bombay Stock Exchange fell 16 points in late morning deals, to 20,958. Earlier, the 30 share barometer gained 48 points in opening trade to reclaim the 21000 level due to fresh buying on the back of persistent foreign capital inflows.The broad-based National Stock...

November 6, 2013 12:02 PM

FM confident country's CAD will be contained below $ 60bn this fiscal

Finance Minister P. Chidambaram exuded confidence that the country's current account deficit-CAD, will be contained below 60 billion dollars this financial year as against an earlier estimate of 70 billion dollars. Talking to a private TV channel, he said inflation is a problem and food ite...

November 6, 2013 10:13 AM

Rupee loses 27 paise at 61.99 vs Dollar in opening trade

The rupee lost 27 paise to 61.89 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency against euro overseas.Increased demand for the US dollar from importers also put pressure on the rupee.The rupee had closed 12 paise higher at 61...

November 6, 2013 10:11 AM

Rupee continues decline; down 11p at 61.85 vs Dollar

The Rupee continued to decline for the 3rd day on Tuesday by slipping another 11 paise to 61.85 per dollar in late morning session on persistent demand for the American currency from banks and importers amidst steady dollar in the overseas market. The rupee resumed lower at 61.95 per dollar as again...

November 6, 2013 10:11 AM

Sensex gains over 48 points in early trade

The BSE Sensex rose over 48 points in early trade today on fresh buying by funds and retailers after Finance Minister P Chidambaram exuded confidence that the country's current account deficit will be contained below 60 billion US Dollars in the current financial year.The 30-share barometer...

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