Rupee drops by 25 paise to quote at 62.18 vs Dollar

The rupee dropped by 25 paise to 62.18 against the dollar in the late morning trade on persistent dollar demand for the American currency from banks and importers.A forex dealer said Banks and importers preferred to increase their dollar positions in view of the firmness of the American currency in ...

Sensex declines by 33 points in late morning trade

The BSE benchmark Sensex declined by 33 points to 20,216 in late morning trade today on profit-booking by funds and retail investors.The sensex had gained 354.16 points in the previous twosessions. Similarly, the National Stock Exchange index Nifty dipped below the 6,000 mark by falling 8.70 points,...

Rupee falls 29 paise to 62.22 vs Dollar; Sensex sheds 36 points

The rupee fell by 29 paise to 62.22 against the dollar in early trade today as the US currency gained strength. Forex dealers said besides dollar's gains against other currencies on hopes of a possible breakthrough in the US budget crisis, fresh demand from importers for the American curren...

In Jakarta, the first meeting of the India-Indonesia CEO's forum is being held today on the sidelines of the Prime Minister's visit. The forum was established in 2011 following the visit of the Indonesian President Yudhoyono to India. 36 commercial organizations from both the count...

The International Finance Corporation, IFC, a member of the World Bank Group, On Wednesday announced the launch of a 1 billion US Dollar offshore rupee bond programme to strengthen India's capital markets and attract greater foreign investment. Said to be the largest of its kind in the offs...

International Monetary Fund, IMF has said that India's fiscal deficit is expected to increase to 8.5 per cent of the GDP this financial year. In its October 2013 Fiscal Monitor Report, IMF said, this is mainly due to the downward revision in GDP growth, depreciation of rupee and higher glob...

India to become top trading destination for W.Asia: HSBC forecast

India is set to become the top trading destination for the West Asia and North Africa Region according to a trade forecast by HSBC, one of the leading bankers in the region. It has predicted that India will be the top export destination for the UAE with a rise in trade by nearly 14 percent. Saudi Ar...

Janet Yellen is new US Federal Reserve Chief

US President Barack Obama has nominated Janet Yellen as the new head of the Federal Reserve. Ms Yellen is currently the Vice-Chair of the Bank and will take over from Ben Bernanke, its current head, in January. President Obama said, Ms Yellen is a proven leader who is tough. But, she knows how to bu...

Sensex surges 266 points to close above 20,000-mark

The Sensex at the Bombay Stock Exchange surged 266 points, or 1.3 percent, to close above the 20,000-mark, at 20,249, on Wednesday, after the trade deficit narrowed to its lowest level in 30 months. The Nifty at the National Stock Exchange jumped 79 points, or 1.3 percent, to 6,007.Stock markets in ...

Sebi proposes measures to deal with erroneous trades

To tackle instances of erroneous trading activities in the securities market, Securities and Exchange Board of India - Sebi on Wednesday proposed a slew of measures for the stock exchanges including well-defined parameters and time-bound approach for deciding on annulment of such trades.The latest s...