Business

October 7, 2013 9:00 PM

RBI cuts MSF rate by 0.5 % to improve liquidity

The Reserve Bank of India (RBI) reduced the Marginal Standing Facility (MSF) rate to 9 per cent from 9.5 per cent on Monday to improve liquidity in the system. In a release issued from Mumbai on Monday the RBI said that the decision was taken after a review of evolving liquidity conditions. MSF allo...

October 7, 2013 6:11 PM

Sensex down by 21 points

Snapping three days of gains, the Sensex at the Bombay Stock Exchange ended with a slim loss of 21 points, or 0.1 percent, at 19,895, today. The Sensex had gained over 530 points in the previous three trading sessions. The Nifty at the National Stock Exchange fell just 1 point, to 5,906.Stock market...

October 7, 2013 1:36 PM

Sensex down 118 points in noon trade<br/>

Recovering partially from initial losses, the Sensex at the Bombay Stock Exchange stood 118 points, or 0.6 percent in negative territory, at 19,798 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had declined 203 points, or 1 percent, to 19,713, on profit-booking by investo...

October 7, 2013 12:08 PM

Rupee falls by 34 paise

Snapping its three-day winning spree, the rupee lowered by 34 paise at 61.78 rupees in late morning trade today. The fall attributed to renewed dollar demand from banks and importers amid its higher value overseas. It dropped further to 61.85 rupees before quoting 61.78 rupees per dollar. It moved i...

October 7, 2013 12:03 PM

Sensex down by 228 points in noon trade<br/>

The Sensex at the Bombay Stock Exchange tumbled by 228 points to 19,688 in late morning trade today. The fall follows fresh selling in banking, PSU, refinery and FMCG sector stocks, triggered by lower Asian cues. The 30-share barometer, fell by 202 points in morning trade. The Nifty, National Stock ...

October 7, 2013 10:49 AM

Oil prices down in Asian trade

Oil prices edged lower in Asian trade today on growing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global economy. New York&apos;s main contract, West Texas Intermediate for delivery in November fell 57 cents to 103.27 dollars inmid-morning trad...

October 7, 2013 10:46 AM

Oil prices down in Asian trade

Oil prices edged lower in Asian trade today on growing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global economy. New York&apos;s main contract, West Texas Intermediate for delivery in November fell 57 cents to 103.27 dollars inmid-morning trad...

October 7, 2013 10:09 AM

Rupee falls by 21 paise against the dollar

The rupee fell by 21 paise to 61 rupees 65 paise against the dollar in early trade today mainly due to demand from importers for the US currency. The rupee had gained 29 paise to close at seven-week high of 61 rupees 44 paise against the dollar on Friday on expectations that the US government shutdo...

October 7, 2013 10:01 AM

Sensex down over 202 points in early trade

The Sensex at the Bombay Stock Exchange declined over 202 points in early trade today on profit-booking by speculators amid a weak trend in the Asian region. The Thirty-share barometer, which had gained 536 points in the previous three sessions, fell by 202 points to 19,713. The National Stock Excha...

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