Rupee ends 31 paise stronger, at 62.44 against dollar<br/>

The rupee ended 31 paise stronger, at 62.44 against the dollar.Earlier, in opening deals at the Interbank Foreign Exchange Market, the rupee had dropped to 62.76 per dollar, compared to yesterday&apos;s closing level of 62.75 to the dollar.

RBI bans zero% interest rate scheme for purchase of consumer goods

In order to protect consumer interest, RBI has banned zero per cent interest rate scheme for purchase of consumer goods. In a notification issued from Mumbai today, RBI has said that the very concept of zero per cent interest is non-existent and such schemes only serve the purpose of alluring and ex...

Sensex down 64 points to close at 19,856

The Sensex at the Bombay Stock Exchange declined 64 points, or 0.3 percent, to 19,856, today, ahead of the expiry of the monthly derivatives contracts, and amid weak Asian markets. The Nifty at the National Stock Exchange fell 19 points, or 0.3 percent, to 5,874.Stock markets in Japan, China, South ...

Govt working to raise textile exports to $100bn in 5 years: Min KS Rao

Union Textile Minister Kavuru Sambasiva Rao has said that government is taking steps to increase textile exports to 100 billion dollars in five years. He was speaking to reporters after attending a function organized by Powerloom Development and Export Promotion Council in Erode Tamil Nadu today. He...

Rupee gains 12 paise to 62.63 against Dollar

Recovering from initial weakness, the rupee had gained 12 paise, to 62.63 against the dollar in the late morning trade, today, on fresh selling of the US currency by banks. Earlier, in opening deals at the Interbank Foreign Exchange Market, the rupee had dropped to 62.76 per dollar, compared to yest...

Sensex loses over 200 points in afternoon trade

The Sensex at the Bombay Stock Exchange failed to maintain its initial gains, and had declined 219 points to 19,701 in afternoon trade, a short while ago. The Sensex fell on profit-booking by investors ahead of the expiry of the monthly derivatives contracts, and amid weak global markets. But earlie...

Sensex down by 220 points in late morning deals<br/>

The BSE benchmark Sensex succumbed to profit-booking in late morning trade and was down 220 points to 19,719 points ahead of the expiry of futures and options September contract tomorrow, amidst lower global cues.The National Stock Exchange index Nifty was also down by 63 points to 5,829.

Sensex gains over 58 points; Rupee down 10 paise at 62.85 vs Dollar

The BSE benchmark Sensex rose over 58 points in early trade today on selective buying by funds amid a mixed trend on other Asian bourses. The National Stock Exchange index Nifty also gained 14 to 5,907.The rupee today further lost 10 paise to 62 rupees 85 paise against the dollar in early trade due ...

The Bombay Bullion Association, the apex body of all bullion and jewellery associations in India, on Tuesday said it would host the first-ever India International Bullion Summit, IIBS in Mumbai on October 5th. BBA President Mohit Kamboj said in a release that IIBS is likely to see participation of m...

RBI relaxes trade credit norms for raising funds from abroad

Reserve Bank of India has relaxed trade credit norms to raise funds from abroad. In a notification, RBI said yesterday that all types of companies can avail trade credit facility now from overseas for import of capital goods. The central bank said that on a review, it has been decided to allow compa...