Business

September 13, 2013 12:02 PM

Rupee quoting lower by 32 paise at 63.82 vs Dollar

The rupee recovered somewhat but was still quoting lower by 32 paise at 63 rupees 82 paise against the Greenback in late morning deals. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 63 rupees 75 paise a dollar from overnight close of 63 rupees 50 paise on dol...

September 13, 2013 11:44 AM

Sensex loses over 79 points; Nifty down 21 in early trade

The BSE benchmark Sensex today lostover 79 points in early trade on increased selling by funds and retail investors even as industrial production grew 2.6 per cent in July and retail inflation eased. The 30-share index fell by 79.67 points, or 0.40 per cent, to 19,702.21 in early trade with banking,...

September 13, 2013 11:27 AM

RBI appoints expert committee to review monetary policy framework

RBI has constituted an expert committee to examine its current monetary policy framework. An RBI release said that the committee will recommend measures to revise and strengthen the monetary policy framework, making it transparent and predictable. It will review the organisational structure, operati...

September 13, 2013 11:25 AM

Rupee loses 65 paise to quote at 64.15 vs Dollar

The rupee today fell by 65 paise to64.15 against the dollar in early trade, extending yesterday's weakness, at the Interbank Foreign Exchange market on fresh demand from importers for the US currency amid its strengthening overseas.The rupee had lost 12 paise to 63.50 against the dollar in ...

September 13, 2013 11:23 AM

<br/>Sensex loses over 79 points; Nifty down 21 in early trade

The BSE benchmark Sensex today lostover 79 points in early trade on increased selling by funds and retail investors even as industrial production grew 2.6 per cent in July and retail inflation eased. The 30-share index fell by 79.67 points, or 0.40 per cent, to 19,702.21 in early trade with banking,...

September 13, 2013 10:11 AM

Pak economic growth coud dip further: IMF

The International Monetary Fund has warned Pakistan that its economic growth could be worse than expected next year due to strict austerity measures built into a 6.7 billion dollar rescue loan. Pakistan is in the grip of its worst energy crisis in modern history which causes power outages up to 20 h...

September 13, 2013 10:10 AM

Myanmar reaches deal with Malaysia on migrant workers

Myanmar has reached an agreement with Malaysia on the repatriation of hundreds of migrant workers who are facing a crackdown by Kuala Lumpur. After returning to the capital, Yangon yesterday, Myanmar Labour Minister told reporters that both sides have agreed that all citizens of Myanmar can return h...

September 13, 2013 10:09 AM

RBI to create credit data repository

In order to deal with credit risks, RBI has decided to create a central repository on large credits. In a notification issued from Mumbai, RBI has said that the repository will have data about borrowers, individuals as well as entities that have an exposure of more than 10 crore rupees. RBI has adde...

September 13, 2013 9:42 AM

Austerity measures with bailout could see Pak economic growth dip warns IMF

The International Monetary Fund has warned Pakistan that its economic growth could be worse than expected next year due to strict austerity measures built into a 6.7 billion dollar rescue loan. Pakistan is in the grip of its worst energy crisis in modern history which causes power outages up to 20 h...

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