Centre decides to constitute Task Force on Currency Swap Arrangements

Govt will endeavour to improve investors sentiment: FM

Finance Minister P. Chidambaram has said that the Rupee is undervalued and the government will endeavour to improve investors sentiment to help it find its appropriate level. He told the Rajya Sabha during Question Hour yesterday that value of the rupee has overshot its true value and it will find i...

RBI pitches for stringent entry norms for new banks

<br/>Centre decides to constitute Task Force on Currency Swap Arrangements

Rupee weakens 194 paise, ends at lifetime low of 66.24 against dollar

At the interbank foreign exchange market, the rupee dropped 194 paise--its biggest ever single-day fall--to a lifetime closing low of 66.24 against the dollar, today. During the session, the rupee had fallen to an all-time intra-day low of 66.30 to the dollar. The rupee fell amid weak local equities...

Rupee ends at all time low of 66.24 against dollar<br/>

At the interbank foreign exchange market, the rupee dropped 194 paise--its biggest ever single-day fall--to a lifetime closing low of 66.24 against the dollar, today. During the session, the rupee had fallen to an all-time intra-day low of 66.30 to the dollar. The rupee fell amid weak local equities...

Need currency swap arrangements with important trading partners: Anand Sharma

Commerce and Industry Minister Anand Sharma today said India needs to seriously look at currency swap arrangements with important trading partners with a view to stabilise the rupee. Speaking at the Board of Trade meeting in New Delhi, Mr. Sharma asked for the suggestions from the Industry and banke...

Gold hits nine-month high of Rs 32,000 in Delhi<br/>

Gold surged 500 rupees, to a nine-month high of 32,000 rupees per ten grams at Delhi&apos;s bullion market, today, on increased buying by stockists as the rupee plunged to a historic intra-day low, and amid positive global cues. Silver rose 800 rupees, to 54,800 rupees per kilo, on increased off...

Need currency swap arrangements with important trading partners: Anand Sharma<br/>

Commerce and Industry Minister Anand Sharma today said India needs to &quot;seriously&quot; look at currency swap arrangements with important trading partners with a view to stabilise the rupee. Speaking at the Board of Trade meeting in New Delhi, Mr. Sharma asked for the suggestions from th...

Sensex down by 590 pts, closes below 18k

Snapping three days of gains, the Sensex at the Bombay Stock Exchange plummeted 590 points, or 3.2 percent, to close below the 18,000 mark, at 17,968, today, as the rupee hit a new all-time intra-day low against the dollar, and as global markets lost ground. The Nifty at the National Stock Exchange ...