Rupee hits fresh low against dollar, Govt hopes rupee to stabilize in next four days

At the interbank foreign exchange market, the rupee extended its losses for the fifth straight day, weakening 24 paise, to an all time closing low of 58.39 to the dollar. Earlier in the day, in a roller coaster session, the rupee had hit a life-time low of 58.98 against the dollar, on bearish stock ...

Rupee down 24 paise to 58.39 against dollar

At the interbank foreign exchange market, the rupee extended its losses for the fifth straight day, weakening 24 paise, to an all time closing low of 58.39 to the dollar. Earlier in the day, in a roller coaster session, the rupee had hit a life-time low of 58.98 against the dollar, on bearish stock ...

Rupee down 24 paise to 58.39 against dollar

At the interbank foreign exchange market, the rupee extended its losses for the fifth straight day, weakening 24 paise, to an all time closing low of 58.39 to the dollar. Earlier in the day, in a roller coaster session, the rupee had hit a life-time low of 58.98 against the dollar, on bearish stock ...

Automechanica -2013 starts at World Trade Center in Dubai

Sensex down 298 pts to close at 19,143

The Sensex at the Bombay Stock Exchange plunged 298 points, or 1.5 percent, to close at a nearly two-month low of 19,143, as the rupee hit a fresh low against the dollar, and as global markets lost ground, today. The Nifty at the National Stock Exchange dropped 89 points, or 1.5 percent, to 5,789.St...

Govt hopes rupee to stabilize in next 4 days

The government hopes the rupee, which has touched a record low of 58.96 to dollar, will stabilize in the next four days withthe expected inflow of large foreign funds. Talking to reporters in New Delhi, Secretary, Economic Affairs Mayaram said in the coming days, foreign institutional investors woul...

Govt: Demand for foreign exchange to buy gold declines due to measures taken to curb import

The government today said the demand for foreign exchange to buy gold has come down significantly due to various measures taken to curb its import. Economic Affairs Secretary Arvind Mayaram told reporters in New Delhi that foreign exchange for purchase of gold has considerably decreased in the last ...

Sensex down 298 pts to close at 19,143

The Sensex at the Bombay Stock Exchange declined 298 points, or 1.5 percent, to close at 19,143, as the rupee hit a fresh low against the dollar, and as global markets lost ground, today. The Nifty at the National Stock Exchange declined 89 points, or 1.5 percent, to 5,789.

Rupee falls by another 74 paise to hit new low of 58.90 vs dollar

Rupee today fell by 74 paise to hit a new all-time low of 58 rupee 90 paise in the late morning trade on persistent dollar demand from importers and banks as well as heavy capital outflows amid weak local equities.Earlier rupee resumed lower at 58 rupees 35 paise against the dollar as against the la...

FEEs from Tourism increase by over 9% in May '13

Foreign Exchange Earnings, FEEs, from tourism increased by more than nine percent in May this year. FEEs during the month were 6,089 crore rupees as against 5,562 crore rupees in May 2012.A Tourism Ministry release said Foreign Tourist Arrivals, FTAs, also went up by more than 3.2 percent during the...