<br/>Rupee opens high in early trade;up 27 paise at 54.67 against dollar

The rupee today rose by 27 paise to54.67 against the dollar at the Interbank Foreign Exchangemarket. The rise in the Indian currency is attributed to selling of the US currency by exporters and banks.Forex dealers said a higher opening in the domestic equitymarket and strengthening of euro against t...

Sensex extends gains;rises over 128 points in early trade

The BSE benchmark Sensex today rose byover 128 points in early trade. The rise extending gains for the secondstraight session on sustained buying by funds amid a firm trend in other Asian bourses.The 30-share index, which had gained 265 points yesterday, rose further by 0.67 per cent, to 19,272 poin...

Oil prices lower in Asian trade

Oil prices were lower in Asian trade today after OPEC kept its output ceiling unchanged and voiced concerns over weak global economic growth dragging crude demand.New York&apos;s main contract, West Texas Intermediate light sweet crude for delivery in July, was down 19 cents to 91.78 dollars a b...

Robert Mundell calls for new global currency

Renowned economist and Nobel laureate Robert Mundell has called for a new global currency in place of US Dollar. He has suggested that the new currency system should be a new international basket of major world currencies including the US dollar, the Euro, the Chinese Yuan, the Japanese Yen and the ...

Petrol dearer by 75 paise per litre, diesel 50 paise

Petrol price has been hiked by 75 paise a litre and diesel 50 paise per litre. Indian Oil Corporation in a statement said that petrol now costs 63 rupees and 99 paise per litre in Delhi, 71 rupees and 29 paise in Kolkata, 70 rupees and 68 paise in Mumbai and 66 rupees and 85 paise in Chennai.The new...

EU reassures Bangladesh of continued support in trade & development sectors

The European Union has reassured Bangladesh of its continued support in the trade and development sectors. According to the Bangladesh Ministry of Foreign Affairs, this was stated by the EU High Representative for Foreign Affairs and Security Policy Catherine Ashton while meeting Bangladesh Foreign ...

Infosys appoints Narayana Murthy as Executive Chairman

In a major top management re-shuffle, Infosys today appointed Mr. N R Narayana Murthy as executive chairman of the Board. He would serve as board chairman for 5 years. The Board has taken this step keeping in mind the challenges that the technology industry and the company faces in the present day. ...

OPEC oil ministers keep crude output target at 30 million barrels a day

Sensex nose-dives 455 pts, biggest single-day fall in 15 months

Sensex down 455 pts to close below 20000-mark