Crude trades lower amid rising US stockpiles

Rupee trims initial losses but still down 22 paise against dollar

The rupee trimmed its initial losses today but still it quoted down by 22 paise to 54.47 per dollar. In the early trade, it lost 32 paise against the dollar due to appreciation of the US currency. However, it recovered slightly due to some selling by exporters to quote 54.47 per dollar.

Rupee loses 32 paise against US dollar

The rupee today lost 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas. The rupee had lost nine paise to close at one-week low level of 54.25 against the dollar due to sustained demand...

Sensex gains 28 points in early trade on fund buying

The BSE benchmark Sensex today gained 28 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend on other Asian Bourses. The 30-share barometer, up by 28 points to 19,967, led consumer durables, auto and realty sector stocks. The index had l...

Japanese currency dips below 100 yen mark against US dollar

The Japanese currency has dipped below the 100 yen mark against the US dollar for the first time since April 2009. It broke the threshold in New York yesterday and was trading close to 100.8 yen to a US dollar in Asia today. The yen has dipped nearly 25 per cent against the US dollar since November,...

Inter-ministerial Group approves 10% equity sale in Coal India

An Inter-ministerial Group, IMG, has approved 10 per cent equity sale in Coal India which is expected to fetch over 17,000 crore rupees to the government. The government holds 90 per cent stake in Coal India Ltd, CIL at present. The IMG, headed by Disinvestment Secretary Ravi Mathur, is guiding the ...

RBI to inject liquidity through Open Market Operations

Reserve Bank of India today said it will inject liquidity through Open Market Operations (OMOs) to deal with any shortage of cash in the system. RBI Governor D Subbarao told reporters at a press conference in Srinagar. He further said that RBI does not use foreign exchange to manage the liquidity si...

Sensex snaps 3-day gains; Slips by 51 points

Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 51 points, or 0.3 percent, to close at 19,939, on profit-booking by investors, today. During the session, the Sensex had again crossed the 20,000 mark. The Sensex had gained 415 points in the previous three trading sessio...

Former Chief Executive of Enron could be released from prison nearly earlier than expected

In the United States, the former Chief Executive of Enron could be released from prison nearly a decade earlier than expected. Jeffrey Skilling presided over Enron when it became embroiled in one of the biggest corporate frauds in US history. Skilling's 24-year sentence could come down to 1...

RBI to introduce plastic currency notes on a pilot basis

The Reserve Bank of India, RBI, will soon introduce plastic currency notes on a pilot basis.This was disclosed by RBI Governor D Subbarao during an interactive session with students of Business School of Kashmir University in Srinagar on Wednesday. He said, plastic note is environment-friendly becau...