Business

November 12, 2012 9:05 PM

Rupee ends at 2-month low

At the interbank foreign exchange market, the rupee fell to its lowest in nearly two months against the dollar, depreciating 37 paise, to 55.12 to the US currency, in intra-day trade, today. The rupee fell after data showed a record trade deficit and a contraction in industrial output. The rupee had...

November 12, 2012 7:26 PM

Indian industry disappointed over poor IIP shows

Indian Industry today Expressing disappointment over poor show by industrial production in September. Indian Industry pressed for rate cut by the RBI to boost production and further revive the economic growth.Industry chamber CII said the Reserve Bank should intervene and cut interest rates. The RBI...

November 12, 2012 5:31 PM

IIP declines by 0.4% in Sept

The industrial production declined by 0.4 per cent in September. Growth in overall factory output, as measured by the Index of Industrial Production (IIP), was 2.5 per cent in September last year.According to the official data released today, Industrial output in the April-September period this fisc...

November 12, 2012 5:27 PM

Gold sizzles amid firm global trend

Gold gained 360 rupees to 32,485 rupees per 10 grams in the delhi bullion market today, while silver rose by Rs 600 to Rs 62,100 per kg on sustained buying for the auspicious occasion of Diwali amid a firm global trend. Gold has gained Rs 1,175 in last six trading days.

November 12, 2012 5:27 PM

Sensex closes 13 points down

Falling for the third straight session, the Sensex at the Bombay Stock Exchange dropped a marginal 13 points, or 0.1 percent, to 18,670, today. The Sensex had lost almost 220 points in the previous two trading sessions. The Nifty at the National Stock Exchange fell 3 points, to 5,684.Stock markets i...

November 12, 2012 2:05 PM

Sensex drops 46 pts in noon trade

Erasing all its initial gains, the Sensex at the Bombay Stock Exchange had dropped 46 points, or 0.2 percent, to 18,638, in afternoon trade, a short while ago.But earlier in the morning, the Sensex had opened 44 points, or 0.2 per cent higher, at 18,727, on mild buying interest by investors, amid mi...

November 12, 2012 12:04 PM

Sensex up 4 pts in noon trade

After gaining 44 points in early trade today, the BSE benchmark Sensex was trading 4 points in green at 18,688 a short while ago. The 30-share barometer had lost 219 points in the previous two trading days.The NIFTY at the National Stock Exchange, was up by 6 points to 5,692.

November 12, 2012 11:57 AM

Rupee surges 4 paise against dollar in late morning trade

The rupee failed to maintain earlier gains but was still higher by 4 paise at 54 rupee, 71 paise against dollar in late morning trade today on uneven demand and supply of the American currency from banks, despite strong dollar overseas.The rupee resumed higher at 54 rupees 68 paise per dollar agains...

November 12, 2012 10:26 AM

Crude down in Asia today

Crude sank in Asia today after Greek lawmakers approved a new austerity budget to secure the release of foreign aid. New York's main contract, light sweet crude for delivery in December, fell five cents to 86.02 dollars a barrel and Brent North Sea crude for December delivery shed 34 cents ...

November 12, 2012 10:04 AM

Rupee surges 11 paise against dollar

The rupee today appreciated by 11 paise to 54 rupees 64 paise against the US dollar in early trade, aided by selling of the American currency by exporters and banks. The rupee had plunged by 39 paise to close at a two-month low of 54 rupees 75 paise in the previous session on Friday's trade...

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