Rupee sheds gains; still trading 21p up at 52.43 against dollar

The rupee shed some of its earlygains but was still up by 21 paise at 52.43 against the American Currency during noon trading on renewed selling of dollar by banks and exporters. During early trade today the rupee appreciated by 40 paise to 52.24 against the US dollar but lost few initial gains. The...

IMF lowers India's and global economic outlook ahead of WB meet <br/>

The International Monetary Fund has lowered India&apos;s economic growth forecast by 1 per cent to 5-6 per cent for 2012-13.The IMF in its latest World Economic Outlook report said,downgrade reflects both an expectation that current drags on business sentiment and investment will persist and awe...

IMF lowers India's and global economic outlook ahead of WB meet <br/>

The International Monetary Fund has lowered India&apos;s economic growth forecast by 1 per cent to 5-6 per cent for 2012-13.The IMF in its latest World Economic Outlook report said,downgrade reflects both an expectation that current drags on business sentiment and investment will persist and awe...

Global economic recovery weakening as govts fail to restore confidence : IMF

The International Monetary Fund, IMF, has said that the global economic recovery is weakening as government policies have failed to restore confidence. It added that the risk of further deterioration in the economic outlook was considerable and had increased. The IMF downgraded its estimate for glob...

Rupee appreciates 40p to 52.24 against dollar

The rupee today appreciated by 40 paise to 52.24 against the US dollar in early trade.The rupee had witnessed its second biggest fall of 79paise in 2012 to close at one-week low of 52.64 yesterday in line with sluggish stock market amid the US currencystrengthening in the overseas market.

Sensex recovers over 150pts ; trading at 18,860

The BSE benchmark Sensex recovered byover 150 points in early trade today,The 30-share barometer, which has lost nearly 350 points in the past two sessions, rose by 150.80 points, or 0.81 per cent, to 18,860.Similarly, the wide-based National Stock Exchange index Nifty moved up by 48.80 points, or 0...

Oil cos cut petro prices by 56p

The Indian Oil Corporation and oil marketing companies have cut petrol prices by 56 paise per litre effective from midnight last night. The Country&apos;s three state-run fuel retailers - IOC, Bharat Petroleum Corporation and Hindustan Petroleum Corporation tend to move their prices together. Ac...

Commerce Minister Sharma says more reforms ahead

Indicating more reforms, Commerce and Industry Minister Anand Sharma has asserted that the government will keep taking decisions such as foreign direct investment, FDI in retail in national interest. In an interview with Rajya Sabha TV, Anand Sharma said the government had held enough consultations ...

Global economic recovery weakening as govts fail to restore confidence : IMF

The International Monetary Fund, IMF, has said that the global economic recovery is weakening as government policies have failed to restore confidence. It added that the risk of further deterioration in the economic outlook was considerable and had increased. The IMF downgraded its estimate for glob...

Sensex down 229 pts to close at 18,709