Rupee gains 15p at 55.43 against US dollar

The rupee gained 15 paise to 55 rupees 43 paise against the US dollar in early trade today as the American currency weakened against euro overseas.Dollar selling by exporters and banks amid a higher opening in the domestic equity market also supported therupee.Euro rose against the American currency...

Sensex up 55pts; trading at 17,199

The BSE benchmark Sensex rose by over 55 points in early trade today.The 30-share barometer, which had climbed almost 505 points in the previous two sessions, rose by another 55.26points, or 0.32 per cent, to 17,199.The wide-based National Stock Exchange index Nifty also moved up by 15.05 points, or...

Arab world crude oil export earnings peak in 2011

Persisting inflation and slow growth major challenges for monetary policy: RBI

The Reserve Bank of India has said that persistence of inflation and slow growth have emerged as major challenges for the monetary policy. In a report on macro economic and monetary developments, the RBI has said that there are increased risks on inflation scenario and lack of action on the fiscal f...

Allahabad Bank posts profit of Rs.514 cr during first quarter of present fiscal

The Nationalized Allahabad Bank has posted a net profit of 514 crore rupees during the first quarter of the present fiscal. Announcing the quartly results the Chairman and Managing Director of the bank Mr. J P Dua said in Kolkata today that the profit showed a growth of 23 percent comparing to the c...

RBI: Persistence of inflation, slow growth major challenge for monetary policy

The Reserve Bank of India has said that persistence of inflation and slow growth have emerged as a major challenge for the monetary policy.In a report on macroeconomic and monetary developments, the RBI has said that there are increased risks on inflation scenario and lack of action on the fiscal fr...

Gold ends unchanged

Gold ended unchanged at 30,300 rupees per ten grams, at Delhi's bullion market, today, on restricted buying activity. Silver also remained flat at 53,000 rupees per kilo.

Sensex surges 304 pts to close at 17,144

Sensex surges 304 pts to close at 17,144

The Sensex at the Bombay Stock Exchange surged 304 points, or 1.8 percent, to cross above 17,000 mark, at 17,144, today. The Nifty of the National Stock Exchange shot up 100 points, or 2 percent, to 5,200.

Oil prices mixed in Asia

Oil prices were mixed in Asian trade today as investors await further measures by policymakers to boost the ailing euro zone and US economy.New York's main contract, light sweet crude for September delivery eased 13 cents to 90 dollars a barrel while Brent North Sea crude, also for delivery...