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July 3, 2012 8:07 PM
At the Interbank Foreign Exchange market, the rupee strengthened by a massive 105 paise, or 1.9 percent, to close at a nearly six-week high of 54.38 against the dollar, on Tuesday.This is its fourth largest gain in absolute terms in the last decade.The rupee rose on increased capital inflows, and of...
July 3, 2012 8:07 PM
Brent crude oil futures crossed 98 dollars a barrel, while US crude rose 88 cents, to 84.63 dollars a barrel.
July 3, 2012 8:06 PM
Gold declined 140 rupees, to 30,060 rupees per ten grams in Delhi. But silver climbed 175 rupees, to 53,300 rupees per kilo.
July 3, 2012 7:01 PM
In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account. SBI said in an advertisement that the bank will not levy any charge for breaching minimum balance criteria. It said that the facility is available to existing customers ...
July 3, 2012 5:57 PM
The government has procured a record 37 .85 million metric tonnes of wheat in the current marketing season so far, which has surpassed the target of 32 million metric tonnes.Due to bumper production of wheat in the country, the procurement has risen by 36 per cent as compare to the procurement of wh...
July 3, 2012 5:56 PM
The Competition Commission of India, CCI, has slapped a penalty of more than eight crore rupees on multi system operators group - Fast Way - for violating the provisions of the Competition Act, 2002.According an official release, CCI has found the group abusing its dominance in the cable television ...
July 3, 2012 5:56 PM
Agriculture Minister Sharad Pawar on Tuesday made a strong case for expediting export of Skimmed Milk Power, SMP. Talking to reporters in New Delhi, Mr Pawar said that natural milk availability in the country is good.He said the country have SMP stock of one year. The country needs to clear the surp...
July 3, 2012 5:05 PM
The Sensex at the Bombay Stock Exchange ended with a small gain of 27 points, or 0.2 percent, at 17,426, on Tuesday.The Nifty at the National Stock Exchange rose 9 points, or 0.2 percent, to 5,288.Stock markets in Japan, China, Hong Kong, South Korea and Singapore rose between 0.1 percent and 1.5 pe...
July 3, 2012 2:20 PM
Barclays chief executive Bob Diamond has resigned with immediate effect. Mr Diamond said he was stepping down because the external pressure on Barclays risked damaging the franchise. The move follows the resignation of Chairman Marcus Agius yesterday; and comes less than a week after the bank was fi...
July 3, 2012 2:18 PM
The rupee gained a hefty 57 paise to move past the 55 level against the US dollar for the first time in nearly four weeks on sustained capital inflows amid government measures to revive the economy, and continued selling of the American currency by exporters. The local unit opened marginally higher ...
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Last Updated: 13th Jun 2026
