RBI Governor rules out repeat of '91 economic crisis

Ruling out a repeat of 1991 crisis situation in 2012, RBI Governor D Subbarao said the current economic situation is different from what it was two decades ago. He said unlike 1991, the rupee's exchange rate is market determined which is our greatest strength. India now has a 280 billion US...

Sensex declines 203 pts to close at 16,678

Snapping two days of gains, the Sensex at the Bombay Stock Exchange declined 203 points, or 1.2 percent, to 16,678, today. The Nifty at the National Stock Exchange lost 67 points, or 1.3 percent, to 5,055.

Sensex loses over 70 pts in noon trade

The Sensex at the Bombay Stock Exchange fell 36 points to 16,845 in early trade, today, as funds and retail investors booked profits after recent gains, and amid weakness on the other Asian bourses. Later, the Sensex lost some more ground, and stood 73 points, or 0.4 percent in the red, at 16,807 in...

Sensex down by 113 pts in noon trade

The Sensex at the Bombay Stock Exchange was trading 113 points in negative territory at 16,767 in afternoon trade, a short while ago. Earlier, the 30-share index had opened 36 points in the red. The Sensex had gained 212 points in the past two trading sessions.The Nifty at the National Stock Exchang...

OPEC Oil Ministers meet in Vienna today

Rupee declines 9 paise against dollar

The rupee depreciated 9 paise to 55.77 rupees against the dollar in early trade on the Interbank Foreign Exchange on stronger dollar against euro overseas and increased demand for the American currency from importers. The rupee had ended higher by 12 paise at 55.68 rupees against the dollar in the p...

Sensex falls by nearly 36 pts in early trade

Snapping a two-day rising streak, the BSE benchmark index Sensex fell by nearly 36 points to 16,845 in early trade today, as funds and retail investors booked profits at prevailing levels amid fears of a rise in inflation. In addition, weakening trend on the other Asian Bourses also dampened the tra...

Delhi Govt starts mega drive to avoid city's waterlogging

Delhi government has started a mega drive to avoid city's waterlogging problem during the monsoon. Informing this in New Delhi, Public Works Department Minister, Raj Kumar Chauhan said under the drive over 1200 kilometer of drains will be desilted before June this year. He said, all desilti...

RBI asks banks to improve IT governance structures <br/>

The Reserve Bank of India, RBI has asked banks to speed up its process of setting up IT and IS governance systems. In a notification issued on Wednesday, RBI has asked banks to improve their IT governance structures and evolve well defined Information Security frameworks. These systems will be usefu...

Rupee down 10 paise against US dollar

The rupee was down 10 paise at 55 rupee 90 paise against US dollar , failing to maintain its initial gains, following the fresh demand for the American currency from banks and its firming in the overseas market.The rupee had resumed higher at 55 rupee 75 paise per dollar in its opening session.