Rupee falls to 56.21 against dollar

The rupee depreciated by 21 paise to 56.21 rupees against the dollar at the Interbank Foreign Exchange market in early trade, following strong demand for the American currency from importers amid concerns over deepening eurozone crisis. The rupee had lost 61 paise to close at 56 after touching a new...

Sensex surges over 84 pts in early trade

The BSE benchmark Sensex gained over 84 points in early trade today.The 30-share barometer, which had lost 235 points in the last two trading sessions, recovered by 84.29 points, or 0.53 per cent, to 16,032.39.The wide-based National Stock Exchange index Nifty also moved up by 18.95 points, or 0.39 ...

Rupee drops to a record closing low of 56 per US dollar

At the inter-bank foreign exchange market, the rupee dropped 61 paise, to a record closing low of 56 to the dollar. During the session, the rupee had hit a life-time intra-day low of 56.22 against the US currency.

Sensex ends below 16000

TAPI gas pipeline agreement signed

India and its new energy partners, Turkmenistan-Afghanistan-Pakistan on Wednesday signed agreements that will pave way for laying of the 1,680-km line gas pipeline TAPI.The 1,680-km TAPI pipeline will have a capacity to carry 90 million cubic metres gas a day for a 30-year period and will be operati...

Indian economy is resilient enough to overcome challenges: Pranab<br/>

Amid declining value of rupee and rising inflation, Finance Minister Pranab Mukherjee today said Indian economy is resilient enough to overcome challenges.He said the government will make efforts to moderate the rate of price rise and reduce current account deficit (CAD).The minister said this while...

Rupee touches new low, breaches 56- mark against dollar

Continuing its relentless fall, the rupee touched a new low against the dollar, as it breached the 56-mark against the US currency in afternoon trade, at the foreign exchange market, today. The rupee fell on persistent dollar demand from banks and importers, amid a weak domestic stock market. Earlie...

Sensex falls 136 pts in noon trade

The Sensex at the Bombay Stock Exchange lost over 84 points in early trade today, lost ground further in late morning deals and was trading 136 points in the negative territory at 15,891. After losing 157 points in yesterday&apos;s trade, the 30-share barometer fell further by 84 points in early...

Oil prices edges lower in Asian trade

Oil prices edged lower in Asian trade today. New York&apos;s main contract crude for delivery in July, was down 60 cents at 91.25 dollar per barrel.Brent North Sea crude for July shed 62 cents to 107.79 dollar in morning trade.

Rupee down to 55.86 against dollar

The rupee depreciated by 47 paise to 55.86 rupees against the dollar in early trade today due to increased capital outflows amid a strong demand for the American currency by importers. The rupee had plunged to an all-time low of 55.39 rupees yesterday.