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May 16, 2012 5:46 PM
The Reserve Bank of India announced that India will offer Swap Arrangement of two billion dollars both in foreign currency and Indian currency. Speaking at the 24th SAARC, Finance Governors meeting in Pokhara on Wednesday, the Governor of RBI, Dr. D. Subbarao made this announcement and said the arra...
May 16, 2012 5:10 PM
The Sensex at the Bombay Stock exchange plunged 298 points, or 1.8 percent, to 16,030, on Wednesday, pulled down by a falling rupee and sliding global markets, amid growing euro zone worries. During the session, the Sensex had slipped below the key 16,000 level. The Nifty at the National Stock Excha...
May 16, 2012 1:32 PM
The Sensex at the Bombay Stock Exchange plunged 252 points, or 1.5 per cent, to 16,076 in the opening trade, today, on fresh selling by foreign funds and retail investors, amid rupee weakness, and in tandem with falling global markets. Later, the Sensex lost some more ground, to stand 334 points, or...
May 16, 2012 1:05 PM
The government has taken many measures to lower the transaction cost for Indian exports in a bid to make them more competitive in the global market. In a written reply in the Rajya Sabha today, Minister of State for Commerce and Industry Jyotiraditya Scindia informed that a task force on the transac...
May 16, 2012 12:14 PM
Oil prices fell in Asian trade today as investors are concerned over political uncertainty in the eurozone.New York's main contract crude for delivery in June was down 1.03 dollar to 92.95 dollar per barrel while Brent North Sea crude for June shed 87 cents to 111.37 dollar in morning trade...
May 16, 2012 11:54 AM
The BSE Sensex extended losses, falling over 300 points to near the 16,000 mark a short while ago. Sensex was down over 290 points at 16,034 in early trade while the broader Nifty index traded 84 points lower at 4,858.Investors were disappointed as the possibility of a new government dipped in Greec...
May 16, 2012 11:36 AM
The rupee today fell five-month low by losing 47 paise to 54.26 against the US dollar on the Interbank Foreign Exchange market in early trade on increased capital outflows amid strong demand for the American currency.The rupee had touched a record intra-day low of 54.32 on December 15, 2011. Forex d...
May 16, 2012 9:40 AM
The BSE benchmark Sensex fell sharplyby over 252 points in the opening trade today .The 30-share barometer, which gained nearly 112 points in the previous sessions, fell by 252.07 points, or 1.54 per cent, to 16,076.18.Similarly, the wide-based National Stock Exchange Nifty index slid by 75.05 point...
May 15, 2012 8:54 PM
State-owned oil companies slashed jet fuel prices by 273 rupees per kilolitre the third straight reduction in rates since April. The price of aviation turbine fuel, ATF in Delhi was reduced by 272 rupees 76 paise per kilo litre to 67,046 rupees 95 paise per kilo litre with effect from midnight tonig...
May 15, 2012 7:43 PM
Snapping five straight days of losses, the Sensex at the Bombay Stock exchange rose 112 points to 16,328, on renewed buying by funds, amid positive European markets, today. The Sensex had lost nearly 700 points in the previous five trading sessions. The Nifty at the National Stock Exchange rose 35 p...
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