Business

February 2, 2012 10:09 AM

Rupee up 22 paise against dollar

The rupee today appreciated by 22 paise to trade at a fresh three-month high of 49.05 rupees a dollar on the Interbank Foreign Exchange today. It closed at 49.27 rupees per US dollar in the previous session yesterday. Dealers said increased foreign capital inflows and dollar's loss against ...

February 2, 2012 10:04 AM

Sensex rises 172 pts in early trade

The Bombay Stocks exchange benchmark Sensex rose by nearly 172 points to 17,472 in early trade today. It was trading at 17,457, up by 156 points up a short while ago. The rise in Sensex is on the back of buying by funds and retail investors. It is also driven by encouraging quarterly earnings by cor...

February 1, 2012 5:53 PM

Sensex closes at 107 points

Reversing early losses, the Sensex at the Bombay Stock Exchange closed 107 points, or 0.6 percent higher, at 17,301, on continued buying by investors, amid firm European markets, today. The Nifty at the National Stock Exchange rose 36 points, or 0.7 percent, to 5,236. Stock markets in Japan, China, ...

February 1, 2012 4:45 PM

Fiscal deficit may be about 5.6% in FY'12

Fiscal deficit during the current financial year could overshoot the target by 1 per cent to around 5.6 per cent of the GDP. Prime Minister's Economic Advisory panel member M Govinda Rao said, it will be difficult for the government to bring it down to 4.1 per cent. Last month, Chief Econom...

February 1, 2012 1:04 PM

Sensex down 78 pts in afternoon trade

The BSE benchmark Sensex was trading down 78 points at 17,114 a short while ago. Earlier in the Wednesday morning, the Sensex has fallen 55 points.In a similar fashion, the wide-based National Stock Exchange index Nifty which declined 21 points in the opening session was trading 16 points down at 5,...

February 1, 2012 12:35 PM

Oil prices higher in Asian trade

Oil prices edged higher in Asian trade today amid concerns over a supply disruption in West Asia and Africa. New York's main contract crude for delivery in March, gained 18 cents to 99.66 dollar a barrel in morning trade. Brent North Sea crude also for March delivery was up 44 cents to 111....

February 1, 2012 12:24 PM

Sensex down 42 pts

The BSE benchmark index Sensex which fell 55 points in early trade today was trading 42 points down at 17,150 a short while ago. In a similar fashion, the wide-based National Stock Exchange index Nifty which declined 21 points in the opening session was trading 16 points down at 5,184 a short while ...

February 1, 2012 12:17 PM

All private sector banks eligible to handle govt business: RBI

Reserve Bank of India has said that all private sector banks will now be considered eligible to handle any Central or State Government at par with public sector banks. Till now, only three private banks, namely ICICI Bank Ltd, HDFC Bank Ltd and Axis Bank Ltd were appointed by RBI as its agents to ca...

February 1, 2012 10:14 AM

Rupee down 18 paise against dollar

The rupee weakened by 18 paise to Rs 49.64 per dollar in early trade. The rupee had closed 33 paise higher at Rs 49.47 per US dollar yesterday in line with sharp rebound in equities amid fresh dollar selling by exporters and some banks.

February 1, 2012 10:14 AM

Sensex falls 55 points in early trade

The BSE benchmark index Sensex fell by 55 points in early trade today as investors booked profits after recent gains. The 30-share barometer, which rallied by 330 points in the previous session, moved down by 54, or 0.32 per cent, to 17,138 points in early trade today.In a similar fashion, the wide-...

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