Rupee gains 21 paise to 52.75 against US$

The Indian rupee rose by 21 paise to 52 rupees 75 paise against the US dollar in early trade today.The rise was due to fresh selling of the American currency by banks and exporters, amid hopes of a resumption of foreign capital inflows in light of a rising trend in the equity market. The domestic cu...

Sensex up by 190 pts at 15929 in afternoon trade

The BSE benchmark Sensex, which gained over 90 points in opening trade, stood at 190 points in the positive territory at 15,929 in afternoon deals, a short while ago.The 30-share Sensex rose by 90 points, or 0.57 per cent, to 15,829 in opening trade, on the back of selective buying in blue-chips ami...

Rupee up by 10 paise against dollar

Sensex gains over 90 points in opening trade

The BSE benchmark Sensex gained over 90 points in opening trade today on the back of selective buying in blue-chips amid covering up of pending short positions by speculators. The 30-share Sensex, which lost 75 points in the previous session on Friday, rose by 90 points, or 0.57 per cent, to 15,829 ...

China & Japan to promote direct exchange of their currencies

China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut costs for companies and boost bilateral trade. The deal will allow firms to convert the Chinese and Japanese currencies directly into each other. Currently businesses in both countries need to buy US d...

United Nations cut budget amid global downturn

The 193 UN member countries, after a series of negotiations, have agreed to cut the global body's budget only for the second time in the past 50 years. An accord struck yesterday saw the 2012-13 budget set at 5.15 billion dollar, down from 5.41 billion dollar in 2010-11. The United States a...

Brazil fines US oil company $5 million for oil spill

Brazil's environment agency has fined the American oil company Chevron more than five million dollars for breach of its environment license when it tackled an oil spill in November. The agency Ibama said Chevron lacked the necessary equipment and was slow to respond fully. The Agency has al...

Oil PSUs put price-built info on website

Sensex falls 75 points to close at 15,739

Snapping two days of gains, the Sensex at the Bombay Stock Exchange fell 75 points, or 0.5 percent, to 15,739, on profit-booking by investors on Friday.The Nifty at the National Stock Exchange dropped 20 points, or 0.4 percent, to 4,714.But stock markets in China , Hong Kong , Singapore and South Ko...

Rupee falls by 24 paise against US dollar

The rupee fell for the second day on Friday depreciating by 24 paise to end at 52.97 against dollar on sustained demand for the US currency from importers and some banks amidst weakness in local equity markets. The rupee had fallen by 22 paise yesterday.