Global oil prices fall

Rupee depreciates to record low of 54 rupees 17 paise

The Indian rupee depreciated by 46 paise to a record low of 54 rupees 17 paise against the US dollar in early trade today. The domestic currency breached the 54 dollar-mark for the first time in history, on sustained foreign capital outflows and dollar gains against the euro and other rivals oversea...

Sensex falls by over 158 pts in early trade

The BSE benchmark Sensex fell by over 158 points in opening trade today. The 30-share index, which had lost 121 points in yesterday's trade, moved down further by 158 points, or 1 per cent, to 15,723 in the first few minutes of trade.In a similar fashion, the wide-based National Stock Excha...

Rupee touches all-time low against dollar

The rupee today touched a fresh all-time low of 53 rupees 71 paise against the dollar, amid continuing capital outflows and further appreciation of the US currency against its major rivals, particularly euro. After slipping to sub-53 level yesterday, the local currency further plunged to 53 rupees 5...

PM: Energy needs bound to increase in achieving 9% GDP growth

The Prime Minister today asserted that for achieving nine percent GDP growth in the 12th Five Year Plan, the energy needs of the country are bound to increase.Addressing a function in New Delhi today to mark the National Energy Conservation Day, he said since the country relies on imports for a larg...

Finance Minister Pranab Mukherjee says lack of external demand is the major reason behind the depleting condition of the Indian rupee in the international market and the government is taking effective measures to improve the condition.He said that India will be soon on the growth trajectory as the p...

Asian bourses fell, today, after the US Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved debt crisis. So Japan's Nikkei 225 index fell 0.4%; Hong Kong's Hang Seng lost 0.5%; China's Shang...

Gold becomes cheaper

Gold fell 100 rupees, to 28,940 rupees per ten grams at Delhi's bullion market, today, on selling by stockists, in tandem with a steep fall in precious metals in the global markets. Silver lost 200 rupees, to 55,800 rupees per kilo, on reduced off take by industrial units and jewelers.

Sensex takes cue from falling rupee, sheds 121 pts

The Sensex at the Bombay Stock Exchange dropped 121 points, or 0.8 percent, to again close below the 16,000 mark, at 15,881, today, amid a falling rupee, and weak global markets. The Nifty at the National Stock Exchange fell 37 points, or 0.8 percent, to 4,763. Stock markets in Japan, China, Hong Ko...

Inflation eases to 9.11% in November

Moderating prices of essential food items like onions, potatoes, and milk pulled down inflation to 9.11 per cent in November, this year. Inflation, as measured by the Wholesale Price Index, had stood at 9.73 per cent in October this year, and at 8.2 per cent in November last year.As per the data rel...