Business

November 11, 2011 10:12 AM

Rupee depreciates by 3 paise to 30-month low

The Indian rupee fell by 3 paise to a 30-month low of Rs 50.20 per US dollar in early trade. The domestic currency had tumbled by 70 paise to Rs 50.18 per dollar in the previous session. Heavy dollar demand from importers, mainly oil refiners, and some banks weighed on the rupee's fortunes.

November 11, 2011 10:11 AM

Sensex plummets by 195 pts in opening trade

The BSE benchmark Sensex lost nearly 195 points in opening trade today, The 30-share index, which had lost 207.43 points in the previous session, fell further by 194.19 points, or 1.11 per cent, to 17,167.91 as soon as the trading session commenced this morning.In a similar fashion, the wide-based N...

November 11, 2011 10:06 AM

S&P upgrades Indian banking sector

Leading ratings agency Standard & Poor's (S&P) has upgraded the Indian banking sector saying its domestic regulations are in line with international standards.The S&P said that in their view, the banking regulations in India are in line with international standards a...

November 10, 2011 8:53 PM

S&P differs with Moody's, upgrades Indian Banking sector

Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's (S&P) has upgraded the Indian banking sector saying its domestic regulations are in line with international standards. The S&P said that in their view, the banking reg...

November 10, 2011 2:40 PM

Bankers criticise Moody's downgrading of Indian Banking sector

"Indian banking system is not at risk. The downgrade is not justified at this point of time because it is premature," HDFC Chairman Deepak Parekh told reporters in Mumbai.He was responding to the decision of the US based ratings firm Moody's to lower the outlook of the Ind...

November 10, 2011 1:07 PM

Asian markets decline

Asian stock markets opened sharply lower today after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.8%, South Korea's Kospi shed 3.7% while Hong Kong's Hang Seng dropped 4.4%.The falls in Asian markets fo...

November 10, 2011 1:06 PM

Crude falls in Asian trade

Oil prices inched lower in Asian trade today as persistent doubts over the Euro-zone's debt crisis cast a pall over crude markets.New York's main contract, light sweet crude for December delivery, fell five cents to 95.69 dollar a barrel. Brent North Sea crude for delivery in Decem...

November 9, 2011 5:09 PM

Gold hits an all time high; reaches 29,140

Gold gained 200 rupees, to hit an all-time high of 29,140 rupees per ten grams at Delhi's bullion market, today, on marriage season demand, and as the precious metal rallied in the overseas markets. Silver coins shot up 2,500 rupees, to a record high of 68,000 rupees for buying 100 pieces. ...

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