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August 26, 2011 10:23 AM
Oil prices were mixed in Asian trade on Friday. In morning trade, New York's light sweet crude lost 10 cents to 85.20 dollars a barrel and Brent North Sea crude rose 19 cents to 110.81 dollars a barrel. Analysts said investors are awaiting for a key speech by US Federal Reserve chief Ben Be...
August 26, 2011 10:20 AM
The Indian rupee fell by 2 paise to Rs 46.06 per US dollar in opening trade on Friday. On Thursday, the rupee had closed below the Rs 46 per US dollar-mark for the first time in 11 months, losing 5 paise to Rs 46.04.
August 26, 2011 10:20 AM
The Bombay Stock Exchange benchmark Sensex lost nearly 24 points in opening trade on Friday. However, later it recovered its initial losses and was trading over 40 points up at 16,186 a short while ago. In the Asian region, Hong Kong's Hang Seng Index was down by 0.43 per cent, while Japan&...
August 25, 2011 8:50 PM
Food inflation rose by 0.77 percent point to 9.80 per cent for the week ended August 13. It was 9.03 per cent in the previous week. The rise in food inflation rate is on the back of dearer onions, potatoes, fruits and protein-based items.Data released by the government on Thursday shows that the pri...
August 25, 2011 8:36 PM
The Reserve Bank of India on Thursday said that Indian economy needs to brace up for a difficult year from a macroeconomic perspective. In its annual report for 2010-2011, RBI stated that with weak supply response, inflation remains an important macroeconomic challenge for the country.Stating that t...
August 25, 2011 6:43 PM
Falling for the second straight session, the Sensex at the Bombay Stock Exchange declined 139 points, or 0.9 percent, to 16,146 on Thursday, on rising food inflation and interest rate concerns.The Nifty at the National Stock Exchange fell 49 points, or 1 percent, to 4,840.But stock markets in Japan ...
August 25, 2011 5:10 PM
Telecom regulator TRAI has said that from first of October unwanted calls and SMS's will get stopped. TRAI Chairman J S Sarma said at a function in New Delhi that a new Telecom regulatory policy will come into force from October.Mr. Sarma asked leading telecom service providers, including B...
August 25, 2011 5:09 PM
The Finance Minister, Mr. Pranab Mukherjee has expressed concern over rising food inflation which is nearing double digits, up from 9.03 to 9.80 per cent. The Finance Minister, however, maintained that the weekly inflation figures are variant and an assessment should be made on the basis of a relati...
August 25, 2011 2:10 PM
Wiping out all its initial gains, the Sensex at the Bombay Stock Exchange stood 100 points, or 0.6 percent in negative territory, at 16,185, in Thursday afternoon deals, a short while ago, on profit-booking by investors, amid the expiry of the monthly derivatives contracts. Earlier in the morning, h...
August 25, 2011 12:56 PM
The Indian rupee depreciated by 21 paise to Rs 46.20 rupees per US dollar in early trade on the Interbank Foreign Exchange on Thursday. It had closed at 45.99 rupees against the greenback in the previous session.Dealers said month-end dollar demand from importers and weakness of the euro and other A...
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