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June 17, 2011 12:58 PM
The Indian rupee appreciated by 7 paise to 44 rupees and 83 paise against the US dollar in early trade at the Interbank Foreign Exchange today. The local currency resumed higher at 44.86 rupees per dollar as against yesterday's close at 44.91 rupees against the American currency.
June 17, 2011 12:57 PM
Oil rose in Asian trade today on positive economic data from the United States, the world's biggest oil consumer. New York's main contract, light sweet crude rose 25 cents to 95.20 dollar a barrel. Brent North Sea crude gained four cents to 114.06 dollar.
June 17, 2011 11:23 AM
The 13-day old strike at the country's largest car maker Maruti Suzuki India's Manesar plant in Gurgaon, Haryana was called off last night after an agreement between the workers and the management. The management has agreed to reinstate all the sacked 11 workers. It will also take ...
June 17, 2011 10:11 AM
Euro has fallen on international money markets because of concerns about the Greek debt crisis. The Euro fell by more than one per cent against the Swiss Franc and since Wednesday it is down by more than three cents against the dollar. In a speech to the Parliament, Greek Prime Minister George Papan...
June 17, 2011 10:11 AM
The BSE benchmark Sensex gained almost 79 points in opening trade today on the back of bargain buying of select stocks by funds as well as retail investors. The 30-share index of the Bombay Stock Exchange, which lost 146 points in yesterday's trade after the RBI raised interest rates by 25 ...
June 17, 2011 8:48 AM
Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index had stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year. Dur...
June 17, 2011 8:47 AM
The Reserve Bank of India today raised the repo rate, or the rate at which its lends to banks, and the reverse repo rate, the rate at which it borrows from banks, by 25 basis points, each, to combat inflation. The repo rate has been raised to 7.5 per cent, and the reverse repo rate to 6.5 per cent. ...
June 16, 2011 8:32 PM
Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables.Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.D...
June 16, 2011 7:54 PM
Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables.Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.D...
June 16, 2011 7:21 PM
The Prime Minister's Economic Advisory Council (PMEAC) today said rising inflation left Reserve Bank of India with no option but to go in for a policy interest rate hike. PMEAC Chairman C Rangarajan said the RBI will continue to its tight monetary policy stance as long as inflation remains ...
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