Rangarajan expects Indian economy to grow by 8.5 per cent in FY 2011-2012

Prime Minister's Economic Advisory Council, PMEAC, Chairman C Rangarajan today said he expects the Indian economy to grow by 8.5 per cent in Financial Year 2011-2012 on the back of service sector and industry expansion. However, he hinted that agriculture might not be a big contributor in t...

Rupee depreciates by 8 paise against US dollar

The Indian rupee depreciated by 8 paise to 44 rupees 92 paise against the US dollar in early trade on the Interbank Foreign Exchange today. The rupee depreciation tracked dollar gains against other currencies overseas and a weak trend in the equity market.The rupee strengthened by 22 paise to close ...

Sensex falls sharply by over 192 points in opening trade

The Sensex fell sharply by over 192 points in opening trade today. This follows foreign funds and retail investors booking profits made during the previous two sessions, taking cues from weak global markets.Profit-booking by speculators after two sessions of gains also dragged the Sensex down.The 30...

Continuing to grow at a strong rate, the country's exports increased 34.4 per cent, to 23.8 billion dollars in April this year, compared to April last year. Imports rose 14.1 per cent, to 32.8 billion dollars in April, leaving a trade gap of 8.9 billion dollars, according to data released b...

Sensex gains 106 points on continued buying

Climbing for a second straight session, the Sensex at the Bombay Stock Exchange gained 106 points, or 0.6 percent, to 18,609 on Wednesday, on continued buying by investors, amid strong export growth in April. The Nifty at the National Stock Exchange advanced 32 points, 0.6 percent, to 5,592.Stock ma...

Sensex gains 68 points in afternoon trade

Extending yesterday's gains, the Sensex at the Bombay Stock Exchange opened 76 points, or 0.4 per cent higher, at 18,579, this morning, on continued buying by investors. Later, remaining firm, the Sensex stood 68 points, or 0.4 percent in positive territory, at 18,571 in afternoon trade, a ...

Sensex up by 68 points in afternoon trade

Extending yesterday's gains, the Sensex at the Bombay Stock Exchange opened 76 points, or 0.4 per cent higher, at 18,579, this morning, on continued buying by investors. Later, remaining firm, the Sensex stood 68 points, or 0.4 percent in positive territory, at 18,571 in afternoon trade, a ...

India's exports grow by 34.42 %; Imports up 14.13 % in April

Maintaining the growth momentum of the previous fiscal, the country's exports rose 34.4 per cent, to 23.8 billion dollars in April this year, compared to the same month last year. Imports rose 14.1 per cent, to 32.8 billion dollars in April, leaving a trade gap of 8.9 billion dollars, accor...

Sensex up 68 points in afternoon trade

Extending yesterday's gains, the Sensex at the Bombay Stock Exchange opened 76 points, or 0.4 per cent higher, at 18,579, this morning, on continued buying by investors. Later, remaining firm, the Sensex stood 68 points, or 0.4 percent in positive territory, at 18,571 in afternoon trade, a ...

India's exports grow by 34.42% in April

India's exports grow by 34.42 per cent to 23.8 billion US Dollars. According to an official press release imports grew 14.13 per cent to 32.8 billion dollars in April. The crude oil imports stood at around 32834 million US dollars registering a growth of over 14 per cent. Non oil imports du...