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May 6, 2011 1:10 PM
The Indian rupee depreciated by 8 paise to 44.84 rupees against the US dollar in early trade today. Forex dealers have said that strengthening of the dollar against other Asian currencies overseas mainly put pressure on the rupee.
May 6, 2011 12:53 PM
Oil prices bounced back in the Asian markets today after a massive sell-off last night. Light sweet crude added 68 cents to trade at 100.48 dollar per barrel after slumping more than eight percent to close at 99.80 dollar yesterday, the first time it fell below 100 dollar mark since March 16. Brent ...
May 6, 2011 12:17 PM
Maintaining the upward trend, the BSE Benchmark Sensex was up by 206 points, trading at 18,417 points when reports last came in. Earlier, the Sensex recovered by over 152 points in opening trade today on emergence of buying by funds as well as retail investors at attractive lower levels.The wide-bas...
May 6, 2011 9:49 AM
The price of crude oil has dropped by ten per cent, the steepest one day fall in more than two years. The price of US crude fell to just under one hundred dollars a barrel. Oil prices have been high in response to social tensions in West Asia. The reversal in prices was triggered by figures from the...
May 5, 2011 9:01 PM
Continuing its losing streak for the fifth straight day, silver prices tumbled a whopping 4,400 rupees, to 59,200 rupees per kilo at Delhi's bullion market, today, on heavy selling by speculators, amid a weak global trend. Gold lost 310 rupees, to 22,345 rupees per ten grams. In the global ...
May 5, 2011 9:01 PM
Continuing its losing streak for the fifth straight day, silver prices tumbled a whopping 4,400 rupees, to 59,200 rupees per kilo at Delhi's bullion market, today, on heavy selling by speculators, amid a weak global trend. Gold lost 310 rupees, to 22,345 rupees per ten grams. In the global ...
May 5, 2011 6:05 PM
Falling for the ninth straight session--its longest losing streak in almost a decade--the Sensex at the Bombay Stock Exchange closed 259 points, or 1.4 percent lower, at 18,211, today. The market fell on sustained selling by investors, on concerns that high interest rates will dent corporate earning...
May 5, 2011 6:02 PM
Continuing its losing streak for the fifth straight day, silver prices tumbled a whopping 4,400 rupees, to 59,200 rupees per kilo at Delhi's bullion market, today, on heavy selling by speculators, amid a weak global trend. Gold lost 310 rupees, to 22,345 rupees per ten grams. In the global ...
May 5, 2011 5:13 PM
Amidst high volatility, the Indian markets today ended in the red. The benchmark index at the Bombay Stock Exchange closed at 18,210. losing over 258 points. Although the Sensex opened in the green today, touching a high of 18,569 but heavy selling in the afternoon trade dragged the markets down. Sh...
May 5, 2011 2:25 PM
India will achieve 8.7 percent growth rate in 2011-12 says a UN report. The report prepared by Economic and Social Commission for Asia and Pacific has said that this growth is achievable after denting the inflation. Lauding the steps taken by Reserve Bank of India to curb inflation, the report descr...
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