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March 14, 2011 10:30 AM
The Indian rupee strengthened by 5 paise to 45 rupees 19 paise per dollar at the Interbank Foreign Exchange today. The Indian currency was supported by a higher opening in the stock market and dollar weakness against other currency rivals. The rupee had depreciated by 6 paise to close at 45 rupees 2...
March 14, 2011 10:25 AM
Oil fell in Asian trade today. New York's main contract, light sweet crude for delivery in April, dipped 1.28 dollars to 99.88 dollars per barrel. Brent North Sea crude for April delivery lost 1.39 dollars to 112.45. Analysts say, there might be some demand disruptions due to the Japanese e...
March 14, 2011 10:10 AM
The Sensex opened 76 points higher in opening trade today on emergence of buying in fundamentally strong shares at lower levels. The 30-share barometer, which lost 295 points in the past two sessions, rose by 76 points, or 0.41 per cent, to 18,250 in the first few minutes of trade. In a similar fash...
March 12, 2011 9:05 PM
Finance Minister Pranab Mukherjee has called upon the banks to play a pro-active role in achieving double digit growth. Addressing a function in New Delhi, he said that lending to the agricultural sector is still a matter of concern and asked the banks to step up direct lending for agriculture and c...
March 12, 2011 8:36 AM
Oil prices continued to slide dropping below $100 per barrel for the first time in more than a week, after a massive earthquake and tsunami hit Japan. It is unclear how much Japan's economy will be affected by the disaster but the tragedy has slowed down its economy. Japan is the third-larg...
March 12, 2011 8:34 AM
Industrial growth slowed to 3.7 per cent in January, 2011, compared to 16.8 per cent expansion in the year-ago period, dragged down by the poor performance of the manufacturing sector, particularly capital goods.However, growth in factory output in January, as measured in terms of the Index of Indus...
March 12, 2011 8:32 AM
Terming the current level of food inflation of 9.5 per cent as "unacceptable", Finance Minister Pranab Mukherjee on Friday said the government has taken several steps to bring it down further especially through enhancing supply of essential commodities."At the beginning of...
March 11, 2011 8:00 PM
The Rupee today declined by six paise to close at 45.24 against the US dollar. Sustained dollar demand from importers amid sluggish equities and a firm greenback overseas are said to be the cause for the fall.
March 11, 2011 6:24 PM
Falling for the second straight session, the Sensex at the Bombay Stock Exchange dropped 154 points, or 0.8 percent, to 18,174, today. Slower factory output , high crude oil prices, and weak global markets weighed are said to be the cause for the fall. The Nifty at the National Stock Exchange shed 4...
March 11, 2011 1:47 PM
The Sensex at the Bombay Stock Exchange fell 128 points, to 18,200 in opening trade, today, on continued selling by foreign funds, amid weak global markets. Later, the Sensex lost further ground, and stood 235 points, or 1.3 percent in the negative zone, at 18,093, in afternoon deals, a short while ...
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