Dhaka stock exchange sees biggest fall ever

Dhaka stock exchange sees biggest fall

Rupee depreciates further

In line with fall in local equities, the rupee depreciated further by seven paise against the US currency to close at a fresh three-week low of 45 rupees 46 paise.Dollar demand from importers as well as some banks too weighed on the rupee.The rupee had lost 13 paise in the previous trading session.

India reverting to pre-crisis growth level of 9%: Pranab

Finance Minister Pranab Mukherjee today said that India is reverting to the pre-crisis growth level of 9 per cent. Speaking at the International Finance Conference in Kolkata, the Finance Minister expressed the hope that the world economy will improve during 2011, adding that India's growth...

Sensex closes below 20k

Posting its fifth straight day of losses, the Sensex at the Bombay Stock Exchange suffered another big fall of 468 points, or 2.4 percent, to close at a six-week low of 19,224, today. The Sensex tumbled on sustained selling by investors spooked by fears of an interest rate hike by the Reserve Bank, ...

Gold up by Rs 50

Gold rose 50 rupees, to 20,650 rupees per ten grams at Delhi's bullion market, today, on marriage season and festival demand. Silver gained 175 rupees, to 44,800 rupees per kilo, on increased off take by industrial units and coin makers.In the global markets, gold climbed 0.5 per cent, to 1...

Sensex closes below 20k

Posting its fifth straight day of losses, the Sensex at the Bombay Stock Exchange suffered another big fall of 468 points, or 2.4 percent, to close at a one-month low of 19,224, today. The Sensex tumbled on sustained selling by domestic investors and foreign funds, spooked by fears of an imminent in...

Onion prices likely to soar after two-day strike against tax raids

In a move that could further push up Onion prices, traders in Nashik and adjoining areas on Monday went on two-day strike against tax raids. They also disrupted supply to contracting traders from other states who are being forced to sell the vegetable at below the cost price. This has virtually halt...

World Bank President describes India as rising economic power

The World Bank President has described India as a global player and a rising economic power. Mr. Robert Zoellick who will meet the Prime Minister Dr. Manmohan Singh during his stay in the country said in New Delhi that India's high level growth is helping the International economy to recove...

Sensex down by 270 points in afternoon trade

The Sensex, which opened 221 points down on Monday is now trading 270 points down at 19,422 points. Sensex trading in negative zone as funds and retail investors continued selling on fears of another hike in key interest rates by the RBI to reign in inflation. The 30-share index of the Bombay Stock ...