Oil remains above $80 in Asian trade?

Oil prices remained above 80 dollars a barrel in Asian trade today. New York's light sweet crude was up 63 cents at 80.44 dollars a barrel while Brent North Sea crude gained 61 cents to 78.80 dollars in the morning trade. Analysts said the rise is due to rattling of the market in view of a ...

Rupee appreciates by 20 paise against dollar

The rupee appreciated by 20 paise to 46.10 a dollar in the early trade on Monday. The domestic currency had closed 2 paise lower at 46.30/31 in the previous session on Friday. Forex dealers said rupee gained against the dollar in line with other Asian currencies.

Rupee appreciates 20 paise against dollar

The rupee appreciated by 20 paise to 46.10 a dollar in the early trade on Monday. The domestic currency had closed 2 paise lower at 46.30/31 in the previous session on Friday. Forex dealers said rupee gained against the dollar in line with other Asian currencies.

Sensex gains 230 points in early trade

The Bombay Stock Exchange benchmark Sensex gained 230 points in early trade on Monday. The Sensex was trading at 16368, up by 177 points. The wide-based National Stock Exchange index Nifty regained the 4,900-points level by rising 66 points in the opening trade. However later it lost some points and...

TEA Exporters chief welcomes RBI notification on export credit

TEA Exporters Association President, Shri. A. Sakthivel welcomed the Reserve Bank of India (RBI) notification by reducing the ceiling rate on export credit in foreign currency by banks from 3.5% to 2%. He pointed out that the SME (Small and Medium Exporters) knitwear exporter sector has been struggl...

RBI issues guidelines to banks on saving accounts

The Reserve Bank has asked all banks to start calculating interest on savings accounts on a daily basis from the first of April. RBI notification issued in Mumbai said the move will enable saving bank account holders to earn better interest on their savings. At present banks calculate interest on th...

Rupee down by 16 paise against dollar

The rupee fell by 16 paise in the Friday morning trade against the US dollar. At the Forex market, the rupee fell by 16 paise to 46.44 a dollar, extending its previous day's losses. The local unit had ended lower by 18paise at 46.28 in yesterday's trading.Dealers said weakness in A...

Industries may require continue stimulus: Anand

Industries may require continue stimulus to tide over crisis: Anand

Sensex loses 136 points

Falling for the second straight session, the Sensex at the Bombay Stock Exchange lost 136 points, or 0.8 percent, to 16,192, today, after the US central bank's surprise decision to hike interest rate on emergency loans to banks. The Nifty at the National Stock Exchange declined 43 points, o...