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Rupee up by 11 paise against dollar in early trade

Rupee up by 11 paise against dollar in early trade

  The Indian rupee on Tuesday rose 11 paise to 56.90 against the US dollar in early trade at the Interbank Foreign Exchange market as the American currency weakened against…

Asian markets drift lower ahead of EU summit

  Asian stocks mostly drifted lower on Monday as investors grew cautious ahead of a critical European Union summit later this week where Greek leaders will attempt to renegotiate some…

Sensex below 17,000 as RBI’s ECB norms disappoint

Sensex below 17,000 as RBI’s ECB norms disappoint

In an attempt to boost the flaying growth of the Indian economy, The Reserve Bank of India (RBI) has announced a slew of measures to curb the rupee depreciation and…

India on course to achieve $500 billion exports target by 2014

India on course to achieve $500 billion exports target by 2014

Helped by market diversification and incentives announced in the foreign trade policy, India is likely to achieve the export target of USD 500 billion by 2013-14. Sharma said that although…

Fitch cuts SBI, ICICI, PNB rating outlook to negative

Global agency Fitch on Wednesday cut credit rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank. The action follows the revision…

Inflation rises in May

Inflation rises in May

The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action…

Sensex rises 47 points; capital goods, power stocks up

Sensex rises 47 points; capital goods, power stocks up

A benchmark index of Indian equities markets was trading 47 points higher around noon Wednesday, led by good buying support in capital goods, power and health care stocks. The 30-scrip…

A Strong growth prospects for India & China : Mark Mobius

A Strong growth prospects for India & China : Mark Mobius

Expressing great faith in the growth prospects of both India and China, Mark Mobius of Templeton Emerging Markets Fund told,that he was positive on the economies of both the countries.…

Rupee fails to maintain initial gains, down 16 paise vs dollar

Rupee fails to maintain initial gains, down 16 paise vs dollar

The rupee failed to maintain initial gains against the US dollar and was down 16 paise at 55.56 in the late morning trade on fresh demand for the American currency…

Retail inflation inches up to 10.36% in May

Retail inflation inches up to 10.36% in May

Retail inflation moved up marginally to 10.36% in May on account of increase in prices of vegetables, edible oils and milk. Based on the Consumer Price Index (CPI), the inflation…