Rupee loses 17 paise against US dollar |
- Rupee loses 17 paise against US dollar
- Sensex recovers, up by 74 points
- Rupee weak on importer demand
- Union Bank kicks off rate cut season
- Aditya Birla Group to invest $500m in Turkey
- Silver falls below Rs 50k, gold tanks Rs 540
- After fund infusion, SBI eyes equity issue
- India, Japan agree to $15 billion currency swap
- Rupee ends 10 paise down against dollar
- Sensex slumps 184 points
- Food inflation plunges to six-year low
- Food inflation plunges to six-year low
| Rupee loses 17 paise against US dollar Posted: 29 Dec 2011 08:48 PM PST The Indian rupee declined by 17 paise to Rs 53.24 per US dollar in early trade on the Interbank Foreign Exchange today on the back of increased demand for the American currency from importers and strengthening of the dollar against the euro overseas. 
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| Sensex recovers, up by 74 points Posted: 29 Dec 2011 08:14 PM PST Snapping a three-day losing streak, the BSE benchmark sensex recovered by over 74 points in opening trade today on fresh buying amid a firming trend in the Asia region following overnight gains in the US on the back of encouraging economic data. 
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| Posted: 29 Dec 2011 08:13 PM PST The rupee fell early on Friday as oil importers stepped up dollar buying, traders said. 
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| Union Bank kicks off rate cut season Posted: 29 Dec 2011 11:34 AM PST The year-end has brought good news for borrowers with Union Bank of India moving ahead of Reserve Bank of India to bring down its base rate – albeit very marginally. 
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| Aditya Birla Group to invest $500m in Turkey Posted: 29 Dec 2011 11:30 AM PST Aditya Birla Group has decided to invest Rs $500 million (Rs 2,650 crore) to set up a greenfield integrated viscose staple fibre (VSF) plant in Turkey's industrial zone. 
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| Silver falls below Rs 50k, gold tanks Rs 540 Posted: 29 Dec 2011 11:27 AM PST The bullion market in India went into a scare mode on Thursday with silver prices dipping to a 10-month low and gold falling to over two-month low on lack of demand and slide in global prices. 
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| After fund infusion, SBI eyes equity issue Posted: 29 Dec 2011 11:24 AM PST State Bank of India chairman Pratip Chaudhuri sounds relieved after he received a formal communication from the government on Wednesday assuring the country's largest lender of equity infusion of nearly Rs 6,000 crore over the next few months. 
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| India, Japan agree to $15 billion currency swap Posted: 29 Dec 2011 07:59 AM PST India and Japan today agreed to a dollar swap agreement of USD 15 billion, a move which will help stabilise the rupee and boost trade between the two countries. 
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| Rupee ends 10 paise down against dollar Posted: 29 Dec 2011 06:51 AM PST In a volatile trade, the rupee fell by 10 paise to close at nearly two-week low of 53.07/08 against the US currency following good dollar demand from importers amid weak local stocks. 
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| Posted: 29 Dec 2011 03:49 AM PST Amid concerns about rising bad loans, banking giants like ICICI Bank, SBI and HDFC Bank lost ground on the bourses. 
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| Food inflation plunges to six-year low Posted: 28 Dec 2011 11:06 PM PST Food inflation fell sharply to a six-year low of 0.42% in the week ended December 17 as prices of essential items like vegetables, onion, potato and wheat declined. 
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| Food inflation plunges to six-year low Posted: 28 Dec 2011 11:06 PM PST Food inflation fell sharply to a six-year low of 0.42% in the week ended December 17 as prices of essential items like vegetables, onion, potato and wheat declined. 
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