Wednesday, December 26, 2012

Rupee gains by 11 paise against dollar

Rupee gains by 11 paise against dollar

Rupee gains by 11 paise against dollar

Posted: 26 Dec 2012 08:39 PM PST

The rupee on Thursday strengthened by 11 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange, aided by selling of the American currency by exporters and banks and strong capital inflows.

Sensex up 87 points in early trade

Posted: 26 Dec 2012 08:31 PM PST

The BSE benchmark Sensex gained 87 points in early trade on Thursday on the back of covering-up of short positions by participants following monthly expiry in the derivatives segment amid government announcing incentives for exporters.

Aadhar may rescue small retail stores

Posted: 26 Dec 2012 03:05 PM PST

Foreign direct investment in retail is expected to spell doom for the neighbourhood kirana stores and many of them are looking at various methods to retain their daily customers.

Interest relief for exporters to stay

Posted: 26 Dec 2012 02:53 PM PST

The government on Wednesday announced a slew of measures to boost exports, extending an interest subvention scheme on rupee export credit up to March 31, 2014.

Indian companies go overseas for refinancing debt

Posted: 26 Dec 2012 02:52 PM PST

A host of Indian companies have successfully refinanced their foreign debt as the environment for external borrowing has improved.

DGCA to ask for more details from Kingfisher

Posted: 26 Dec 2012 06:04 AM PST

Civil aviation minister Ajit Singh said the cash-strapped carrier's parent firm UB Group has not disclosed anything regarding funding.

HSBC denies hawala charges

Posted: 26 Dec 2012 05:52 AM PST

HSBC has dismissed allegations of running a 'hawala' racket in India, saying it took 'compliance with the law very seriously'.

Rupee closes 11 paise high against dollar

Posted: 26 Dec 2012 05:32 AM PST

Forex dealers said a firm rise in local equities and sluggish dollar overseas also boosted the sentiment in rupee's favour.

Sensex closes up 162 points

Posted: 26 Dec 2012 03:35 AM PST

The Sensex rose by 162.37 points, or 0.84 per cent, to 19,417.46 as foreign investors remained net buyers for the 27 straight sessions.

Govt hikes minimum support price of Wheat

Posted: 26 Dec 2012 03:06 AM PST

The government has announced Rs 65 per quintal hike in the support price of wheat to Rs 1,350 per quintal.

Gold snaps 3-day rising trend, down Rs 220

Posted: 26 Dec 2012 01:57 AM PST

Gold prices fell by Rs 220 to Rs 31,000 per 10 gm in the national capital on Wednesday on slackened demand at prevailing higher levels amid weak overseas trend.

Govt approves 12 FDI proposals worth over Rs 802 cr

Posted: 26 Dec 2012 01:24 AM PST

The government on Wednesday approved 12 foreign direct investment (FDI) proposals, including that of Ratnakar Bank, totalling over Rs 802 crore.

Govt announces sops for exporters

Posted: 26 Dec 2012 01:09 AM PST

Commerce and industry minister Anand Sharma also decided to introduce a pilot scheme of two per cent interest subsidy for project exports through Exim Bank.

Mahindra's joint venture plan with Rafael rejected

Posted: 25 Dec 2012 11:54 PM PST

According to media reports, the companies were to invest about 1 billion rupees ($18.2 million) to develop and manufacture naval systems.

Rupee drops by 8 paise against dollar

Posted: 25 Dec 2012 10:26 PM PST

The rupee dropped by eight paise to 55.03 against the American currency in the late morning trade on month-end dollar demand from importers and banks.

Rupee drops by 8 paise against dollar

Posted: 25 Dec 2012 10:22 PM PST

The rupee dropped by eight paise to 55.03 against the American currency in the late morning trade on month-end dollar demand from importers and banks.

Rupee down 6 paise against dollar

Posted: 25 Dec 2012 08:48 PM PST

The rupee declined by 6 paise to Rs 55.01 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market.
Posted by Harshad at 9:14 PM

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