Monday, February 13, 2012

Rupee down 12 paise vs dollar

Rupee down 12 paise vs dollar


Rupee down 12 paise vs dollar

Posted: 13 Feb 2012 08:46 PM PST

The rupee declined by 12 paise to Rs 49.31 per dollar on the Interbank Foreign Exchange in early trade on Tuesday amid weak equity markets.


Sensex down 23 points in early trade

Posted: 13 Feb 2012 08:44 PM PST

The BSE benchmark index Sensex fell by nearly 23 points in early trade on Tuesday largely in tandem with weak trend on other Asian bourses.


RBI to discuss rise in bad debt with banks

Posted: 13 Feb 2012 05:02 PM PST

Worried over rising bad loans in certain sectors, RBI today said it will discuss the issue with banks soon.


Air India to prune six global flights

Posted: 13 Feb 2012 04:57 PM PST

With the promise of fund infusion into cash-strapped Air India remaining only on paper and not translating into any real money, the national carrier is planning to prune six long-haul international flights apart from taking a relook at its domestic network.


Easier trade rules with Pak may be delayed

Posted: 13 Feb 2012 04:47 PM PST

Full normalization of trade between India and Pakistan is expected to be delayed with Islamabad yet to finalise the negative list of goods but both sides vowed to make all efforts to achieve the goal.


SBI education loans set to get cheaper

Posted: 13 Feb 2012 04:34 PM PST

The country's largest lender State Bank of India (SBI) plans to cut interest rates on education loans. The bank is expecting a good growth in this segment with the government promoting a fund to guarantee education loans.


IOC seeks compensation for petrol sale loss

Posted: 13 Feb 2012 07:59 AM PST

India freed pricing of petrol in June 2010 but continues to subsidise prices of gasoil, kerosene and cooking gas to protect the poor from the impact of any inflation pressures.


Investors peer past gloom, eye Asian rebound

Posted: 13 Feb 2012 07:55 AM PST

If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.


Rupee strong against dollar

Posted: 13 Feb 2012 06:09 AM PST

The US dollar ended cheaper against the rupee at Rs 49.19/20 per dollar and the Pound Sterling also finished lower at Rs 77.76/78 per pound at the close of the Interbank Foreign Exchange market (Forex) here today.


Oil imports: India-Iran work out rupee trade mechanism

Posted: 13 Feb 2012 03:30 AM PST

Indian and Iranian governments have worked out Rupee trade mechanism for payment of India's total crude imports from the latter in Rupees rather than convertible currency – the US Dollar normally used for such trade globally.


SAIL Q3 profit down 43%

Posted: 13 Feb 2012 03:22 AM PST

Hit by costlier raw material and forex loss, state-run SAIL on Monday reported 43 per cent dip at Rs 632 crore in profit in the third quarter of this fiscal.


Sensex closes 24 points up in volatile trade

Posted: 13 Feb 2012 03:13 AM PST

In choppy trade, the Bombay Stock Exchange benchmark Sensex on Monday closed 24 points up led by metals and auto stocks on continuing FII inflows.


SBI Q3 net profit up 15%

Posted: 13 Feb 2012 01:45 AM PST

State Bank of India, the country's biggest lender, beat market expectations with a 15 percent rise in third-quarter net profit as interest income rose.


Rupee advances by 11 paise vs dollar

Posted: 12 Feb 2012 10:41 PM PST

The Indian rupee advanced by 11 paise to 49.31/32 against the US currency in view of selling of dollars by banks and exporters.


Sensex pares early gains in volatile trade

Posted: 12 Feb 2012 10:37 PM PST

The BSE benchmark index Sensex pared its early gains and declined by 30 points due to selling mainly in realty, capital goods, power and metal stocks in spite of firm Asian cues.


Carbon tax: Airbus CEO warns of trade conflict

Posted: 12 Feb 2012 09:47 PM PST

Airbus Chief Executive Tom Enders said Monday he's concerned that new European Union carbon emission charges for airlines could spark a trade war between Europe and the rest of the world.


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