Mar 07, 2014 at 14:11 | Source: Moneycontrol.com
BSE Information Technology and Healthcare indices lost more than 2 percent while the rupee appreciated by 11 paise to 60.99 a dollar. This week, the domestic currency gained more than 100 paise.
Mar 07, 2014 at 13:00 | Source: Moneycontrol.com
The rupee is trading at fresh 12-week high gaining past 61 per dollar for the first time since December 10 2013. Equity market sentiment, strong FII flows and strength in the likes of the euro support the rupee. Gilts is tad lower due to lack of buying support and participation.
Mar 07, 2014 at 12:27 | Source: Moneycontrol.com
According to Knight Franks Wealth Report 2014, India will rank fourth after US, China and Russia in 2023 and will have more billionaires than the UK, Germany and France. The report also sees Mumbai to be among top 10 global cities by 2024.
Mar 07, 2014 at 09:35 | Source: CNBC-TV18
The markets guess is it is Glaxo bringing in the money - Rs 6400 crore for its open offer almost amounting to a billion dollars and therefore the same kind of rally in the rupee today like the one seen yesterday cannot be expected because this is strictly a one-off.
Mar 07, 2014 at 09:12 | Source: Moneycontrol.com
Pramit Brahmbhatt of Alpari India said the rupee was cheering the dip in current account deficit and steady FII inflows into Indian equity was helping the currency to consolidate further & trade strong.
Mar 07, 2014 at 08:53 | Source: CNBC-TV18
A strong euro will provide some positive support. However, there is good chance of strong dollar demand and profit booking at these appeasing levels which may challenge rupee's positive stride, says Pramit Brahmbhatt of Alpari India.
Mar 07, 2014 at 08:05 | Source: Moneycontrol.com
The Sensex touched a fresh life-time closing high of 21513 and the Nifty too surged above the 6400 mark. Adding to the drumrolls was the rupee that was at a three month high on positive current account deficit (CAD) data and dollar selling.
Mar 06, 2014 at 16:38 | Source: CNBC-TV18
Jamal Mecklai warned that since FIIs are pumping money into short-term debt, so in the span of another three months chances are that these funds may flow out.
Mar 06, 2014 at 12:11 | Source: Moneycontrol.com
Karvy Stock Broking has come out with its report on rupee. The research firm expects the rupee to continue with its appreciating trend against the dollar.
Mar 06, 2014 at 11:14 | Source: Moneycontrol.com
The key to low CAD is a strong growth in exports, and while there has been improvement on this front of late, the health of the global economy will be key to sustaining it.