Apr 25, 2015 at 15:09 | Source: PTI
The rupee resumed lower at 62.54 per dollar as against the last weekend's level of 62.36 per dollar at the Interbank Foreign Exchange Market and dropped further a current year's low of 63.6450 before concluding at 63.56 per dollar, showing a loss of 120 paise or 1.92 percent.
Apr 25, 2015 at 14:40 | Source: Reuters
Spot gold was down 1.4 percent at USD 1,177.03 an ounce at 2:34 p.m. EDT (1834 GMT), while US gold futures for June delivery settled down USD 19.30 an ounce at USD 1,175. That marked spot gold's largest single-session decline since March 6.
Apr 25, 2015 at 14:37 | Source: Reuters
Traders will continue to monitor foreign fund flows after the recent sell-offs on concerns over taxation rules.
Apr 24, 2015 at 08:46 | Source: CNBC-TV18
SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality pressure may ease in near-term.
Apr 23, 2015 at 18:36 | Source: PTI
The domestic currency Thursday opened lower at 62.95 as against the last closing level of 62.82 at the Interbank Foreign Exchange and dropped further to 63.34 before concluding at 63.32, marking a loss of 50 paise.
Apr 23, 2015 at 12:34 | Source: PTI
Rating agency Moody's Thursday said emerging economies in Asia Pacific region, including India, have high degree of immunity to external shocks, but will face challenges when the Fed begins raising interest rates.
Apr 22, 2015 at 09:12 | Source: CNBC-TV18
Deutsche Equities sees the ongoing tactical correction as a healthy consolidation & investors, who had been on the sidelines may use this opportunity to realign portfolios. Deutsche maintained its year-end Sensex target of 33,000.
Apr 21, 2015 at 12:46 | Source: Reuters
The dollar edged higher against its peers on Tuesday, drawing support as the euro was pressured by increasing worries that Greece could default on its debt and eventually exit the single currency.
Apr 21, 2015 at 10:55 | Source: Reuters
The effect of removing excess rupees from the system as the RBI sterilises the inflationary effect of money supply has further driven up rupee interest rates above dollar rates. This means banks and companies have to pay more rupees to hedge their dollar liabilities in the futures markets.
Apr 18, 2015 at 13:00 | Source: PTI
By and large, the strength of the Indian economy is reflected in the fact that the rupee has remained relatively most within the stable range.