Mar 11, 2014 at 14:57 | Source: Reuters
A separate plan to explore joining Euroclear, the world's largest securities settlement system, has also been deferred until the next government takes charge after elections in April and May. That plan could have further opened up the market to portfolio capital inflows.
Mar 11, 2014 at 13:00 | Source: Moneycontrol.com
Metal stocks like Tata Steel, Sail and Hindalco are weak, tracking weak global commodity prices post disappointing China data.
Mar 11, 2014 at 09:44 | Source: Moneycontrol.com
The recent strength in the currency has primarily been driven by three factors: a sharp cut in the current account deficit, steps taken by the government and the central bank to attract capital flows and rising foreign interest in Indian equities and debt. But at least two of three steps look set to have run their course.
Mar 11, 2014 at 09:15 | Source: Moneycontrol.com
Tata Power is up 3 percent while Infosys is losing. The rupee opened flat at 60.79 per dollar on Tuesday as against previous day's closing value of 60.84 a dollar.
Mar 11, 2014 at 08:49 | Source: CNBC-TV18
RBI selling dollars through PSU banks to meet dollar demand from OMCs and other importers is helping rupee strengthen further, says Pramit Brahmbhatt of Alpari India.
Mar 11, 2014 at 08:35 | Source: Moneycontrol.com
The rupee gained strength for the 5th straight session to break below the 61-mark against the dollar. This is the highest level hit by the rupee in the last 7 months.
Mar 10, 2014 at 22:05 | Source: CNBC-TV18
Arvind Narayanan added that strength in the rupee will not hamper exports much.
Mar 10, 2014 at 18:18 | Source: Reuters
The partially convertible rupee rose to as much as 60.83 per dollar, its highest since August 12. It was last trading at 60.84/85 per dollar, compared with its close of 61.08/09 on Friday.
Mar 07, 2014 at 19:15 | Source: Moneycontrol.com
Easing of the crisis in Ukraine, steady foreign fund flows and a sharp fall in current account deficit were some of the factors driving the uptrend.
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.