Rupee Seen at 75-85 per Dollar in 10 Years: Morgan Stanley
Jul 28, 2014 at 11:54 | Source:
The Indian rupee has stabilized around 60 per dollar after hitting a record low of nearly 69 against the greenback in August 2013. And given the economic backdrop - hopes of faster growth, structural reforms and optimistic balance of payments outlook...
Sri Lanka's Central Bank Inks Pact With RBI
Jul 25, 2014 at 02:00 | Source:
Colombo: The Reserve Bank of India (RBI) and the Central Bank of Sri Lanka (CBSL) have entered into a bilateral agreement that enables CBSL to further diversify its reserves management activities into Indian rupee-denominated assets. Reciprocally, th...
Rupee Should Depreciate to 70 a Dollar: AV Rajwade
Jul 22, 2014 at 22:00 | Source:
The Indian rupee touched an all-time low of 68.85 in August last year and since then it has recovered to 60 levels. But forex expert AV Rajwade is of the view that rupee should depreciate to 70 per dollar to spur export-driven growth in India. (Watch...
Rupee Third on Fake Foreign Currency List in Switzerland
Jul 20, 2014 at 22:00 | Source:
New Delhi/Berne: As a debate continues on alleged black money of Indians in Swiss banks, the authorities in Switzerland have come across a significant quantum of fake Indian rupee notes in their country - the third highest for any foreign currency ...
Indian rupee opens at 60.23 per dollar; down 11 paise
Jul 16, 2014 at 10:01 | Source:
Mumbai: The Indian rupee slipped in the opening trade on Wednesday. It has opened lower by 11 paise at 60.23 per dollar against 60.12 on Tuesday. The dollar clung to modest gains post comments by the head of the Federal Reserve that rates could rise&...
Indian Rupee Forwards, Government Bonds Gain on Budget Optimism
Jul 10, 2014 at 14:00 | Source:
Rupee forwards traded offshore rose for a third day on optimism Indian Finance Minister Arun Jaitley will unveil steps to boost the economy in today's budget. Growth may quicken to as much as 5.9 percent in the year to March 2015 from 4.7 per...
Rupee opens flat at 59.67 against US dollar
Jul 03, 2014 at 10:01 | Source:
Mumbai: The Indian rupee opened flat at 59.67 per dollar versus 59.69 Wednesday. US dollar clings onto modest gains, having risen broadly on the back of a report that showed solid hiring in the US private sector. On Wednesday, the rupee posted its ...
Petrol price hike disappointment to people who voted BJP: Jayalalithaa
Jul 01, 2014 at 07:18 | Source:
Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congres...
Govt may cut 2% import duty on gold in budget: BoAML
Jun 29, 2014 at 16:17 | Source:
MUMBAI: The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said here. "We expect a two per cent cut in gold import duty. In our view, the...
How to spot turnaround stocks
Jun 27, 2014 at 18:20 | Source:
The results season is coming to an end and investors are scurrying through the quarterly reports to spot companies that made a turn around in their fortunes. The easy way to spot a turnaround stock is to pick a company which has reported a profit in ...
Rupee logs first drop in four days to end at 59.20
Jun 09, 2014 at 18:26 | Source:
Mumbai: Bucking the trend in stocks, the Indian rupee today washed out initial gains and logged its first drop in four sessions to end at 59.20 against the dollar on late demand for the American currency from importers.At the Interbank Foreign Exchan...
Sugar surplus to maintain export momentum
Jun 02, 2014 at 19:52 | Source:
MUMBAI: India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said on Monday....
FY14 GDP growth at 4.7%; India sees worst slowdown in 25 years
May 31, 2014 at 06:52 | Source:
NEW DELHI: The country's Gross Domestic Product (GDP) for the fourth quarter of the financial year 2013-2014 grew at 4.6% versus an ET Now Poll estimate of 4.7%. The GDP for the entire FY14 grew at 4.7%. This marks a second straight year of sub-5 pe...
Larsen Toubro 4Q profit rises 69 per cent; beats estimates
May 31, 2014 at 06:52 | Source:
NEW DELHI: Larsen & Toubro Ltd (L&T) , India's biggest engineer, outstripped analyst forecasts with a 69 percent rise in fourth-quarter profit, thanks to a steep gain in revenue from its infrastructure and heavy engineering businesses. The bellwethe...
Modi as PM will help boost Sino-Indian ties: Chinese media
May 27, 2014 at 13:03 | Source:
Beijing: In a rare gesture, China's official media on Tuesday gave the biggest coverage to an Indian political event and projected Narendra Modi's elevation as Prime Minister as a harbinger of "big boost" to bilateral ties."Modi to boo...
SpiceJet soars 12% despite Q4 net loss rising to Rs 321.5 crore
May 19, 2014 at 15:31 | Source:
NEW DELHI: After slipping as much as 6.3 per cent in early trade on Monday, SpiceJet Ltd soared 12% on the Bombay Stock Exchange. The budget carrier announced a record annual loss and second biggest quarterly loss since inception, drawing major conce...