Delhi, Bengaluru and Ahmedabad also recorded a jump in prices whereas Kolkata, Mumbai and Chennai saw a contraction.
India's forex kitty surged by USD 1.15 billion to USD 367.93 billion as of March 24 on the back of increase in the currency assets, the Reserve Bank said on Friday.
Appreciation in property prices may not always mean good news for home buyers in India. Often, property owners who try to sell their houses are in for a rude shock, when they find that R
Chennai's metro line is only 14 days old and experts are already predicting a 15 percent price appreciation.
The foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in the reserves. Reflecting the stagnant prices of the yellow metal, the country's gold reserves continued to remain unchanged at USD 20.183 billion for the reporting week.
While the rupee has appreciated to comfortable levels of 60 against the greenback, it may see slightly depreciated levels of 62 by 2015-end, says Dominic Bunning, associate director- Forex Strategy, HSBC.
The rupee, Dominic Bunning, associate - FX Strategy, HSBC, says is expected to be one of the bet performers in the emerging market (EM) basket.
We spoke with Sundeep Gupta, Joint Managing Director, Jakson Group, to get his views on investing and advice for investors.
Speaking to CNBC-TV18 on his outlook for the market, Pathik Gandotra, partner, Dron Capital Advisors says investors can expect atleast a 10 percent return on their investments as the market will focus on quality stocks for the next six months.
The rupee trims gains in the afternoon session to trade at 60.74/75 versus Thursday's close of 60.88/89, sharply off the day's high of 60.45.
Rating agency Crisil, the domestic arm of S&P, expects the India rupee (INR) rising about 56 against the US dollar by March, 2014. Key triggers: capital inflows resume and current account deficit (CAD) softens in 2013-14.
Indian rupee touched 54.3250 on Tuesday; its highest in one-week. It is now currently trading at 56.36/37; still higher than its close of 56.44/45.
Maruti Suzuki beat market expectations as fourth quarter net profit declined lower-than-expected 3% year-on-year to Rs 640 crore. However, the stock slipped over 2% on Monday morning as street didn't seem impressed over higher other income, a key reason for the earnings beat, and lower margins.