Exchange Rates

See no end to rupee woes unless CAD menace tackled: Gokarn

There are only two ways of strengthening the rupee, one is to increase the supply of dollars, which means expanding capital inflows in some way, and the other is to reduce the supply of rupees.

RBI issues draft guidelines to hike provns on unhedged cos

RBI proposed to slap incremental provisions and capital requirements on banks, which lend to corporates having unhedged foreign currency exposures. In the wake of increased exchange rate volatility, some Indian companies are likely to incur losses due to their un-hedged foreign currency exposures.

Gartner lowers global IT 2013 spend estimates $3.7 trn

Research firm Gartner lowered its projections for global information technology (IT) spending to USD 3.7 trillion on the back of fluctuating US dollar exchange rates.

Need stability in crude price before moving on petrol: BPCL

In an interview to CNBC-TV18, chairman and managing director of BPCL RK Singh says that they are looking for a sustained stability in crude prices before moving on petrol.

Luxury London homes best bargain for Chinese buyers

Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase prices, research shows.

Rio Q2 iron ore output up 12%, flags cost pressures

Global miner Rio Tinto on Thursday posted a 12% rise in second-quarter iron ore production versus a year ago and said its Australian coal operations were recovering from flood-related disruptions but also warned of cost pressures.

India FY11 GDP estimated to grow at 8.6%: Govt

India's GDP growth for the 2010/11 fiscal year is estimated to grow at 8.6%, a government statement said on Monday.