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Stock & Share

Sensex dips below 16k as rupee breaches 56 level

Mumbai : The BSE Sensex on Wednesday dipped below the 16,000 level as the rupee tumbled to yet another all-time low of Rs 56.13 against the US dollar amid weak trend in overseas markets and persisting euro-zone debt crisis. The BSE 30-stock Sensex, which had lost nearly 157 points on Tuesday, dipped another 179.38 points […]

Breaking News Currency

Rupee touches new record low of 56/USD

Mumbai : Continuing on slippery slope, the rupee slumped to a new record low of 56 to the US dollar on Wednesday weighed down by global risk aversion, with the Reserve Bank of India’s intervention earlier in the day seen as too mild to prevent further falls. At 12:40 pm, the partially convertible rupee was […]

Stock & Share

Sensex extends losses; down by 84 points in early trade

Mumbai: The BSE benchmark Sensex extended losses for the second straight session and lost over 84 points in early trade, due to a falling rupee and weakening trend on other Asian bourses. The 30-share barometer, which had lost 156.85 points on Tuesday, fell further by 84.18 points, or 0.53 per cent, to 15,942.23 in early […]

Markets

Oil dips on hopes of easing Iran tensions

Mumbai : Oil prices edged lower in Asian trade on Wednesday, amid hopes of easing tensions between major producer Iran and the West, but eurozone debt woes continued cast a shadow over the market. New York’s main contract, West Texas Intermediate crude for delivery in July, was down 60 cents at USD 91.25 per barrel […]

Currency

Rupee crashes to new low at 55.82 Vs dollar in early trade

Mumbai : Continuing its losing streak for the sixth session in a row, the rupee on Wednesday lost 43 paise to touch a fresh low of 55.82 against the US dollar in early trade due to increased capital outflows amid a strong demand for the American currency by importers, especially oil refiners. The local currency, […]

Currency

Rupee at record low of 55.35 despite RBI steps

Mumbai : The rupee on Tuesday plunged to fresh low of 55.35 per dollar in late afternoon trade despite RBI’s measures to curb the persistent fall. At the interbank foreign exchange market, the domestic unit tumbled by 32 paise to trade at fresh all-time low of 55.35 due to strong dollar demand from importers after […]

Stock & Share

Sensex tumbles 157 pts as rupee slumps to new record low

Mumbai : Snapping a three-day gaining streak, the BSE benchmark Sensex on Tuesday dropped by 157 points after investors became jittery with rupee slumping to a new record low amid fund outflows. The Sensex, which had gained 153 points in the past three sessions, fell by 156.85 points, or 0.97 per cent to 16,026.41. While […]

Business

Industry chambers welcome White Paper on black money

Mumbai : Industry chambers welcomed the White Paper on black money tabled in Parliament on Monday and said it would help in formulating an effective policy to deal with unaccounted money. However, they suggested that the government should also initiate electoral reforms to check the menace. “Suggesting electoral reforms and bringing a voluntary disclosure scheme […]

Banking

More steps to arrest rupee fall: RBI

Mumbai : Amid rupee breaching the 55 levels spelling more troubles for Indian economy, RBI Deputy Governor Subir Gokarn has said the central bank will continue to take steps to stabilise the domestic currency. “There is very strong pressure on the rupee to depreciate … we have done a number of things and will continue […]

Business

India-Arab Conference focussing on trade & investment begins in Abu Dhabi

The Third India – Arab Partnership Conference to expand and enhance trade and investment between India and the Arab world has begun in the UAE Capital Abu Dhabi. Leaders, Captains of Industry and financial institutions from India and the Arab will discuss the road map to strengthen trade and commerce ties over the next two […]