APN News

  • Friday, April, 2024| Today's Market | Current Time: 02:18:10

    • Business

    ‘High trade deficit with China not sustainable in long run’

    India on Monday said the widening trade deficit with China is not “sustainable” in the long run and asked the neighbouring country to give more market access for its products even as Beijing assured all steps in this direction. In 2012-13, India’s exports to China was only USD 13.53-billion while imports stood at USD 52.24-billion. […]

    Currency

    Sensex below 20K, down 363 pts as rate hike fears hits banks

    Falling for the second day, the BSE benchmark Sensex on Monday ended about 363-points lower at 19,900.96 as investors continued to unwind positions in banking, realty and capital goods stocks on heightened fears that the RBI will hike repo rates further to curb inflation. After losing 383 points in the previous session as Reserve Bank […]

    Currency

    Mayaram: Intrinsic value of rupee could be at 58-60 a dollar

    Finance Ministry today said the rupee should ideally be at 58-60 to a dollar based on the intrinsic value of the domestic currency. “There is something called intrinsic value of rupee. The intrinsic value of rupee comes from its purchasing power. The intrinsic value of rupee in Real Effective Exchange Rate (REER) term could be […]

    Stock & Share

    Sensex down 206 points in early trade on selling pressure

    The BSE benchmark index Sensex fell over 206 points in early trade on Monday, extending losses for the second straight session, on sustained selling by funds and retail investors after an unexpected hike in repo rate by the Reserve Bank last week. The 30-share index fell by 206.61 points, or 1.01 per cent, to 20,057.10, […]

    Currency

    Rupee down 20 paise against dollar in early trade

    The rupee fell by 20 paise to 62.43 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on demand from importers for the US currency amid a lower opening in the domestic market. Forex dealers said besides fresh demand for the American currency from importers, a hike of 25 basis […]

    Markets

    Fundamental & Technical Outlook on Commodities

    By Mr. Vivek Gupta Precious metal Gold prices on spot and futures market could rule marginally lower as data from the US showed that home sales increased in August, point to signs of some recovery in the economy.  The Finance Ministry’s officials  meet ended the impasse on gold imports that have been affected since the […]

    Currency

    Rupee falls 46 paise to 62.23 against dollar after RBI raises key rate

    The rupee fell 46 paise to close at 62.23 against the dollar on Friday, in line with a sharp decline in local stocks, after a surprise hike in a key lending rate by the RBI. Governor Raghuram Rajan also partially eased liquidity-tightening measures that were introduced in July to curb volatility in the currency market. […]

    Business

    Rajan: RBI is anti-inflation

    Asserting that Reserve Bank is “anti-inflation”, new Governor Raghuram Rajan on Friday said partial easing of its recent liquidity tightening measures coupled with repo rate hike is supportive of growth, a remark that helped the markets trim losses. “Of course, we are anti-inflation…of course, our intent is to signal a stance against inflation,” Rajan said […]

    Banking

    Comments of Ms Chanda Kochhar, Managing Director and CEO, ICICI Bank on RBI mid-quarter policy

    Well balanced policy with focus on structural imperatives as well as near term concerns. RBI has taken a balanced approach considering various developments across the globe and their near term impact, as well as the structural imperatives for India. Given the recent trends in the foreign exchange market, the reduction in the MSF rate and […]

    Markets

    Equity Market Outlook

    By Mr. Vivek Gupta The 50-share index ended at 6,024.55, down 91 points or 1.49%. The S&P BSE Sensex closed over 360 points down after taking support near 20,000 levels. A hike in the interest rates was observed by the RBI, where the rupee weakened further against the dollar after the announcement of the RBI […]

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