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Rupee trades higher at 61.10 to the dollar on reduced geo-political tensions

The rupee was trading steady at 61.10 to the dollar, as against its previous close of 61.14 on Friday. Firm equity trends across the globe also saw gains for the rupee. Last week the rupee had lost considerable ground after ...

US debt crisis: Barack Obama signs bill to end shutdown

WASHINGTON: US President Barack Obama early this morning signed a bill into law to end a disruptive 16-day government shutdown and increase the current debt ceiling of USD 16.7 trillion to prevent the country from a debt default with potentially worldwide ...

US Shutdown: Republicans offer 'short term' US debt cap raise

Washington: As the tit-for-tat political battle over the US fiscal impasse that triggered the first government shutdown in 17 years continued, Republicans Thursday offered President Barack Obama a temporary deal to raise the debt ceiling in exchange for budget negotiations. ...

Obama victory lifts Indian equities, rupee

A Barack Obama saw Indian equities gaining significant ground even while the rupee gained 20 paise. Indian equities were trading sharply higher with the Nifty surging 44 points at 5768 points, while the Sensex gained 132 points at 18949 points, on ...