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Rupee Trades Lower At 68.54, Down By 0.42% Against US Dollar
The domestic unit is seeing no respite due to several macro-economic concerns such as the rising crude oil price which is volatile given the international situation. Also the month end dollar demand is putting an increasing pressure on the Indian rupee ...
Government Tweaks Masala Bonds And Makes It Part of ECB
On Friday the RBI has augmented FPI ceiling through masala bonds which are being increasingly used by corporates to raise foreign debt. Some of the recent masala bond issue are from public run enterprises that include NTPC and NHAI. For ...
Rupee opens flat at 60.50 to the dollar
The rupee opened the day flat at 60.50 to the dollar, virtually unchanged over Friday's levels. Strong GDP numbers and good global cues, helped a steady opening across the currency markets in India. The rupee has been gaining strength against ...
Investment sub-limit for foreign fund in govt papers hiked
Mumbai: The Reserve Bank on Wednesday doubled the sub-limit for investment in government securities to USD 10 billion by long-term investors like sovereign wealth funds and foreign central banks, with a view to attract more funds. "It has now been ...
Rupee trades strong at 61.81 to the dollar
The rupee was trading marginally strong to the dollar at 61.81, after resumption of normal trading in the forex markets. The currency had closed at 61.90 to the dollar on Jan 1, amidst thin volumes. The rupee is expected to ...
RBI mulling pros & cons of bonds joining global indices
The finance ministry on Wednesday said the Reserve Bank of India (RBI) was looking into the feasibility of joining global indices for bonds with a view to attract foreign funds. "The Reserve Bank is examining all the pros and cons ...
What's driving the Sensex to such dizzy heights?
Economic fundamentals in India continue to remain weak with growth at a decade low, consumer inflation near double digits and manufacturing activity barely recording positive growth. Political uncertainty and the prospects of a hung parliament still loom in 2014 and interest ...
Rupee rallies to over 2-month high at 60.92
The rupee rallied to a two-month high of 60.92 against the US dollar in late morning deals today on persistent selling of the dollar by banks and exporters on the back of sustained capital inflows from foreign funds. The domestic ...
Sensex dips below 19,500; drops over 250 points
Mumbai: The benchmark S&P BSE Sensex continued to decline in mid-session trade Monday on persistent selling, mainly in banking, power, capital goods, PSU, metal and auto sectors, triggered by fall in global markets. The market sentiment was also affected adversely ...
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