Mumbai: 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

Fitch Ratings cut India’s growth forecast for the current financial year to 4.8 per cent, saying weak demand is a large drag on the economy.

Mumbai: 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 supportiv

Mumbai: The benchmark BSE S&P Sensex on Friday slumped the most in almost three weeks, closing down 383 points after the RBI unexpectedly hiked the repo rate to check inflation.
The Sensex fell a

New Delhi: With arrival of imported onions in the wholesale market, prices of the kitchen staple on Friday came down by Rs 10 but retail prices continued to remain high at Rs 70-80 per kg.
According

Boston: Hackers are gearing up for Friday's iPhone 5S release with a contest to crack the device's first-ever fingerprint scanner, a high-tech feature that Apple Inc says makes users' data more secur

Mumbai: The Reserve Bank of India unexpectedly raised its policy interest rate by 25 basis points on Friday but rolled-back some of the measures it had implemented to support the battered rupee curre

Mumbai: Amidst the euphoria created by the US Federal Reserve’s decision to continue with the quantitative easing programme without a timeline, the government has advised caution while the banks are

Mumbai: Gulf carrier Etihad Airways on Thursday said it plans to more than triple number of seats on its Delhi and Mumbai routes from November following the Union Cabinet's approval to increase bilat

Mumbai: The country's largest lender, State Bank of India, today increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review."State Bank of India