Sensex clocks biggest gain in four years, up 727 points; Rupee jumps 140 paise to 63.84
Mumbai: A host of positive factors such as sustained gains in the rupee and easing tensions over Syria kept the stock markets upbeat for the fourth session on Tuesday with the benchmark S&P BSE S
Rajan effect on Rupee to continue this week as well: Analysts
Mumbai: Analysts and heads of treasuries at banks have opined that 'the Rajan effect' - the impact of the measures unveiled by new Reserve Bank Governor Raghuram Rajan - will continue to play out in
Govt will take hard decisions to curb inessential imports: FM
New Delhi: Union Finance Minister P Chidambaram on Saturday said 'hard decisions' would be taken in the next few days and weeks to trim wasteful expenditure and curb import of 'inessential' items.
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India must wait for kitty party
St. Petersburg: India will have to wait for much longer than it had hoped to play kitty party with the group of five emerging economies and draw support from a common currency pool.
Though the group
Indian rupee will correct itself, growth will bounce back: P Chidambaram
New Delhi: Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
Conceding
Gold tumbles by Rs 1,250 as rupee, markets recover
New Delhi: Gold prices suffered the steepest fall in a week falling by Rs 1,250 to Rs 30,950 per ten grams here on heavy sell-off by stockists as equity markets and rupee recovered after RBI's fresh
Raghuram Rajan era begins at Mint St
Mumbai: Dr Raghuram Rajan swept into office as the 23rd governor of the Reserve Bank of India with a spectacular bunch of high profile, but down-to-earth changes that would be undertaken in the next
Sensex up 161 pts in early trade; IT stocks lead recovery
Mumbai: The BSE benchmark Sensex on Wednesday recovered over 161 points in early trade after yesterday's steep fall, on the back of rally in IT, healthcare and metal sector stocks due to fresh buying
PM for orderly exit from unconventional monetary policies
New Delhi: Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an ‘orderly exit’ from unconventional monetary policies being
Raghuram Rajan unveils big initial package, promises more
Mumbai: New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focu