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India growth projections marginally downgraded by IMF

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Washington: Revising its economic outlook, International Monetary Fund (IMF) on Tuesday marginally brought down India's growth rate projections to 5.6 per cent for this fiscal and 6.3 per cent for th

RBI imposes restrictions on banks for currency F&O trading


Mumbai: Seeking to arrest the declining value of rupee, the Reserve Bank has imposed restriction on banks with regard to trading in currency Futures and Options (F&O) with immediate effect.

Rupee falls below 61/dollar to record low

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Mumbai: The rupee fell to a record low on Monday as an emerging markets selloff after strong U.S. jobs data laid bare the currency's vulnerability and dependence on capital inflows to fund its record

Global meltdown: Sensex down 286 points as Weak Rupee, costly oil hurts


Mumbai: The Sensex on Wednesday tumbled by 286 points to end at 19,177.76 as rupee breaching the 60-mark and draft norms on banks' exposure to corporates with unhedged forex triggered all-round selli

US Federal Reserve decision may affect IPOs

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Mumbai: With high bouts of volatility being experienced in the secondary market and global liquidity expected to tighten once the US Federal Reserve starts scaling back its quantitative easing progra

Reforms, global cues may guide markets this week


Buoyed by lesser than expected current account deficit and the revision in gas prices, markets recouped most of their recent losses to close the week ended on a optimistic note.
On the BSE, the Sense

Energy reforms fuel Sensex's 520 points spurt; RIL, ONGC sparkle


Mumbai: Indian markets were on fire on Friday with Sensex zooming by 520 points, its biggest gain in 22 months, with energy firms RIL and ONGC leading the surge fuelled by steep hike in gas price ami

India's current account deficit lowers to 3.6%

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Mumbai: India's current account deficit narrowed to 3.6 per cent of gross domestic product in the first quarter of 2013, down from a record high in the previous quarter, data showed Thursday.

Rupee up 32 paise vs dollar in early trade

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Mumbai: The rupee on Thursday recovered from its all-time lows by rising 32 paise to 60.40 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US curren

No need for panic on Rupeee dip, RBI will take necessary action: Chidambaram

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New Delhi: Expressing unhappiness over decline in the value of Rupee, Finance Minister P. Chidambaram on Friday said there was no need for panic and the Reserve Bank will take action when necessary.

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