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

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

Mumbai: The Indian rupee trimmed initial losses against the US dollar but was still quoted lower by 19 paise to 67.82 in early trade on dollar demand from banks and importers.
Sensex up 161 pts in ea

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

Rajkot: Gujarat Chief Minister Narendra Modi continued his tirade against Prime Minister Manmohan Singh over the falling rupee, saying both he and the domestic currency have turned 'mute'.
"There was

Stock markets on Monday continued to wilt under heavy selling on rupee plummeting to new lows, with BSE Sensex slumping 291 points to over 4-month low and NSE Nifty diving 93 points to end at lowest level in 11 months.

The government on Wednesday increased import duty on gold, silver and platinum to 10 per cent with a view to arrest the declining value of rupee and contain the fiscal deficit to 3.7 per cent of the GDP.

Mumbai: The BSE benchmark Sensex on Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil&gas, power, PSU and auto stocks after RBI lowered its G

New Delhi: Consumer confidence in India declined during the second quarter of this year putting it on third position globally with concerns of rupee devaluation and continuing inflation bothering urb

The last few weeks have been extremely turbulent. Stock markets have been moving up and down in crazy frenzy moves, bond yields have been galloping upwards resulting in falling bond prices, precious