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- Rupee slumps to 32-month low against dollar
Mumbai, Nov 18: The value of Indian rupee slumped to Rs.51.30 against the US dollar today, the lowest in 32 months, due to increased demand for greenback from importers, fall in stock markets ....
- PM hopes for consensus on top IMF job, slams Western monopoly
New Delhi, May 28: Questioning the monopoly of Western powers in the International Monetary Fund, Prime Minister Manmohan Singh today said top positions in international financial institutions....
- India to introduce new rupee symbol on currency soon
New Delhi, May 23: India will soon introduce new rupee symbol and extra security features on its bank notes in a bid to tackle the problem of fake currency, Finance Minister Pranab Mukherjee s....
- Highlights of monetary policy unveiled by India's central bank
Mumbai, May 3: Following are the highlights of the monetary policy for this fiscal unveiled by the Reserve Bank of India (RBI) Governor D. Subbarao today:
-- Repo rate hiked by 50 bas....
- Highlights of monetary policy update by India's central bank
Mumbai, April 20: Following are the highlights of the annual policy statement for fiscal 2010-11 presented by Reserve Bank of India Governor D. Subbarao before CEOs of commercial banks here tod....
- Reliance Money plans to sweep market with new product
Kolkata: Reliance Money, distribution and broking brand of Reliance Securities Ltd (RSL), today launched a new product for customers, allowing unlimited equity trading for a fee of Rs.6,000 for....
- Microfinance scheme for transgenders, marginalised women
Chennai: In a bid to empower transgenders and marginalised women, a microfinance programme was launched by Tamil Nadu TAI Vizhudugal Federation (TAIVF) here today under which 16 groups were giv....
- Small and micro enterprises to get more outlay
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today approved increased allocations for the Cluster Development Programme for development of 26 million Small and Micro Enterprises ....
- Russia, India could reach $10 bn annual trade in 2010: Kremlin
Moscow: Russia and India could reach an annual trade of $10 billion in 2010, the Kremlin has said.
Indian Prime Minister Manmohan Singh is in Russia on a three-day official visit on a....
- Amway to invest Rs.550 mn in its Himachal plant
Shimla: Amway India Enterprises will invest Rs.55 crore (Rs.550 million) to treble capacity at its Himachal Pradesh manufacturing unit by the end of this year, a senior company official said he....
- Shriram Leitwind to focus on exports this fiscal
Chennai: Windmill marketing company Shriram Leitwind Ltd is hoping to export nearly 50 percent of its 1.5-MW wind turbine generators produced this fiscal, a top official said.
Shrira....
- G-20 summit: Manmohan Singh arrives in Washington
Washington: Prime Minister Manmohan Singh arrived the US capital today to take part in a summit of the world's 20 biggest economies to consider ways of checking the global financial crisis and ....
- RBI slashes CRR, repo rate and SLR
New Delhi: In a move to ease the liquidity crunch hampering the India market, the Reserve Bank of India today slashed the cash reserve ratio (CRR) by 100 basis points to 5.5%, in two stages, in....
- Chidambaram holds meeting on financial turmoil
New Delhi: Ahead of a meeting among world leaders in Washington next month on the global financial crisis, Finance Minister P Chidambaram met with key policy makers and monetary experts in the ....
- Money-laundering laws to cover casinos, VISA
New Delhi: Money changers, money transfer service providers such as Western Union and credit card payment gateways like VISA and MasterCard will now come under the ambit of India's anti-money l....
- Rupee ends lower by 31 paise to 48.83/84 a dollar
Mumbai: The Indian rupee today dropped further by 31 paise to end at 48.83/84 against the greenback on sustained dollar demand from foreign banks amid a steep fall in Asian equity markets. Fore....
- Rupee down by 43 paise at 48.52/53 against a dollar
Mumbai: A sudden spurt in demand for US dollar today cut short the two-day winning stream of Indian rupee which closed the day at 48.52/53, weaker by 43 paise, against the greenback. Foreign Ex....
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India Inc appeals for Rs 1,000 bn liquidity
New Delhi: A day after the Indian government admitted that the global financial meltdown had caused liquidity problems in India, leading industry lobbies appealed to policymakers to inject Rs 1....
- Rupee down by 24 paise to 46.86 against US dollar
Mumbai: The Indian rupee today fell by 24 paise to 46.86 against the US dollar during morning trading on alternate bouts of dollar buying and selling by some corporates. In high volatility at t....
- Rupee down by 12 paise at 47.08 against a dollar
Mumbai: The Indian rupee once again today violated the 47-mark and was quoted lower by 12 paise at 47.08/09, against the US currency in late morning deals on the back of weakness in equity mark....
- Forex reserves swell to USD 291.97 billion
Mumbai: India's foreign exchange reserves jumped by USD 2.511 billion for the week ended September 19 to USD 291.972 billion from USD 289.461 billion despite dollar selling by the central bank ....
- Rupee weaker by 33 ps lower at 46.54 against a dollar
Mumbai: Sustained demand for the dollar further weakened the Indian rupee to 46.54/55, lower by 33 paise from its last close, against the greenback amidst a meltdown in global stock markets. Fo....
- Rupee dips by 21 paise to 46.42 a dollar in early trade
Mumbai: The Indian rupee fell by 21 paise to 46.42/43 against the greenback in morning trade today due to month-end dollar demand and sustained capital outflows amid weakening dollar overseas. ....
- Rupee eases by 6 paise against US dollar in early trade
Mumbai: After resuming on a steady note, the Indian rupee today reacted slightly downwards by six paise to 45.80/81 against the greenback in late morning deals. In lacklustre trade at the Inter....
- Rupee gains further by 40 paise in early trade today
Mumbai: The rupee gained by forty paise against US dollar at Rs 45.42/44 in early trade at the Interbank Forex market today on sustained selling of greenback from banks due to rise in equity ma....
- Rupee rises by 62 paise against US dollar in early trade
Mumbai: The Indian rupee rose by 62 paise to 46.27/28 against the US currency today as the Reserve Bank announced measures to ease the liquidity crunch and bolster the sliding currency. In a bi....
- Rupee dips by another 34 paise to hit 23-month low
Mumbai: The Indian rupee continued its slide for another day today and virtually hit a 23-month low of 45.45 during early trade largely due to strengthening dollar overseas amid increased press....
- Rupee breaches 45-level for first time after Nov 2006
Mumbai: The Indian rupee today breached the crucial 45-level against the US currency for the first time after November 2006 following sustained appreciation in dollar against major currencies i....
- Rupee hits 21-month low, may breach 45 to the dollar
New Delhi: The Indian rupee fell to 44.8 to one US dollar today, its lowest since December 12, 2006. The rupee has been falling since November 7, 2007 when it hit a peak of 39.27 to the dollar.....
- Rupee drops 20 paise in early trade today
Mumbai: The Indian rupee dropped by 20 paise against the greenback in early trade today on good demand for US dollar from banks in view of higher global advices. In active trade at the Interban....
- Inflation control to be top priority for new RBI head
New Delhi: Duvvuri Subbarao, who took over as the new governor of the Reserve Bank of India (RBI) for a three-year term today, has said that bringing prices down would top his immediate agenda.....
- Rupee appreciates further by nine paise in early trade
Mumbai: The Indian rupee appreciated further by nine paise to 43.43/44 against the US currency today in anticipation of continued intervention by the central bank in favour of the domestic unit....
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