indian rupee

Crisil cuts India’s growth forecast to 5.5 percent


August 7th, 2012 - 4:54 pm ICT by IANS
Mumbai, Aug 7 (IANS) Research and ratings agency Crisil Tuesday cut India's economic growth forecast to 5.5 percent for the 2012-13 financial year from its earlier estimate of 6.5 percent, ... Read more...

Posted in Business |

Dileep, Swetha Menon win top honours at Kerala film awards


July 19th, 2012 - 5:03 pm ICT by IANS
Thiruvananthapuram, July 19 (IANS) Popular actor Dileep Thursday won the best actor award at the Kerala State Film Awards, his first, for his role in "Velaripravinte Changathi", while Swetha Menon ... Read more...

Posted in Entertainment |

New Rs.10 and Rs.50 banknotes soon with rupee symbol


July 19th, 2012 - 2:56 pm ICT by IANS
Mumbai, July 19 (IANS) The Reserve Bank of India (RBI) said Thursday it will soon issue Rs.10 and Rs.50 denomination banknotes incorporating the rupee symbol which was officially adopted in ... Read more...

Posted in Business |

IMF pares India’s growth to 6.1 percent


July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...

Posted in World |

India’s forex reserves plunges by $336 million


July 14th, 2012 - 5:31 pm ICT by IANS
Mumbai, July 14 (IANS) India's foreign exchange reserves (forex) plunged by $336.5 million to $287.62 billion in the week ended July 6, data from India's central bank showed.The Reserve Bank ... Read more...

Posted in Business |

Indian rupee slips below 56 against the dollar


July 9th, 2012 - 4:29 pm ICT by IANS
Mumbai, July 9 (IANS) The Indian rupee slipped below 56 against the dollar Monday, the lowest level in more than a week, tracing similar weakness in other Asian currencies ... Read more...

Posted in Business |

Inflation to soften by mid-October: Kaushik Basu


July 3rd, 2012 - 8:51 pm ICT by IANS
Chennai, July 3 (IANS) Inflation would continue at the 7.5 percent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief ... Read more...

Posted in Business |

‘Indian rupee a victim of unstable global emerging market’


June 29th, 2012 - 10:15 pm ICT by IANS
Panaji, July 29 (IANS) The Brazilian real has taken as bad a battering as the Indian rupee, Morgan Stanley Investment Banking India managing director Aisha de Sequeira said Friday, adding ... Read more...

Posted in Business |

Rupee notes come floating in Guwahati!


June 25th, 2012 - 9:24 pm ICT by IANS
Guwahati, June 25 (IANS) Monsoon rain which usually brings only water-logging brought riches in the form of floating Indian rupee notes in some parts of Guwahati Monday.When most people were ... Read more...

Posted in Health Science |

RBI to notify steps to revive economy, rupee: Mukherjee (Lead)


June 25th, 2012 - 3:35 pm ICT by IANS
New Delhi, June 25 (IANS) Finance Minister Pranab Mukherjee said Monday the Reserve Bank of India (RBI) would announce measures later in the day to help revive the battered ... Read more...

Posted in Business |

RBI to announce measures to revive rupee: Mukherjee


June 25th, 2012 - 2:34 pm ICT by IANS
New Delhi, June 25 (IANS) Finance Minister Pranab Mukherjee said Monday the Reserve Bank of India (RBI) would announce measures later in the day to help revive the battered ... Read more...

Posted in Business |

‘India must cut subsidies, push reforms to defend rupee’


June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...

Posted in Business |

Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)


June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...

Posted in Business |

Rupee in free fall, slips below 57 against dollar


June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...

Posted in Business |

Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...

Posted in Business |

Rupee hits record low of 56.55 against dollar


June 21st, 2012 - 3:09 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.55 against a dollar Thursday due to increased demand for the American currency by exporters and weak ... Read more...

Posted in Business |

Sensex up 106.32 points; FMCG, oil stocks surge


June 19th, 2012 - 2:48 pm ICT by IANS
Mumbai, June 19 (IANS) A benchmark index of Indian equities markets was trading 106.32 points higher around noon Tuesday led by good buying support for fast moving consumer goods ... Read more...

Posted in Business |

‘Pact with France soon for Jaitapur nuclear plants’


June 16th, 2012 - 11:02 pm ICT by IANS
On Board Air India One, June 16 (IANS) India hopes to seal by the end of the year a pact with France for multiple nuclear energy units at Jaitapur in ... Read more...

Posted in World |

Sensex rises 159 points; auto, banking stocks surge


June 15th, 2012 - 2:52 pm ICT by IANS
Mumbai, June 15 (IANS) A benchmark index of Indian equities markets was trading 0.96 percent higher in the afternoon session Friday led by good buying support in automobile, banking ... Read more...

Posted in Business |

S&P; warns India risking investment downgrade; Rupee, Sensex fall


June 11th, 2012 - 9:18 pm ICT by IANS
Mumbai, June 11 (IANS) International ratings agency Standard and Poor's Monday warned that India may lose its investment-grade rating because of slowing growth and political roadblocks to economic policy-making, ... Read more...

Posted in Business |

CPI-M opposes FDI in multi-brand retail


June 11th, 2012 - 7:16 pm ICT by IANS
New Delhi, June 11 (IANS) The CPI-M Monday came out strongly against opening up the FDI in multi-brand retail as well as upping foreign direct investment (FDI) limits in banking ... Read more...

Posted in Politics |

Modi steps up attack on Congress-led UPA


June 10th, 2012 - 5:06 pm ICT by IANS
Rajkot, June 10 (IANS) Stepping up his attack on the United Progressive Alliance (UPA) government at the centre, Gujarat Chief Minister Narendra Modi said Sunday that the country is ... Read more...

Posted in Politics |

Rupee will stabilise in around current range: Anand Sharma


June 5th, 2012 - 5:27 pm ICT by IANS
New Delhi, June 5 (IANS) The Indian rupee, which hit a record low of 56.52 against the dollar last week, is likely to stabilise soon at around the current range, ... Read more...

Posted in Business |

Present economic crisis not similar to 1991: Pranab


June 4th, 2012 - 8:00 pm ICT by IANS
New Delhi, June 4 (IANS) Despite a sharp slowdown in economic growth, high inflation and record fall in the value of rupee, Finance Minister Pranab Mukherjee Monday emphasised that ... Read more...

Posted in Business |

SBI teams with Geojit BNP Paribas for NRI stocks investments


June 4th, 2012 - 6:59 pm ICT by IANS
Kochi, June 4 (IANS) Geojit BNP Paribas Financial Services and State Bank of India inked an agreement to extend Portfolio Investment Services (PIS) to non-resident Indian (NRI) customers, mainly ... Read more...

Posted in Business |

India’s forex reserves drop by $1.74 billion


June 2nd, 2012 - 3:43 pm ICT by IANS
Mumbai, June 2 (IANS) India's foreign exchange reserves fell by $1.74 billion to $290 billion for the week ended May 25, the Reserve Bank of India (RBI) data showed Saturday.The ... Read more...

Posted in Business |

Amid Western pressure, India, Iran seek closer economic ties (Roundup)


May 31st, 2012 - 10:03 pm ICT by IANS
New Delhi, May 31 (IANS) Amid mounting Western pressure, India Thursday underlined that unilateral sanctions should not impact upon its "legitimate trade interests" with Iran as Tehran urged ... Read more...

Posted in Uncategorized |

Rupee closes at record low of 56.23 against dollar (Lead)


May 30th, 2012 - 9:27 pm ICT by IANS
Mumbai, May 30 (IANS) The Indian rupee hit a record closing low of 56.23 against dollar Wednesday due to increased demand for the American currency by importers for month-end payments ... Read more...

Posted in Business |

Rupee again slips below 56 against dollar


May 30th, 2012 - 4:09 pm ICT by IANS
Mumbai, May 30 (IANS) The Indian rupee slipped below the psychologically important level of 56 against a dollar Wednesday, for the first time in almost a week, and is ... Read more...

Posted in Business |

Depreciating rupee boon for Indian manufacturing exporters


May 29th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 29 (IANS) While the depreciating rupee is giving sleepless nights to many, it is a huge opportunity for India's manufacturing exporters as their goods are now cheaper ... Read more...

Posted in Business |

No impact of rupee slide on banks: SBI chief


May 28th, 2012 - 9:59 pm ICT by IANS
Bangalore, May 28 (IANS) The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) ... Read more...

Posted in Business |

Rupee rises for third day in a row


May 28th, 2012 - 8:49 pm ICT by IANS
Mumbai, May 28 (IANS) After hitting a record low of 56.40 against the dollar last week, Indian rupee strengthened for the third consecutive session Monday, helped by the Reserve Bank ... Read more...

Posted in Business |

Rupee’s devaluation due to national, international factors: Pranab


May 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, May 27 (IANS) Union Finance Minister Pranab Mukherjee Sunday attributed the cumulative effect of several national and international factors, including the Eurozone crisis, for the devaluation of the ... Read more...

Posted in Business |

India’s forex reserves drop by $1.80 billion


May 26th, 2012 - 5:31 pm ICT by IANS
Mumbai, May 26 (IANS) India's foreign exchange reserves fell by $1.80 billion to $290 billion for the week ended May 18, registering a sharp drop for the third week in ... Read more...

Posted in Business |

BJP promises NDA government at centre by 2014


May 26th, 2012 - 1:05 am ICT by IANS
Mumbai, May 25 (IANS) Bharatiya Janata Party chief Nitin Gadkari Friday asserted that the party-led National Democratic Alliance (NDA) government would rule the centre after the 2014 general elections."A ... Read more...

Posted in Politics |

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