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Planning Commission Deputy Chairman Montek Singh Ahluwalia says that the year 2009 is going to be worse than 2008, As the world faces an economic crisis, The Indian economy will log a growth of less than 7 percent this fiscal.The senior policymaker also...
Tags: depression, recession, money, rupee, economy, crisis, u.s., india
The local unit recorded its high at 50.65 and low at 50.48 per US dollar in the intra-day trading today. Rupee climbed today as rising Asian stock markets revived hopes of capital inflows into the local share market, dealer said. Last week, the rupee...
Tags: rupee, market, stock market, dollar, asian markets
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee...
Tags: stock market, rupee, fii, nifty
The Indian rupee was largely steady in early trade on Wednesday as traders awaited cues from the stock market open but the dollar's strength against major currencies overseas weighed on sentiment. At 9:04 a.m., the partially convertible rupee was at 51.97/50.02,...
Tags: rupee, dollar, stock market, rbi
The weakness was on account of weak global markets that closed much below their October lows. The local markets showed signs of gathering momentum and witnessed fresh long build-ups. The discount in Nifty futures narrowed to 5 points from 21 points during...
Tags: stock market, bse, nifty, rupee, rbi
Gold buyers in India ignored the wedding season and postponed purchases as they grappled with never-before prices, traders and dealers said. The flow of scrap gold gained more momentum, they added. "Nobody is interested in buying...," said Daman Prakash,...
Tags: gold price, market, dollar, rupee
The mood in the coming days will be decided by the pace of the rate cuts," he said...Dealers said the bearish mood in the stock market and dollar strength seems to be taking a toll on the local unit. The dollar rose to a two-month high against a basket...
Tags: stock market, rupee
Equities are seen starting lower on Thursday after losses in Asian markets on rising risk aversion on uncertainty about the global outlook. There could be some support from industrial output and inflation data due around noon, traders said. "We are likely...
Tags: inflation, rupee, asian markets, asian stocks
Last week, appetite for risk among investors and market participants improved due to hopes of a speedy passage of US President Barack Obama's economic stimulus package. Economic data also triggered hopes that the global economic slide might be bottoming...
Armed with an improved demand as well as despatches, cement makers will shortly hike prices by Rs 5 per 50 kg bag in a couple of weeks across the country, said dealers in Mumbai and Gujarat. The proposed price hike is in addition to the Rs 2 per bag increase...
Tags: rupee