The volatility in stock market has forced mutual fund retail investors to stay invested for the long term.
Bilateral trade between India and Israel can go up to $15 billion after the two countries are expected to sign a free trade agreement (FTA) by the year end, an Israeli envoy has said.
A day after the Reserve Bank of India (RBI) left interest rates unchanged, defying widespread demand for a rate cut, governor D Subbarao said on Tuesday that taming inflation was vital for long-term growth.
For once, there are enough straws in the wind that indicate the gold fever among Indian investors are receding. Firstly, May saw an actual outflow from the class of mutual funds called Gold ETFs (Exchange-Traded Funds).
The rupee today touched a two-week low of 56.13 but recovered some of the losses to close three paise down at 55.96 against the dollar amid foreign fund outflows and demand of the US currency from importers.
Gold zoomed to fresh record high of Rs. 30,750 per 10 gm in the national capital today on brisk buying by stockists and jewellers for the current wedding season and a firming global trend.
The rupee today again breached the 56-level by falling 12 paise to 56.05 against the US dollar in early trade on the Interbank Foreign Exchange.
Expressing disappointment over RBI's decision of leaving interest rates unchanged, India Inc today said there is an urgent need for rate cut to boost industrial growth and take economy to a higher trajectory.
The euro rose against the dollar and yen in Tokyo trade on Monday afternoon on news of a victory for pro-bailout parties in Greece's closely-watched general electi
The euro briefly hit 1.2747 in early trade, up from $1.2644 late Friday, as markets breathed a sigh of relief over the polls, which erased fears Greece may renege on terms of a bailout deal and ultimately exit the eurozone.
Retail prices of almost all everyday products and services surged in May, data on Monday showed, signalling the government’s inability to control household inflation, partly stoked by a falling rupee. HT
reports. Living is now costlier
The rupee today rose by 5 paise to trade at 55.35 against the US dollar in early trade at the Interbank Foreign Exchange as the American currency weakened against euro overseas.
A benchmark index of Indian equities markets on Monday closed the day's trade down 244 points at 16,705.83 points, as hopes of a rate-cut by the Reserve Bank of India in its mid-quarter review of monetary policy 2012-13 faded.
World powers breathed a sigh of relief on Monday after pro-bailout parties won Greece’s election but warned there was no time to lose to form a government committed to austerity measures.
After falling for five straight weeks, India's foreign exchange reserves grew by $1.52 billion to $287.37 billion for the week ended June 8, 2012, official data showed.
Amid bullish stock market, the cumulative market capitalisation of eight of the top 10 companies grew by Rs.39,723 crore, with state-run Coal India Ltd alone adding Rs.8,432 crore.