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Sensex touches Nifty

Sensex touches 37,000 mark, Nifty remains above 11,000

The market indices witnessed record-high openings on Thursday as BSE’s Sensex touched the 37,000 mark for the first time. The Nifty, on the other hand, scaled a lifetime high of 11,172. All sectoral indices are trading in green, with maximum gains registered in PSU banks, energy and metal sectors. The Indian rupee opened at Rs 68.71 per dollar, against its previous

India emerges as world's 6th largest economy, surpasses France: WB data

India emerges as world’s 6th largest economy, surpasses France: WB data

NEW DELHI: India emerged as the world’s sixth largest economy in 2017 surpassing France and likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank. In 2017, India became the sixth largest economy with a Gross Domestic Product (GDP) of US$

Rupee up 10 paise to 68.42 against US dollar

Rupee up 10 paise to 68.42 against US dollar

Mumbai – The rupee pared its initial gains, while trading 15 paise higher at 68.42 against the American currency in late morning deals on continued bouts of dollar selling from banks and exporters. The rupee resumed sharply higher at 68.32 from yesterday’s closing level of 68.57 at the inter-bank foreign exchange here. The Indian unit

Rupee falls 12 paise to 68.86 against US dollar

Rupee falls 12 paise to 68.86 against US dollar

Mumbai(PTI) – The rupee declined 12 paise to 68.86 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market. Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore

Foreign investment into Indian real estate at $2.6 bn in 2017

Foreign investment into Indian real estate at $2.6 bn in 2017

NEW DELHI: Foreign investment into the Indian real estate sector stood at $2.6 billion in 2017, a Knight Frank report said here. According to Knight Frank India Chairman and MD, Shishir Baijal, inflow of foreign capital into the segment registered a 31 per cent growth on a year-onyear basis in 2017.“Cross-border capital inflows to India

India's external debt rises over $529 bn

India’s external debt rises over $529 bn

Mumbai (IANS) – India’s total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday. According to the RBI, external debt rose to $529.7 billion from $471.3 billion reported for the corresponding period of 2017, on the back of

Indians' money stashed in Swiss banks rise 50 pc to Rs.7,000 crore

Indians’ money stashed in Swiss banks rise 50 pc to Rs.7,000 crore

ZURICH/NEW DELHI: Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion or Rs 7,000 crore in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 per

Rupee touches all time low, crosses 69 per dollar mark

Rupee touches all time low, crosses 69 per dollar mark

Mumbai(IANS) – The Indian rupee touched an all-time low and breached the 69 per dollar mark on Thursday due to high crude oil prices and weak macro-economic fundamentals.At 2.44 p.m., rupee was at 68.92 against the previous closing level of 68.61 per greenback. The rupee’s last record low was 68.87 per dollar, hit on November

Rupee holds high

Rupee holds up high, surges 16 paise against dollar to 64.89

Rupee holds high: The rupee started with a high today strengthening 16 paise to 64.89 against the dollar after the European Central Bank (ECB) said it would soon taper off its monetary stimulus.It got more lift from fresh selling of the US currency by exporters and banks amid stronger domestic equities.The dollar’s weakness against the

Rupee drops 16 paise against dollar

Rupee drops 16 paise against dollar

Rupee drops 16 paise against dollar. The rupee took more blows today as it slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and the prospect of monetary stimulus pullout.The US Fed’s policy decision and commentary

Indian Rupee drops by 26 paise to 64.53 against US dollar

Indian Rupee drops: The rupee fell sharply by 26 paise to 64.53 against the dollar at the interbank forex market in early trade today as the greenback strengthened overseas.Forex dealers said the greenback rose against other currencies overseas as expectations of rate hike by the US Federal Reserve grew stronger.The US Federal Reserve yesterday kept

Rupee rebounds 8 paise against dollar in early trade

Rupee rebounds 8 paise against dollar in early trade

Rupee rebounds 8 paise against dollar in early trade on increased selling of the dollar by exporters and banks.Currency traders said weakness in the dollar against major world currencies overseas supported the rupee. A higher opening in the domestic equity market gave the uptrend some momentum, they added.Yesterday, the rupee had declined by 11 paise

Rupee climbs 17 paise

Rupee climbs 17 paise against dollar to 63.87

Rupee climbs 17 paise against dollar to 63.87. The rupee strengthened 17 paise to 63.87 against the US dollar in early trade at the Interbank Foreign Exchange today.Selling of the US currency by exporters and banks amid a higher opening in domestic equities helped the rupee gain against dollar, dealers said. The dollar’s weakness against some

Rupee goes up 7 paise against dollar to 64.05

Rupee goes up 7 paise against dollar to 64.05

Rupee goes 7 paise up against dollar to 64.05. The rupee today went up 7 paise to 64.05 against the dollar that remained shaky after US President Donald Trump’s comments about a government shutdown.The dollar’s global weakness was mostly an offshoot of President Donald Trump’s threat, who said he was willing to risk a government

Rupee stretches gains, up 5 paise at 64.05

Rupee stretches gains, up 5 paise at 64.05

Rupee stretches gains, up 5 paise at 64.05. The rupee firmed up by 5 paise to 64.05 against the US dollar in early trade today on sustained selling of the American currency by banks and exporters.Forex dealers said besides continued selling of the greenback, weakness in dollar against other currencies overseas and a higher opening

Rupee Gains 8 Paise against Dollar in Early Trade

Rupee Gains 8 Paise against Dollar in Early Trade

Rupee Gains 8 Paise against Dollar in Early Trade. The rupee advanced by 8 paise to 64.06 against the US dollar in early session on Tuesday on increased selling of the US currency by exporters and banks.Besides, the dollar’s weakness against major currencies overseas and a higher opening in domestic stocks kept the domestic unit

Rupee rebounds 17 paise

Rupee rebounds 17 paise against US dollar

Rupee rebounds 17 paise against US dollar. Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade on Monday on fresh selling of the American currency by exporters.Besides, the dollar’s weakness against some currencies overseas and early gains in the domestic equity market supported the

Rupee dives against US dollar

Rupee dives 26 paise against US dollar

Rupee dives 26 paise against US dollar. The rupee tumbled by 26 paise to 64.10 against the US dollar in early trade today on increased demand for the American currency from importers and banks amid foreign fund outflows.Besides, the dollar recovering from eight-week lows against some currencies overseas and a lower opening in the domestic

Rupee slips 16 paise against US dollar in early trade

Rupee slips 16 paise against US dollar in early trade

Rupee slips 16 paise against US dollar in early trade. The rupee weakened by 16 paise to 63.79 against the US dollar in early trade on Wednesday as the greenback firmed up overseas amid a lower opening in the domestic equity market.Forex dealers said apart from the dollar’s gains against some other currencies overseas, a

Rupee against US dollar

Rupee softens 14 paise against US dollar

Rupee against US dollar :  The rupee weakened 14 paise to 63.72 against the US dollar in early trade at the Interbank Foreign Exchange today, following fresh demand for the American currency from banks and importers.Moreover, the US dollar’s gains against some currencies overseas on strong jobs data put the rupee on backfoot, forex dealers