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Rupee hits all-time low of 60; will act when necessary, govt says

Times of India,MUMBAI: The rupee trimmed its early losses but was still quoted lower by 83 paise to 59.53 per dollar after hitting 60-level on strong demand for the American currency from banks and importers amidst sharp fall in equity market. We are not short of actions or...,-,

Rupee hits record low on Fed plans, nears 60 against dollar

NDTV,The rupee slumped to a record low on Thursday, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on foreign capital inflows to fund its current account deficit.

EU fines Ranbaxy, 8 others for blocking cheaper drugs

Firstpost,Nine drugmakers, including Denmark's Lundbeck and India's Ranbaxy, were fined a total of 146 million euros by EU antitrust regulators on Wednesday for blocking the supply of a cheaper anti-depressant medicine to the market. The punishments follow a...

Sensex sinks below 19000 mark

The Hindu,The BSE Sensex fell below the 19,000 level due to all-round selling pressure as the rupee hit record low against the dollar coupled with weak global cues. The Sensex resumed lower at 19,069.20 and dropped further to a low of 18,822.65 before quoting at...,-,

Gold prices down in futures trade on global cues, subdued demand

Business Today,Tracking a weak trend overseas, gold prices fell 0.42 per cent to Rs 27,894 per 10 gm in futures trade on Thursday as participants reduced their positions. Besides, subdued spot demand also weighed on the prices. At the Multi Commodity Exchange, gold for...,

Tata Coffee stirs it up with instant coffee push

Daily News & Analysis,Tata Coffee, India's largest coffee producer and exporter, is trying to achieve the same feat for instant coffee, too. The opening of a new premium coffee extraction plant at Theni in Tamil Nadu reflects the ongoing recalibration in the business strategy. With an...,

FII bond sales taper, but will they return?

Daily News & Analysis,While bond sales by foreign institutional investors (FIIs) may be coming to an end, the bad news is they are unlikely to take large bets on Indian debt anytime soon, aver experts. Though the US Federal Reserve is unlikely to signal an abrupt end to its...

RBI likely sold dollars after rupee hit record low of 59.93

Reuters India,MUMBAI | Thu Jun 20, 2013 11:28am IST. MUMBAI (Reuters) - The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling...

India unlikely to cancel Friday's bond auction for now - officials

Reuters India,MUMBAI | Thu Jun 20, 2013 11:45am IST. MUMBAI (Reuters) - The Reserve Bank of India is unlikely to cancel Friday's 150 billion rupee bond auction for now, officials close to the development told Reuters on Thursday. The 10-year benchmark 7.16 pct 2023...,-,

With 8 upgrades, TaMo gears up for rebound

Daily News & Analysis,Tata Motors, India's biggest commercial vehicle manufacturer, is girding up to bounce back in the passenger vehicles segment even as it plans new products as part of its 2020 strategy. On Tuesday, the company launched 8 upgraded vehicles across 5...

Why you should hold on to your stocks even if Fed stops easing

Firstpost,The US Federal Reserve has given a clear time frame for stopping its bond purchase programme. The Fed said on Wednesday that it expects to wind down its bond purchase programme by mid 2014. The Fed expects US unemployment rate to come off to...

New international terminal at Chennai airport to open in July

The Hindu,Five months after it was inaugurated, the new international terminal at Chennai airport may be thrown open for public use in July. Despite the delay in commissioning, this terminal may not operate independently. The old terminal too may function...,

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