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Rupee ends steady at 64.45 against dollar

Rupee ends steady at 64.45 against dollar

Asian and emerging market currencies breathed a sigh of relief overnight after Fed Chair Janet Yellen indicated monetary policy tightening policy will be gradual.

Rupee enters 65-terrain after 17 months, up 13 paise at 64.91 vs USD

Rupee enters 65-terrain after 17 months, up 13 paise at 64.91 vs USD

The rupee on Wednesday stormed to a new 17-month high and closed above 65, a level not seen since October 2015, on heavy dollar selling by speculative traders and exporters.

Asian shares at 9-month highs on inflow bets; dollar strong

Asian shares at 9-month highs on inflow bets; dollar strong

Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on growing bets of a U.S. rate increase as early as September.

Encouraging any industry surest way of killing it: Raghuram Rajan

Encouraging any industry surest way of killing it: Raghuram Rajan

In a strong disapproval of sector- specific sops, Reserve Bank Governor Raghuram Rajan has said "encouraging" any industry may be the surest way of killing it and policymakers should refrain from dictating the course of a business.

 

Strengthening network key to insurance sector growth: Report

Insurers should embrace the digital space with a resilient cyber security framework to disrupt the traditional business structures, it said, adding that cyber-security is a key risk area for insurance.

Govt clears 10 FDI proposals worth Rs 1,675 crore

Government has cleared 10 foreign direct investment (FDI) proposals entailing capital inflows of Rs 1,675.15 crore into the country.

Mutual fund folio count rises by 3.5 lakh in FY'15 so far

Driven by addition in equity fund folios, mutual fund houses have registered a rise of over 3.5 lakh investor accounts in the first eight months of the ongoing 2014-15 fiscal.

Nifty to hit 9,500 by end-2015 on capital inflows: Goldman

Top US brokerage Goldman Sachs Thursday said it is bullish on India and sees Nifty hitting 9,500 -mark by end-2015 due to strong capital inflows in the country which is expected to become fastest-growing large emerging market economy in the 2016-18 period.

Sensex comes off record high, fails to hold 28K-level

The National Stock Exchange index Nifty after scaling a new peak of 8,455.65 at the outset, succumbed to widespread profit-booking and slipped below the 8,400-mark to quote 61.95 points, or 0.74 percent, lower at 8,363.95.

Sensex recovers 48 points in early trade on capital inflows

The 30-share index, which had slipped from record-high by falling 68.26 points in yesterday's trade, gained 48.37 points, or 0.17 per cent, to 27,989.01.

Mutual fund asset base at record high of Rs 11 lakh cr in Oct

The mutual fund industry's assets under management (AUM) climbed to record high of nearly Rs 11 lakh crore in October on the back of strong capital inflows and surge in equity markets.

Economy warms in after-glow of Modi's triumph

India`s new prime minister has promised to make it easier to do business through speedier clearances and stable tax policies, allowing investors in Asia`s third-largest economy hope of a rosier future after years of low growth and high inflation.

Rupee snaps 2-week losing streak; ends at 60.10 Vs dollar

In last two-weeks, rupee had plunged by 56 paise or 0.94 percent.

Nifty hits new lifetime high of 7,809.20 on capital inflows

Brokers said market sentiments were upbeat on sustained capital inflows and widespread buying by retail investors.

Sensex hits life-time peak of 25,828.11; Nifty at 7,723.55

The BSE Sensex hit its life-time peak of 25,828.11 in afternoon trade Wednesday on widespread buying.

Sensex scales new record high of 25,735.87; Nifty hits 7,700

The benchmark BSE Sensex on Wednesday hit another life-time high of 25,730.42 on sustained capital inflows as the new government unveiled its agenda for economic reforms.

Dena Bank seeks Rs 1,200 cr in capital from govt in FY15

State-run lender Dena Bank has sought Rs 1,200 crore in capital from Government in FY15 on the basis of its targeted business growth.

India halts plan to join global bond indexes, defers Euroclear: Sources

India has put on ice plans to join major emerging market bond indexes that would require removal of restrictions on capital inflows, two sources said, taking a decision that knocked the rupee, but showed balance of payments concerns were easing.

Rupee drops 48 paise to 61.55 against dollar

The rupee ended two sessions of gains and fell 48 paise to 61.55 against the dollar after weak inflation and industrial output data amid fresh demand from importers for the US currency.

Rupee rises another 32 paise to fresh 2-month high of 61.07 Vs dollar

The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.