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Rupee extends falls; weaker stocks hurt

Last Updated: Monday, May 26, 2014, 16:48

The rupee is trading at 58.86/87 versus its Friday`s close of 58.52/53, after falling as low as 58.93 tracking losses in the domestic share market and on some dollar short-covering ahead of Narendra Modi`s swearing-in ceremony.

ECGC net up 48% at Rs 361 cr in FY14

Last Updated: Monday, May 19, 2014, 19:16

The Export Credit Guarantee Corporation of India (ECGC) on Monday reported a 48 per cent rise in net income at Rs 360.7 crore for the fiscal ending March, driven by rupee fall and business growth.

India Ratings pegs fiscal deficit crossing 5% on Rupee fall

Last Updated: Thursday, September 26, 2013, 21:29

India Ratings Thursday said the government is likely to miss the fiscal deficit target of 4.8 percent this fiscal due to the recent steep fall in rupee, and pegged the gap at over 5 percent.

'Allow PSUs to issue quasi sovereign bonds to stem rupee slide'

Last Updated: Tuesday, September 17, 2013, 18:48

Debt inflows could result in two ways, either sovereign bond issue by the government or encouraging PSUs with strong balance sheets to issue corporate bonds, the study said.

Rupee, inflation to weigh on upcoming RBI policy review: PMEAC

Last Updated: Monday, September 16, 2013, 18:35

"All that I can say is that the RBI, I believe, will take into account the behaviour of inflation as well as what is happening in the foreign exchange market and take a decision," he said on the sidelines of an Assocham organised event here.

Rupee fall may jack up premium on car insurance: Industry

Last Updated: Sunday, September 08, 2013, 14:05

The rupee has depreciated more than 20 percent since May and is hovering around 65 per dollar as of now. This has pushed up costs of imported spares of most of the automakers in the country.

India's crisis within a crisis; FM fights on two fronts

Last Updated: Monday, September 02, 2013, 09:04

In many ways, Chidambaram has been grappling virtually alone with India's economic emergency since he became finance minister for a third time 13 months ago.

Shivraj blames Manmohan Singh for the poor state of the economy

Last Updated: Sunday, September 01, 2013, 21:50

Slamming PM Manmohan Singh for the poor state of economy and the slide of the Indian rupee, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today blamed him for damaging the country`s image.

'India should keep option open for IMF credit'

Last Updated: Sunday, September 01, 2013, 14:19

India's forex reserves decreased by USD 1.08 billion to USD 277.72 billion for the week ended August 23, according to the latest RBI data.

Hiring outlook weakens on falling Re; bad days ahead: Experts

Last Updated: Sunday, September 01, 2013, 13:45

The weakening economy, inflationary pressures and falling rupee has had a detrimental impact on the companies' bottom lines, thereby creating uncertainty amongst companies and adversely impacting their talent management strategies.

Rupee's deadly dive — where will it hurt the most?

Last Updated: Saturday, August 31, 2013, 12:29

The apparent slump isn’t singular to the stock market and the corporate world. The common man too has quite a considerable chunk in the woes that come in the aftermath of rupee’s ugly downfall.

Rupee gains 85 paise to 65.70 per dollar after PM's comments

Last Updated: Friday, August 30, 2013, 18:26

The rupee got a boost Friday from the Prime Minister's assurances in Parliament on combating the currency's fall and reviving economic growth, gaining 85 paise to close at 65.70 against the dollar.