Economy News

India's Economic Growth Forecast: World Bank Projects 6.6% Growth for World's Largest Democracy by 2017

The World Bank has forecast India's economic growth at 5.5 percent in the fiscal year 2014-15, accelerating to 6.3 percent in 2015-16 and 6.6 percent in 2016-17, even as it projects a year of disappointing growth for developing countries.

Jun 11, 2014

Rupee Falls Flat by 10 Paise, Higher Inflows Resisted the Fall

Rupee depreciated by 10 paise at early trade on Tuesday at 59.24 a dollar against Monday's closing value of 59.20, due to increased demand for the US currency from importers.

Jun 10, 2014

Indian Rupee Gains 10 Paise, Worst Performing Yuan Expected to Surge by June End

Rupee VS Dollar: Rupee gained 10 paise at early trade on Monday at 59.08 a dollar against Friday's closing value of 59.18 per dollar.

Jun 9, 2014

Finance Minister to Meet Merchant Bankers Today in Mumbai

To envisage the outline of Fiscal year 2015, Finance Minister Arun Jaitley will meet merchant bankers in Mumbai on 7 June, Saturday.

Jun 7, 2014

FDI in Health Insurance Set to be Hiked to Health Insurance

The finance ministry is considering increasing the Foreign Direct Investment (FDI) in the insurance sector to 49 percent.

Jun 6, 2014

Rupee Touches 59.26 as Demand for Dollar Remains High

Rupee gained in the early trade on Thursday by seven paise as it opened at 59.26 per dollar, compared to previous day's closing value of 59.33-a-dollar.

Jun 5, 2014

Bollywood Films to Help India Meet its Trade Deficit with China; 'Dhoom 3' to Release as Part of Plan

India's trade deficit with China in the year 2013-14 is understood to be $35 billion, and to reduce the trade gap, the Indian commerce ministry will seek help from Bollywood films.

Jun 5, 2014

Rupee Slips in Early Wednesday Trade; Investors Place Hopes on Modi

The Indian rupee slipped in the early trade on Wednesday as it opened lower by 4 paise at 59.42 per dollar as against Tuesday's closing value of 59.38.

Jun 4, 2014

Rupee Remains Relatively Stable on Monday Morning; L&T Drives Market Up

The Indian rupee opened at 59.12 against the US dollar in early trade, as of 11:45 am on Monday.

Jun 2, 2014

Raghuram Rajan Faces Pro-Growth Boss in Narendra Modi

RBI Governor Raghuram Rajan is starting to be acclimatized to Prime Minister Narendra Modi's determined and rapid vision of development.

May 30, 2014

Rupee Opens at 59.01 as RBI Turns Bullish on Bonds

The Indian rupee opened at 59.01 against the US dollar in early trade, at 11:50 am on Friday.

May 30, 2014

Sensex, Nifty Weak in Early Trade; Infosys Falls 7 Percent

Indian rupee opened at 58.84 against the US dollar in early trade, at 11:50 am on Thursday.

May 29, 2014

Rupee Opens Flat Touching 59.06 Against US Dollar

The Indian rupee opens flat touching 59.06 against the US dollar in early trade, at 11:45 am on Tuesday.

May 28, 2014

BSE Sensex Starts Trading at 24,571 Points, Investors Await New Policies

The BSE Sensex took off at 24,571.13 points on Wednesday, 28 May, at 9.00 am and rose to 24,607.5 within six minutes in the pre-open time slot.

May 28, 2014

Rupee Down by 28 paise, Selling at 59.99 against Dollar

The Indian rupee on Tuesday lost 28 paise touching 58.99 against the US dollar in early trade, despite an upbeat mood that has set in following the Modi cabinet's swearing-in on Monday.

May 27, 2014