Economy News

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

BSE Sensex Starts on Firm Note, Currently Trading at 24,486 Points

The BSE Sensex took off on a firm start at 24,750 points on Tuesday, 27 May at 9.00 am, but took at a dip of 200 points 15 minutes later.

May 27, 2014

Rupee Gains 27 Paise Ahead of Modi's Swearing-in on Monday

The rupee appreciated by 27 paise to 58.50 per dollar Monday compared to its closure on Friday

May 26, 2014

Asian Shares Scale One-year Highs on Hopeful Global Economic Signs

Asian shares edged up to one-year highs on Friday as investors lapped up signs of improving momentum in the world's biggest economies.

May 23, 2014

Asian Shares, Australian Dollar Rise on Firm China PMI

Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street.

May 22, 2014

Asian Market Shares Wall Street Gloom, Dollar Records Sixth Loss

Asian shares caught Wall Street's gloom on Wednesday, while the dollar was on track for a sixth losing session against the yen after the Bank of Japan upgraded its view on capital expenditures.

May 21, 2014

Asian Shares Struggle to Record Gains, Dollar Steadies

Asian shares struggled to muster gains on Tuesday, while the dollar inched higher but remained not far from its lowest level against the yen in more than three months.

May 20, 2014

Modi's Victory to Trigger Big Shares Sale, IPO May have to Wait

Narendra Modi's landslide election win is set to trigger billions of dollars in share sales by Indian companies riding market optimism, but big-ticket IPOs may have to wait until the new leader proves he can deliver on promised reforms.

May 20, 2014

Asian Shares Soft, China Slowdown Fears Resurface

Chinese shares led Asia markets down on Monday, as concerns about slower growth in the world's second-biggest economy checked risk appetite and took a large slice off Australian equities.

May 19, 2014

RBI Buying Dollars to Halt Rupee Gains - Traders

The Reserve Bank of India was spotted buying dollars via state-run banks starting around 58.47, which was the rupee's strongest level in 11 months, three traders said.

May 19, 2014