Economy News

Rupee recovers 21 paise against US dollar in early trade

The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said.

Nov 6, 2018

Reserve Bank of India bought 37% of gold reserves in Q3 of 2018: WCD report

RBI has bought 21 tonnes of gold between January to September, with the highest purchase in the Q3. Currently, the total gold reserves with RBI is 566 tonnes.

Nov 5, 2018

Sensex down 150 points, rupee at 73

"The decline in the domestic currency is because of the US dollar, which is stronger as the their economy is doing well. As far as markets are concerned, the volatility is expected to continue. It is trading in a tight range and will continue for few months," Astha Jain, Senior Analyst, Hem Securities.

Nov 5, 2018

Global cues, rupee dent equity indices

The Indian rupee opened on a weaker note at 72.88 per US dollar from its previous close against a greenback.

Nov 5, 2018

US to impose 'toughest ever' sanctions on Iran

The US stance has already inflicted serious pain on Iranians, with the country's currency, the rial, losing more than two thirds of its value since May.

Nov 5, 2018

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CIC issues show-cause notice to RBI guv Urjit Patel for non-disclosure of wilful defaulters' list

The CIC has asked Patel to explain why a maximum penalty should not be imposed on him for "dishonouring" the Supreme Court verdict.

Nov 5, 2018

India may trade with Iran in rupee for oil supplies

India is expected to stimulate a previous arrangement of making payments in rupee in an account with UCO Bank. Since the bank does not have any international exposure, it would be safe from any sanctions.

Nov 4, 2018

China pats Pakistan for 'efforts' to have peace talks with India

During the ongoing China visit by Pakistan Prime Minister Imran Khan, Beijing and Islamabad issued a joint statement which had some references to India and the issues where it is involved.

Nov 4, 2018

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Early Diwali for blue chip stocks at Dalaal street; TCS, SBI gain

It is to be noted that the rise in oil prices and trade war initiated by the Trump administration has sent ripples across the stock markets, globally.

Nov 4, 2018

Swadeshi Jagran Manch, Modi govt want Urijit Patel out of RBI: Chidambaram

SJM reportedly insisted that Reserve Bank of India (RBI) officials should exercise the discipline of restraint or resign.

Nov 3, 2018

India will become fifth largest economy in 2019: Finance minister Arun Jaitley

India emerged as the world's sixth largest economy in 2017, surpassing France, and is likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank.

Nov 3, 2018

Liquidity crisis: RBI allows banks to assist NBFCs raise capital

The latest step taken by the central bank is expected to provide some liquidity to the cash-strapped NBFCs.

Nov 3, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Foreign investors continue to remain bearish on Indian markets

The data from the National Securities Depository Ltd. shows that the FPIs have offloaded Rs. 1 lakh crore across debt and equity markets.

Nov 2, 2018

Punjab National Bank posts Rs 4,532 crore loss in September quarter as bad loans soar

Its total income during the September quarter of 2018-19 declined to Rs 14,035.88 crore as against Rs 14,205.31 crore in the year-ago period, PNB said in a BSE filing.

Nov 2, 2018

Japan to re-write foreign worker rules; will it help Indian nurses?

Japan has been facing severe labour shortage in sectors such as nursing, construction and farming. There are currently 1.28 million foreign workers in Japan, a 100 percent increase from 2012 levels.

Nov 2, 2018

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Economy News

Rupee recovers 21 paise against US dollar in early trade

Reserve Bank of India bought 37% of gold reserves in Q3 of 2018: WCD report

Sensex down 150 points, rupee at 73

Global cues, rupee dent equity indices

US to impose 'toughest ever' sanctions on Iran

CIC issues show-cause notice to RBI guv Urjit Patel for non-disclosure of wilful defaulters' list

India may trade with Iran in rupee for oil supplies

China pats Pakistan for 'efforts' to have peace talks with India

Early Diwali for blue chip stocks at Dalaal street; TCS, SBI gain

Swadeshi Jagran Manch, Modi govt want Urijit Patel out of RBI: Chidambaram

India will become fifth largest economy in 2019: Finance minister Arun Jaitley

Liquidity crisis: RBI allows banks to assist NBFCs raise capital

Foreign investors continue to remain bearish on Indian markets

Punjab National Bank posts Rs 4,532 crore loss in September quarter as bad loans soar

Japan to re-write foreign worker rules; will it help Indian nurses?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react