Markets

BSE Sensex Falls Ahead of Long Weekend

The BSE Sensex fell by 0.45 percent in the opening trade on Wednesday because of the long weekend ahead. Traders are precautious, as the market will be closed on Thursday and Friday for holidays.

Apr 4, 2012

BSE Sensex Closes 2-weeks High; Lenders Anticipate Rate Cut

The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month.

Apr 3, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 50.5645 rupees and the euro 67.4854 rupees.

Apr 3, 2012

Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate

Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks.

Apr 2, 2012

BSE Sensex Expected to Rise by 26 Percent This Year

The BSE Sensex is likely to rise this year in spite of concerns over the government's finances and political stability. A poll conducted by Reuters indicated that BSE Sensex might gain 26 percent this year, hoping on interest rate cuts to bolster growth.

Mar 30, 2012

RBI's Reference Rate for Dollar Today (Mar 30, 2012)

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 51.1565 rupees and the euro 68.3403 rupees.

Mar 30, 2012

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

BRICS Summit 2012: Members to Pressurise Europe, U.S. Over Global Monetary Imbalances

The members of the BRICS group-Brazil, Russia, India, China and South Africa have been united to pressurise the European countries and United States of America over the global economic imbalances and monetary policies, at the ongoing fourth meeting in New Delhi Thursday.

Mar 29, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.1450 rupees and the euro 68.2240 rupees.

Mar 29, 2012

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

Mar 28, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.9175 rupees and the euro 67.8500 rupees.

Mar 28, 2012

BSE Sensex Up by 1.2 Percent; Psychological Rally

The BSE Sensex rose 1.2 percent on Tuesday after the media reported that the government would not target the so-called participatory notes or P-Notes in a blanket manner under its newly proposed General Anti-Avoidance Rule

Mar 27, 2012