Category: Economic News

Rupee rises 17 paise to 68.86 vs USD in early trade

Mumbai, Jul 1: The rupee opened on a strong note and rose 17 paise to 68.86 against the US dollar in early trade Monday tracking gains in domestic equities, even as crude oil prices firmed up. Forex traders said, rupee appreciated on reports that Chinese President Xi Jinping and […]

India’s fiscal deficit hits 52% of budgeted target in first two months of 2019/20

NEW DELHI (Reuters) – India’s fiscal deficit in May stood at 3.66 trillion rupees ($53.04 billion), or 52% of the budgeted target for the current fiscal year, government data showed on Friday. Net tax receipts in the first two months of the fiscal year were 1.15 trillion rupees, […]

Sensex ends lower as trade frictions haunt G-20 meet; logs weekly gains

Mumbai, Jun 28: Equity benchmarks nursed losses Friday as investors remained cautious ahead of the crucial US-China trade talks on the sidelines of the G-20 meet. Domestic trading sentiment was also at a low ebb following tightening of mutual fund norms by regulator Sebi, and the RBI recommending extra […]

Rupee rises 15 paise to 68.92 vs USD in early trade

Mumbai, Jun 28: The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices. The rupee opened strong at 69 at the interbank forex market then gained further ground to touch […]

Sensex rises over 100 pts, Nifty above 11,850

Mumbai, Jun 27: Domestic equity benchmark BSE Sensex rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the G-20 summit. The 30-share index was trading 88.07 points, or 0.22 per cent, higher at 39,680.15 at 0930 hours. Similarly, the broader NSE Nifty […]

Sensex rises over 150 pts; Nifty above 11,800

Mumbai, Jun 26: Domestic equity benchmark BSE Sensex rose over 150 points in early trade Wednesday tracking gains in index heavyweights ICICI Bank, L&T and RIL, amid heavy foreign fund inflow. After swinging over 200 points within the first 15 minutes of trade, the 30-share index pared opening losses […]

Rupee slips 12 paise to 69.48 vs USD in early trade

Mumbai, Jun 26: The rupee opened on a weak note and declined 12 paise to 69.48 against the US dollar in opening trade Wednesday, amid simmering geopolitical tensions in the Middle East and higher crude oil prices. The rupee opened weak at 69.40 at the interbank forex market and […]

Sensex falls over 150 pts; IT stocks drag

Mumbai, Jun 25:  Domestic equity benchmark BSE Sensex fell over 150 points in early trade Tuesday tracking losses in IT stocks amid weak cues from other Asian markets. The 30-share index was trading 124.41 points, or 0.32 per cent, lower at 38,998.55 at 0930 hours. Similarly, the broader […]

Rupee rises 21 paise to 69.49 against USD in early trade

Mumbai, Jun 19:  The rupee appreciated by 21 paise to 69.49 against the US dollar in opening trade Wednesday ahead of the US central bank’s meeting. The rupee opened strong at 69.57 at the interbank forex market then gained further ground to touch 69.49 per dollar, displaying gains […]

Nifty, Sensex edge higher, Jet Airways slumps to life low

Indian shares inched higher on Tuesday, in line with broader Asia, as investors heaved a sigh of relief after the United States shelved plans to impose tariffs on Mexico, and on hopes that U.S. interest rates will be cut as early as next week. Investors had fretted that […]

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