On board Air India One: Prime Minister Manmohan Singh on Saturday said some recent actions such as the $50 billion currency swap pact with Japan will stabilise the rupee and pave the way for inflow
New Delhi:Gold and silver extended gains for the second straight day at the bullion market today on sustained buying by stockists in line with a firming global trend. Traders said sentiment bolstered following a firming global
Dubai: Indian expatriates in Oman and other Gulf Cooperation Council (GCC) countries have started taking personal loans in a bid to take advantage of a record fall in the value of Indian rupee against local
Chennai: The crashing rupee may be causing doom and gloom for most of the people, but it has brought cheer for some Indians, which include NRIs in the US and Europe, who are small in
New Delhi: New Delhi: BRICS (Brazil, Russia, India, China and South Africa) nations on Thursday agreed to set up a $100-billion foreign currency reserve pool to counter the impact of a pull-out by foreign investors
New Delhi: Brushing aside fears of slowdown of industrial production/growth rate and fluctuating Indian currency, a confident Finance Minister P. Chidambaram stressed in Lok Sabha on Thursday that the country will bounce back from the
New Delhi: Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram today asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.Conceding that economy is
New Delhi: Private sector activity across the emerging market economies edged higher in August, but India posted the steepest rate of decline since March 2009, an HSBC survey said today.According to HSBC, emerging market activity
New Delhi: New Delhi: Key benchmark indices reclaimed their key levels on Thursday following a slew of measures by the RBI to restore confidence among investors in the India growth story. The BSE Sensex ended
New Delhi: Asserting that the economy is fundamentally sound, Raghuram Rajan Wednesday unveiled a bold blueprint for the financial sector, hours after taking over as the new governor of Reserve Bank of India.Here is the
Mumbai: The Reserve Bank has doubled the re-booking amount limit allowed to exporters on cancelled forward contracts to 50 per cent from 25 per cent.The central bank also extended the facility to importers who are
New Delhi: Raghuram Rajan, the new RBI Governor, on Wednesday assured that Indian economy remains fundamentally strong. Rajan said that while the primary objective of the central bank remains monetary stability, inclusive growth and development
New Delhi: The government is mulling setting up a new company, loosely modelled on the concept of a sovereign wealth fund, to finance the acquisition of natural resource assets abroad. The proposed Indian Overseas Investment
New Delhi: Raghuram G. Rajan took over as the 23rd Governor of the Reserve Bank of India on Wednesday. The 50-year-old economist took charge from D. Subbarao.The duo shook hands warmly and hugged after Rajan
New Delhi: A fall in the current account deficit to $30-$50 billion, or about half of current levels, has the potential to reduce India's GDP growth rate to 1-2 per cent, Jefferies wrote in a
New Delhi: The Reserve Bank of India on Wednesday eased the ECB (external commercial borrowing) norms and allowed cos to use overseas borrowings for general corporate purposes.The central bank said that it has no intention
New Delhi: Prime Minister Manmohan Singh said on Wednesday there was a need for an orderly exit from the unconventional monetary policies being pursued by the developed world for the last few years, so as
New Delhi: India along with other Asian gas consumers is working to form a gas buyer's club, head of a state-run gas utility said here Tuesday.It is being done in view of the global gas
New Delhi: Goldman Sachs has lowered India's growth forecast for the current financial year to 4 per cent from 6 per cent earlier and is expecting the rupee to touch 72 against the US dollar
New Delhi: HSBC has lowered India's GDP forecast for the current financial year to 4 per cent from 5.5 per cent earlier saying economic uncertainty is likely to weigh on the growth forecast in the
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