Mumbai: After a gap of five months, the Reserve Bank of India (RBI) was a net buyer of dollars in October after it bought nearly USD 4 billion worth greenback. This is first time since
Frankfurt, Germany: The European Central Bank left its key interest rate unchanged on Thursday, even though the economic recovery has almost ground to a halt in the 17-country eurozone.The currency bloc's chief monetary authority left
Washington: The US economy added 204,000 jobs in October, an unexpected burst of hiring during a month in which the federal government was partially shut down for 16 days. The Labor Department said Friday that
Mumbai: In step with the weak stock market, the rupee today plunged by 77 paise to end at over one-month low of 62.39 against the dollar on renewed fears that the US Federal Reserve would
Mumbai: The rupee on Thursday fell 27 paise to 61.50 against the dollar on heavy month-end demand from importers for the US currency, which strengthened overseas after the Federal Reserve indicated it may taper its
Mumbai: Reserve Bank Governor Raghuram Rajan on Wednesday said India now is in a better position to face the US Federal Reserve's unwinding of its easy money policy whenever it takes place."We are in a
Mumbai: The Reserve Bank today said the US Federal Reserve's decision to delay the unwinding of its monthly USD 85-billion of asset repurchase programme has brought in some stability to the rupee. “The Fed's decision
Mumbai: Shares succumbed to heavy selling as investors turned cautious and booked profits in rate sensitive counters ahead of the RBI monetary policy, dragging the benchmark index Nifty down by 44 points on the National
New Delhi: Finance Minister P Chidambaram Thursday asked financial sector regulators, including RBI and SEBI, to take preventive steps to neutralise the impact of US Federal Reserve's monetary stimulus tapering that is likely early next
WASHINGTON: The IMF today warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil.“Failure to lift the
MUMBAI: As BSE benchmark index Sensex today witnessed a sharp surge of nearly 700 points on the back of US Federal Reserve's decision to stick to its stimulus package and strengthening rupee against the dollar,
Mumabi: The rupee had settled just a paise lower at 63.38 against the dollar in Wednesday's trade.The rupee on Thursday zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar
New York: The U.S. Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will maintain the pace of its bond purchases because it thinks the economy still needs the support.The
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