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Rupee down 16 paise against dollar in early trade

Rupee down 16 paise against dollar in early trade

Extending weakness for the second straight day, the rupee declined by 16 paise to 66.30 against the US dollar in early trade on sustained month-end demand for the American currency overseas. Besides, a lower opening of the domestic equity market weighed on the domestic currency but dollar's weakness against other currencies capped the losses, forex dealers said. The rupee had shed 10 paise to close at 66.14 against the US currency in the previous session on ..., 37 minutes ago

Volatile markets? Keep calm and carry on

  In the current market volatility, you can choose to book profits or buy cheaper stock. Last Monday, many investors would have been reminded of this Warren Buffett quote: “Unless you can watch your stock holding decline 50 per cent without becoming panic-stricken, you should not be in the stock market.” For a while, it seemed the markets were going on a free fall. Things improved during the week. After a 1,600-plus points fall, the markets recovered by a good 1,000 points in ...
 Rediff.com12 minutes ago

Indian economy offers hope as China struggles

For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter. The median estimate from a Reuters poll of economists put GDP annual growth at 7.4 per cent in the quarter, just below 7.5 per cent in January-March. If the number is that high, it will be a boost for Prime Minister Narendra Modi, whose image as the ...
 Rediff.com20 minutes ago GDP data today: Is India growing or slowing?  Livemint.com9 hours ago

As Aus work out their chemistry in ODIs, Warner has T20 WC on his mind

'All the players have played there before (and) played IPL (Indian Premier League) there. Whatever team is selected, that will be the right team for those conditions and I really do think this could be one of our best chances to win the Twenty20 World Cup' Australia's David Warner during a nets session. Photograph: Paul Childs/Livepic/Images via Reuters Australia will not use Indian conditions as an excuse if they fail to win the World T20 in the subcontinent next year, opening batsman David ...
 Rediff.com24 minutes ago

The curious case of onion prices and Bihar elections

Onion prices have increased 150% over the last few months Onion prices and the stock markets have recently been in the news but for contrary reasons - one is rising precipitously while the other is falling rapidly. Recently, after the Indian stock markets plummeted by over a thousand points, there was a joke doing the rounds on social media that showed a picture of a housewife threatening to hit her husband who had not heeded her advice of investing in onions and invested in stock markets ...
 Rediff.com25 minutes ago Cement price stable for 9th month, steel price stable for 8th month  Daily News Egypt10 hours ago

PM Modi to launch digital version of epic 'Ramcharitmanas' today

A special "digital" version of epic 'Ramcharitmanas' prepared by All India Radio will be released by Prime Minister Narendra Modi on Monday.Official sources said that the recordings of Goswami Tulsidas' work, sung by leading singers of Bhopal 'gharana', have been done by the AIR over several years and are regularly broadcast especially in the hindi heartland.The 'Ramcharitmanas' was composed and recorded for the first time in 1980 at Akashvani Bhopal under the guidance of then station director ...
 Rediff.com27 minutes ago

Amit Shah in Bihar today; to hold NDA seat-sharing talks

BJP chief Amit Shah will meet his party's Bihar allies today to finalise how they will share the state's 243 seats for the assembly elections, expected to be held in October.The allies are anxious that the BJP has not finalised seat-sharing yet and fear that in a last-minute scramble, it might apportion an inadequate number of seats to them, with no time to negotiate.  Chirag Paswan of the Lok Janshakti Party or LJP, the son of Union minister Ramvilas Paswan, met Shah earlier this month to ...
 Rediff.com29 minutes ago

Journalist 'confesses' to causing China market chaos: Report

A financial journalist has "confessed" to causing "panic and disorder" on China`s stock market and inflicting "huge losses on the country", Chinese state media reported.Wang Xiaolu, a journalist with Caijing magazine, was detained by Chinese authorities following China's recent stock market crash.Wang was held for fabricating and spreading fake information on securities and futures market, according to Xinhua, a state-run news agency.According to the report, Wang "confessed" that his "false ...
 Rediff.com36 minutes ago

Indrani 'hated' Sheena; 4 attempts made to kill Mikhail

The Sheena Bora murder mystery has seen more twists than a television sitcom. As skeletons continue to tumble out, here are the latest developments in the case. 1. Indrani has reportedly admitted that she and Sheena Bora were locked in a financial dispute. The 43-year-old said that she had transferred a huge amount of money in Sheena's account but when she asked for it back, the latter refused to return it. However, the former CEO of INX Media and wife of Star India ex-CEO Peter Mukerjea has ...
 Rediff.com37 minutes ago Latest Buzz: Indrani 'slow-poisoned' Sheena, 'certified' Mikhail as unstable?  Rediff.com17 hours ago

Finance ministry, RBI agree on key change

Monetary policy panel likely to have staggered induction of external appointees; Cabinet note likely soonThe proposed Monetary Policy Committee -- to be tasked with deciding on interest rates -- might see its external, government-appointed members being inducted in stages, the finance ministry and Reserve Bank of India have agreed.By the revised draft of the Indian Financial Code, the proposed seven-member MPC, to be led by the Reserve Bank governor, will have four members appointed by the ...
 Rediff.com41 minutes ago
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