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INR Vs USD: Widening current account gap, tight global financing conditions to affect rupee, says Fitch.

NEW DELHI: Fitch Ratings said on Thursday it expects the rupee to weaken to 75 rupees against the US dollar by the end of next year on a widening current account deficit and tighter global financing conditions.

Despite a few recent advances, the

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The next hearing of Amrapali case is scheduled for 12 December.

Asking why criminal proceedings should not be initiated, the Supreme Court on Wednesday ordered seizure of assets of the embattled real estate group Amrapali. The order of the court relates to the case of non-delivery of flats to around 42,000

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INR Vs USD: Rupee came under pressure following heavy selling in domestic equities.

MUMBAI: The rupee depreciated by 26 paise to 70.75 against the US dollar in early trade Wednesday at the interbank foreign exchange, amid strengthening of the US dollar and foreign fund outflows. Forex dealers said fresh demand for the American currency from

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RBI maintained its "calibrated tightening" stance that allows for either a hold or an increase in rates.

The central bank struck a less hawkish tone on Wednesday, signaling it was open to adjusting monetary policy if upside risks to inflation don't materialize. Bonds rallied. Just two months after stating that interest rate cuts were "off the

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The central bank also retained its 'calibrated tightening' stance as expected.

MUMBAI: 

The Reserve Bank of India (RBI) kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum.

"

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Stronger business demand let firms raise prices more steeply and improve margins.

BENGALURU: Business activity in the dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday. This will offer some relief to Asia's third-largest economy,

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INR Vs USD: Rupee was weaker at 70.89 to the dollar tracking Asian peers.

MUMBAI: Bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.

The 10-year benchmark bond

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Sovereign gold also saw a rise Wednesday by Rs 100 to Rs 24,800 per piece of 8 grams.

Gold prices on Wednesday rose by Rs 100 to close at Rs 31,950 per 10 grams at the bullion market in the national capital on an uptick in retail buying by local jewellers even though bleak market trend overseas restricted the gains further, reported news agency

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We received a Call from Nikhil Rao, who is also a Investor at Zagah.com and asked us to analyze his Call records, Conversation records related to Society Committee

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INR Vs USD: Rupee sentiment was also affected by domestic equity markets trading with losses.

The rupee fell by 54 paise to touch 71 per dollar in early trade on Thursday, reported news agency Press trust of India (PTI). Losses in the rupee came amid strengthening of the greenback, fund outflows and a weak

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Share markets on Wednesday: Twenty four out of 30 Sensex stocks closed in the red.

Domestic stock markets closed on a negative note on Wednesday after the Reserve Bank of India (RBI) kept the key lending rate unchanged at 6.5 per cent. Bombay Stock Exchange (BSE) benchmark index Sensex settled at 35,884.41,

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INR Vs USD: Rupee is likely to find it difficult to regain lost ground without RBI's support.

BENGALURU: The rupee will weaken over the next six months as uncertainty builds heading into national elections due in May, a Reuters poll showed. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist

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Share Market Today: Sensex shed as much as 542.58 points and Nifty as much as 177.6 points.

The equity benchmarks extended their losses in afternoon session on Thursday, led by IT, banking, pharma, metal, consumer, financial services, and auto stocks. At 2:51 pm, the 30-share Sensex was at 35,389.76, down 494.65 points or 1.38 per cent, and the

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RBI maintained status quo in monetary policy announcement, leaving key interest rate unchanged at 6.5%

Mumbai: 

The Reserve Bank Wednesday lowered retail inflation projection in the range of 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices. The broad-based weakening of food prices imparts

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Etihad is also considering investing fresh funds in Jet Airways, according to report.

NEW DELHI: Etihad Airways is holding talks with Jet Airways Ltd and its bankers on a rescue plan for the debt-laden domestic carrier, two sources aware of the matter told Reuters. Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in

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The Maharajas' Express is an ultra-luxury offering of IRCTC.

Passengers booking tickets for the railways' luxury train, Maharajas' Express, can now avail 17 per cent discount on Air India tickets to any part of the country, a senior railway official said Wednesday. The Indian Railway Catering and Tourism Corporation (IRCTC), the travel and tourism

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RBI Policy: RBI projects retail inflation to be between 2.7-3.2 per cent in October-March.

MUMBAI: The following are the highlights of the fifth bi-monthly monetary statement for 2018-19:

* RBI keeps key lending rate (repo) unchanged at 6.5 per cent

* Reverse repo rate stands at 6.25 per cent, bank rate at 6.75 per cent, cash reserve ratio at 4 per

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At 9:17 am, the Sensex was at 35,949.25, down 185.06 points or 0.51 per cent.

The domestic stock markets started on a negative note on Wednesday, ahead of the outcome of the Reserve Bank of India's fifth bi-monthly policy review. The S-P BSE Sensex opened at 36,035.65, and the Nifty50 barometer of the National Stock Exchange (NSE) started at

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The new services will be catered by the Boeing 737-800 aircraft, said SpiceJet.

Mumbai: Budget carrier SpiceJet Wednesday announced the launch of eight new direct flights from Hyderabad connecting Kolkata, Pune and Coimbatore, starting January 1 next year. The Gurugram-based airline will also add another six new seasonal flights and frequencies f

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RBI retained GDP growth projection at 7.4 per cent for financial year 2018-19

The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per

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For SBI's multi option FD deposit account, the maximum tenure is five years.

SBI or State Bank of India offers a type of fixed deposit or term deposit scheme called the Multi Option Deposit Scheme (MODS). A fixed deposit is a secure financial instrument offered by banks, which fetch guaranteed returns. Unlike normal term deposits which are fully

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Bank FD rate: The maximum benefit that can be claimed through a five-year deposit is Rs 1.5 lakh a year

Major lenders today offer income tax benefits under a special type of fixed deposit (FD). Also known as tax-saving fixed deposit or tax-saving FD, this term deposit allows a minimum maturity period of five years and a maximum of 10 years. Using

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Maruti Suzuki India will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday.

"It has become imperative for the company to pass on some impact of the additional cost to customers through a price increase across various models in January

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Anyone puzzled by how the Indian economy manages to grow swiftly while somehow failing to be prosperous could do worse than look at the state of India's airlines. Over the past four years, passenger growth in India has been rapid: The number of flights taken has increased between 15 and 20 percent per year. Demand growth this year is likely to be

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IndiGo currently has a fleet of 198 Airbus A320 including 12 ATR aircraft.

IndiGo on Tuesday launched its first international flight from Vijayawada jointly with the Andhra Pradesh government, the airline said in a press release. IndiGo said it would operate two weekly non-stop services between Vijayawada and Singapore. The carrier further said

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INR Vs USD: Investors were treading the cautious path ahead of the RBI policy decision

The rupee lost 26 paise against the US dollar in early trade on Wednesday ahead of the outcome of the fifth bi-monthly policy review of Reserve Bank of India, reported news agency Press Trust of India (PTI). Losses in the

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Government is bound to be pleased if RBI keeps key rates on hold.

The Reserve Bank of India will probably keep interest rates unchanged on Wednesday, with the decision itself likely to be a sideshow to Governor Urjit Patel's press conference -- his first since an acrimonious debate with the government over the central bank's autonomy. Investors are

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On Tuesday, the rupee had slipped 3 paise to close at 70.49.

The rupee ticked higher by 3 paise to 70.46 against the US dollar on Wednesday amid weakness in the greenback and easing crude oil prices. Forex traders said the rupee's rise was supported by dollar-selling by exporters and banks.    

Meanwhile, the Reserve Bank of India Wednesday left the

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Services sector figures show a strong increase in business activity, said Subhash Chandra Garg

New Delhi: 

Strong growth in the country's services sector "should augur well for 3rd quarter GDP growth," a top finance ministry official said in a tweet on Wednesday.

Business activity in the dominant services sector expanded in November at the quickest

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The Reserve Bank of India on Tuesday announced injection of Rs 10,000 crore worth of liquidity into the system through purchase of government securities on December 6. The move by the central bank was in line with its decision to boost liquidity in the system by Rs 40,000 crore in December. The result of the auction would be announced on the same

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