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Mumbai: The BSE Sensex and Nifty edged higher on Thursday, gaining for seven out of eight previous sessions, as persistent buying by foreign investors continued to bolster blue chips such as State Bank of India. The broader Nifty has hit record highs in each of the previous three sessions, reflecting continued optimism about corporate earnings and a recovery in the domestic economy Good foreign ...
The Reserve Bank on Thursday said its surplus (profit) for the FY'14 fiscal declined 14.75 per cent to Rs 52,679 crore as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased. "The year ended with an overall surplus of Rs 52,679 crore, representing a decrease of 14.75 per cent over the previous year," the RBI said in its annual ...
New Delhi: Continued its slide for the sixth straight day, gold prices plunged by Rs 220 to trade at three-week low of Rs 28,280 per 10 grams in the national capital on Thursday on increased selling by stockists amid a weakening global trend. Silver also fell further by Rs 350 to Rs 42,650 per kg on poor offtake by industrial units and coin makers. Bullion merchants said selling pressure gathered momentum as ...
The finance secretary said on Thursday there was no need to review a rule imposed last year mandating exports of a fifth of all gold imports into the country.Arvind Mayaram said the rule was "working fine".Struggling with a high trade deficit, India raised its gold import duty to a record 10 percent and made it compulsory to export a fifth of all bullion imports. Gold is India's second-biggest expense ...
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