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RBI watches as rupee's losing streak continues
Strong dollar demand from oil importers pushed the rupee to fresh lows for the fifth day in succession on Tuesday, as the Reserve Bank of India (RBI) refrained from intervening in the foreign exchange market. The rupee fell to an all-time low of 55.47 a dollar, before closing at 55.40, compared to its Monday close of 55.04. The fall was accentuated after rating agency Fitch downgraded Japan, which
Strong dollar demand from oil importers pushed the rupee to fresh lows for the fifth day in succession on Tuesday, as the Reserve Bank of India (RBI) refrained from intervening in the foreign exchange market. The rupee fell to an all-time low of 55.47 a dollar, before closing at 55.40, compared to its Monday close of 55.04. The fall was accentuated after rating agency Fitch downgraded Japan, which
RBI slashes arbitrage opportunity as rupee breaches 55 a dollar
The Reserve Bank of India (RBI) stepped in yet again to curb volatility arising out of the arbitrage opportunity in the currency futures market even as the rupee fell to a new low on Monday. The
Improving prospects, low valuation
Emami’s stock has gained momentum after it announced plans to revive its healthcare business and foray into the glucose drink segment. This, in addition to its leadership in niche product
Gold may fall below $1,550 in coming months: GFMS
Gold is likely to remain bearish in the short term due to lower expectations from the third round of quantitative easing (QE3) in the US and gradual abatement of the euro zone economic crisis. But,
Gold is likely to remain bearish in the short term due to lower expectations from the third round of quantitative easing (QE3) in the US and gradual abatement of the euro zone economic crisis. But,
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