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High base spoils December IIP show
It may have been expected that the high base effect would limit industrial growth in December to less than six per cent. But, it was not anticipated that the continued contraction in mining output and a subdued manufacturing production would pull the numbers down to as low as 1.8 per cent. This has led Finance Minister Pranab Mukherjee to express his disappointment. The electricity sector in the larger

Forex reserves down
India’s foreign exchange reserves fell by $177 million to $294 billion for the week ended February 3, 2012, after rising marginally for the previous two consecutive weeks.

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Now, ATMs can advertise financial products
Banks with a large network of automated teller machines (ATM) will now be able to generate additional revenue by advertising financial products offered by other institutions.

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Rupee posts biggest weekly fall in nine weeks

Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday but the currency still posted its biggest weekly fall in nine weeks. The likely intervention

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BSE Sensex rises, Tata Steel up 4.4 %

The BSE Sensex nudged higher on Friday as Tata Steel rebounded from an early slump, and investors bet on rising foreign fund investments to underpin the market. Foreign funds have invested more than

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Rupee falls on dollar buying

The rupee fell on Friday on increased dollar purchases from companies and on choppy local equities, with traders eyeing the December industrial output data for directional cues on interest rates and

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