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RIL raises $1 billion
Reliance Industries (RIL) has raised $1 billion (nearly Rs 5,000 crore) by selling foreign currency bonds to investors abroad through its arm, Reliance Holding USA. The bonds carry a coupon of 5.4 per cent, payable semi-annually and unconditionally guaranteed by RIL. The transaction was subscribed nearly eight times. Nearly 400 accounts in Asia, Europe and America participated in the issue. Citigroup

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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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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Expert View: Rupee outlook on Friday

Market Recap: Feb USDINR closed at 49.70, up 30 paise. Spot USDINR closed at 49.50 from 49.15 and traded in the range of 49.18-49.52. USDINR registered strong gains in Thursday's session on

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Rupee opens mildly lower on mixed cues

The rupee opened a tad weaker on Friday as dollar demand for oil and defence payments was seen offsetting the positive sentiment after Greek leaders agreed to austerity measures to secure a second

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Rupee seen opening mildly lower on mixed cues

The rupee is expected to open tad weaker on Friday, as dollar demand for oil and defence payments will likely offset the positive sentiment after Greek leaders agreed to austerity measures to

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