RBI sold dollars via state-run banks to defend rupee: dealers
The RBI likely sold dollars via state-run banks on Wednesday after the rupee plunged to a new record low, four dealers said. The RBI likely sold dollars from 55.75 rupee levels after the local unit
Crucial support for the Nifty is at 4853-4800: Gaba
Nifty (4861) we said ‘technically the market looks a reluctant up :) the market opened in the green and showed its reluctance to go up beyond our resistance of 4950 and closed in the
'Rupee's fall could keep FIIs away from markets'
At a time when global equity markets are paving way for a phase of correction, moderation and development, India-specific concerns might lead to underperformance by Indian markets in this phase.
We need to do better: PM
New Delhi, May 22 (IBNS) Prime Minister Manmohan Singh on Tuesday night presented the report card of the United Progressive Alliance II headed by him on the completion of third year of the regime, saying though his government could have done better under the economic circumstances prevailing it has done fairly well.
