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Rupee falls as oil firms buy dollars
Rupee fell as low as 55.86, trading last at 55.84/86 per dollar, falling strongly from its previous close of 55.1850/1950. Losses are being driven by strong demand for dollars from oil firms as they look to meet month-end import commitments. A retreat in domestic equities from the day's highs also hurt the rupee. The BSE Sensex gave up most gains to end with slight gains for the day.

Gold adds Rs 85 to Rs 29,650 on sustained buying

New Delhi: Gold prices rose for a third day in a row by adding Rs 85 to Rs 29,650 per 10 grams in the bullion market here on Tuesday on firm local demand. Silver, however, lacked necessary buying

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Facebook could pay over $1 bln for Opera - analysts

Opera Software shares soared over 20 percent on Tuesday on talk Facebook Inc. was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any

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Sensex ends 22 points up after choppy ride

After a firm start and a subsequent upmove, the market retreated and briefly slipped into negative territory around mid morning, but rallied smartly again on some brisk buying at several front line

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BSE Sensex ends off highs; IT shares up

The BSE Sensex provisionally rose 0.1 percent on Tuesday, but lost most gains ahead of derivatives expiry and March quarter GDP data, due later in the week. Renewed buying interest in technology

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Rupee versus stocks correlation moderates: Citi

Citigroup says the correlation between the rupee and equity markets is moderating, though it still remains positive. According to Citigroup, the correlation between the BSE Sensex and the rupee for

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