Reserve Bank of India - Indian Currency News

Indian Currency News

Sindh Cabinet briefs President, PM on devastation of floods Sunday, September 5, 2010 @ 6:07PMKARACHI : Prime Minister Syed Yousuf Raza Gilani said Sunday that the special meeting of Sindh Cabinet has decided to improve coordination among various agencies and departments of the federal and provincial governments engaged in flood relief activi ....
America refuses to bail out Kabul Bank Sunday, September 5, 2010 @ 4:23PMAmerican officials have rejected Afghan pleas to bail out the country's largest bank as long lines of depositors sought to withdraw savings.
Guest Post: Could Tiny Somaliland Become the First Cashless Society? Sunday, September 5, 2010 @ 4:05PMBob Dylan once said that 'money doesn't talk, it swears', but in Hargeisa the capital of Africa's Somaliland it stinks. It literally stinks, reeking of rotten paper, like a leaky library in a monsoon. That's because there's so much of it. For every dollar there are almost 17,000 Somaliland Shillings and the highest-denomination note is 500 Shillings, which is by no means the most common note in ...
BRIARBROOK AUCTIONS Saturday, Sept. 4th at 10 am Winterwood Estate 18 Ferry Road, Hadlyme, Ct. Friday, September 3, 2010 @ 11:14PMPreview Friday Sept. 3rd 1 pm -6 pm and day of sale 9 am -10 am.
Soapbox: Cricket no longer needs Pakistan Friday, September 3, 2010 @ 7:36PMThe strongest stand must be taken against any player found guilty of match-fixing, even if it means wiping out an entire side.
British police quiz Pakistan bowler in probe Friday, September 3, 2010 @ 7:17AMBritish police on Friday questioned one of three Pakistani cricketers embroiled in betting scam claims, as the sport's governing body said it had suspended the trio because they had a "case to answer".
Malaysia to monitor Internet for 'harmful' blogs Friday, September 3, 2010 @ 5:23AMMalaysia has formed a task force to scour the Internet for blog postings deemed harmful to national unity, authorities said on Friday in the latest of a series of actions against new media.
Lucio Tan, Gatchalian duke it out in Valenzuela Friday, September 3, 2010 @ 3:07AMTAIPAN Lucio Tan and hotel magnate William Gatchalian are in the thick of a legal battle over the control of Plastic City, the 84-hectare, 44-warehouse compound in Valenzuela that used to be the largest integrated plastic manufacturing complex in the country.
Rupee Set for Weekly Increase in India as Economic Growth Lures Investors Friday, September 3, 2010 @ 12:59AMIndia’s rupee headed for the biggest weekly gain in more than a month on speculation accelerating economic growth will prompt investors to increase purchases of the nation’s stocks.
Stocks Advance in India on Growth Prospects, Sterlite, Infosys Lead Gains Friday, September 3, 2010 @ 12:20AMMost Indian stocks climbed amid expectations local companies will benefit from strengthening economic growth.
Indian rupee off two-week high as shares give up gains Thursday, September 2, 2010 @ 9:54PMMUMBAI, Sept 3 (Reuters) - The Indian rupee was trading stronger on Friday, but off a near two-weak high hit earlier in the session as local shares gave up gains.
Thailand's rich get far richer in 2010 Thursday, September 2, 2010 @ 8:06PMBANGKOK - Despite weeks of political violence that disrupted economic life in Bangkok this year, the combined wealth of Thailand's 40 richest people increased by 46 percent from 2009, according to a study by Forbes magazine.
Thief steals $15,000 in museum jewelry Thursday, September 2, 2010 @ 5:05PMA case of antique jewelry was stolen from a Danville museum.
Rich left unscathed by political turmoil Thursday, September 2, 2010 @ 4:28PMThe continuing political turmoil has not affected the wealth of Thailand's 40 richest people, who are now worth 1.14 trillion baht, up 46% from last year thanks to a booming stock market and strong currency, the Forbes Asia Thailand Rich List says.
Resilience in Indian economy to help attract more inflows Thursday, September 2, 2010 @ 3:51PM"Money for nothing is no good" says Geoff Lewis, vice-president, head of investment services at JP Morgan Asset Management. He feels positive real interest rates in the Indian economy is salubrious if it could encourage investments.
Re up; bonds decline Thursday, September 2, 2010 @ 3:46PMRupee strengthened for a second day on speculation an increase in foreign capital inflows into local shares will help offset a widening trade deficit.
Sensex hits 1-week high; rupee firms up Thursday, September 2, 2010 @ 3:39PMIndia’s benchmark stock index climbed to its highest in a week after Finance Minister Pranab Mukherjee said taxes paid by companies increased, fuelling speculation earnings may rise.
'Bill to regulate foreign donations half baked' Friday, August 27, 2010 @ 8:40AM"It is a half-baked law, but we support it as our party favours stringent laws to defend national security," Nishikant Dubey (BJP) said initiating the debate on the Foreign Contribution (Regulation) Bill, 2010, already passed by the Rajya Sabha.
Japanese factory owners worried about rising currency Friday, August 27, 2010 @ 7:45AMJapanese factories may relocate overseas if the yen stays at its current high of around 85 to the dollar.
U.S. Futures Gain, Treasuries Retreat on Stimulus; Yen Weakens Friday, August 27, 2010 @ 6:23AMU.S. index futures rose, indicating stocks will pare their third week of declines, on speculation Federal Reserve Chairman Ben S. Bernanke will signal measures to stimulate the economy. The yen weakened as Japan’s Naoto Kan pledged “bold” action to prevent further gains in the currency.
'Bill to regulate foreign contribution half baked' Friday, August 27, 2010 @ 5:55AMOpposition in the Lok Sabha on Friday dubbed as half baked the legislation to regulate foreign contributions in the wake of changed internal security environment.
Indian rupee largely steady; shares, dlr eyed Thursday, August 26, 2010 @ 10:20PMMUMBAI, Aug 27 (Reuters) - The Indian rupee was largely steady in early deals on Friday as mild losses in the dollar overseas ahead of a speech by Federal Reserve Chairman Ben Bernanke were offset by losses in the domestic sharemarket.
Indian rupee held in tight band; Bernanke speech eyed Thursday, August 26, 2010 @ 10:20PMMUMBAI, Aug 27 (Reuters) - The Indian rupee moved in a tight range on Friday afternoon with mild losses in shares and the dollar overseas providing little direction ahead of the Federal Reserve chairman's speech on the U.S. economy.
India Day Ahead: Tata Power in Talks to Buy Utility; TTK's Expansion Plan Thursday, August 26, 2010 @ 9:35PMTata Power Co., the generating unit of India’s biggest industrial group, is in talks to buy a 50 percent stake in power utility InterGen NV, three people familiar with the discussions said.
The tiger next door Thursday, August 26, 2010 @ 7:15PMBusiness is booming in China and India, but not between the two
Mother Teresa remembered, 100 years on from birth Thursday, August 26, 2010 @ 1:26PMNuns, priests and slum-dwellers held a solemn mass in Kolkata on Thursday to mark the birth centenary of Mother Teresa, known as the "Saint of the Gutters" for her work with the city's sick and dying.
Mylan Reports Adjusted Diluted EPS of $0.37 for the Three Months Ended June 30, 2010 Wednesday, July 28, 2010 @ 6:15PMPITTSBURGH, July 28 /PRNewswire-FirstCall/ -- Mylan Inc. (Nasdaq: MYL) today announced its financial results for the three and six months ended June 30, 2010. Financial Highlights Adjusted diluted earnings per share (EPS) of $0.37 for the three months ended June 30 compared to $0.32 for the same prior year period; Adjusted diluted EPS of $0.73 for the six months ended June 30 compared to $0.65 ...
IT outsourcing drives India’s economic ascent Wednesday, July 28, 2010 @ 5:41PMIn spite of challenges both at home and abroad, the outlook for the industry remains positive
Plankton, Base Of Ocean Food Web, In Big Decline Wednesday, July 28, 2010 @ 5:19PMDespite their tiny size, plant plankton found in the world's oceans are crucial to much of life on Earth. They are the foundation of the bountiful marine food web, produce half the world's oxygen and suck up harmful carbon dioxide.
Genpact Reports Results for the Second Quarter of 2010 Wednesday, July 28, 2010 @ 5:07PMNEW YORK----Genpact Limited , a global leader in business process and technology management, today announced financial results for the second quarter ended June 30, 2010.
Key base of ocean food web dropping dramatically Wednesday, July 28, 2010 @ 4:55PMDespite their tiny size, plant plankton found in the world's oceans are crucial to much of life on Earth. They are the foundation of the bountiful marine food web, produce half the world's oxygen and suck up harmful carbon dioxide. They also are declining sharply.
ICICI picks 1.33% in United Stock Exchange Wednesday, July 28, 2010 @ 4:26PMPrivate sector lender ICICI Bank on Monday picked up 1.33% stake in United Stock Exchange of India...
Death Dance Wednesday, July 28, 2010 @ 4:18PMThe lowest price in three months, achieved after Tuesday’s brutal sell-off, lured some price-conscious Indian buyers back to the bazaars overnight.
India stocks, rupee decline Wednesday, July 28, 2010 @ 3:55PMIndia’s benchmark stock index fell the most in three weeks yesterday. Reliance Industries Ltd, the nation’s most valuable company, led the decline as investors speculated its quarterly profit growth will slow amid delays in increasing natural gas output.
Indian shares rise, rupee follows suit Tuesday, July 27, 2010 @ 3:24PMIndia’s benchmark stock index rose after the central bank increased borrowing costs more than expected, signalling policy makers are confident the pace of economic growth is robust.
The Hindu Business Line : Japan's JFE to invest Rs 4,800 cr for 14.99% stake in JSW Steel Tuesday, July 27, 2010 @ 2:48PMIn perhaps one of the largest investments in the Indian steel sector, Japanese major JFE Steel Corporation will pick up 14.99 per cent in JSW Steel for Rs 4,800 crore. The deal will provide JFE a foothold in India and help JSW Steel retire some of its debt, now at Rs 17,700 crore.
Mauritius tourism rises in H1, hoteliers still wary Tuesday, July 27, 2010 @ 12:39PMMauritius registered a 6.2 per cent rise in tourist arrivals in the first six months of the year, compared with a year earlier, officials said today, but hoteliers said the industry was still facing difficulties.
Rupee recovers sharply by 38 paise vs dollar Tuesday, July 27, 2010 @ 11:40AMMumbai, July 27 (PTI) The Indian rupee today gained 38 paise to close at an over one-week high of 46.66/67 against the US dollar, following firm equities as well as month-end demand for the US currency.
One arrested, another detained while smuggling forex Monday, July 12, 2010 @ 4:48AMNew Delhi, Jul 12 : The airport customs has arrested one person and detained another, on way to Dubai, after seizing nearly ten lakh Bangladeshi Takas from their handbag at the IGI Airport here.
One arrested, another detained while smuggling forex Monday, July 12, 2010 @ 4:48AMNew Delhi, Jul 12 : The airport customs has arrested one person and detained another, on way to Dubai, after seizing nearly ten lakh Bangladeshi Takas from their handbag at the IGI Airport here.
Kashmir issue ‘needs a political solution’ Friday, July 2, 2010 @ 5:35PMChief Minister Omar Abdullah yesterday said a political solution, not jobs, was needed to solve the Kashmir problem as curfew continued in the tense valley with sporadic clashes despite strict security restrictions.
Competition to impact margins: Tata Friday, July 2, 2010 @ 5:22PMThe Indian information technology (IT) industry will need to move up the value chain to tackle competition from countries like China, Philippines and Vietnam, said Ratan Tata. The Tata Consultancy Services (TCS) chairman was addressing the 15th annual general meeting (AGM) of the company.
Korean Won, Indian Rupee Have Biggest Weekly Drops Among Asian Currencies Friday, July 2, 2010 @ 5:14PMSouth Korea’s won and India’s rupee declined the most among Asian currencies this week on concern China’s economic slowdown and Europe’s debt crisis will deter investors from buying emerging-market assets.
India stocks, rupee decline Friday, July 2, 2010 @ 3:53PMIndian stocks fell yesterday, with the benchmark index declining for the first time in three weeks.
INFO-TECH Friday, July 2, 2010 @ 1:59PMHUMAN RESOURCES: Prospect of visa restrictions, a cause for concern: Infosys Govts under pressure on rising unemployment rates.
Indira Rajaraman: Lessons for the G20 Friday, July 2, 2010 @ 1:54PMThere is a dreaded spectre among the G20 today. It is the letter W. Not pronounced Dubya, it stands for double-dip recession. The reach of this fear has shaped the kinder, gentler treatment given to BP for what has to be one of the greatest environmental crimes of all time.
Leather market caught in Euro whammy Friday, July 2, 2010 @ 1:43PMThe euro zone crisis has severely eroded the export market of city’s leather industry, which runs to the tune of Rs 7,000 crore annually. As the manufacturers and exporters were recovering from the slowdown in the US market, finding solace in European markets, they have received an unanticipated setbackdue to the Euro upheaval.
Sensex climbs 273 points on global cues Monday, June 14, 2010 @ 2:43PMMUMBAI: The Bombay Stock Exchange benchmark index, Sensex, on Monday climbed 273 points to settle at its highest level in more than one month on the back of a smart rally in IT stocks and RIL.
MARKETS Monday, June 14, 2010 @ 1:29PMRECOMMENDATION: Madhucon Projects (Rs 140.1): Buy Investors with a short-term trading perspective can purchase the stock of Madhucon Projects. The stock reversed direction on Monday by forming a giant bullish engulfing candle in the daily chart. This up-move also helped to close the gap ...
ETF Securities to Offer Renminbi, Rupee, G-10 Currency Funds Monday, June 14, 2010 @ 1:01PMJune 14 (Bloomberg) -- ETF Securities Ltd. will offer 22 currency exchange-traded funds on the London Stock Exchange in a bid to create more access to assets not always available to international investors.