Reserve Bank of India - Indian Currency News

Indian Currency News

Full convertibility of rupee only gradually: Mukherjee Friday, March 12, 2010 @ 8:33AMFinance Minister Pranab Mukherjee Friday said the government was taking necessary steps to gradually move towards full convertibility of the Indian rupee.
Charlottetown seniors' home to be replaced Friday, March 12, 2010 @ 7:03AMCharlotte Court, the oldest seniors rental housing building on P.E.I., is going to be replaced.
India rupee up on corporate dlr sales, weak dollar Friday, March 12, 2010 @ 6:39AM* Large corporate sells dollars, aids rupee rise
(AFX UK Focus) 2010-03-12 11:57 UPDATE1-India's Fortis details funding plans for Parkway buy Friday, March 12, 2010 @ 6:29AMBy Sanjeev Choudhary
Most Indian Stocks Drop; Sensex Completes Fifth Week of Gains Friday, March 12, 2010 @ 5:51AMMarch 12 (Bloomberg) -- Most Indian stocks fell amid concern policy makers may withdraw liquidity to curb inflation as economic growth strengthens. The benchmark index completed its longest weekly winning streak in nine months.
India's Fortis details funding plans for Parkway buy Friday, March 12, 2010 @ 5:41AM* To fund Parkway deal via loan, rights issue money
Ecclestone hints at India for 2011, Rome in 2013 Friday, March 12, 2010 @ 4:31AMAn Indian Grand Prix could swell next season's F1 calendar to 20 races, according to the FIA.
Fortis to fund Parkway buy via loan, rights Friday, March 12, 2010 @ 4:16AMHospital chain Fortis Healthcare plans to fund its stake buy in Singapore's Parkway Holdings through a short-term loan and money raised through its recent rights issue, a top official said.
India to gradually move to rupee convertibility: Pranab Friday, March 12, 2010 @ 3:46AMIndia will take gradual steps to full convertibility of the rupee but not in one go, Finance Minister Pranab Mukherjee told parliament on Friday.
(AFX UK Focus) 2010-03-12 08:05 UPDATE 1-India to gradually move to rupee convertibility-finmin Friday, March 12, 2010 @ 2:28AMNEW DELHI, March 12 (Reuters) - India will take gradual steps to full convertibility of the rupee but not in one go, Finance Minister Pranab Mukherjee told parliament on Friday. "The full convertibility of rupee is our ultimate destination and we are taking gradual steps towards this. However, it is felt that it is not time to jump to that destination at one go now," Mukherjee said in a prepared ...
India Stocks Fluctuate on Liquidity Concern; Tata Power Gains Friday, March 12, 2010 @ 2:21AMMarch 12 (Bloomberg) -- Indian stocks fluctuated as investors weighed the outlook for growth and inflation after industrial output grew at close to the fastest pace in 17 years, raising the prospect of policy makers withdrawing liquidity.
UPDATE: Rupee gains 17 paise vs $ Friday, March 12, 2010 @ 1:10AMThe Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade today in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
Most Indian Stocks Rise on Speculation Factory Output to Gain Friday, March 12, 2010 @ 12:36AMMarch 12 (Bloomberg) -- Most Indian stocks rose to the highest level in seven weeks before a report that may show factory output climbed at the fastest pace in 16 years, buoying the outlook for earnings.
Rupee gains 17 paise against US dollar in early trade Friday, March 12, 2010 @ 12:05AMMumbai, Mar 12 (PTI) The Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade today in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
Rupee Set for Fifth Weekly Gain on Recovery Outlook, Inflows Thursday, March 11, 2010 @ 11:06PMThe rupee extended this year’s gain to 2.4 percent, the third-best performer among the 10 most-active Asian currencies outside of Japan, and global funds bought $2.3 billion more of local shares that they sold through March 10, according to exchange data.
Rupee gains 17 paise against dollar in early trade Thursday, March 11, 2010 @ 10:37PMThe Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade on Friday in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
Rupee gains 17 paise against dollar in early trade Thursday, March 11, 2010 @ 10:22PMMumbai, Mar 12 (PTI) The Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade today in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
The Delhi Dossier Thursday, March 11, 2010 @ 10:21PMThe dossier handed over to Pakistan lists accused named in various terror attacks across India.
Putin to sign multi-billion dollar arms deals in India Thursday, March 11, 2010 @ 8:40PMRussian Prime Minister Vladimir Putin was to seal a series of multi-billion dollar arms deals Friday during a visit to India aimed at boosting ties with Moscow's old Cold War ally.
Govt rejects relaxing foreign donation rules Thursday, March 11, 2010 @ 4:02PMIndian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
Govt rejects relaxing foreign donation rules Thursday, March 11, 2010 @ 4:02PMIndian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
Kodiak Oil & Gas Corp. Reports 2009 Full-Year and Fourth Quarter Financial and Operating Results Thursday, March 11, 2010 @ 3:49PMKodiak Oil & Gas Corp. , an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today announced its fourth quarter and full year 2009 financial and operational results. Â The Company also today provided an interim operations update and reported estimated quantities of proved ...
Kodiak Oil & Gas Corp. Reports 2009 Full-Year and Fourth Quarter Financial and Operating Results Thursday, March 11, 2010 @ 3:49PMKodiak Oil & Gas Corp. , an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today announced its fourth quarter and full year 2009 financial and operational results. Â The Company also today provided an interim operations update and reported estimated quantities of proved ...
India’s Fortis Healthcare buys TPG’s Parkway stake Thursday, March 11, 2010 @ 11:18AMSINGAPORE/NEW DELHI: Indian hospital chain Fortis Healthcare will buy 23.9% of Singapore’s Parkway Holdings from US buyout firm TPG Capital in an expansion drive into Asia and the Middle East.
Fortis acquires24pc of Parkway Thursday, March 11, 2010 @ 10:40AMSINGAPORE/NEW DELHI: Indian hospital chain Fortis Healthcare will buy 23.9 per cent of Singapore's Parkway Holdings from US buyout firm TPG Capital in an expansion drive into Asia and the Middle East. The US$685 million (US$1 = RM3.32) deal will give Fortis a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia, it said. The move continues an overseas ...
Fortis gains foothold inS-E Asia via Parkway Thursday, March 11, 2010 @ 10:40AMSINGAPORE/NEW DELHI: Indian hospital chain Fortis Healthcare will buy 23.9 per cent of Singapore's Parkway Holdings from US buyout firm TPG Capital in an expansion drive into Asia and the Middle East. The US$685 million (US$1 = RM3.32) deal will give Fortis a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia, it said. "Strategically, it is a very good ...
SBI gets Chinese nod to lend in yuan Thursday, March 11, 2010 @ 10:40AMThe State Bank of India (SBI) has got the permission from the Chinese authorities to lend in the local currency, the yuan--becoming the first Indian bank to get such permission from the Communist country.
Rupee ends lower by 34 paise at 45.37 against Dollar Thursday, March 11, 2010 @ 8:51AMMumbai, Mar 11 : The Rupee today finished weaker at 45.61 against the dollar with a loss of 34 paise on fresh demand for the greenback by foreign banks and firm trend in equity markets, traders at the Interbank Foreign Exchange (FOREX) said here.
SBI gets Chinese Govt nod to lend in Yuan Thursday, March 11, 2010 @ 7:58AMState Bank of India has received the permission from the Chinese Government to lend in the local currency -Yuan, a top official said on Thursday
Direxion Shares Launches Six New Leveraged ETFs Thursday, March 11, 2010 @ 7:00AMDirexion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, is pleased to announce the launch of six new Direxion Shares Daily ETFs to its existing lineup of multi-directional, leveraged funds.
India’s Sensex Index Rises to Seven-Week High; Sun Pharma Gains Thursday, March 11, 2010 @ 6:51AMMarch 11 (Bloomberg) -- Indian stocks rose to a seven-week high as optimism economic expansion will spur earnings growth outweighed concern policy makers will withdraw liquidity to contain inflation.
Trade assured help on foreign currency loans Thursday, March 11, 2010 @ 5:59AMNEW DELHI: The Commerce and Industry Minister, Mr Anand Sharma on Thursday assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional char ges.
(AFX UK Focus) 2010-03-11 11:50 Indian shares rise 2nd day; banks, techs gain Thursday, March 11, 2010 @ 5:56AMBy Ami Shah
Sharma assures traders of help for forex loans Thursday, March 11, 2010 @ 5:43AMCommerce and Industry Minister Anand Sharma today assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional charges.
1 held, fake currency seized Thursday, March 11, 2010 @ 4:33AMNedumbassery, Mar 11 : Directorate of Revenue Intelligence officials arrested a passenger here today after he arrived at Kochi International Airport from Dubai and seized 30 bundles of fake Indian currency amounting to Rupees 24,18,000 here.
Thursday's news and tips Thursday, March 11, 2010 @ 4:06AM■ JD Wetherspoon reinstated its dividend as the pub group reported half-year sales and profits at record levels. ■ South African insurer Old Mutual has resumed dividend payments following a better second-half and is exploring the sale of US Life and a partial IPO of its US asset management business.
Japan to fight global trade ban on Atlantic bluefin tuna Thursday, March 11, 2010 @ 3:13AMJapan vowed Thursday to fight a global trade ban on Atlantic bluefin tuna, the pricey mainstay of sushi and sashimi, as Europe and the United States step up moves to protect the species.
(AFX UK Focus) 2010-03-11 08:11 Italian Stocks - Factors to watch on March 11 Thursday, March 11, 2010 @ 2:42AMMILAN, March 11 (Reuters) - The following factors could affect Italian markets on Thursday.
Crude oil prices: Reaching a boiling point? Thursday, March 11, 2010 @ 2:28AMUS crude oil futures edged down on Tuesday after hitting an 8-week high of $82 a barrel on Monday.
Indian rupee down on choppy shares, weak peers Thursday, March 11, 2010 @ 1:59AMMUMBAI, March 11 (Reuters) - The Indian rupee weakened on Thursday as the dollar's gains versus major currencies overseas and choppy domestic shares underpinned sentiment.
London pre-open: Early retreat expected Thursday, March 11, 2010 @ 1:59AMLONDON (SHARECAST) - It looks like being a gloomy start to trade in London after last night’s flat finish on Wall Street, wit stocks pulling back from yesterday’s new 18-month high.
Rupee edges down on choppy shares, weak peers Thursday, March 11, 2010 @ 1:26AMThe rupee weakened slightly in early trade on Thursday as the dollar's gains versus major currencies overseas and a choppy start in domestic shares underpinned sentiment.
EM ASIA DEBT-ICTSI bonds rise on growing appetite for risk Thursday, March 11, 2010 @ 12:53AMBy Jun Ebias
Rupee falls by 7 paise against dollar in early trade Wednesday, March 10, 2010 @ 10:22PMMumbai, Mar 11 (PTI) The Indian rupee depreciated by 7 paise against the dollar in early trade today following fresh capital outflows by foreign funds amid the US currency's gains overseas.
Independent body to review climate panel Wednesday, March 10, 2010 @ 9:57PMA respected international scientific body will review the UN's Nobel prize-winning climate panel, under fire for errors in a key report on global warming, UN chief Ban Ki-moon has said.
SBI gets China's nod to deal in yuan Wednesday, March 10, 2010 @ 9:55PMSBI gets China's nod to deal in yuanSBI gets China's nod to deal in yuan
Henin cruises into Indian Wells second round Wednesday, March 10, 2010 @ 8:27PMJustine Henin says her 2004 Indian Wells triumph seems a long time ago, but she made it look like yesterday with a dominant first-round victory in the WTA hardcourt tournament.
EU begins negotiations with Asian countries Wednesday, March 10, 2010 @ 6:27PMThe European Union has began a fresh round of negotiations with Asian countries, not wanting to be left out of a rapidly evolving regional trade bloc.
Flavourful Muslim fare in Taiwan Wednesday, March 10, 2010 @ 6:12PMEXCEPT for his white skull-cap, 80-year-old Yusuf Ai looks as ordinary as the next man. The octogenarian is, however, the face for an official travel guidebook published by Taiwan Tourism Bureau titled Travelling in Taiwan For Muslims.
Currency fluctuations dent IT firms top line Wednesday, March 10, 2010 @ 2:50PMDuring the last few quarters, Indian IT firms have been witnessing the impact of volatile currency movements on their top line. This quarter too, though there have been gradual currency movements, they are not volatile.