Reserve Bank of India - Indian Currency News

Indian Currency News

When slaves were just slaves Friday, November 21, 2008 @ 10:31AMIn her new novel, Toni Morrison says she was trying to erase racism from the American narrative.
Heinz Reports 5.8% Organic Sales Growth, and a 22.5% Increase in EPS to $0.87 in Second Quarter Friday, November 21, 2008 @ 6:00AM PITTSBURGH----H. J. Heinz Company today announced strong second-quarter earnings of $0.87 per share, a 22.5% increase from a year ago, reflecting higher sales and the benefit of the Company’s strategic decision to hedge translation exposures on key currency exchange rates for the quarter and for the remainder of the Fiscal Year.
Air France-KLM reports a 96.2 percent fall in second quarter earnings Friday, November 21, 2008 @ 3:18AMAir France-KLM Group reported a net profit of euro28 million ($35.4 million) for the July-September period, down 96 percent from euro736 million a year earlier.
Sonia Gandhi, Manmohan Singh confident about India minimising global meltdown impact Friday, November 21, 2008 @ 3:08AMNew Delhi, Nov.21 : The Prime Minister, Dr. Manmohan Singh, and the Chairperson of the ruling United Progressive Alliance (UPA), Sonia Gandhi, on Friday said that India had the capability to minimise the negative impact of the global financial meltdown.
November 21, 2008 | 14:18 IST Friday, November 21, 2008 @ 2:48AMThe Indian market has turned highly volatile in mid-afternoon trade, with the key stock indices slipping into the red zone briefly, before rebounding back into the positive territory. Earlier, the market had rallied after a smart recovery in Asian markets and a big jump in US stock futures.
Indian stocks climb more than 4 per cent Friday, November 21, 2008 @ 12:52AMNew Delhi - Indian equities climbed over 4 per cent in morning trade on Friday, recovering some losses from trading sessions in the last few days. The 30-share Sensex of the Bombay Stock Exchange, which has fallen more than 2,000 points over the last...
Re down 30 paise vs $ in early trades Thursday, November 20, 2008 @ 11:17PMThe Indian rupee fell by 30 paise against the US currency to Rs 50.50 in early trade today on heavy outflows of foreign funds amid melting Asian equity markets.
Rupee down 30 paise against dollar Thursday, November 20, 2008 @ 10:38PMRupee fell by 30 paise against the US currency to Rs 50.50 in early trade today on heavy outflows of foreign funds amid melting Asian equity markets.
Our sponsors Thursday, November 20, 2008 @ 10:37PMAuthor: Dr. Krishna Mikilineni Managing Director, Honeywell Technology Solutions Lab.
Indian market likely to open lower tracking weak global cues Thursday, November 20, 2008 @ 10:29PM(RTTNews) - Friday, the Indian market is likely to test its multi-year lows, though some buying may emerge later in the day, as the key indexes breach their next support levels. Investor sentiment may remain fragile on concerns about the broad outlook for the global economy.
(AFX UK Focus) 2008-11-21 00:59 PRESS DIGEST - Malaysia - Nov 21 Thursday, November 20, 2008 @ 7:04PMFollowing are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
CBI raid on IAS officer for disproportionate assets Thursday, November 20, 2008 @ 3:37PMThe Central Bureau of Investigation (CBI) conducted raids at three residential premises of an IAS officer and registered a case against him for possession of disproportionate assets.
Indonesian rupiah falls to lowest in a decade Thursday, November 20, 2008 @ 2:50PMJAKARTA/SINGAPORE: The Indonesian rupiah yesterday tumbled to its weakest level since the Asian financial crisis a decade ago and trading almost ground to a halt as forward markets indicated the currency would slump further.
Foreign borrowings aplenty for India Inc despite turmoil Thursday, November 20, 2008 @ 2:29PMIndian Inc continues to find favour with overseas lenders, the global financial turmoil notwithstanding. Indian companies borrowed $1 billion overseas in the month of October in the current fiscal.
J&K Poll will be full of surprises Thursday, November 20, 2008 @ 12:14PMThe election process started in Jammu and Kashmir on Nov 17 when votes were cast for ten seats spread across the State in three regions that is Kashmir Valley, Jammu province and Ladakh, but three regions voted or abstained for reasons which have no common trend running.
Google India re-launches SMS search Thursday, November 20, 2008 @ 4:26AMThe search services allow users to SMS their query to 9-77-33-00000 at the cost of a regular SMS and get instant answers thus allowing users to search Google via text messages.
WRAPUP 3-Indonesia rupiah hits decade low, market on edge Thursday, November 20, 2008 @ 2:42AM* Rupiah drops lowest level since Asia financial crisis
(AFX UK Focus) 2008-11-20 07:18 RPT-TOPWRAP 3-Weak Japan exports pile on gloom, shares plunge Thursday, November 20, 2008 @ 1:55AMBy Tetsushi Kajimoto and Jason Subler
Rupee opens at record low per dollar Wednesday, November 19, 2008 @ 10:00PMThe rupee opened at a record low of 50.50 per dollar as a sharp fall in Asian share prices raised worries of foreigners cutting local equity holdings.
Rupee opens at record low per dollar Wednesday, November 19, 2008 @ 9:57PMMUMBAI: The Indian rupee opened at a record low of 50.50 per dollar on Thursday as a sharp fall in Asian share prices raised worries of foreigners cutting local equity holdings and repatriating the funds.
Philippine central bank defends peso Wednesday, November 19, 2008 @ 8:45PMSporadic intervention by the central bank, Bangko Sentral ng Pilipinas (BSP), on Wednesday allowed the peso to avoid slipping past the 50-per-dollar mark despite turbulent regional currency markets, currency traders said.
Western Navies May Get Tougher on Piracy After Tanker Seizure Wednesday, November 19, 2008 @ 8:45PMNov. 20 (Bloomberg) -- The seizure of a Saudi oil supertanker by Somali pirates may push Western navies to step up their actions against hijackers, military experts said.
Philippine central bank defends peso Wednesday, November 19, 2008 @ 8:19PMporadic intervention by the central bank, Bangko Sentral ng Pilipinas (BSP), on Wednesday allowed the peso to avoid slipping past the 50-per-dollar mark despite turbulent regional currency markets, cu .....
FDI cap fits fine, says finance ministry Wednesday, November 19, 2008 @ 2:59PMOpposition from the finance ministry could defeat the plans of department of industrial policy and promotions (DIPP) which is keen to allow foreign institutional investors (FIIs) to have ownership in Indian companies more than the levels allowed for foreign direct investment (FDI).
Re weakens further, nears 50 Wednesday, November 19, 2008 @ 2:55PMThe rupee On Wednesday turned weak to close near Rs 50 to a dollar as banks bought greenback for importers and foreign funds. The sustained fall in the stock markets due to offloading by overseas funds also contributed to the depreciation.
Rupee falls to historic depth, hits 50 per dollar Wednesday, November 19, 2008 @ 2:52PMThe rupee closed at 50 per dollar for the first time on Wednesday as selling of stocks by foreign institutional investors continued amid worsening global economic conditions.
PM Doha Time Wednesday, November 19, 2008 @ 2:21PMMUMBAI: India’s rupee fell to a record closing low as Asian stock losses added to speculation overseas funds are pulling out of the region amid the global recession.
Cross currency headwinds for IT firms Wednesday, November 19, 2008 @ 1:57PMCHENNAI: Though top IT companies such as Infosys, TCS and Wipro posted a mere 2-5% growth in dollar revenues in the July-September quarter, roads could get rougher ahead in the October-December quarter (3QFY09). Sharp cross currency movements may force tech biggies to report slower $-denominated revenue, which are already under pressure due to financial clients.
Cross currency headwinds for IT firms Wednesday, November 19, 2008 @ 1:32PMSharp cross currency movements may force tech biggies to report slower $-denominated revenue, which are already under pressure due to financial clients.
Rupee ends weaker than 50 per dollar for first time Wednesday, November 19, 2008 @ 1:27PMMUMBAI: The rupee fell sharply against the dollar to close at an all-time low of Rs 50.02 on Tuesday. The 35-paise fall from its previous closing was prompted by heavy dollar demand from FIIs exiting Indian stocks and oil companies.
Templeton Releases Closed-End Funds Portfolio Allocation Update Wednesday, November 19, 2008 @ 8:15AM FORT LAUDERDALE, Fla.----The Templeton closed-end Fund referenced below, which trades on the New York Stock Exchange, today released a portfolio allocation update containing the following information as of October 31, 2008: Asset Allocation Portfolio Characteristics Net Currency Distribution Country Distribution
Rupee ends at all-time low of 50.02/03 a dollar Wednesday, November 19, 2008 @ 7:58AMThe Indian rupee on Wednesday closed at its all-time low of 50.02/03 against the greenback after losing 35 paise on relentless capital outflows, sustained demand for US dollar and weak equity markets.
Equities end in red, key index below 9,000 Wednesday, November 19, 2008 @ 6:35AMDespite staying in positive territory throughout the morning, Indian equities markets Wednesday again came under selling pressure to end the day in the red with a key index shedding more than 160 points to stay below the psychologically important 9,000 mark.
Google relaunches SMS service in India Wednesday, November 19, 2008 @ 5:47AMNEW DELHI, INDIA: Search giant Google Inc. launched an SMS-based text message service that will offer search services across the country recently. This service would be available across all operators on both GSM and CDMA mobile phones at cheaper rates, even to those who have mobile phones but do not have Internet connections.
Boyden Report Finds Latin American Executives Rank High in Managing Crisis Wednesday, November 19, 2008 @ 5:00AM SANTIAGO, Chile----Latin America’s historic political and economic challenges have benefited the region by building an executive population with an impressive set of skills highly valued by both local and multinational companies, according to The Boyden Report – Multi-latinas Drive Destiny released today by Boyden Global Executive Search.
(AFX UK Focus) 2008-11-19 09:07 India state banks sell dlrs at 49.8 rupees-traders Wednesday, November 19, 2008 @ 3:36AMMUMBAI, Nov 19 (Reuters) - Indian state-run banks have been selling dollars at 49.80 rupees, to prevent the rupee from falling sharply, four traders said on Wednesday. At 2:16 p.m. (0846 GMT), the partially convertible rupee was at 49.75/76 per dollar, off a low of 49.8150, but still weaker than 49.66/67 at close on Tuesday. Two dealers said there was pressure on the currency due to heavy dollar ...
India state banks sell dlrs at 49.8 rupees-traders Wednesday, November 19, 2008 @ 2:52AMMUMBAI, Nov 19 (Reuters) - Indian state-run banks have been selling dollars at 49.80 rupees, to prevent the rupee from falling sharply, four traders said on Wednesday.
SEBI Likely To Introduce Options, Delivery-Based Settlement In Currency Futures Wednesday, November 19, 2008 @ 2:15AM(RTTNews) - The Securities Exchange Board of India, or SEBI, is contemplating to widen the exchange-traded currency futures market by permitting currency options, delivery-based settlement and futures contracts in more currencies.
Rupee steady against dlr in early trade Wednesday, November 19, 2008 @ 12:28AMThe Indian rupee was quoted steady against the US currency at 49.68/69 in late morning trade after opening weak, as expectations of a fresh set of monetary measures by the Reserve Bank to beat the liquidity crunch influenced sentiments.
Rupee steady against dollar in early trade Wednesday, November 19, 2008 @ 12:23AMCOMMENT ON THIS ! Your Views! The Indian rupee was quoted steady against the US currency at 49.68/69 in late morning trade after opening weak, as expectations of a fresh set of monetary measures by the Reserve Bank to beat the liquidity crunch influenced sentiments.
Brighton duo face indictment in international drug trafficking case Tuesday, November 18, 2008 @ 5:30PM Two men arrested in an Oak Square drug bust in April 2007 are among almost three dozen defendants indicted in connection with an international drug trafficking organization that smuggled more than 22,000 pounds of Canadian marijuana through an Indian reservation and into the United States.
Millions are starving in Somalia, but in Eyl piracy is big business Tuesday, November 18, 2008 @ 4:38PMA few years ago Eyl – the main lair of Somalia’s modern-day pirates – was nothing more than a tiny fishing port. A few tin-roofed shacks were its only dwellings.
Sensex, rupee extend declines Tuesday, November 18, 2008 @ 3:36PMMUMBAI: India’s Sensitive Index dropped for a fifth straight day yesterday. ICICI Bank led financial shares lower after saying it had cut its lending growth target by half.
Sensex dips below 9000 again, IT stocks take a hit Tuesday, November 18, 2008 @ 3:30PMMUMBAI: Extending the losing streak to the fifth straight day, the bellwether Sensex on Tuesday closed below 9000 level in nearly three weeks amid ruins in global bourses on heightened fears of prolonged economic recession. The Bombay ...
South Indian Bank hikes rates on NRI deposits Tuesday, November 18, 2008 @ 9:46AMSouth Indian Bank raised the interest rates for foreign currency and rupee deposits by non-residents, which would come into effect from Nov 16.
HP Defies Economic Slide With Strong Fourth Quarter Tuesday, November 18, 2008 @ 8:57AMHewlett-Packard reported a sharp increase in fourth quarter revenue and expects a profitable fiscal 2009 despite a gloomy...
SIB hikes rates on NRE, FCNR deposits Tuesday, November 18, 2008 @ 6:38AMSouth Indian Bank (SIB) today raised the interest rates for foreign currency and rupee deposits by non-residents, which would come into effect from November 16.
Shyam Telelink Connects One Hundred Thousandth Subscriber to Its CDMA Network in the State of Rajasthan Tuesday, November 18, 2008 @ 6:32AM MOSCOW----Sistema , the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector, today announced that Shyam Telelink Ltd. , a subsidiary of Sistema, has connected the one hundred thousandth subscriber to its CDMA 800 MHz mobile network in the state of Rajasthan since its launch on September 30, 2008.
Indian rupee falls to 3-week low as shares slide Tuesday, November 18, 2008 @ 6:11AM* Rupee under pressure as outflow worries gather momentum
(AFX UK Focus) 2008-11-18 11:14 Indian shares fall 3.8 pct as global gloom deepens Tuesday, November 18, 2008 @ 5:35AMBy Narayanan Somasundaram