The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The Reserve Bank of India said on Sunday it would allow investors who sell their local shares to companies for conversion into ADRs and GDRs to keep the money from the sale in a foreign currency account.
Some might contend that a candidate for being termed the most corrupt (or corrupting) country in the world is Switzerland.
Michelle Obama's favourite desi designer will not be dressing the incoming US First Lady.
West Bengal has a 2,200 km porous border with Bangladesh over 10 districts.
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
North Korean have proven to be priceless when measured in diplomatic currency at South Korea's Winter Games
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
Gold stocks in India are estimated to be over 20,000 tonnes at present.
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
Industry fears tougher US stance on IP after President Donald Trump asserted that foreign countries must pay a fair share for drug development costs. Aneesh Phadnis reports.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
He said the US believes that when nations respect the rights of their neighbours and defend the interests of their people, they can better work together to secure the blessings of safety, prosperity and peace.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
He said India has also opened its defence industry 'like never before' and sought investments in the sector.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
Most tour operators offer accommodation to suit different budgets.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
Security officials on Wednesday revealed that suspected operative of Pakistan's spy agency Inter-Services Intelligence Mohammed Zaheed Hussain, who was arrested days before the twin blasts in Chennai, was part of a larger mission to target critical national assets and some foreign establishments.
'If Vajpayee's BJP saw a chance to redefine India's nuclear theology, Modi's BJP has scarcely paid any attention to it.'
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
Singapore retained its title as the world's most expensive city for the fourth consecutive year, while Hong Kong remained second, closely followed by Zurich at the 3rd place.
Chinese President Xi Jinping on Sunday vowed to work with the United States for healthy and stable development of bilateral ties, calling cooperation the "correct" choice for both the countries.
De Beers, the world's premier source for rough diamonds, has painted an attractive picture for jewellery demand.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Economist Abheek Barua's insight into the global and domestic economy at the turn of the financial year.
The world seems to have caught severe pneumonia, or worse, as China had flu.
Is Devyani Khobragade's arrest connected to India detaining an anti-piracy ship owned by a US security firm, asks Colonel Anil A Athale (retd).
Month end dollar demand from oil importers has forced rupee to trade weak.
Trump tweeted, hours after Pentagon announced it had reached an understanding with China for the return of the drone.
'The Constitution must reflect the reality of mature states because otherwise it is the Centre that will become irrelevant,' says T C A Srinivasa-Raghavan.
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
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