Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
If you are serious about your future, here are some MBA programmes and short courses you can consider, advises Arun Jagannathan is co-founder and CEO, CrackVerbal.
We invited readers to share how they used their first salary. Here are some of the responses we received.
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RBI chief Raghuram Rajan said on Thursday he was 'very uncomfortable' with the inflation reading, a comment that probably seals the case for him to deliver his third rate increase next Wednesday, despite a weak economy.
Key risk for price rise is the 'deficient' monsoon that could lead to a pick-up in inflation expectations.
Shares of IT major Infosys fell by over 5 per cent after the company slashed its revenue guidance for the second time this year due to its recent performance and "near-term uncertain business outlook".
The Indian rupee is likely to appreciate to 46 a dollar in the backdrop of a stable government at the centre and relatively resilient domestic demand, says a report by global financial services giant Goldman Sachs.
This is the third increase in two months
The car is inspired by jets of the aeronautical world
Defender Anas Edathodika and midfielder Eugeneson Lyngdoh emerged as costliest picks for an identical Rs 1.1 crore by new outfit Jamshedpur FC and two-time champions ATK respectively in the Indian Super League domestic players draft in Mumbai on Sunday.
The Centre for Science and Environment (CSE) has announced its first media fellowship for journalists of the South Asian region on climate change.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
Weakness of dollar in the overseas market also boosted the rupee value against the dollar.
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
The trading range is expected to be within 63.00 to 63.80.
The dollar index was down by 0.02 per cent against a basket of six major currencies.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
Italics in New Delhi is looking for copy writers.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
The report, however, said a sustained weakness in USD against the emerging market forex remains a key risk to this view.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
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The central bank was seen selling dollars consistently when the rupee would approach the record low of 68.86 hit on August 28.
The players' auction for the Indian Premier League's second season got underway in Goa on Friday. A look the price list.
The Indian rupee on Wednesday ended unchanged against the US dollar at 61.41 ahead of the outcome of US Federal Reserve's policy meeting.
The dollar was weak against major world currencies.
Tribal rights activist Gladson Dungdung was offloaded from a London-bound Air India flight in New Delhi on Monday
The rupee has lost 23 paise or 0.35 per cent in two days.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback.
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The decline in the quantum of PE investment in realty sector was due to to less number of deals (13 in H1 2013) as the average ticket size of deals remained same. In first half of 2012, there were 19 PE deals.
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The rupee shed 6 paise to hit a fresh 1-month low of 62.31 on Thursday.
Month end dollar demand from oil importers has forced rupee to trade weak.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
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The rupee slumped to a record low of 65.56 on Thursday and is headed for a sixth straight session of decline.
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