Sahara group has sought extension of negotiation facilities in the Tihar jail here for its chief Subrata Roy by a further 45 days.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
The government has provided a long-term vision.
Lauding the contribution of non-resident Indians in the development of the country, he said, 'Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives.'
The battered rupee gained 225 paise to 66.55 against the dollar today, the most in at least 15 years, after the Reserve Bank of India eased pressure in the currency market by starting a facility for state-run oil refiners to buy foreign exchange.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
The Association of Mutual Funds in India (Amfi) has already taken up the matter with the market regulator and the finance ministry.
The derivatives expiry on Thursday is also expected to add to the volatility.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
.JPG)
The partially convertible rupee closed at 66.24/25 per dollar after hitting a record low of 66.30, and down 2.9 per cent from its close of 64.30/31 on Monday.
Rajesh Bhayani highlights all that you need to know about the online currency.
'We have nothing to gain by helping any other country to become a threat to India,' former Sri Lanka president Mahinda Rajapaksa, who is on the comeback trail, tells Rediff.com in an exclusive interview.
The rupee fell to a two-year low of 64.84 against the US dollar.
According to technical analysts, the Nifty could trade in the range between 7,400 and 7,700.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
With a new captain in place, Rising Pune Supergiants would look to make amends for a poor last season but have a tough opening battle at hand against two-time former champions Mumbai Indians.
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
'No private project will take off at such high interest rates'
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
Education remains one of the key focuses of the new government.
Three way split of AIADMK has slowed decision-making, prompting industry to look outside the state, says T E Narasimhan.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
It's difficult to understand if GDP growth has actually improved.
Budget was a mild disappointment. Yet, the bull run continues.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The former finance minister's only child was arrested at Chennai airport.
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
Gold has pushed lower as a result of Chinese selling.
The money was paid to Mallya in two tranches in his offshore accounts.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
Senior advocate S Ganesh, appearing for Roy, submitted that it may not feasible for the group to dispose of its Indian properties as the real estate prices have crashed down since June this year.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances