The rupee had strengthened by 19 paise on Monday.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
when the Maharashtra delegation of small and medium businesses arrived in the US on October 9, the Indian consulate decided against holding a standard reception replete with boilerplate speeches. Rather, the consulate put together a programme that would increase the chances of things working out for them. They held an event on Lex Terrae (law of the land).
Wimbledon champion Garbine Muguruza notched up her first ever victory on Arthur Ashe Stadium with a 6-0, 6-3 win over American Varvara Lepchenko at the US Open on Monday.
The renminbi is expected to weaken another 2 per cent in six months.
'I am doing all this for the students of Kerala, and when they come and hit me, it is very frustrating.' 'My regret is that something that could set off for the future has been thwarted.' 'We have not changed the syllabus for decades, we have not accepted norms in education and technology is hardly used. Today's students are studying what I studied decades ago.'
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
The Indian rupee, however, saw the largest bullish bets in one year as worries about inflation eased.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
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.
It was a year of big gains for equity investors.
The output has seen a decline due to the ban in Karnataka and Goa.
Markets end higher ahead of Fed outcome, China stimulus
'Sakshi's medal will do to women's wrestling what Sushil's 2008 Olympic medal did to wrestling in general.' 'It will make more and more families put their daughters into wrestling.' 'More and more young girls will fall in love with the sport and demand that they be taken to akhadas.'
Trump said Putin would have been happier if Clinton had won as this would have made America weak.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
So unless you are convinced of getting your market timing absolutely bang on everytime, opting for SIPs is more realistic from a logistical and psychological standpoint, says Larissa Fernand
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
The ruling by US Judge Steven Rhodes, who cited the city's dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
The G-4 foreign ministers' grouping, that includes India, on Thursday called for urgent reform of the United Nations, including the Security Council, an issue that India has emphasised for the past several years.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances