The rupee had ended 13 paise higher at 60.92 against the greenback in Wednesday's trade following sustained dollar selling by exporters.
The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.
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 penalty was levied in connection with deficiencies and lapses in the operation and maintenance of the currency chest at the Secunderabad branch of SBI, it said. Last month, the RBI had imposed a penalty of Rs 3 crore (Rs 30 million) on SBI for violating know your customer/anti-money laundering norms.
Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.
In New York market, the dollar was little changed against major rivals yesterday as investors continued to comb through economic data and speeches from central bank officials to get a better sense of when the Federal Reserve could begin to raise interest rates.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
Keep a close eye on credit quality, financials of NBFCs before investing. These instruments should not constitute more than 15 to 20 per cent of your debt portfolio.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
While consumer electronics, technology, mobile phones, auto and sports-wear categories dominate the top 20, FMCG has only one entry in the list
One of the three men killed along with Ishrat Jahan had told THE Gujarat police prior to the alleged fake encounter that he planned to commit terrorist act in Ahmedabad but the Central Bureau of Investigation found "no evidence" that they had come here "to kill" Chief Minister Narendra Modi, the agency has said in its charge sheet in the 2004 case.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Shares of Kotak Mahindra Bank on Friday surged nearly 9 per cent after the private sector lender announced the acquisition of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore (Rs 150 billion).
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
Ashok Leyland, ITD Cementation India have more than doubled.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
New offerings by banks are changing the way you transact.
'Then why should people like us face this inconvenience?'
The reason is believed to be a 19% increase in interest cost.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Growth in India's gross domestic product for the June quarter of 2013-14, as well as for the entire 2014-15, was 4.7%.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
At the prison, both Ranjan and Manglik's cell phones were pressed into service by the CBI. Why the CBI didn't bring its own equipment seems a mystery... Ranjan's cell handset was given to Indrani and Manglik dialed it. Indrani then spoke and her speech, that emanated from the phone, via speaker mode, was recorded.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
Experts suggest six ways to play stocks that tank suddenly and make money as Sanjay Kumar Singh listens in
Few right moves and you can improve your credit score real fast
Pushpal Shinde now earns some Rs 50,000 a month.
About 80 per cent of the companies that are registered are essentially non-IT.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
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