The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
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 argument for a weaker rupee is substantial.
Rajesh Bhayani highlights all that you need to know about the online currency.
There is a vital difference between Bofors and Rafale, explains Shekhar Gupta.
Modi accused the Congress of criticising EVMs and the functioning of the Election Commission after they were reduced to 44 seats from 400 in Lok Sabha. "They did not question the EVMs after the recent Karnataka elections," he added.
The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.
Banks and exporters preferred to reduce their dollar position in view of its weakness.
It takes eight to nine months for developing a robust software from the time the rules are decided, warns Bharat Goenka, managing director of Tally Solutions, one of the entities entrusted as a 'Suvidha Provider' with developing ready software for customers to get them ready for the coming Goods and Services Tax.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
The National Democratic Alliance won 64 seats.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Why must Indians adjust their time-tested system because of what the West needs, asks Sanjeev Nayyar.
The Supreme Court order asking Kolkata-based Advanced Medicare and Research Institute Hospital to pay Rs 5.96 crore as compensation for medical negligence could wipe out an entire year's profit. With interest, the compensation translates to a little more than Rs 11 crore.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
Morgan Stanley has big plans to invest in India's real estate.
The West has built a culture of art philanthropy.
CBI on Monday submitted a list of five witnesses, including Anil Ambani, who are scheduled to be called for recording of their statements before the court.
For the past few years, Avigo has been in talks with many strategic players, including private equity investors, to sell its stake in Spykar.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
Even on paper, there is not much to choose, especially with Pune beating MI thrice this season including a comprehensive victory in Qualifier 1. But a impressive show by Mumbai in the final cannot be ruled out.
Month end dollar demand from oil importers has forced rupee to trade weak.
It was an evening to remember for the people residing in 'Mecca of Indian Football' as a riot of colours lit the Salt Lake skyline with much awaited Indian Super League (ISL) doing everything possible to strike the right chord with the football aficionado.
The rupee closed at Rs 66.21 in its last trading session.
'I am angry because this ever happened.' 'I am sad because it's painful to think what they must be going through.' 'I am glad we've fought hard to break through such cruel tradition.' 'But it burns my blood to think we're still holding on to regressive culture that is stemmed from preserving this so-called honour,' says Sukanya Verma.
The Zandu business grew rapidly, and we became debt-free within two years of the deal.
The CMM was appointed as commissioner to record 84-year-old Ammal's testimony by a Special CBI Court, holding trial in the case, in the wake of the Supreme Court's direction.
ASCI has released norms for fairness creams, saying these would go a long way in ensuring ads do not discriminate against people with dark skin.
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.
Market linking of petrol and diesel prices has helped the industry.
GST will lead to consolidation of multiple indirect taxes
Every three minutes, in some corner of the country, two Altos are being sold.
The BSE Realty Index is on a downhill journey.
In 2006-07, TCS had employed 7,000 people in the eastern states.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
CEOs are not happy with scorecard so far but are ready to invest more as they think one year is too short a time to revive the economy
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
