It has gained by 23 paise or 0.36 per cent in two days
Fag-end selling of dollars by banks and exporters
Indian Overseas Bank said plans to increase the paid up capital through a public issue of equity shares for Rs 1000 million.
The rupee opened slightly higher by Rs 67.24 against Tuesday's closing level of Rs 67.26 per dollar.
In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 per cent.
Bearish dollar overseas also supported the rupee
Extending losses for the fourth straight session, Indian rupee on Monday declined by ten paise to log over 13-month closing low of 63.67.
The quantum of FPI investments via P-notes remain unchanged at 6.6 per cent in March.
Celestial Overseas Ventures, a British Virgin Island-based investor, plans to acquire five per cent stake in electronics major BPL Limited, thus taking up the foreign equity component in the Bangalore-based firm to 5.57 per cent.\n\n\n\n
During March, FPIs were net buyers to the tune of over Rs 21,000 crore (Rs 210 billion) in equities.
While BlackRock is an existing investor in Byju's, T Rowe joined as a new investor.
FDI is essentially long-term investments that come with added benefits such as better technology, management and marketing assistance, says the study.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
The rupee fell sharply by 32 paise at 66.37 against the US dollar in early trade on Tuesday.
The tightening of stock exchange laws in the European Union may affect Indian companies going for overseas listing of their equity and debt issues, as they have to mandatorily stick to one country for all future fund raising activities.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Persistent dollar demand from banks and importers on the back of a higher dollar in the New York market mainly affected the rupee.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
In forward market, premium for dollar declined in view of mild receivings from exporters.
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
Globally, gold prices slipped by 0.26 per cent to $1,246.20 an ounce in early trade in London.
As per data compiled by capital markets regulator Securities and Exchange Board of India, net investment by FIIs into Indian equities in May was Rs 14,006 crore ($2.35 billion), while in the debt markets it stood at Rs 19,772 crore ($3.34 billion) taking the total to Rs 33,778 crore ($5.7 billion).
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
The US dollar index, which measures greenback's strength against a trade-weighted basket of six major currencies, was up 0.14 per cent at 96.74.
The rupee has lost 37 paise or 0.55 per cent in two days.
Experts said the rules will help curb market manipulation and money laundering, which could take place during the transfer of shares between residents and NRIs.
Almost a year after announcing a $4 billion deal, Sun Pharmaceutical Industries on Tuesday said merger of Ranbaxy with itself has been 'consummated.'
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
The rupee has dropped by 83 paise or 1.24 per cent in three days
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
The finance ministry is looking into a proposal that would allow overseas retail investors to invest directly in Indian equity markets. This is part of a review of the overall regime for the participation of foreign investors in primary and secondary markets.
The government on Thursday said divestment in Nalco was not being pursued at the current juncture although it had earlier decided in 2001 to sell equity through domestic and overseas public offer and strategic sale.
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
It is raining private equity funds in the logistics and warehousing space.
With an investment of $4.78 billion in November, the total inflows of foreign institutional investors so far in 2010 have crossed record $38.76 billion-mark.
