Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
The rupee depreciated by 17 paise to end at nearly one-month low of 61.72 against the greenback on Friday on sustained dollar demand even as domestic equities surged to new highs.
Traders are now focussed on the upcoming November trade data, due sometime this week, for near-term direction, with consumer inflation data due out on Thursday, which will help set expectations ahead of the Reserve Bank of India's policy review on December 18.
The domestic currency had lost 63 paise to close at over four-month low of 61.18 against the dollar in Friday's trade on weakness in global stock markets and a strong US currency overseas.
They want more cash, forex, higher bond coupons and increase in market prices for petrol, diesel, LPG.
Gandhi accusing the minister of 'lying' on HAL's capability to build the jet fighters, saying her position is untenable.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Suresh Kumar's nomination by United States President Barack Obama, to be assistant secretary of commerce and director general of the United States and Foreign Commerce Service, sailed through two key US Senate Committees last week.Now the full Senate has to vote on his nomination, and sources said he could be in place in his job at Commerce by late February or early March.
Young, ambitious workforce learns skill degrees come with no guarantees.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The State Bank of India SBI has raised the benchmark lending rate by 50 basis points to 12.25 per cent.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
Without giving specific details, Sebi said that SBI was being probed for 'alleged violation of regulations' contained in as many as 11 sections, sub-sections and clauses, including those related to the Code of Conduct, of the Securities and Exchange Board of India (Debenture Trustees) Regulations.
New Delhi has missed its target for partial privatisations for the past five years
However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
India Inc's earnings seem to have gathered momentum with a surge in the BSE Sensex over the past two quarters.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
The rupee had gained 2 paise to end at 60.93 against the greenback in Thursday's trade.
All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.
The Reserve Bank is unlikely to lower the interest rates.
Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.
The rupee had eased by five paise to close at 60.50 against the dollar in the previous session on Thursday.
The return of investor confidence in the equity markets is bringing some of the large companies back to the fund-raising table.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
The monsoon this year in India was likely to be 'below normal' at 95% of LPA: Skymet
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion
While the number of active COVID-19 cases stood at 7,409, as many as 764 people have been cured and discharged, and one had migrated, it said. Of the total 273 deaths, Maharashtra tops the tally with 127 fatalities, followed by Madhya Pradesh at 36, Gujarat at 22 and Delhi at 19.
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.
Mulls ways to improve the bank's earnings, cut bad loans and step up credit recovery efforts
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
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The rupee was last at 62.05/06 after gaining to as high 61.9650 against the dollar, its highest since Nov 19. It had closed at 62.44/45 on Friday.
