Forex Reserve May Cross $400 Bn Mark By Sept First Week

The Hindu Businessline| Aug 17, 2017 If The Present Pace Of Dollar Accretion To The Forex Kitty Continues, Which Crossed Past The USD 393 Billion, The Reserves May Hit The USD 400-Billion Mark By The Week To September 8, 2017, Says A Report.Forex Reserves Have Been Rising With A Total Accretion Of USD 4.389 Billion [...]

August 17th, 2017|Economy|

Rupee Ends 3 Paise Lower At 64.15 Against Us Dollar

Economictimes.Indiatimes| Aug 16, 2017 The Rupee Staged An Impressive Comeback After Plunging To A Fresh Three-Week Low And Ended With A Modest Loss Of 3 Paise At 64.15 A Dollar Today Even As Local Equities Put Up A Strong Performance. The Outcome Of The Two-Day Policy Meeting Of The Federal Reserve And Resurgent Dollar Overseas Largely [...]

August 16th, 2017|Economy|

For SEBI Okays 6-Month Extension NCDEX MD Samir Shah

The Hindu Businessline| Aug 16, 2017 The Securities And Exchange Board Of India Has Given Its Nod For The Extension Of Samir Shah’s Tenure As NCDEX CEO And MD For Six Months Even As Advertisement Has Been Issued By The Commodity Bourse For The Selection Of A New Candidate.Shah Was Appointed In 2013 As Per [...]

August 16th, 2017|Economy|

Roaring Rupee

The Hindu Businessline| August 13, 2017 The Rupee’s Unusual Bout Of Appreciation Against The Dollar Has Taken Quite A Few Market-Watchers By Surprise. Even As Forecasters Have Been Raising Warning Flags, The Currency Has Continued To Strengthen, Marking A Two-Year High Of 63.6 Against The Dollar Last Week. In Fact It Was Rbi Intervention Which [...]

August 13th, 2017|Economy|

Rupee Tumbles To 64.10 On Increased Dollar Demand

The Hindu Businessline| August 10, 2017 The Rupee Tumbled By 26 Paise To 64.10 Against The US Dollar On Increased Demand For The American Currency From Importers And Banks Amid Foreign Fund Outflows.According To Forex Dealers, The Rupee Sentiment Was Also Hit As The Dollar Recovered From Eight-Week Lows Against Some Currencies Overseas And The [...]

August 10th, 2017|Economy|

Rupee Weakens To 63.84

The Hindu Businessline| Aug 09 2017 The Rupee Weakened By 21 Paise To 63.84 Against The Us Dollar Due To Mounting Tensions Between Us And North Korea.North Korea Said On Wednesday It Is “Carefully Examining" Plans For A Missile Strike On The Us Pacific Territory Of Guam, Just Hours After Us President Donald Trump Told [...]

August 9th, 2017|Economy|

Rupee Jumps 17 Paise To End At 63.63

The Hindu Businessline| Aug 8, 2017 The Rupee Today Staged A Strong Comeback After A Brief Overnight Slump To Close Higher At 63.63, A Smart 17 Paise Gain Even As The Us Dollar’s Recovery Against Major Rivals Overseas Short-Lived.Fresh Bouts Of Dollar Selling Interest From Local Corporates And Exporters Along With Growing Expectations Of More [...]

August 8th, 2017|Economy|

Rupee Trading Weak At 63.81

The Hindu Businessline|7 August 2017 The Rupee Was Trading Weak At 63.81 Due To Heavy Demand For The American Currency From Banks And Importers.According To Forex Dealers, The US Dollar’s Gains Against Some Currencies Overseas On Strong Jobs Data Put The Rupee On Backfoot.The Domestic Unit Opened Weak By 14 Paise At 63.72 At The [...]

August 7th, 2017|Economy|

Vidarbha, Marathwada farmers’ crop pattern fetches low loans

Indian Express| June 15, 2017 The crop pattern in western and north Maharashtra gives an advantage to the farmers to avail of higher loan component compared to their counterparts in the backward districts of Vidarbha and Marathwada regions of Maharashtra, officials in the agriculture ministry said.A source in the government said: “The agriculture loan for [...]

June 15th, 2017|Economy|

GST regime: Grain merchants shut shops as protest against 5% tax

Business-Standard| June 15, 2017 Grain merchants in the city pulled down shutters on Thursday as a mark of protest against the 5 per cent GST on branded grains.Most wholesale grain and pulse shops remained closed in Naya Bazar, said Ashok Kumar Bansal, General Secretary, Grain Merchant Welfare Organisation.Bansal said the organisation pitching for a lower rate will write a [...]

June 15th, 2017|Economy, Uncategorized|