Search found 936 matches
- Tue Jul 31, 2012 4:11 am
- Forum: Boards
- Topic: Oil companies flayed for hike in petrol price hike
- Replies: 0
- Views: 1918
Oil companies flayed for hike in petrol price hike
Bihar today accused oil companies for increasing the prices of petrol products without consulting the state government on irrecoverable taxes. "The oil companies have not given any information to the state government about the irrecoverable taxes before increasing the petrol prices," Bihar Deputy Ch...
- Tue Jul 31, 2012 3:59 am
- Forum: Boards
- Topic: Buy MCX Gold August around Rs 29690:
- Replies: 0
- Views: 1865
Buy MCX Gold August around Rs 29690:
Fortune Financial Servies has come out with its report on bullion, energy and metals. According to the research firm, day traders can buy gold around Rs 29690 with a stoploss of Rs 29580, for the targets of Rs 29890 & 30000. Bullion: Gold futures on MCX were trading in a narrow range tailing a simil...
- Tue Jul 31, 2012 3:44 am
- Forum: Boards
- Topic: Subbarao sees scope to cut interest rates in 2012
- Replies: 0
- Views: 1835
Subbarao sees scope to cut interest rates in 2012
The Reserve Bank of India has scope to cut interest rates during this calendar year, Governor Duvvuri Subbarao said in a news conference after the central bank's policy review , though he declined to elaborate further. Subbarao said fiscal measures from the government would not necessarily prompt th...
- Tue Jul 31, 2012 3:36 am
- Forum: Boards
- Topic: Bharti Airtel drops; report says may sell shares
- Replies: 0
- Views: 1941
Bharti Airtel drops; report says may sell shares
Shares in Bharti Airtel fall 2.4% after the Economic Times newspaper reported India's biggest mobile carrier is exploring issuing new shares to raise funds, citing two people aware of the plans. The report added Bharti was also examining other options, including external commercial borrowings or a p...
- Tue Jul 31, 2012 3:24 am
- Forum: Boards
- Topic: SNB Reports H1 Consolidated Profits Of Chf 6.5 Bln
- Replies: 0
- Views: 1927
SNB Reports H1 Consolidated Profits Of Chf 6.5 Bln
The net result on forex positions amounts to 5.1 bln Sfr * Watched for clues on how long it may sustain franc cap * SNB was sharply criticized for big loss in 2010 ZURICH, July 31 (Reuters) – The Swiss National Bank recorded a profit 6.5 billion Swiss francs ($6.63 billion) for the first half of 201...
- Tue Jul 31, 2012 3:14 am
- Forum: Boards
- Topic: RBI-Further Relaxations to Exchange Earners, Exporters and A
- Replies: 0
- Views: 1873
RBI-Further Relaxations to Exchange Earners, Exporters and A
Reserve Bank of India has reviewed the extant guidelines governing Exchange Earner’s Foreign Currency (EEFC) Accounts, cancellation and rebooking of forward contracts booked by the exporters and the Net Overnight Open Position Limit (NOOPL) of the Authorised Dealer Category-I Banks. In order to prov...
- Thu Jul 26, 2012 5:03 am
- Forum: Boards
- Topic: Obama's key healthcare law may boost Indian generics
- Replies: 0
- Views: 1783
Obama's key healthcare law may boost Indian generics
The historic ruling of the US Supreme Court last week which upheld President Barack Obama's Patient Protection and Affordable Care Act to make minimum healthcare insurance a must for the US citizens could also be a big opportunity for the Indian generic drug industry, reports CNBC-TV18's Archana Shu...
- Thu Jul 26, 2012 4:14 am
- Forum: Boards
- Topic: CEO exodus leaves MF sector in quandry
- Replies: 0
- Views: 1754
CEO exodus leaves MF sector in quandry
It is no hidden fact that the mutual fund industry is going through a difficult phase and recent resignations by CEOs of key mutual funds have added fuel to the fire. Fund houses are being forced to resize and restructure its operations, reports CNBC-TV18 Mitra Joshi. There is no end to woes for the...
- Thu Jul 26, 2012 4:02 am
- Forum: Boards
- Topic: RIL turns damp squib; infra stocks show promise
- Replies: 0
- Views: 1747
RIL turns damp squib; infra stocks show promise
In his analysis of the day's trading, SP Tulsian of sptulsian.com tells CNBC-TV18 that RIL 's announcement of its target to produce 60 mmscmd gas over three-to-four years sent a wave of disappointment in the market which is desperate for specific goals that could be achieved in a shorter timeline. T...
- Thu Jul 26, 2012 3:53 am
- Forum: Boards
- Topic: HSBC roots for rate cut; StanChart sees no change to growth
- Replies: 0
- Views: 1702
HSBC roots for rate cut; StanChart sees no change to growth
Ahead of the Reserve Bank of India’s (RBI) quarterly monetary policy review, investors and market analysts are wondering which way the pendulum will swing on July 31. The RBI is grappling as it tries to increase its foreign capital inflows and build up its reserves that have fallen substantially in ...
- Thu Jul 26, 2012 3:34 am
- Forum: Boards
- Topic: Draghi: Euro Area Much Stronger Than People Acknowledge Toda
- Replies: 0
- Views: 1596
Draghi: Euro Area Much Stronger Than People Acknowledge Toda
Progress has been extraordinary in last six months (yep, definitely been on the happy sauce) Last summit was real success because leaders said only way out of crisis is more Europe We think euro is irreversible Within our mandate ECB ready to do whatever it takes to preserve the euro “Sharing nation...
- Tue Jul 24, 2012 4:07 am
- Forum: Boards
- Topic: SBI-A Bank Of NPAs
- Replies: 0
- Views: 1623
SBI-A Bank Of NPAs
Slippages: Large upgrades helped NPL trends during F4Q12. In F2013, it expects slippage run-rate of Rs40-45bn per quarter. This implies a net new NPL creation of ~Rs60bn for the year (after building in Rs30bn of upgrade/recovery, etc., a quarter). •NIMs: Likely to decline to 3.6-3.7% from 3.85% in F...
- Tue Jul 24, 2012 4:00 am
- Forum: Boards
- Topic: Quotes from Tony Saliba
- Replies: 0
- Views: 1773
Quotes from Tony Saliba
Always respect the marketplace. Never take anything for granted. Do your homework. Recap the day. Figure out what you did right and what you did wrong. That is one part of the homework; the other part is projective. What do I want to happen tomorrow? What happens if the opposite occurs? What happens...
- Tue Jul 24, 2012 3:52 am
- Forum: Boards
- Topic: Fed Chairman Bernanke Speaks AT 6.15 IMP DATA
- Replies: 0
- Views: 1607
Fed Chairman Bernanke Speaks AT 6.15 IMP DATA
Fed Chairman Bernanke Speaks AT 6.15 IMP DATA
- Tue Jul 24, 2012 3:45 am
- Forum: Boards
- Topic: EPIC UPDATE: EUROZONE GOV’T DEBT RISES TO 88.2% BY END OF Q1
- Replies: 0
- Views: 1604
EPIC UPDATE: EUROZONE GOV’T DEBT RISES TO 88.2% BY END OF Q1
The eurozone’s government debt rose to 88.2 percent of its gross domestic product (GDP) by the end of the first quarter this year from 87.3 percent at the end of the fourth quarter last year, the statistics office of the European Union (EU) said Monday. In the 27-nation EU, the ratio at the end of t...
- Tue Jul 24, 2012 3:40 am
- Forum: Boards
- Topic: EPIC UPDATE: BANKS-FUDGING BOOKS
- Replies: 0
- Views: 1741
EPIC UPDATE: BANKS-FUDGING BOOKS
When an economy or industry is in trouble, it makes sense for lenders to show a bit of forbearance. In practice this means debt restructuring, which has a clear benefit for banks: they can present a picture of themselves more healthy than reality. The regulator will implicitly endorse this de facto ...
- Tue Jul 24, 2012 3:34 am
- Forum: Boards
- Topic: EPIC UPDATE: TRADING STRATEGY FOR 24TH JULY ’12.THE LEVEL OF
- Replies: 0
- Views: 1805
EPIC UPDATE: TRADING STRATEGY FOR 24TH JULY ’12.THE LEVEL OF
-Any trading plan is better than no plan. Commit to writing a simple plan which is easy for you to follow. Modify it only during times when you are not trading. It should be something that helps you make decisions under pressure and take away from the irrational “heat of the moment” scenarios which ...
- Mon Jul 23, 2012 4:28 am
- Forum: Boards
- Topic: The Euro Is Ready To Collapse
- Replies: 0
- Views: 1768
The Euro Is Ready To Collapse
Make no mistake: Although the headlines have cooled off a bit, the real problems have NOT been solved at all. In fact … Currency Expert Jack Crooks Says the Euro Is Doomed! According to Jack, it all boils down to one major factor: Germany. Whether the euro survives or perishes depends on whether Ger...
- Mon Jul 23, 2012 4:17 am
- Forum: Boards
- Topic: EPIC UPDATE: STOCKS IN NEWS
- Replies: 0
- Views: 1741
EPIC UPDATE: STOCKS IN NEWS
Here are stocks that are in news today: Results Today: L&T, HUL, Idea, Cairn India, Dabur India, Colgate, SJVN, Indian Bank, Tata Global, Coromandel International, Torrent Pharma, Rallis India, TV18 Broadcast, Network 18, Geometric, JK Paper, Greenply Industries, Hinduja Foundries, Sterling Holidays...
- Mon Jul 23, 2012 4:07 am
- Forum: Boards
- Topic: EPIC UPDATE: A VERY BIG WEEK FOR EARNINGS
- Replies: 0
- Views: 1554
EPIC UPDATE: A VERY BIG WEEK FOR EARNINGS
This is a big week for stocks, many important companies reporting earnings and giving guidance. A great big list of reporters, along with the days, is below (via the New York Times): CORPORATE EARNINGS Companies reporting results will include Halliburton, Hasbro, McDonald’s and Texas Instruments (Mo...
- Mon Jul 23, 2012 4:02 am
- Forum: Boards
- Topic: EPIC UPDATE: BANK NIFTY
- Replies: 0
- Views: 1594
EPIC UPDATE: BANK NIFTY
-On Friday ,We had written 10601 will take to 10561-10548 level Just see it CRASHED upto 10483 & closed at 10509 Last Week our Mantra was Sell Sell Sell :Bank Nifty ,Bank Stocks.As expected SBI ,KOTAK ,PNB +Many of PSU Bank Stocks are in Freefall mode !! Last Close :10509 Just have a eye on 10412 le...
- Mon Jul 23, 2012 3:51 am
- Forum: Boards
- Topic: EPIC UPDATE: TRADING STRATEGY FOR 23RD JULY ’12.
- Replies: 0
- Views: 1532
EPIC UPDATE: TRADING STRATEGY FOR 23RD JULY ’12.
1. Boredom and a need to trade for the “buzz” Try to use dead time between trades for things like self improvement training i.e. read a book by your favorite personal development guru or learn to meditate/practice Yoga! Anything that keeps you in the right frame of mind for the job of trading. A pos...
- Mon Jul 23, 2012 3:36 am
- Forum: Boards
- Topic: EPIC UPDATE: KEY EVENTS IN THE COMING WEEK
- Replies: 0
- Views: 1590
EPIC UPDATE: KEY EVENTS IN THE COMING WEEK
Monday, July 23 Singapore CPI (Jun): Consensus expects a rise of 5.2% yoy, we expect a print of 5.3% from the previous print of 5.0% yoy. Taiwan Industrial Production (Jun): Consensus expectations at 0.91% yoy growth, from a decline of 0.21% in May. Tuesday, July 24 China HSBC Flash PMI (Jul A): The...
- Fri Jul 20, 2012 3:16 am
- Forum: Boards
- Topic: JSW Energy Q1 net dips to Rs 3.41 cr on forex loss
- Replies: 0
- Views: 1781
JSW Energy Q1 net dips to Rs 3.41 cr on forex loss
JSW Energy posted a sharp decline in its June quarter profits to Rs 3.41 crore as against Rs 225.32 crore, year-on-year.as it incurred a forex loss of Rs 232 crore. However, the company’s sales grew 76% to Rs 2155.6 crore on the back of highest quarterly net generation of 4,731 million units, growth...
- Fri Jul 20, 2012 3:09 am
- Forum: Boards
- Topic: MCX SILVERM Nov contract slips
- Replies: 0
- Views: 1611
MCX SILVERM Nov contract slips
SILVERM prices on MCX slipped today. At 16:16 hrs MCX SILVERM August contract was trading at Rs 52595.00 down Rs 109.00, or 0.21%. The SILVERM rate touched an intraday high of Rs 52752.00 and an intraday low of Rs 52550.00. So far 22799 contracts have been traded. SILVERM prices have moved down Rs 9...
- Fri Jul 20, 2012 3:03 am
- Forum: Boards
- Topic: RBI panel seeks tighter norms for loan recast
- Replies: 0
- Views: 1750
RBI panel seeks tighter norms for loan recast
Higher loan-loss provisions by banks and greater "sacrifice" by founders or controlling shareholders of troubled companies are among the tighter norms for loan restructuring recommended by a panel appointed by the Reserve Bank of India (RBI). Banks should set aside 5% of total assets for standard lo...
- Fri Jul 20, 2012 2:57 am
- Forum: Boards
- Topic: Maruti considers moving part production to Gurgaon
- Replies: 0
- Views: 1732
Maruti considers moving part production to Gurgaon
Labour unrest at Maruti Suzuki ’s Manesar plant has led to a shut down of operations for the past few days, hurting the company’s production of diesel cars. So as to ensure that production is not hampered further, the management is considering to shift part of their production, probably the Swift an...
- Fri Jul 20, 2012 2:44 am
- Forum: Boards
- Topic: Sensex ends lower; banks, capital goods, realty down 1%
- Replies: 0
- Views: 1641
Sensex ends lower; banks, capital goods, realty down 1%
The Indian equities closed on a weak note. Banks, capital goods, power remained the major laggards on the bourses. Banking stocks tumbled further after a Reserve Bank of India committee recommended tightening regulations on loan restructuring, including setting aside higher provisions. Refinery majo...
- Fri Jul 20, 2012 2:23 am
- Forum: Boards
- Topic: Gold edges higher, physical demand still weak
- Replies: 0
- Views: 1689
Gold edges higher, physical demand still weak
Indian gold edged higher on Friday, helped by global markets and a weaker rupee, with physical traders eager to book deals ahead of the festivals months. * At 2:43 pm, the most-active gold for August delivery on the Multi Commodity Exchange (MCX) was 0.26% up at Rs 29,234 per 10 grams. * Overseas go...
- Thu Jul 19, 2012 4:06 am
- Forum: Boards
- Topic: Monsoon rains 22% below average in past week
- Replies: 0
- Views: 1700
Monsoon rains 22% below average in past week
India's monsoon rains retreated to below average levels in the past week, the weather office said on Thursday, after scraping above average the previous week for the first time in this rainy season, keeping overall rainfall under par. Monsoon rains were 22% below average in the week to July 18 again...
- Thu Jul 19, 2012 3:49 am
- Forum: Boards
- Topic: Tulsian picks Zee News, SKS Microfinance, BHEL and L&T
- Replies: 0
- Views: 1617
Tulsian picks Zee News, SKS Microfinance, BHEL and L&T
SP Tulsian, sptulsian.com, says that he is not impressed with the results of Dish TV though the markets have given thumbs up to the results. However, he has a buy call on Zee and expects profit booking to come in for Dish TV. On SKS Microfinance, he has a positive view on the stock and expects the s...
- Thu Jul 19, 2012 3:30 am
- Forum: Boards
- Topic: Board to be set up for one-time nod to oil and gas projects
- Replies: 0
- Views: 1554
Board to be set up for one-time nod to oil and gas projects
Realising the dampening impact on investments due to problems on account of regulatory nod, the government has decided to set up a high-level board to ensure speedy "one-time" clearances to oil and natural gas projects, 70 of which have been affected so far. The Project Clearance Board, to be headed...
- Thu Jul 19, 2012 3:25 am
- Forum: Boards
- Topic: Indian economy to grow at slowest pace in 10 years
- Replies: 0
- Views: 1629
Indian economy to grow at slowest pace in 10 years
India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday. Even as growth falters, the rupee has been hitting all-time lows a...
- Thu Jul 19, 2012 3:07 am
- Forum: Boards
- Topic: Hero Motocorp Q1 net up 10% to Rs 615 cr, stock down
- Replies: 0
- Views: 1603
Hero Motocorp Q1 net up 10% to Rs 615 cr, stock down
Country's largest two-wheeler manufacturer Hero Motocorp 's net profit rose lower than expected by 10.25% year-on-year to Rs 615 crore in the first quarter of FY13. Net sales during the quarter too increased less than expected by 9.23% YoY to Rs 6,208 crore in the quarter ended June 2012. Analysts o...
- Thu Jul 19, 2012 3:00 am
- Forum: Boards
- Topic: Maruti unrest victim identified as GM
- Replies: 0
- Views: 1604
Maruti unrest victim identified as GM
The victim of the clashes at Maruti's Manesar plant has been identified as the General Manager (HR), Avnish Kumar Dev. Dev was killed in a fire and 85 others were injured in a scuffle at Maruti's Manesar plant on Wednesday. As the unrest continued on Thursday, the police arrested nearly 100 workers....
- Thu Jul 19, 2012 2:49 am
- Forum: Boards
- Topic: Higher gold prices trigger selling; summer demand tepid
- Replies: 0
- Views: 1457
Higher gold prices trigger selling; summer demand tepid
Selling in Asia's physical gold market could pick up as prices advance towards USD 1,580 an ounce, but trading is likely to remain dull as long as there is no clear direction for prices during the summer lull. Spot gold dropped to below USD 1,567 in the previous session, and prompted some purchases,...
- Thu Jul 19, 2012 2:39 am
- Forum: Boards
- Topic: Spain fears send euro lower, earnings lift European stocks
- Replies: 0
- Views: 1706
Spain fears send euro lower, earnings lift European stocks
A sharp rise in Spain's borrowing costs on Thursday sent the single currency lower as fears rose that a full sovereign bailout was inevitable, but European shares hit 11-weeks highs as second-quarter company results lifted sentiment. Despite all the efforts by Madrid to cut its budget deficit and ta...
- Wed Jul 18, 2012 3:13 am
- Forum: Boards
- Topic: EPIC UPDATE: US MARKETS
- Replies: 0
- Views: 1645
EPIC UPDATE: US MARKETS
The US markets ended higher in choppy trading, wiping out the previous session’s declines on the back of better-than-expected earnings reports and as investors remain hopeful that the Central Bank may still be open to further easing. Dow Jones Industrial Average was up 0.62% or 78.33 points at 12805...
- Wed Jul 18, 2012 2:55 am
- Forum: Boards
- Topic: EPIC UPDATE: INDIAN ADRS
- Replies: 0
- Views: 1603
EPIC UPDATE: INDIAN ADRS
Indian ADRs ended mixed on Wednesday. In the IT space, Patni was up 1.02% at USD 18.73, Wipro was up 0.62% at USD 8.17 and Infosys was down 0.31% at USD 39.21. In the Banking space, HDFC Bank was up 0.38% at USD 34.23 and ICICI Bank was down 0.06% at USD 33.84. In the Telecom space, MTNL was up 2.82...
- Wed Jul 18, 2012 2:46 am
- Forum: Boards
- Topic: EPIC UPDATE: STOCKS IN NEWS
- Replies: 0
- Views: 1588
EPIC UPDATE: STOCKS IN NEWS
Here are stocks that are in news today: Results Today: Bajaj Auto, Bajaj Holdings, Crisil, Honeywell Automation, Infotech Enterprises, Ingersoll Rand, Kirloskar Brothers, Sanwaria Agro, Automotive Axles, Foseco, Shalimar Paints, Supreme Petroleum Bajaj Finserv Q1FY13 consolidated YoY -Net profit at ...
- Wed Jul 18, 2012 2:36 am
- Forum: Boards
- Topic: EPIC UPDATE: SENSEX & NIFTY
- Replies: 0
- Views: 1583
EPIC UPDATE: SENSEX & NIFTY
The BSE Sensex and NSE Nifty opened on a flat note due to lack of domestic cues. ONGC and Coal India topped the buying list, rising 1.5-2% whereas Tata Motors and Hero Motocorp were top losers among largecaps. The BSE benchmark rose 17 points to 17,122.44 and the NSE benchmark was up 3.35 points at ...
- Wed Jul 18, 2012 2:26 am
- Forum: Boards
- Topic: EPIC UPDATE: INTRADAY CALLS
- Replies: 0
- Views: 1710
EPIC UPDATE: INTRADAY CALLS
EPIC OPTION: BUY SBI 2200 PUT AT 50 TGS 60/70 SL 40 (9993959693)WWW.EPICRESEARCH.CO EPIC CASH: BUY LUPIN ABOVE 572.50 TGS 578.50/584.50 SL 566.50 (9993959693)WWW.EPICRESEARCH.CO EPIC CASH:SELL A2Z MAINT. BELOW 95 TGS 94.30/93.40/92.40 SL 97 (9993959693) WWW.EPICRESEARCH.CO EPIC FUTURE: SELL CENTURY ...
- Tue Jul 17, 2012 3:29 am
- Forum: Boards
- Topic: EPIC UPDATE: ASIAN MARKETS
- Replies: 0
- Views: 2247
EPIC UPDATE: ASIAN MARKETS
At 7: 40 am (IST), Asian markets were trading higher. China’s Shanghai Composite was up 0.16% or 3.47 points at 2,151.43. Hong Kong’s Hang Seng rose 1.49% or 285.72 points at 19,407.06. Japan’s Nikkei added 0.44% or 38.76 points at 8,762.88. Singapore’s Straits Times gained 0.69% or 20.66 points at ...
- Tue Jul 17, 2012 3:22 am
- Forum: Boards
- Topic: EPIC UPDATE: WALL STREET
- Replies: 0
- Views: 2245
EPIC UPDATE: WALL STREET
US stocks shed the sour tone that plagued equities all week on Friday, with a rally that broke a six-day losing streak. Major indexes surged more than 1%, lifted by Chinese growth figures that eased concerns about a slowdown and earnings from JPMorgan Chase & Co that assuaged fears about the long-te...
- Tue Jul 17, 2012 3:16 am
- Forum: Boards
- Topic: EPIC UPDATE: INDIAN ADRS
- Replies: 0
- Views: 1763
EPIC UPDATE: INDIAN ADRS
Indian ADRs ended lower on Tuesday. In the IT space, Infosys was down 2.19% at USD 39.33, Wipro was down 0.49% at USD 8.12 and Patni was up 0.22% at USD 18.54. In the Banking space, HDFC Bank was down 0.73% at USD 34.1 and ICICI Bank was up 0.09% at USD 33.86. In the Telecom space, Tata Communicatio...
- Tue Jul 17, 2012 3:08 am
- Forum: Boards
- Topic: EPIC UPDATE: MARKET CUES
- Replies: 0
- Views: 1465
EPIC UPDATE: MARKET CUES
FIIs net buy USD 68 million in cash market on July 13 NSE F&O turnover rose to Rs 1.08 lakh crore to Rs 98929 crore In the cash market, the S&P CNX Nifty lost 30 points or 0.57% to settle at 5,197.25, its lowest closing level since 28 June 2012 As per provisional data of July 16, FIIs were net buyer...
- Tue Jul 17, 2012 2:56 am
- Forum: Boards
- Topic: EPIC UPDATE: STOCKS IN NEWS
- Replies: 0
- Views: 1447
EPIC UPDATE: STOCKS IN NEWS
Here are stocks that are in news today: Results Today: Axis Bank, Bajaj Finserv, Triveni Turbines, Oriental Hotel, GIC Housing Finance, Bajaj Finance, Hercules Hoist Re-listing Today - Ybrant Digital (Formerly known as LGS Global) Exide Industries Q1FY13 YoY -Net Profit at Rs 152 crore versus Rs 163...
- Tue Jul 17, 2012 2:50 am
- Forum: Boards
- Topic: EPIC UPDATE: NIFTY FUTURES
- Replies: 0
- Views: 1483
EPIC UPDATE: NIFTY FUTURES
Nifty Futures open interest saw a increase of around 1.79% and Nifty Futures saw a decrease of around 0.64%: Indicating Short build up in Nifty. India VIX saw a increase of around 2.79%: Indicating negativenes for the market. The PCR for Nifty based on open interest saw a decrease and stands a...
- Tue Jul 17, 2012 2:31 am
- Forum: Boards
- Topic: EPIC UPDATE: ASIAN STOCK
- Replies: 0
- Views: 1213
EPIC UPDATE: ASIAN STOCK
Asian shares paused on Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke’s view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.
- Mon Jul 16, 2012 2:47 am
- Forum: Boards
- Topic: EPIC UPDATE: RUPEE
- Replies: 0
- Views: 1555
EPIC UPDATE: RUPEE
The rupee gained 42 paise to 55.52 against the US dollar in early trade today at the Interbank Foreign Exchange market as the American currency weakened against Asian currencies overseas. Besides, a higher opening in the local equity market and selling of dollar by exporters also supported the rupee...