Tags » Indian Rupee

Strike hits Indian banks, but treasury functions normal | Reuters

A nation-wide bank strike in India hit the public transactions like cheque clearances and cash deposits, but the vital treasury operations including a 150 billion rupee ($2.24 billion) government bond… 206 more words


Rupee under pressure on Rexit effect

20/06/2016 12:50

The Indian rupee nosedived nearly 1 per cent in early trade on Monday in a knee-jerk reaction to Raghuram Rajan’s abrupt decision to step down as the RBI governor following the end of his term in September. 132 more words


Swamy on Rajan: More sound, less light - Punarvasu Parekh

Rajan cannot be accused of incompetence, carelessness or cussedness. While the credit for taming inflation must go to the crash in international commodity prices and global slowdown, Rajan has stabilized the rupee, made monetary policy transparent and predictable, took many initiatives in the financial sector and placed the system on a sound footing. 1,230 more words


Rupee is likely to trade sideways

According to Angel Broking,rupee is likely to trade sideways owing to weak trend in the Asian markets that will govern the trend of the Indian Rupee weakness in the DX will provide some support to the domestic currency… 195 more words

Stock Market

Apple’s new iPhone SE costs 36% more in India

”Apple Inc.’s new iPhone SE goes on sale in India on Friday, and it’s not cheap,” Sean McLain reports for The Wall Street Journal.

“The company announced its cheapest-ever iPhone at its California headquarters last month, saying the four-inch device would go on sale for $399 in the U.S. 201 more words



The S&P BSE Sensex is trading at 25,414 up 144 points, while NSE Nifty is trading at 7,756 up 43 points.

The BSE Mid-cap Index is trading up 0.44% at 10,689, whereas BSE Small-cap Index is trading up 0.62% at 10,706. 87 more words