Uptrend in INDIA equities is running out of steam. Chart pattern suggests correction in the coming months if the index breaks down the 200-day exponential moving average at 27,300 levels. 136 more words
Tags » Indian Rupee
MUMBAI: The rupee fell by six paise at 62.32 against the dollar in ahead of schedule exchange on Wednesday at the Interbank Foreign Exchange because of valuation for the US cash abroad. 49 more words
Indians, culturally, tend to have stronger family ties. Hence we see expatriates sending money frequently to their families back home. No wonder, India has been the highest receiver of remittances in the world in 2013 according to World Bank reports. 256 more words
The Indian markets corrected ~1.2% over the week, as falling crude oil prices and concerns over Greek’s exit from Euro sparked tremors across the globe. The Indian markets fell ~3% on Tuesday (6th Jan), and partly recouped the losses in the next two trading days. 242 more words
- India’s external debt rose to USD 456 billion at the end of Sep’2014; Up USD 7 billion QoQ.
- Forex reserves, as a percentage of total external debt, decreased to 69% from 70% in Jun’2014. 42 more words