Rupee ends at near seven-month low
Posted on 30th September 2014 |
.jpg) |
| The rupee ended at near a seven-month low due to increase in US economic growth which fuelled concerns that the US Fed may start raising interest rates sooner. The rupee ended at 61.53 to a dollar, compared with its previous close of 61.16. The rupee had ended at 61.76 on March 5. The US economy expanded at a 4.6 per cent annualised rate in the second quarter, the fastest since 2011, official data showed September 26 after the close of Indian markets. “The US data is largely expected to be strong and investors have factored in the possibility of the Fed raising interest rates next year,” said Ashtosh Raina, head of foreign-exchange trading at HDFC Bank “The rupee is likely to keep to the 60-62 per dollar range unless something drastic were to happen.” The rupee had opened at 61.33 and during intra-day trades it touched a high of 61.59 and a low of 61.32 to a dollar. According to currency dealers there is also caution ahead of the Reserve Bank of India (RBI)’s bi-monthly monetary policy review to be detailed on Tuesday. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for Rupee ends at near seven-month low |
|
|
|
