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Rupee plunges 32 paise at 66.73 against dollar Rupee plunges 32 paise at 66.73 against dollar Forex dealers said besides dollar strengthening against other currencies, fresh demand for the American unit from importers and a lower opening in the domestic equity market put pressure on the rupee.
Monetary policy committee under Monetary policy committee under "active" discussion: RBI deputy The RBI is holding "active" discussions with the government on the formation of a monetary policy committee that would decide interest rates, a deputy governor of the bank, S.S. Mundra, said on Wednesday.
Govt gives ex-post-facto nod to capital infusion in EXIM Bank Govt gives ex-post-facto nod to capital infusion in EXIM Bank The government on Wednesday gave its ex-post-facto approval to 800 crore capital infusion made in the Export Import Bank of India (EXIM Bank).
Rupee closes 14 paise higher at 66.41 against USD Rupee closes 14 paise higher at 66.41 against USD The rupee strengthened by 14 paise to close at 66.41 against the US dollar Wednesday on persistent selling pressure from banks and exporters amid hopes of resumption of foreign capital inflows in equity markets.
EPFO panel approves raising insurance cover to Rs 5.5 lakh EPFO panel approves raising insurance cover to Rs 5.5 lakh Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.
Sensex extends rally, jumps 402 points on upbeat global cues Sensex extends rally, jumps 402 points on upbeat global cues The 50-issue NSE Nifty reclaimed the 7,800-point mark by surging 130.35 points or 1.70 percent to close at 7,818.60.
Cabinet allows 100% FDI under automatic route for white label ATMs Cabinet allows 100% FDI under automatic route for white label ATMs The Cabinet on Wednesday permitted 100 percent foreign direct investment (FDI) under the automatic route for white label ATM operations, a move that is aimed at promoting financial inclusion.
Sensex zooms over 400 points, Nifty above 7,800 on upbeat global cues Sensex zooms over 400 points, Nifty above 7,800 on upbeat global cues On similar lines, the NSE Nifty, reclaimed the 7,800-mark by soaring 125.80 points or 1.64 per cent to 7,814.05.
Rupee strengthens 24 paise at 66.31 against US dollar Rupee strengthens 24 paise at 66.31 against US dollar Dealers said apart from increased selling of the US currency by exporters and banks, weakening of dollar overseas also supported the domestic currency.
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