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Raghuram Rajan calls on DEA Secy, discusses macro issues Raghuram Rajan calls on DEA Secy, discusses macro issues This is the first meeting of Das as a DEA Secretary with the RBI governor. Das, who was earlier Revenue Secretary, had assumed charge of the Economic Affairs Department on August 31.
Sensex up 118 points in early trade on bargain hunting Sensex up 118 points in early trade on bargain hunting The 30-share barometer recaptured the 25,000-level by rising 118.37 points or 0.47 per cent to 25,012.18 with realty, banking, metal, PSU and power sector stocks leading the recovery.
Rupee recovers 8 paise at 66.74 against US dollar Rupee recovers 8 paise at 66.74 against US dollar The rupee had plunged by 36 paise to settle at two-year low of 66.82 against the American currency yesterday on persistent dollar demand from banks and importers due to sustained foreign capital outflows.
Is Modi euphoria over? Markets decline to level last seen when BJP leader won  Is Modi euphoria over? Markets decline to level last seen when BJP leader won  The BSE sensitive index closed at 24,983, down 308.09 or 1.22 percent from the previous close. The Nifty saw a fall of 1.26 percent or 96.25 points at 7,558.80.
Draft base rate guidelines credit negative for banks: Moody's Draft base rate guidelines credit negative for banks: Moody's International rating agency Moody's Monday said the Reserve Bank's draft guidelines for base rate computation are credit negative for banks as they will reduce their loan-pricing flexibility.
LIC Housing Finance to raise up to Rs 47,000 crore LIC Housing Finance to raise up to Rs 47,000 crore LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.
LIC taking advantage of market fall, buying stocks: Chairman LIC taking advantage of market fall, buying stocks: Chairman The recent fall in stock markets is a good buying opportunity for long-term investors, and LIC has been been buying stocks, said its Chairman S K Roy Monday.
Rupee must fall more to save exports, prevent China dumping: SBI Rupee must fall more to save exports, prevent China dumping: SBI As the rupee touched a new 2-year low, State Bank chairperson Arundhati Bhattacharya today said it must fall further to help domestic exporters.
Rupee tumbles to fresh 2-year low of 66.82 against US dollar Rupee tumbles to fresh 2-year low of 66.82 against US dollar The rupee plunged by 36 paise to close at 2-year low of 66.82 against the American currency today on persistent dollar demand from banks and importers due to sustained foreign capital outflows amidst sharp fall in equity markets.
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