Banking

Edelweiss to raise up to Rs 500 cr via debentures

Edelweiss.jpg ECL Finance Ltd (ECLF), the NBFC arm of Edelweiss Financial Services Limited, on Thursday said that it will raise up to Rs 500 crore through an offer of debentures. “The issue opens on January 16, 201......read more
Indian rupee

Indian rupee trims initial losses, still down by 10 paise against US dollar

Indian rupee.jpg The Indian rupee trimmed its initial losses against the US dollar but was still quoted down by 10 paise to 62.17 on mild demand for the American currency from banks and importers due to higher greenba......read more
Indian rupee

2014 will not be any easier than 2013 for Indian rupee against US dollar, says HSBC

Rupee vs dollar.jpg 2014 is likely to be "no easier" than 2013 for most Asian currencies including the Indian rupee and they will be exposed to periods of higher volatility against major currencies like the US dollar, an......read more
Indian rupee

Indian rupee trims its initial gains vs dollar, still up by 3 paise

Indian rupee vs US Dollar.jpg The Indian rupee trimmed its initial gains and was still quoted up by three paise to 62.27 per dollar as banks and exporters sold the US currency. The Indian rupee resumed higher at 62.20 per dollar a......read more
Bitcoin

Forget Bitcoin, here comes India's very own virtual currency Laxmicoin, ball in govt court

Bitcoin.jpg Laxmicoin, modelled as an Indian version of world's top virtual currency Bitcoin, has sought clarifications from regulatory authorities before its launch that has already been delayed. There are alr......read more
Indian rupee

Indian rupee drops 11 paise to 62.42 against US dollar

Indian rupee.jpg The Indian rupee dropped 11 paise to 62.42 against the dollar today on demand for the US currency from banks and importers amid subdued local stocks. The Indian rupee resumed lower at 62.40 per dollar......read more
RBI

Banks borrowed 11.95 bn Indian rupees via MSF on Jan 3: RBI

RBI.jpg Indian banks borrowed 11.95 billion rupees ($192.1 million) from the central bank's marginal standing facility (MSF) window on Jan. 3, higher than the 3.85 billion rupees borrowed on Jan. 2. The Rese......read more
Indian rupee

Indian rupee trims initial losses against US dollar, still down 22 paise

Indian rupee.jpg In line with the equity market, the Indianrupee trimmed initial losses and was still quoted 22 paise lower at 62.38 per US dollar on demand for the US currency from banks and importers. The Indian rup......read more

Indian rupee off 1-month lows on suspected Reserve Bank intervention

Money rupee.jpg The Indian rupee gained on Friday, rebounding from a one-month low hit earlier in the session, after the central bank was suspected of having intervened to prevent a bout of risk aversion hitting Asia......read more
Indian rupee

Indian rupee down 15 paise against dollar in morning trade

Indian rupee.jpg Extending its losses for the third straight day, the rupee fell by another 15 paise to 62.41 a dollar in early trade today on the Interbank Foreign Exchange market as the US currency strengthened over......read more
Indian rupee

Indian rupee falls 36 paise to 62.26 against US dollar, hits one-month low

Indian rupee.jpg In step with local stocks, the Indian rupee surrendered initial gains and declined 36 paise to a one-month low of 62.26 against the US dollar today amid demand from importers as the US currency streng......read more

Indian rupee falls to 2-week low at 62.26 against dollar on weak shares

Money rupee.jpg The Indian rupee fell to a two-week low on Thursday, posting a second consecutive decline, hurt by the biggest falls in stocks in six weeks and dollar demand from a large corporate. The weak start to ......read more
Indian rupee

Indian rupee recovers by 9 paise to 61.81 vs US dollar

Indian rupee.jpg In line with equity market, the Indian rupee recovered by nine paise to 61.81 against the American currency in the late morning trade on fresh selling of dollars by banks and exporters on expectation ......read more
Indian rupee

Indian rupee drops 16 paise against US dollar

Indian rupee.jpg The Indian rupee dropped 16 paise to 61.96 against the US dollar in late morning trade on good dollar demand from banks and importers. The Indian rupee resumed lower at 61.83 per dollar as against the......read more