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Indian rupee snaps 2-day gains against dollar, drops 21 paise The Indian rupee today snapped its two-day gains against the dollar in late morning deals by losing 21 paise to 61.67 on fresh demand for the American currency from banks and importers. The Indian currency resumed lower at 61.50 per dollar as against the…

Onion prices expected to fall in the next 2-3 weeks: Sharad Pawar NEW DELHI: Government today asserted the onion shortage was only “temporary” and prices are expected to fall in the next 2-3 weeks as production of the kitchen staple is unlikely to drop despite damages due to excessive rains. “Onion shortage is a… View Post

Wealth trend in India: 10 facts Over the past 13 years, India has witnessed a strong growth in wealth. Every year, global investment banks, like the Swiss banking conglomerate Credit Suisse, put out an estimate of the world’s ric...

Weigh the downside too while booking profits, say experts It is a crucial question that vexes even the most seasoned investors. Should one sell investments when it has made a certain percentage of profit, say, 25%? The launch of Union KBC Trigger Fund — S...

Raghuram Rajan's RBI gears up to launch interest rate futures India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank. These interest rate futures would help…

Rupee falls on TV report RBI mulling ending oil swap windows After the Indian rupee got impacted following unconfirmed reports that the Reserve Bank is considering withdrawing the special dollar swap window opened for oil companies, the reserve Bank of India (RBI) on Friday clarified that it is not considering any… View Post

For shagun: Jewellers to lift ban on gold coins Jewellers have decided to lift a self-imposed ban and sell gold coins in the Diwali season. “Gold coins are not bought for investment but are rather seen as shagun and given as gifts. So we have ...

Siddharth Shankar Quote on IIP DATED 11TH OCTOBER 2013 The numbers are in expected lines and it shows the state of the Indian economy. Going forward it may improve if inflation is bought under control. About SINIA GLOBAL: Sinia Globa...

US default means Lehman redux, rupee will hit 68: BofA-ML What if the US finally defaults? Not a base case, thankfully, for BofA-ML, but the brokerage says this could lead to a Lehman-type global collapse and the Indian rupee could then again test 68 agai...

Sebi to probe Jignesh Shah’s Financial Technologies, study other regulators’ findings Even as the government investigates the payments crisis on the National Spot Exchange (NSEL) and the Forward Markets Commission (FMC) assesses whether the exchange’s promoters should be stripped of the “fit and proper” tag, the Jignesh… View Post

Food prices soar as August inflation rises to 6.1% NEW DELHI: Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week. The inflation was at 5.79 per cent in…

IIP Numbers | Siddharth Shankar, Advisor to KASSA Finance quotes on IIP Numbers | September 12, 2013 Siddharth Shankar, Advisor to KASSA Finance quotes on IIP Numbers in an interview with CNBC Awaaz on September 12, 2013. He says,"I think the IIP Numbers hav...