Search Results for: depreciating rupee

An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Sees Best Week in Eight Months; Hits 11-month High

The rupee strengthened to its highest level in 11 months on Friday and posted its best weekly gain in eight months as the Bharatiya Janata Party and its allies headed towards an overwhelming majority in the country's elections, sending shares to record highs. May 17, 2014
A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months. May 17, 2014
Narendra Modi

Modi Wins Election by a Landslide

Opposition candidate Narendra Modi will be the next prime minister of India, with counting trends showing the pro-business Hindu nationalist and his party headed for the most resounding election victory the country has seen in thirty years. May 16, 2014
Voting agents from various political parties make notes as polling officials count votes at a counting centre in Allahabad

BJP-led Alliance Ahead in 324 Seats, BJP in 272 Seats

Results in the general election put opposition leader Narendra Modi on course for a landslide victory on Friday, handing him an unfettered mandate to launch his agenda to revive growth and create jobs. May 16, 2014
how-to-find-the-best-home-for-yourself

Sensex crosses 25,000-mark, up 4.64% in early trade

Mumbai, May 16 (ANI): The BSE Sensex on Friday touched a life high of 25,033.36 in trade while the Nifty hit a new record high of 7,459.40, as early vote counts in the general elections showed the BJP led NDA leading. The partially convertible rupee was trading at 58.80 per dollar by 9:39am after hitting as much as 58.71. With billions of dollars at stake the outcome of the high-octane elections are critical to decide on investment decisions. May 16, 2014
Narendra Modi

Vote Count puts Modi on Course for Resounding Win

Early counting of results in India's general election put opposition leader Narendra Modi on course for a resounding victory that would hand him a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
bjp-leaders-rejoice-over-thumping-majority-humbled-by-voters-generosity

RBI, finance ministry talk contingency plan for May 16

Shimla, May 16 (ANI): RBI Chief Raghuram Rajan has stated that it is prepared to deal with any excessive volatility from election results to be unveiled on Friday. The RBI will also be ready to deal with any volatility in the rupee, Rajan said this during a news briefing in Shimla after discussing the contingency plans with the finance ministry and the stock market regulator. On inflation, Rajan said food prices were still a concern. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
Narendra Modi

Modi on Course to be India's Next Leader, Exit Polls Show

Hindu nationalist Narendra Modi is set to become India's next prime minister, four major exit polls showed on Monday, with his opposition party and its allies forecast to sweep to a parliamentary majority in the world's biggest ever election. May 13, 2014
Sensex

Sensex Hits Record High Above 23,000; Surges 650 Points

The BSE Sensex and Nifty hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week, sending blue-chips such as ICICI Bank sharply higher. May 10, 2014
rahul-levelling-false-allegations-against-modi-bjp

Rahul levelling false allegations against Modi: BJP

New Delhi, April 15 (ANI): The BJP on Tuesday said Congress vice president Rahul Gandhi, is trying to malign BJP’s prime ministerial candidate Narendra Modi by levelling false allegations regarding allotment of land to industrialists. Rahul has accused Modi of selling land to infrastructure-builder Adani at rupee one per metre in Gujarat - the price of a toffee these days. The BJP asked Rahul Gandhi to check his facts as the land was given during Congress-supported government in 1996. BJP also raked up Gandhi’s brother-in-law, Robert Vadra’s improper deals with companies in real estate business. Apr 15, 2014
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