Search Results for: rupee

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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
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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
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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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Smriti Irani highlights Congress economic deficiencies

Ahmedabad, Mar 30 (ANI): BJP leader Smriti Irani attacked the Congress- led UPA government for spoiling the economic status of the country in the last 10 years. Irani stated that post Congress leadership the country is left to face some of the biggest economic challenges including rupee depreciation, policy paralysis and subsidy amounts. She further said that Congress Government itself had accepted in the Parliament that a major portion of their projects have been stagnated due to policy paralysis. Mar 30, 2014
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Sensex hits fresh all time high, Nifty crosses 6600

New Delhi, March 26 (ANI): Both Sensex and Nifty on Wednesday crossed their all time high. The Sensex opened higher at 22,134.71 and rose further to an all-time high of 22,172.10 before quoting at 22,154.79 showing a gain of 99.58 points from its last close. Meanwhile, Nifty crossed a high of 6600. Talking about the development, Market Analyst Akash Jindal predicted that after Diwali it may cross 25000. Jindal also said that economy is looking better with dollar below the rupee now. He also suggested the investors to not hurry in their investments and wait for some more time as the economy is going to boost further. Mar 26, 2014
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Modi accuses Congress of giving false hope of welfare measures to women

New Delhi, March 09 (ANI): BJP’s Prime Ministerial candidate Narendra Modi, accused the ruling Congress government of not spending even a single rupee till now on the welfare of women out of the Nirbhaya fund set up after the death of the 23-year- old Delhi gang rape victim. Taking a dig at the central government led by the Congress, Modi said that the government was only allocating funds and misguiding the people of this country. Mar 9, 2014
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Toyota Slashes Vehicle Prices in India

Toyota Kirloskar Motor (TKM), the manufacturer of the India's favourite Innova, is the latest carmaker to announce a price cut in India, to woo the auto lovers' in the country. The price cut comes in the wake of the latest excise duty reduction announced in the interim budget 2014-15. Mar 4, 2014
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