Search Results for: rupee

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Argentine Peso collapse will not affect rupee: Economic Affairs Secretary

New Delhi, Jan 27 (ANI): India's economic affairs secretary, Arvind Mayaram, said on Monday in New Delhi that the falling value of the Argentine Peso was not casting any influence over the Indian rupee's movement, pertaining to strong economic fundamentals of the country. While talking to media persons in New Delhi, Mayaram said that the rupee has been the best since October, as far as emerging markets are concerned and that they were not overtly concerned about the currency. Jan 27, 2014
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More data needed to be confident on economic pick-up: Raghuram Rajan

Kolkata, Dec 12 (ANI): RBI chief, Raghuram Rajan has stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the rupee's fall is yet to kick in. Rajan stated this while addressing the ‘5th National Conference on Leadership’ in Kolkata. Rajan added that the rupee has stabilised "somewhat", but said there is no room for complacency. He also called on the government to continue its efforts to contain the fiscal deficit and said raising subsidised diesel prices to market levels would help. Dec 12, 2013
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Nissan India to Raise Car Prices from January

Japanese car maker Nissan on Tuesday said it will hike the price of its vehicles by up to four percent in India, in a bid to counter the impact of the rupee depreciation. The hike will be effective from January 2014. Dec 10, 2013
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Sensex up by 360 points, BJP's Assembly poll results responsible: Expert

Mumbai, Dec 09 (ANI): The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high in effect to the BJP, who swiped all 3 Assembly polls and leaving positive expectations in Delhi too, said Market Expert Sunil Shah. Shah said that BJP, symbolized by Narendra Modi represents development and supports investment and progress which has caused such impact on the market trends. He also said that if it continues, NDA will form government in the upcoming general elections. Dec 9, 2013
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Rupee, Sensex surge as BJP leads in exit polls

Mumbai/: New Delhi/ Jammu, Dec 05 (ANI): The rupee rose to a five-week high against the dollar and stocks jumped around 1.5 percent to near record highs on Thursday as exit polls predicted a strong showing for BJP during recent state polls. Market analysts in commercial capital of Mumbai said that Sensex surged to a record-high as investors foresaw a possible change of government even at the federal level. Dec 5, 2013
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RBI Chief relies on dipping trade gap to comfort market worries

Mumbai, Nov 14 (ANI): Reserve Bank of India (RBI) governor, Raghuram Rajan, highlighted the narrowing current account deficit as he sought to reassure investors who are worried that the country would be hit hard in a global market sell-off. Rajan said that it was important for Reserve Bank of India (RBI) to clarify the interpretation of economic events and the likely direction of economic policies at times of uncertainty so that markets worry about right things. Seeking to comfort the investors, Rajan said that there has been a dramatic reduction in the country's trade gap as per the fresh datas. Rajan also sought to reassure investors worried about the rupee's stability after the RBI has allowed oil companies to source dollars directly in markets instead of a special window provided by the central bank. Nov 14, 2013
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RBI Hikes Repo Rate by 25 bps; Lowers MSF

The Reserve Bank of India on Tuesday hiked its repo rate by 0.25 percent to 7.75 percent. This is the second time the central bank raised its interest rates in the past two months. Oct 29, 2013
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