Search Results for: depreciating rupee

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

Top 10 Travel Destinations in World 2014: Brazil, Denmark, USA and Others [PHOTOS]

Here are the top 10 travel destinations for the year of 2014

Nov 9, 2013

rima-kallingal-with-aashiq-abu-facebook-rima-kallingal

Rima Kallingal Marries '22 Female Kottayam' Director Aashiq Abu

Malayalam actress Rima Kallingal entered into wedlock with director Aashiq Abu in Kerala on Friday (1 November)

Nov 2, 2013

raghuram-rajan-addresses-a-news-conference-at-the-banks-headquarters-in-mumbai-reuters

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

Nokia Lumia 1520 vs. Samsung Galaxy Note 3: Specification Comparison

Samsung recently released the company's flagship 5.7-inch Android device Galaxy Note 3; it garnered lot of appreciation for its features, but with the entry of Nokia's new super phone, phablet enthusiasts will have a new refreshing Windows Phone OS powered Lumia 1520 to look forward later in the year.

Oct 23, 2013

Modi pulls up Chidambaram over weak rupee, asks 'why Tamil people sent him to Delhi'

Chennai, Oct 19 (ANI): Gujarat Chief Minister and Bharatiya Janata Party's (BJP) prime ministerial candidate Narendra Modi accused the Congress-led UPA Government of failure in boosting the ailing economy. Addressing a function at the auditorium of Madras University in Chennai he posed a question as to why Tamilians had elected and sent Union Finance Minister P Chidambaram to Delhi. He also targeted Union Foreign Minister, Salman Khurshid by ridiculing the manner in which the issue of incursions by Chinese troops was handled. He had arrived in the city for a launch of a book, written by economist-turned journalist and former central minister Arun Shourie.

Oct 19, 2013

IFC Launches $1 Billion Bond Program for India Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has launched a $1 billion offshore bond program to strengthen India's capital markets and attract greater foreign investment in a time of renewed economic uncertainty across the world.

Oct 10, 2013

India's trade gap comes down sharply, bright spot for economy

New Delhi, Oct 09 (ANI): India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's gaping current account deficit, which sent the rupee to record lows in recent months. India's trade deficit narrowed to $6.7 billion last month, compared with $10.9 billion in August and the lowest since March 2011, the trade ministry said.

Oct 9, 2013

Indian fabric sales to double in next three years says Exports Council

Coimbatore, Oct 05 (ANI): Indian fabrics sales to double in the next three years as the Bangladesh fabric industry was hit after a fire broke out in an apparel industrial complex killing 377 knitwear workers earlier in April this year. The Indian government is also taking all effective steps to make sure there is a surge in the textile exports by implementing different schemes and benefits for the workers working in the garment industry. The reasons for buyers to get attracted towards India are raw material strength and due to the rupee depreciation India has now been identified as a new market by both Japan and Australia.

Oct 5, 2013

Weak rupee injects booster dose to Indias medical tourism

New Delhi, Oct 02 (ANI): A weak rupee coupled with a range of quality healthcare options focussed on providing hassle free healing experience to the foreign patients is driving a boom in India's medical tourism industry. The study conducted by the Associated Chambers of Commerce and Industry (ASSOCHAM) said the fall in the rupee has made medical treatment cheaper for foreign patients by nearly 25-30 percent and has also led to a spur in the number of foreign patients arriving in India over the past six months. The overseas patients come to India for complex surgeries involving the chest, the intestines, and transplantation of organs or replacement of the joints.

Oct 2, 2013

Consumers hail petrol price cut

Consumers on Tuesday welcomed the cut announced in petrol prices by the Indian Oil Corporation Limited (IOC), the first reduction in rates in over five months but anticipate further hike in fuel prices in the coming days. IOC, the country's biggest refiner, said on Monday (September 30) it would cut petrol prices by 4.8 percent following an appreciation of the rupee and softening global in gasoline prices during the second half of September. IOC however raised diesel prices by 1.1 percent to reduce its revenue losses as Indian refiners sell the fuel at state-set low prices. The consumers lauded the reduction in the petrol price but expressed their fear of a hike in future, while accusing the government of whimsical fuel pricing.

Oct 1, 2013

Tourism sector of country to capitalise on Rupee fall

New Delhi/ Mumbai/ Goa/Kerala/ Agra, Sep 28 (ANI): The fall in rupee has made it cheaper to travel across India and the country's tourism is reaping the benefits with a surge in the number of foreign tourist arrivals as well as an increase in the number of Indians who are opting for the beaches of Goa over cruises on the Nile. The number of foreign tourists arriving in India between January and June witnessed a rise, but the big push is expected during the holiday season that gets underway from September-October, the tourism ministry says.

Sep 28, 2013

Nokia Lumia 1020 vs. Samsung Galaxy S4 Zoom: How Do They Stack up?

Photography enthusiasts who are looking forward to the release of Lumia 1020 can check out Samsung Galaxy S4 Zoom to decide on a camera smartphone which boasts of better Interface, processor, RAM, battery and build quality for longer use.

Sep 27, 2013

Economy on ICU, Rupee on ventilator and Dollar on escalator: Rajnath Singh

Chennai, Sep 27 (ANI): Slamming the Congress party, BJP President Rajnath Singh on Friday said that due to the wrong policies of the UPA government, the economy is on ICU, Rupee is on ventilator and Dollar is on escalator proving fatal for the country. Further, Singh said that UPA government is clueless as to how to pull the country out of this crisis. He also slammed the party for its inability to safeguard the fishermen of the country and for being influenced under US pressure for diluting the nuclear liability bill.