Search Results for: Kotak Securities

A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai

Rupee Records Decline; Hits Month Low at 60 per Dollar

Indian rupee slumped by 6 paise at 59.82 a dollar at early trade on Monday, against closing value of 59.76 per dollar on Friday at Interbank Foreign Exchange Market due to demand for dollars from oil exporters. Jun 16, 2014
An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Falls Flat due to Forthcoming CPI and IIP Release

Rupee declined at early trade on Wednesday at 59.32 per dollar against previous day's closing value of 59.29 a dollar. The fall can be attributed to increased demand for American currency at Interbank Foreign Exchange market and absence of major inflows. Jun 11, 2014
fm-banks-meet-uday-kotak-stresses-on-mutual-fund-rather-than-gold-and-property-investment

FM-Banks Meet: Uday Kotak stresses on mutual fund rather than gold and property investment

New Delhi, June 10 (ANI): Vice-Chairman and Managing Director of a leading private bank, Kotak Mahindra, Uday Kotak said on Tuesday that there needs to be a significant boost for India s financial savers and it is important to move people away from property and gold investments to mutual funds. Banking Secretary GS Sandhu said the government is examining all suggestions put forth by the banking institution heads. Chairman and Managing Director of Central Bank of India, Rajeev Rishi, said the discussions were mostly on funding for bank infrastructures and capitalisation and infrared ink issue was discussed in detail. Jun 10, 2014
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