Rupee down 13 paise against dollar in early trade
The rupee weakened by 13 paise to 63.59 against the US dollar in early trade today, extending losses for the second day, due to appreciation of the American unit against other currencies overseas amid Greece’s crisis. Besides increased demand for the dollar from importers, a lower opening in... read more »
Asia markets mostly up but Shanghai tumbles again
Asian markets mostly recovered Tuesday from the previous day’s Greece-fuelled sell-off, but Shanghai sank again as analysts warned government measures to staunch a recent rout will likely not be enough. The euro held its ground after Greece’s weekend vote against creditors’... read more »
India is now the 3rd largest steel producer in the world
India has become the world’s third largest steel producer and is willing to produce 300 million tonnes in the next decade Union Steel & Mines Minister Narendra Singh Tomar said today. The country will replace USA at the 3rd spot. “So far India was the 4th largest steel producer in... read more »
Top 8 things to look out in the market today
The Nifty is likely to fall in early deals on Wednesday as weak cues from Asian markets, particularly Chinese stocks, hit sentiment on Dalal Street. Wall Street closed with modest gains as Crude Oil prices stabilized near 3-month lows. Nifty Futures, traded on the Singapore Exchange, point to a... read more »
