June 20, 2013 15:40 (IST)
The BSE Sensex fell more than 2 per cent on Thursday, the biggest daily percentage fall in 21 months, as blue chips such as Reliance Industries slumped after the U.S. Federal Reserve signalled a tapering of its monetary stimulus, stoking fears of portfolio outflows.
Mumbai | June 20, 2013 15:36 (IST)
India, the world's biggest buyer of gold, will levy 0.01 per cent commodities transaction tax on futures contracts of non-agricultural commodities like precious metals, base metals, oil and gas, from July 1.
June 20, 2013 15:33 (IST)
Indian gold futures extended declines on Thursday afternoon by more than 4 percent to hit their lowest level in more than two weeks but in the domestic market a seasonally slack demand period outweighed the fall in price. Silver fell more than 5 per cent.
Mumbai | June 20, 2013 15:18 (IST)
The measure would also take pressure off the RBI to buy bonds through open market operations, which are inflationary.
New Delhi/Mumbai | June 20, 2013 15:02 (IST)
The rupee, the worst Asian performer on Thursday in a global market sell-off, was instead supported by the RBI, which stepped in to sell dollars after it slumped to a record low of 59.94 against the dollar, traders said.
June 20, 2013 14:48 (IST)
Indian markets are headed towards their biggest single-day percentage fall since February 27, 2012. The BSE Sensex tumbled over 500 points, while the 50-share Nifty benchmark slumped over 160 points and neared the key 5,650 mark.
June 20, 2013 14:29 (IST)
Sensex on way to biggest 1-day fall in 16 months
Mumbai | June 20, 2013 14:27 (IST)
The dollar debt has an average maturity of seven years and the earnings, being dollar linked, would serve as a natural hedge to reduce the risks associated with currency fluctuations, Essar Steel said.
New Delhi | June 20, 2013 14:08 (IST)
The government has hiked import duty on gold three times since 2012. This includes the recent to 8 per cent from 6 per cent to curb demand. Besides, the Reserve Bank of India (RBI) too has put restrictions on banks on importing gold.
New York | June 20, 2013 14:05 (IST)
For the third consecutive time, Hong Kong's Central business district had the highest overall occupancy cost, which includes local taxes and service charges.
June 20, 2013 13:52 (IST)
Sensex sinks 500 points on Bernanke's comments
New Delhi | June 20, 2013 13:15 (IST)
The Reserve Bank likely sold dollars via state-run banks after the rupee slid to a record low, Reuters said quoting several dealers.
Singapore | June 20, 2013 13:07 (IST)
A scale-back of the $85 billion monthly asset purchases is likely to weaken support for gold prices, already down about 20 per cent this year due to rapid outflows from exchange-traded funds and slowing demand in top consumers, India and China.
June 20, 2013 12:52 (IST)
The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.
Mumbai | June 20, 2013 12:33 (IST)
The 10-year benchmark 7.16 pct 2023 bond yield eased 3 basis points from the day's high to 7.33 per cent
Mumbai | June 20, 2013 12:18 (IST)
The firm was planning to raise up to Rs 1,000 crore through an issue of dual tranche bonds.
June 20, 2013 12:18 (IST)
The NSE said in a circular on Wednesday that trading in futures and options contracts of Sintex would not be available from August 30.
June 20, 2013 12:08 (IST)
Shares of large cap private banks fell as traders feared that high foreign holding in these stocks makes them more vulnerable, as a sell-off after the Federal Reserve heralded an eventual end to free money.
New Delhi | June 20, 2013 12:03 (IST)
According to a Finance Ministry official government has limited options to stall a record fall in the rupee.
June 20, 2013 11:51 (IST)
The rupee slumped to a record low on Thursday, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on foreign capital inflows to fund its current account deficit.