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Popular Articles

Economy to be back at 9% growth rate by 2011: S&P
The economy would get back to 9 per cent growth rate by 2011, says an article by the global rating agency Standard & Poor"s (S&P), an estimate higher than other agencies.

PPT aims to handle 100 mt cargo
TransCare Logistics India Private Ltd, part of the TransCare group of companies based in Germany, has forecast a traffic handling of 100 million tonne for Paradeep Port Trust (PPT) by 2016-17.

News of the day

Food inflation eases to 18.65%
Food inflation softened marginally to 18.65 per cent for the week ended December 12 though inflation rates for cereals and pulses, which constitute the essential consumption basket, continued to be in double digits.
International Business

Rupee at 46.44/$, down 33 paise

The Indian rupee today depreciated by 33 paise against the US currency in early trade on strong demand from importers for the dollar, which rebounded against other major currencies. - Re appreciates 28 paise at 46.01/$ - Govt not to hike oil prices despite surge in global rates - Rupee weakens by 4 paise in opening trade - Bajaj Auto: Back in the game - Re drops, reversing earlier gains - Jamal Mecklai: Rabbit in the headlights - again">Jamal Mecklai: Rabbit in the headlights - again At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted at 46.44 a dollar, the lowest level since October 12. The rupee had closed at 46.11/12 a dollar in the previous session. Dealers said increased demand from importers for the US currency mainly put pressure on the Indian rupee. The US currency bounced back from 14-month lows against major currencies which impacted adversely the rupee sentiment, they added.


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