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Global crude oil price increases marginally to $ 105.91 per bbl

International crude oil price of Indian basket went up to 105.91 dollars per barrel (bbl) on April 14, according to official statement here today.In rupee terms, the price of Indian basket increased to Rs 6,383.20 per bbl yesterday as compared to Rs 6,338.60 per bbl on April 11.Rupee-dollar exchange rate remained unchanged at Rs 60.27 per dollar yesterday as compared to...
Source : Newkerala |
Category : Business | City : New Delhi

$A losing ground to surging Kiwi

dollar has shed almost two cents against the New Zealand dollar over the past day, after new inflation data from the dairy powerhouse showed that consumer prices shot up in the fourth quarter of last year.The Australian dollar, which squeezed up higher against the New Zealand dollar yesterday, reaching NZ107.06¢, fell to NZ105.74¢ this morning. The Australian-New Zealand dollar cross rate is at eight-year...
Source : Sydney Morning Herald |
Category : Business

Indian rupee closes at 65.25 per US dollar

Rupee closed at 65.2 against US dollar today, compared to yesterday's close...
Source : Yahoo Finance |
Category : Personal Finance

Dena Bank revises interest rates on FCNR term deposit

India’s trusted family bank, has revised the rate of interest on FCNR (B)/RFC term deposit with effective from September1, 2013. For FCNR (B) deposits of 2 years to less than 3 years, in US Dollar terms, the revised interest rates are 2.57% as compared to 2.48% in August 2013.For FCNR (B) deposits of 3 years to less than 4 years, in US Dollar terms, the revised interest rates are 4.95% as compared...
Source : Indiainfoline |
Category : Business | City : Mumbai

Argentina to Ease FX Controls After Peso Devaluation

board of an exchange house in Buenos Aires displays the rate of 7.35 ArgentineThe board of an exchange house in Buenos Aires displays the rate of 7.35 Argentine pesos to one dollar, on Jan. 23. The tumble in the peso yesterday was the biggest since 2002, when Argentina abandoned a one-to-one peg with the dollar after a record $95 billion default.The board of an exchange house in Buenos Aires displays...
Source : Bloomberg |
Category : International

Sterling soars after Bank rips up 'forward guidance' on interest rates

Sterling soars against dollar and euro after Bank of England rips up 'forward guidance' on interest ratesSterling soared against the dollar and the euro yesterday after the Bank of England ripped up its ‘forward guidance’ on interest rates.Governor Mark Carney had promised not to consider raising rates until unemployment fell to 7 per cent – something he did not expect until late 2016 when the policy...
Source : dailymail |
Category : Business

Cloud market in India estimated to grow to $550mn in 2014

Cloud market in India is reportedly set for a growth rate of 29.8 percent this year, according to a new survey.Research firm Gartner has estimated that the public cloud services market in India would reach to a total 550 million dollars from estimated 2013 revenue of 423 million dollars.According to Enterprise Innovation, Gartner predicted that from 2013 through 2017, 4 billion dollars would be spent...
Source : News Track India |
Category : Science N Technology | City : Washington

Current Business Stories

rupee trimmed its initial gains against the US currency, but was still quoted higher by 120 paise to 67.60 per dollar in the late morning trade on selling of dollars by banks and exporters in view of steps taken by Reserve bank of India WednesdayThe battered rupee recovered after the Reserve Bank of India (RBI) yesterday said it has started a facility to meet the daily dollar requirement of the country's...
Source : Newstodaynet |
Category : Business

Cloud market in India estimated to grow to $550mn in 2014

Cloud market in India is reportedly set for a growth rate of 29.8 percent this year, according to a new survey.Research firm Gartner has estimated that the public cloud services market in India would reach to a total 550 million dollars from estimated 2013 revenue of 423 million dollars.According to Enterprise Innovation, Gartner predicted that from 2013 through 2017, 4 billion dollars would be spent...
Source : Newkerala |
Category : NRI | City : Washington

Don't read too much into S&P warning: Raghuram Rajan

Playing down the warning of a sovereign rating downgrade, new Reserve Bank of India governor Raghuram Rajan today said the recent statement from the global rating agency Standard & Poor's nearly reiterated its long-standing claims.S&P had said yesterday that there was one-third possibility of a rating downgrade of India."As far as I understand, S&P nearly reiterated what has been its long-standing...
Source : Ndtv |
Category : Others | City : Mumbai