by FP Staff Jul 6, 2012
#Economy #European Central Bank #Indian rupee #NewTracker
Mumbai: The Indian rupee was lower in opening trade on Friday, in line with the weak euro after markets were underwhelmed by the European Central Bank’s latest attempt to boost the region’s economy.
AFP. Local stocks are also likely to open lower tracking Asian cues.
During the market opening trade the rupee was at 55.49/51 as against its Thursday close of 54.94/95.
Local stocks are also likely to open lower tracking Asian cues, adding to the pressure on the local currency.
Reuters
Investors and IMF alike are urging the European Central Bank to take bold decisions and cut rates and resume bond purchases to support the flailing economy.
#ECB #Eurozone crisis #IMF #NewsTracker
Foreign investors are perhaps waiting for more decisive action, which is unlikely this month due to the looming Presidential election.
#MarketOpen #nifty #Rupee #Sensex
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The average IPL fan isn’t outraged by the spot-fixing scandal. It merely confirms what we already suspected about the junk food of sports.
Not burdened by the baggage of caste or dogma, Sonia Gandhi has the opportunity and capacity to make a real difference to Indian society.
If the three can’t thrash out an out of court settlement, the sexual harassment case is likely to result in long litigation in the full glare of the media.
Preity Zinta embodies a lot of what is wrong with the IPL – irresponsibility and compromising the dignity of cricket as a sport.
Given the huge legal, moral and ethical stakes, Srinvasan and Meiyappan should have voluntarily clarified their position and should have offered to face an investigation.
For Muslims in Britain, there comes one thing after another to get defensive about, and at quite short intervals. The Muslim community will be cornered into paying a price for the brutality of these two killers.
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This is the second time the IT industry veteran has been involved in a sex scandal.
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India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
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Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.
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After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
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We’re tracking the Google I/O conference 2013 live – what will be unveiled?
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The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
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