For those who rejoiced after a marginal pull back in the rupee, here's a reality check: extreme volatility is back to haunt the markets, with the rupee plunging below 67 again and shares falling 400 points.<br /><br />
Overseas investors, who have been net buyers of Indian shares so far in 2013, have sold the same in each of last 3 months weighed by a record low rupee, persisting worries on fiscal deficit and a policy flip-flop amid a slowing economy.<br /><br />
The next year will be an economic roller-coaster, and hence needs an investing strategy that looks both at the short-term and the post-election phase.
The government's paranoia about gold is now turning into madness.
The rupee will touch 70 but will bounce back since it is undervalued at 65-70 levels, Nilesh Sathe, CEO, LIC Nomura Mutual Fund to Firstpost in an interview.
The Indian stock markets are likely to be in a consolidation mode now with a positive bias after last week's extreme volatility.
In 2012-13, firms garnered nearly Rs 16,000 crore through issuance of shares to institutional investors against Rs 2,163 crore garnered through QIPs in the previous fiscal.
A breakout past the swing high at 5,765 is required to indicate that a meaningful bottom is in place at Wednesday's low of 5,118.<br /><br />
A good investment option at good rates given the volatility. Invest if you have exhausted your EPF and PPF options.
This facility is after a minimum lock-in period of three years from the date of issue, RBI said in a statement. <br /><br />
Prices of gold today fell and closed at Rs 31,700 per ten grams and silver at Rs 54,000 per kg in the national capital today.
The genesis lies in the bifurcation of income into Expenses, Debt Servicing and Investment to attain future goals
Corporate bond issuances have sharply declined post the central bank's measures since mid-July to curb volatility in the forex market by making rupee funds expensive, driving firms to bank loans.<br /><br />
Thankfully the only thing your bank won't impose charges for is if you talk to a customer service agent to block your cards, in case of loss or theft.<br /><br />
According to the Reserve Bank of India, the maximum number of complaints which the banking ombudsman receives each year is debit/credit card-related complaints
Commerce Minister Anand Sharma today said he never advocated selling or pledging country's gold stock to tide over forex problems
At the current market price, LIC would have paid Rs 49.15 crore for acquiring additional stake in the bank.
Gold forms an essential part of a bride's dowry in India and is considered auspicious as a gift or offering at religious festivals.
India has 557.7 tonnes of gold in its reserves, making it the eleventh biggest holder, according to the World Gold Council.
You should know that you do have an option to change your asset allocation, if you want to. All you need to do is use the switch option provided by the insurer, and move your funds within the options your fund provides, various proportions of and equity - fully equity, fully debt or a combination of both.
The Reserve Bank of India will introduce 1 billion plastic currency notes (notes with plastic substrate) in Jaipur, Bhubaneswar, Kochi, Shimla and Mysore.
"There have been lapses at NSEL but we will fix those. We will honour all our commitments," NSEL Director Jignesh Shah told reporters here today.
The rupee slumped to a record low near Rs 68.8 to the dollar on Wednesday.
The 10-year bond yield rose to 9.04 percent in intra-day trades today before closing at 8.96 percent. <br /><br />
The National Spot Exchange (NSEL) could gather only Rs 80 lakh today from its members and clients against the third scheduled payout of Rs 174.72 crore which is due on 4 September.