Depreciation

Rupee hits 64 again: Don't expect quick recovery, volatility will rule

The rupee will remain volatile for more time now. Unless the RBI drastically goes back on the earlier invoked liquidity tightening measures, or starts lowering interest rates, which again does not look probable presently. The rupee cannot recover sharply due to just positive sentiment.

Subbarao's parting shot to Chiddu: Don't blame RBI for rupee's worries

In his last public speech yesterday, Subbarao blamed the government for the rupee's worries, defended his interest rate defence and also hoped some day the finance minister will recognise the RBI's action were correct too.

Rupee hits 64: Five lessons from an avoidable man-made disaster

It is not going to be easy rescuing the rupee in the short-term, but the whole world can learn how not to deal with a currency crisis from our example

New Insurance Norm: Of car paint and auto insurance

There is no deduction for painting charges by insurer now. But with Irda's order by which car paint has been brought under the purview of depreciable parts, you will have to bear a part of the cost

Essar Energy posts 10 percent loss, misses forecasts

The company posted full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of $624.8 million.

Cement, IT and telecom to outperform in March quarter

Driven by an increase in prices and higher volumes, cement companies are expected to report an 18 percent growth and IT service providers a growth of around 25 percent due to an increase in offshore volumes and rupee depreciation.

Rupee breaks 52 mark: Exporters under pressure to offer discounts

The rupee, which has been Asia's worst-performing currency against greenback, has fallen by a whopping 15 percent since July this year and is presently hovering above Rs 51 a dollar.