The Telegraph
Saturday , June 23 , 2012
Since 1st March, 1999

Rupee drops below 57

The rupee crashed to a new intra-day low of 57.30 to the dollar — losing almost 100 paise at one time from yesterday’s close of 56.31 — as oil refiners continued to slurp dollars amid falling crude prices and nervous global investors took comfort in the greenback to shield the...   | Read..

Words of comfort

The finance ministry today said the Reserve Bank and the government were taking steps to arrest the fall of the Indian currency....   | Read..

Apex bank tips for oil firms

The petroleum ministry plans to ask state-run oil firms to buy half of their dollar needs from a PSU bank in accordance with an RBI directive to reduce the volatility of ...   | Read..

Fuel supply breather for Coal India

The Prime Minister’s Office today scaled down the minimum quantity that Coal India has to supply to power firms to 65 per cent of the amount committed in the fuel p...   | Read..

Bid to ferry oil in Iran ships

India plans to allow Iran to ferry crude oil in Iranian ships after the European Union’s sanctions come into force from July, preventing domestic ships from bringin...   | Read..
Rupee drops below 57

 Press Releases

IKEA promises cash splash

Global furniture retailer IKEA plans to invest 1.5 billion euros (about Rs 10,500 crore) to set up 25 stores in the coun...   | Read..

Pranab to skip key meets

Finance minister Pranab Mukherjee is unlikely to chair any more meetings of the empowered group of ministers (eGoM) on t...   | Read..

Daimler to up capacity

Daimler India Commercial Vehicles — a wholly owned subsidiary of the world’s largest truck maker Daimler AG ...   | Read..



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