Sensex ends belowe 26,800 on domestic concerns.
Shah also mocked the Congress vice-president for "going to a bank in a Rs-4 crore car to exchange Rs 4,000".
Even as rupee fell below 56-level against dollar intra-day, Chief Economic Adviser in the Finance Ministry Raghuram Rajan said, there is no need to panic, and RBI takes decisions on whether to intervene in forex markets or not to stabilise the local currency.
Key was not to be left behind and quipped that he is thankful to Modi for not raising his country's poor performance in the series so far. New Zealand were whitewashed 0-3 in the Test series and are trailing in the ongoing five-match ODI series as well.
According to Subbarao, the lower your reserves dip, the more vulnerable you become.
RBI is scheduled to announce the monetary policy for the current financial year on May 3 during which it will take a call on interest rates keeping in view the inflation and other macro-economic parameters like growth rate, industrial production etc.
Fresh dollar demand from importers and some banks on the back of smart rise in the US dollar ahead of RBI monetary policy meeting on Tuesday also weighed on the rupee, said forex dealers.
India and Mauritius on Tuesday signed three memorandums of understanding during the three-day State visit of President Pranab Mukherjee. One MoU was on persons with disabilities and senior citizens, another on cooperation in the field of health and medicine, and the third was on cooperation in the field of tourism.
'Trade cannot take place when there is no trust.'
Your asset allocation strategy should take into account the goals you want to reach with your funds, your investment horizon and your age
12 images that show the odd, odd world we live in.
By sharing the infrastructure with others, telecom companies can drive down their costs, reduce investments and, in the process, improve their bottom line.
Switzerland will be able to provide banking and other details sought by other countries, including India, from next month about a 'group of persons' even without their individual identification, provided the information has not been requested as part of some 'fishing expedition'.
The BSE Midcap and Smallcap indices have performed better than the front-liners
A deputy inspector general of the Border Security Force was killed in a powerful blast near Balad Ramgrah along the international border in Jammu region on Monday morning. Police sources said two guards who were accompanying the officer were critically wounded in the blast.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
The rupee had closed flat at 54.85 against the US dollar in Tuesday's trade amid RBI keeping key rates unchanged in the mid-quarter policy review.
At least three civilians and five suicide attackers were killed when a group of heavily armed Taliban fighters attempted to storm the airport in the northwestern city of Peshawar after firing five rockets, officials said. The militants, who were armed with assault rifles and were wearing suicide vests, tried to enter the Bacha Khan International Airport, but the attempt was foiled by Pakistani security forces.
With the Swiss government showing eagerness to help India trace suspected black money hoarders, banks based in Switzerland appear to be losing traction among the wealthy Indian clients and could not get much business commitments during the just-ended WEF summit.
Dealers said firm local equities amid sustained capital inflows limited the rupee's fall.
A white supremacist, who killed six Sikhs at a gurdwara in Wisconsin in August, had acted alone and there was no evidence that the attack was part of any ongoing threat to the community, the federal Bureau of Investigation has said, concluding its probe into the tragic incident.
Swiss National Bank shocked the currency markets on Thursday by abolishing their currency -- franc's three year-old cap of 1.20 per euro
The United States has forfeited properties worth US$ 2.1 million which were allegedly purchased with the proceeds of bribes paid to the family of former Taiwanese president, Chen Shui-bian.
When anonymous tweeter @Comfortablysmug tweeted 'Breaking: Confirmed flooding at NYSE (New York Stock Exchange) The trading floor is flooded under more than 3 feet of water,' it was picked up by the National Weather Service, the Weather Channel and CNN.
The rupee moved between 53.90 and 54.25 against the American currency in the morning deals.
Indian IT companies TCS, Infosys, Wipro and HCL Technologies have issued advisories to their employees working in US, whose East Coast is battered by a superstorm.
The rupee declined for fourth day in a row by losing 16 paise to Rs 52.88 per dollar in early trade today, weighed down by dollar's gains overseas.
The rupee declined for fourth day in a row by losing 16 paise to Rs 52.88 per dollar in early trade today, weighed down by dollar's gains overseas.
The ICE dollar index, which measures the dollar against a basket of six currencies, traded at 79.522 from 79.595 in the previous session.
Shares of Kingfisher Airlines fell for the seventh day in a row today plunging by nearly 5 per cent to hit the lower circuit limit on bourses.
The inflow of cheap capital has also kept the rupee at a high level, making exports uncompetitive and broadening the current account deficit despite falling oil prices.
An Indian Navy vessel and an Air Force aircraft carrying nearly 1,000 tons of fresh water reached Male on Sunday as India mounted a major effort to help the Maldivian capital that is reeling from an acute shortage of drinking water after its lone desalination plant caught fire.
US Special Envoy Marc Grossman met Pakistan Foreign Minister Hina Rabbani Khar on Friday and discussed the regional situation, especially the reconciliation process in Afghanistan that is crucial for the withdrawal of foreign troops from the war-torn country.
A new 7,800 km undersea data cable has opened to traffic in Asia linking Japan, Malaysia, Singapore and the Philippines which could aid in financial trade.
Black money can take the form of a high-end property in Southeast Asia, a cruise ship floating on the Mediterranean or blue-chip shares held via an offshore fund manager.
The army is working on providing a safe and seamless exchange of data between various formations involved in fighting a modern war.
The IOC's financial situation remains solid despite the global economic crisis, with reserves of $558 million and continuing increases in television and sponsorship revenues.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
In New York, the dollar index climbed to its highest level in about two years on Wednesday.
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