This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Gold prices on Wednesday jumped to all-time high of Rs 30,420 per 10 grams in the bullion market here on the back of soaring demand ahead of the wedding season amid firming trends in global markets.
On Thursday, the local unit had ended higher by 42 paise at 54.94, its highest closing since May 18 against the dollar on sustained FII inflows.
According to a new report published by Switzerland-based BIS, which is also referred as 'bank for central banks', the US Federal Reserve's announcement of a possible phasing out of easy money regime has resulted in 'abrupt and sizeable' equity market losses in both advanced and emerging markets.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
Indian Grandmaster Viswanathan Anand found himself in trouble before eking out a hard-fought draw against Boris Gelfand of Israel in a hotly-contested third round game of the World Chess Championship in Moscow on Monday.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.
A day after Maoists' mediators announced that abducted Sukma Collector Alex Paul Menon will be released within 48 hours, the Chhattisgarh government said it was hopeful that the ten-day hostage crisis will come to an end today and the IAS officer would be freed by Wednesday. The breakthrough to ensure the safe return of the 32-year-old collector, who was abducted on April 21, came in the form of an agreement between the two mediators of the Chattisgarh government.
Just three years ago, at the end of March 2011, NRI deposits were only $52 billion, half of what they are today.
Pakistan, which has propped up the new Taliban leadership, would be keen to use its influence over the group to neutralise India's presence in the region.
India on Tuesday welcomed the United States announcement of a bounty of $ 10 million on Pakistan-based Jamaat-ud-Dawa chief Hafiz Saeed, the mastermind of the 26/11 Mumbai attacks, saying it sends a strong signal to Lashker-e-Tayyiba and its patrons.
Private-equity funds made an average annual return of just 7 per cent between January 2007 and December 2013 while the Sensex was up 11 per cent.
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The minister also promised more policy decisions in the coming days saying 'reforms is a work in progress'.
The United States on Friday slammed as "highly provocative" North Korea's plan to launch a long-range rocket next month to put a satellite into orbit, in violation of its international obligations.
The MEA insists that as far as the government is concerned the hostages are alive. But the families have grown tired of these assurances. They are clueless and so it seems is the government. Rashme Sehgal reports.
President Trump has condemned the shooting incident.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Swaraj said there is scope to do a lot more and this would be an important element of their deliberations.
Greek Finance Minister Yanis Varoufakis announced his resignation on Monday, a day after Greeks delivered a resounding 'No' to the conditions of a rescue package.
'The Indian and Israeli rabbis were singing a small departure song for brave little Moshe, who had spent many, likely, heartbreaking but bittersweet hours at this home of his babyhood, looking at the drawings his mother had made for him, that were still up in his room.'
Thirty-eight militants, including a top commander of Pakistani Taliban, were killed on Wednesday in air strikes and clashes with troops in the volatile tribal belt of northwest Pakistan.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
In the post Jayalalithaa Tamil Nadu, Sasikala is the person to be watched in the coming days, weeks and months, writes R Ramasubramanian.
The information technology (IT) sector in India made the most out of the falling exchange rate of rupee in the last five months of the calendar year 2011, according to a report by CARE Ratings. Other industries that were net gainers in foreign exchange include textiles, two wheelers and commercial vehicles.
'It is highly doubtful that the Trump administration will consider inserting itself into the volatile India-Pakistan dispute.'
World champion Viswanathan Anand was held to a draw by Russian Peter Svidler, but rose joint-second place after the eighth and penultimate round of Alekhine Memorial Chess tournament in St. Petersburg, Russia.
World Champion Viswanathan Anand played out another draw, signing peace with Magnus Carlsen of Norway in the eighth and penultimate round of London Chess Classic.
In a move that may cause unease in India, China on Monday announced that it will set up its first military base abroad in the Indian Ocean island of Seychelles to "seek supplies and recuperate" facilities for its Navy.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
World champion Viswanathan Anand played out a draw with former challenger Vladimir Kramnik of Russia in the seventh round of London Chess Classics.
As the United States combats a slowdown and Europe confronts a period of slower growth, economies on the Pacific Rim will need to do more to stimulate demand at home, US Treasury Secretary Timothy Geithner said on Thursday.
The Pampore attack in Jammu and Kashmir "appeared to be" the handiwork of Lashkar-e-Tayiba terror outfit, Central Reserve Police Force Director General Prakash Mishra said.
As per the survey conducted by Swiss Bankers Association, protection of financial privacy remains important for people in the country with 86 per cent of respondents believing that the financial details of bank clients must be protected from third parties.
Ukraine fears weighed on sentiment, with Russia rejecting a peace proposal amidst civil war-like situation in the former Soviet union republic.
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