RBI helps rupee, but spooks mkts & hurts growth forecasts

THE ECONOMIC TIMES Tue, Jul 16, 2013 | 05:05 PM IST Daily Newsletter

Surprise RBI move to shore up Re hits stock markets, bonds Sensex fell by over 183 pts pulled down by banking and financial sector stocks after RBI's steps to quell rupee's vol... Renault Nissan alliance to invest $2.5 bn over the next few years in India The heart of that investment is an entry into the ultra low cost cars with the CMFA platform to meet the specific dem... Has RBI risked India's growth in order to stabilise rupee? According to global investment banks, RBI's measures for tighter liquidity support could push interest rates higher, ... Rs 500 for cinema ticket, Rs 5 to hear a CM: Congress taunts Modi Congress took a dig at the BJP for its move to charge Rs 5 per ticket for attending Modi's public meeting in Hyderaba...

FEATURED STORIES Opinion: Move beyond puppies & burqas, polarisation helps Modi Controversies generated over every assertion of Modi could strengthen the impression that his rivals cannot otherwise... read more Why Vodafone CEO refuses to hang up on India »  Windows XP users cautioned against hacking attempts »

Popular Stories Nissan unveils Datsun 'Go' hatchback, to be priced below Rs 4 lakh Which Sensex stocks should you bet on? Niamat Kaur, the 91-year old, who successfully fought with McDonald's to reclaim her property Why Vodafone CEO Marten Pieters refuses to hang up on India

RBI's measures are intended to stabilise the currency. These steps should not be read as a prelude to policy rate cha... P Chidambaram ,Finance Minister,Govt of India

Latest Updates Vontobel's EM fund is five stock India bull in $9 bn fund A $9 billion emerging markets fund run by Vontobel Asset Management has a quarter of its money in a handful of Indian... Ashok Leyland shares plunge to 4 year low Shares of commercial vehicle maker Ashok Leyland plunged after it reported a net loss of Rs 141.75 crore for the quar... Economy unlikely to grow at 6.5% in FY14: Montek "It has been quite clear that the slowing down in the global economy, of all emerging markets, made it very unlikely ... LPG users get Rs 91 cr subsidy since DBT launch Oil Minister Veerappa Moily said the programme would help save Rs 8,000-9,000 crore of subsidy from going to unintend...

Market Watch 16 Jul | 05:05PM SENSEX 19851.23 â†" -183.25 NIFTY 5955.25 â†" -75.55 USD/INR 59.39 â†" -0.42 GOLD (Rs/10g.) 26539.00 â†' 101.00

MARKET NEWS Rupee likely to trade in 58-61/$ range in near term Following a slew of measures by the government and regulators, the rupee slide seems to have ceased after a 10% corre... Brokerages turn bearish on banks post RBI measures Morgan Stanley is of the view that in the backdrop of slowing growth and increasing uncertainty on asset quality, ban...

Gainers Losers 16 Jul, 2013, 05:05PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Neuland Laboratories Ltd. 191.85 19.98 76896 191.85 155.00 Kohinoor Foods Ltd. 55.25 19.98 58315 55.25 55.25 LGB Forge Ltd. 1.39 19.83 5 1.39 1.39

FEATURED SLIDESHOW Breakthrough solar & wind power projects in India Russia launches biggest military maneuvers since Soviet times Russian President goes sub-marine to explore shipwreck Now, cruise to a lighthouse in Mumbai more slideshows

FROM THE NEWSPAPER Home, auto loans to get costlier as RBI moves to stabilise rupee Home and auto loans will become expensive and further dampen sentiment in an economy where growth has fallen to a dec... Defence Ministry's new rule puts IT cos' deals worth $10 bn in peril The defence ministry memo prevented companies from counting research and design, software testing and training as par... Indian IT cos find cause for cheer as US Immigration Bill halts Had the Senate version been adopted by the House and made into law, it would have created rancour among immigrants wa... Bharti Walmart forces quitters to stay locked into bribery probe pact It is not clear whether Raj Jain, who suddenly left Bharti Walmart after seven years at the helm, has agreed to appea... Auto market will come back to positive territory in 2013: Carlos Ghosn We are trying to capture young people, people who are risers in life, buying the car for the first time. They are ver...

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