Gloom grips mkts; Re at 66.24, but gold hits Rs 33,000!

THE ECONOMIC TIMES Tue, Aug 27, 2013 | 06:45 PM IST Daily Newsletter

Rupee closes at all-time low of 66.24; gold shines at record high of Rs 33,700 For the rupee, it was the worst percentage fall in over a decade. The partially convertible rupee had closed at 64.30... India has serious economic problems, real estate a good buy: Jim Rogers "I bought some gold when price fell to levels of $1,200/oz," he said. "I am waiting for gold to cool-off before buyin... Sensex below 18K, rupee hits 66: Five reasons why markets cracked The fall in the market was led by massive selling witnessed in rate-sensitives, metals and FMCG stocks.... Government approves Rs 1.83 trillion infrastructure projects to boost confidence Finance minister P Chidambaram said the projects included 18 power plants and 18 in sectors like road, railways, petr...

FEATURED STORIES Four ways to think out of gloom-and-doom hypothesis Our economist-prime minister’s stock has fallen faster than those that make up the Sensex, which itself looks ready t... read more Perk that works: Employees list flexible work »  Though eligible, many decline to be US citizens »

Popular Stories 10 common legal myths busted At Infosys, Narayana Murthy overturns CEO Shibulal’s move to decentralise decision-making How to reduce rupee’s depreciation? Just get your calculations right AirAsia’s Mittu Chandilya to LinkedIn’s Nishant Rao, under-35s corner top jobs at India Inc

I have been bearish on gold for a long time. I am a little surprised that it has crossed $1400... Jamal Mecklai ,Mecklai Financial Services

Latest Updates IDFC shares down by 17% as FII holding limit fall Market value of the company has dropped by Rs 3,679 crore to Rs 12,001 crore in two successive trading sessions.... Expect gold to hit Rs 35,000 this week itself While the gold in US dollars terms is still way down from all-time high of $ 1,920 an ounce, the Indian markets have ... PM asks Moily to slash imports by $25 billion in 2013/14 Veerappa Moily said that PM has asked him to save $25 billion on oil imports in the current fiscal year, to help the ... Government to check prices of essential commodities The Price Monitoring Cell has been set up with the task of monitoring prices of select essential commodities....

Market Watch 27 Aug | 06:45PM SENSEX 17968.08 â†" -590.05 NIFTY 5287.45 â†" -189.05 USD/INR 60.64 â†" -0.32 GOLD (Rs/10g.) 33595.00 â†' 1719.00

MARKET NEWS CLSA sees rupee at 72/$ in FY15, blames RBI Asia-focused brokerage CLSA on Tuesday said that it expects the rupee to resume its depreciation after a temporary re... Bloodbath on Dalal Street: 192 stocks hit fresh 52-week low on BSE Benchmark indices plunged over 3 per cent each in the afternoon trade, led by heavy selling in rate-sensitives, metal...

Gainers Losers 27 Aug, 2013, 06:45PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Yantra Natural Resources Ltd. 0.06 20.00 1262176 0.06 0.05 Shimoga Technologies Ltd. 0.06 20.00 1 0.06 0.06 Dolat Investments Ltd. 1.35 17.39 1000 1.35 1.35

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FROM THE NEWSPAPER Air fares 25% cheaper, won't go up during Diwali, Christmas “Fares are at least 25% cheaper whichever way you compare it…month-on-month or year-onyear,” a senior executive at In... Eye on 2014 elections, Delhi Wakf landgrab worries Sonia At the heart of the controversy are two plots of land, which a number of prominent Muslim clerics alleged have been e... Students going abroad to make do with a few dollars less With rupee’s rapid depreciation, coupled with RBI bringing down the amount of dollars one can take out of the country... Our self-flagellation partly to blame for India’s pain: Ramesh Jairam Ramesh has said the Indian economy is not alone in battling strong economic headwinds and all emerging markets... Visa restrictions: Time for Indian IT to reboot As US lawmakers bicker over immigration reform, delaying what could be costly and restrictive visa rules, Indian IT c...

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