Rupee recovers drastically; Sensex up, but crisis likely

THE ECONOMIC TIMES Thu, Aug 29, 2013 | 06:12 PM IST Daily Newsletter

Rupee ends at 66.55/$, posts biggest single-day gain in 15-1/2 yrs The partially convertible rupee closed at 66.55/56 per dollar, up 3.46 percent on the day, its biggest single-day ris... Country faced with difficult economic situation: PM "There are several causes (for the economic woes). I do not deny some domestic factors too are responsible," PM said.... Yasin Bhatkal, founder of Indian Mujahideen, arrested Yasin, one of India's most wanted terrorists, was picked up by security agencies from the Indo-Nepal border after bei... Is Murphy’s Law at play on D-Street, asks BofA-ML BofA-ML’s base case for the Sensex is that it will be range-bound between 18,500 to 20,500 levels. Rupee movement is ...

FEATURED STORIES Another Asian crisis to hit in 12-18 months, no way FM can stop it FM P Chidambaram wants people to invest, but the coming recession will induce every corporate to postpone investment,... read more Car buyers mull option of used vehicles »  How Casio plans to take on Apple, Samsung »

Popular Stories FM Chidambaram blames Pranab Mukherjee for the dire state of the economy Another Asian financial crisis to hit in next 12-18 months, there's no way FM can stop it now Why India is facing problems today India can't do much about rupee fall: Jim O'Neill

Rupee is quite undervalued; government should stop fretting over CAD... Mark Mobius ,Investor,Franklin Templeton Investments

Latest Updates Worried about rupee fall? Here are some stocks you can bet on BofA-ML is of the view that traders can look to offload positions in stocks like HUL, Adani Power, and NTPC.... Is more upside left in Sesa Goa after 50% rally in one month? Sesa Goa has been on a tear in a bearish market. According to analysts, there is more upside left in the stock after ... Food Security Bill ill-timed, says Bimal Jalan Bimal Jalan today said the programme is ill-timed and will further aggravate the economic situation by increasing fis... UID project expenditure at Rs 3,062 cr as of July end Unique Identification (UID) project has incurred an expenditure of Rs 3,062 crore as of July end , Parliament was inf...

Market Watch 29 Aug | 06:12PM SENSEX 18401.04 â†' 404.89 NIFTY 5409.05 â†' 124.05 USD/INR 67.14 â†" -1.67 GOLD (Rs/10g.) 33265.00 â†" -140.00

MARKET NEWS Sensex ends 405 points up; Nifty closes above 5,400 Gains in 30-share bluechip index were led by RIL, HDFC, ITC & TCS that jumped in 2-6% range as investors chased share... Why top-4 global brokerages are turning positive on India’s IT sector? Amid global uncertainty & sharp fall in rupee, analysts at Jefferies, CLSA, BofA & HSBC have upgraded their outlook o...

Gainers Losers 29 Aug, 2013, 06:12PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Bheema Cements Ltd. 8.40 20.00 10 8.40 8.40 Super Spinning Mills Ltd. 4.80 20.00 17449 4.80 4.80 PG Electroplast Ltd. 102.40 19.98 2115 102.40 80.10

FEATURED SLIDESHOW Four quick solutions for the rupee crisis Toyota launches Camry Hybrid at Rs 29.75 lakh What should be your strategy to counter rupee's slide As interest rates rise, NCDs could be the right choice more slideshows

FROM THE NEWSPAPER 1991 vs 2013: Sonia-Singh duo fails, Narasimha Rao won 22 yrs ago Bipartisanship or cohesion among our political classes made the difference in '91- as opposed to now, with India star... Mid-level managers feeling 'trapped', struggling with prolonged economic slump In the last two years middle managers across India Inc have gone from a position of privilege to one of peril. It’s n... Silver lining in a darkening sky: Wipro, Tech Mah and HCL Tech earn highest returns As Re gets battered daily, the earnings of export oriented firms with zero or relatively low foreign debt appear to b... Ashok Vemuri, Infosys board member, quits for iGate NRN Murthy, who made a comeback to the under-performing Infosys as its chairman, described Vemuri as an "important pl... Govt building a bunker for Syria attack; readies a 4-point plan for fuel The options - changing the fuel pricing/subsidy regime again - are politically risky but absolutely necessary, say oi...

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