Rupee skids, but market recovers

THE ECONOMIC TIMES Wed, Aug 28, 2013 | 06:32 PM IST Daily Newsletter

Rupee closes at 68.80, LIC saves the day for Sensex The rupee made a smart recovery to below 68 after dipping to a fresh all-time low of 68.75, but then closed the day a... India can't do much about rupee fall: Jim O'Neill "India needs to reduce its vulnerability," O'Neill said. "India's coalition politics hurting economic growth prospect... Ashok Vemuri, head of American operations at Infosys, resigns Sanjay Jalona, the regional head for manufacturing in NAmerica, will take over as global head of manufacturing, Infos... Gold jumps to all-time high of Rs 34,500 on weak rupee Gold prices zoomed to a record high of Rs 34,500 per ten gram with a biggest ever single day surge of Rs 2,500 in ope...

FEATURED STORIES Lost years of economic policy: Why India is where it is The fact is Pranab Mukherjee, who was finance minister in UPA-II till August 2012, left an economy fairly deeply in t... read more India beats China in the next EM crisis »  Road rocky for India; not a repeat of 1997 crisis: S&P »

Popular Stories FM Chidambaram blames Pranab Mukherjee for the dire state of the economy Cut-throat pricing: Indian airlines selling tickets at lowest price in last 2 years Why India is facing problems today India has serious economic problems, real estate a good buy: Jim Rogers

Most estimates of the fair value of the rupee will be between 59 and 60 levels... Sajjid Chinoy ,India Economist,JPMorgan

Latest Updates Oil hits six-month high, shares fall on Syria fears "The market feels an attack on Syria is highly probable but what they're concerned about is the retaliation," said Mi... Amid pessimism, India stock mkt story strong: Analysts Amid uncertainty, should long-term investors enter markets now or will the market oblige for better price options in ... Recent govt actions may only arrest rupee fall: DBS The recent policy actions might not help the rupee in regaining its lost ground but only arrest further depreciation,... Finance Ministry sends letters to indirect tax defaulters The Finance Ministry has started sending letters to service tax, customs and excise duty defaulters asking them to co...

Market Watch 28 Aug | 06:32PM SENSEX 17996.15 â†' 28.07 NIFTY 5285.00 â†" -2.45 USD/INR 60.64 â†" -0.32 GOLD (Rs/10g.) 34843.00 â†' 1128.00

MARKET NEWS Amid pessimism, India stock market story strong in the long run, say analysts Amid uncertainty, should long-term investors enter markets now or will the market oblige for better price options in ... Sensex pulls back over 500 pts: Nearly 300 stocks hit 52-week lows on BSE According to analysts, markets have been on a downward spiral with a host of negative factors, both domestic and glob...

Gainers Losers 28 Aug, 2013, 06:32PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Punjab Communications Ltd. 64.30 19.96 33167 64.30 52.00 Pochiraju Industries Ltd. 6.35 19.81 13300 6.36 6.35 Balasore Alloys Ltd. 10.75 17.87 109060 10.94 8.77

FEATURED SLIDESHOW ET Review: Samsung Galaxy Tab 3 311 for Rs 25,725 7 awesome things you can learn online for free PC's 10 commandments to put economy back on track Who will be next to lead Microsoft? more slideshows

FROM THE NEWSPAPER FM Chidambaram blames Pranab Mukherjee for the dire state of the economy Shifting tack from his usual theme of blaming the global environment, FM admitted domestic problems had also contribu... The Sonia years: Is it welfare or farewell to India’s growth? History’s verdict on her will depend largely on how the 4 “Sonia laws” â€" RTI, RTE, Rural Employment Guarantee & Food ... Food Security Bill won't win elections: Swaminathan S A Aiyar The Lok Sabha has passed the Food Security Bill. Sonia Gandhi claims it will save the needy from hunger and malnutrit... Jairam Ramesh's green hurdles have shaved 2.5% off GDP: Yashwant Sinha Sinha blamed Congress leader and union minister Jairam Ramesh as being "singularly responsible for shaving off 2.5% o... Follow Satyam example to resolve crisis at NSEL In the world of finance, the NSEL (National Spot Exchange) crisis is neither the first scam nor will it be the last....

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