Rupee Drops On Weak Shares; Inflation Eyed

At 10:55am, the partially convertible rupee was at Rs 45.30/31 per dollar, 0.15% weaker than its Rs 45.24/25 close on Thursday MUMBAI, Jan 14: The rupee fell on Friday tracking losses in local shares, which raised worries of foreign investors continuing to pull out funds from Asia’s third-largest economy, and weighed by mild gains in the dollar overseas. At 10:55am, the partially convertible...

Sensex Falls By Nearly 500 Points On Rate Hike Fears

Bombay Stock Exchange (BSE). Image Credit: Tehelka MUMBAI, Jan 7: The Sensex lost nearly 500 points (2.44 per cent) on Friday, as worries of a steep rate hike by the Reserve Bank of India (RBI) dominated market sentiment. The drop pulled down the Sensex below the 20,000 level to 19,691.81. The Nifty also tanked by over 143 points to 5,904.60. Among the stocks that suffered steep losses were banking...