Rupee gains 7 paise against dollar in early trade

Mumbai, May 9 (PTI) The rupee strengthened by 7 paise to 66.47 against the US dollar in early trade today on increased selling of the American currency by banks and exporters.

Forex dealers said besides sustained selling of the greenback by banks and exporters, a higher opening of the…

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Infra building can drive manufacturing growth: Niti Aayog CEO

New Delhi, May 7  Terming progress made in expanding India’s roads and railways networks the best ever in the last two years, Niti Aayog chief executive Amitabh Kant said on Friday that infrastructure construction can drive manufacturing growth in the country.

“Infrastructure construction can drive manufacturing growth and India…

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Eveready's Q4 net dips 27 percent

Kolkata, May 6  Battery maker Eveready Industries on Friday announced that its standalone net profit in the January-March quarter of 2015-16 fell by 27 percent to Rs.4 crore as against Rs.5.45 crore in the same quarter of 2014-15.

The standalone operating income of the…

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RBI sets rupee reference rate at 66.5830 against US dollar

Mumbai, May 06 (PTI) The Reserve Bank of India today fixed the reference rate of the rupee at 66.5830 against the US dollar and 75.9313 for the euro.

These rates were 66.5105 and 76.3807 respectively yesterday.

According to an RBI statement, the exchange rates for the…

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Sensex loses 148 points in early trade

Mumbai, May 6  A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 148.73 points or 0.59 percent lower during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 38.15 points or…

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