[ad_1] “Well, if we look at it from a stock market perspective, the markets that are more export oriented tend to do better because a weak dollar is actually good for global trade,” says Dan Fineman, Credit Suisse.We are looking at these rescues time and again shoring up the banking Read more…
[ad_1] Kolkata: The free fall in rupee is not a reflection of fundamentals of the Indian economy, which is well poised to attain its $5 trillion dollar goal in the next four to five years even as the global economy is facing headwinds at present, HDFC chairman Deepak Parekh said. Read more…
[ad_1] Amid a spurt in the US Dollar index and bond yields, foreign institutional investors or FIIs are back to selling mode on Dalal Street. Last Friday alone, FIIs dumped Indian stocks worth around Rs 2,900 crore, shows NSDL data. FIIs, which were net buyers to the tune of over Read more…
[ad_1] LONDON- The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound fell more than 1% against the dollar to 1.1351, its Read more…