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  Rupee begins well in early trade
  04 July 2008 12:07:23
   
  Indian rupee opened trading in a positive note Friday as investors covered their short positions but with oil holding above $145 a barrel and shaky stock markets raising prospects for more capital outflows, gains may be limited.

The rupee was at 43.26/27, a shade stronger than Thursday's close of 43.30/31 in early trade Friday. It hit a 15-month low of 43.50 on Tuesday.


    FOREX Reports  
  Aussie ends lower again
  The Aussie closed trading weaker Wednesday as another lackluster day on Wall Street weighed on risk sentiment.
  Yen keeps rising
  Japanese yen continued gains Wednesday as investors turned risk-averse after shares in Asia fell on fears that the credit crunch would lead to a sharp slowdown in the global economy.
  Pound sterling recovers against dollar
  Pound sterling continued its recovery Tuesday as traders welcomed the UK government's plan to inject 37 billion pounds into the country's ailing banks.
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      Top Stories
Banks that can sink at any moment
'I want to punch Greenspan & Paulson in the face'
Financial Technologies buys UK-based ACE Group
Is global Gold demand slumping?
RBI announces Rs 25,000 crore liquidity package
The lessons from global economic crisis
Centralised clearing vital for credit default swaps
Chinese steel majors cut output on falling demand
India, South Africa, Brazil should share mining tech
The Olympics Effect: Is Chinese growth slowing?
India Post to offer gold coins through post offices
Credit crisis could become food crisis: FAO
  More >  
    Technical Calls  
  Commodities recap - evening of 15th Oct, 2008
  Bullions remained range bound with spot gold facing stiff resistance at $850 an ounce.
  Flashback - Energy 15th Oct, 2008
  Crude Oil prices failed to hold on to its gains yesterday and ended lower amidst volatile trading, as concerns over falling demand outweighed measures taken by central banks to ease credit crisis. November crude oil prices were down by 3.15%, to clos
  Flashback - Base Metals 15th Oct, 2008
  Copper prices touched a high of $5,510 yesterday despite a whopping rise in inventories by 2,475 tonnes.
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     Market Pulse  
  US government posts record $455 billion deficit
  Federal Reserve's Beige Book said that economic activity slowed in all 12 districts. The US federal government posted a record high $455 billion deficit for 2007-2008.
  MCX index falls by 82.47%, NCDEX down by 9.59%
  MCX and NCDEX indices stood at lower today in the intraday trading session because of weak global sentiments.
  NCDEX jeera futures closes with moderate gains
  Jeer future today ended with moderate gains at NCDEX counter on short covering. NCDEX jeera Oct contract spurted up by Rs 70 to session’s high Rs 10650 per quintal.
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