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Sensex zooms after RBI's intervention in Rupee free-fall

NI Wire,    Thu, 29 Aug 2013
The Indian bourses jump northward since morning trade after recovering from Wednesday's more than 2% slump when the Reserve bank of India - India's master bank Wednesday evening announced to provide dollars directly to oil marketing companies (OMCs)..................

Govt mulls to import oil from Iran to reduce financial burden: Moily

NI Wire,    Wed, 28 Aug 2013
The Union Petroleum Minister M Veerappa Moily Wednesday informed to media that his ministry has worked out a plan to save $22 billion in the oil import bill that would reduce the import bill and Current Account Deficit (CAD)................

Gold price reaches to all-time high, touches Rs.34,600 per 10 gms

NI Wire,    Wed, 28 Aug 2013
The bright and precious yellow metal "Gold " Wednesday soared to all-time high breeching the level of Rs.34,500 per 10 grams and currently hovering around Rs.34,000 per 10 grams at 3:30 p.m., the time of closing the Indian stock exchanges........

Opposition takes on govt over free fall of Indian Rupee

NI Wire,    Wed, 28 Aug 2013
The opposition in the Centre took on Congress led UPA government for its weak economic policy and unable to tame the slumping of Indian currency in the international markets............

Rupee tanks to historic low of 68.75 as against Dollar; pull down Sensex too below 2%

NI Wire,    Wed, 28 Aug 2013
The Indian currency "Rupee" fell to a historic low again on Wednesday pulling to Indian bourses below 2 percent in the absence of strong measures by the government..............

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