I think government should stop importing various goods, and we have to increase export goods to international market.
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Who Moved and Why 23 aug 2013
1) Gitanjali Gems drops after a foreign bank sold 0.61% stake in the jewellery firm in a bulk deal.
2) Sequent Scientific surged, extending recent rally triggered by the company's promoters converting warrants into equity shares at a high premium.
3) Bajaj Corp surged, with the stock extending Thursday's gain triggered by securing board nod for acquisition skin care brand from Ozone Ayurvedics.
4) Shree Ganesh Jewellery House jumped after the company said it allotted 12.80 lakh equity shares at Rs 125 each to a non promoter.
Indian rupee also managed to bounce back on RBI measures and was trading around sub 67 levels after slipping to a fresh record low of 68.80 per dollar on Wednesday.
The BSE Sensex was 251.38 points up at 18871.10 & The CNX Nifty was 71.75 points up at 5543.43. The Indian Rupee was 0.14% week against USD.
Rupee staged a sharp rebound against the dollar. Metal and mining stocks edged higher as a private survey showed growth in China's services sector hit a five - month high in August. Among IT stocks, the market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 343.65 points up at 18578.31 & The CNX Nifty was 111.25 points up at 5452.70.
The market breadth, indicating the overall health of the market, was strong. Indian stocks surged and the rupee rose today, 5 September 2013, after the new central bank Governor Raghuram Rajan announced plans late on Wednesday to bolster the financial industry and stabilize the rupee. Realty stocks rose on renewed buying. Auto stocks also participated in the rally.
64.11 INR/Dollar Rupee rose to a two-week high against the dollar on receding geopolitical risks from Syria.
Two wheeler makers rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 88.55 points down at 19908.54 & The CNX Nifty was 20.55 points down at 5876.20.
The Indian Rupee was 1.29% strong against USD. 1 INR = 62.50 Dollar. Bank stocks gained across the board. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 10.50 points up at 19743.26 & The CNX Nifty was 2.60 points up at 5853.20.
Weakness in the rupee and losses in Asian stocks weighed on sentiment. Mahindra & Mahindra (M&M) rose for the third straight day on expectations of increase in tractor sales due to good rains this year.The BSE Sensex was 2.07 points down at 19740.40 & The CNS Nifty was 2.15 points down at 5838.40.
Rupee to hover around 65/USD level, currently rupee down to 63.71 as compared to 61.41 in last month September 2013, earlier it has hovered to 63 to 69 per USD level in August 2013
We should not become jubilant in such slight raise or downfall of the conversion rate between Rupee and Dollar.
The current stability (despite of few ups and downs) is due to a large amount of foreign investment in October.
No stimulus package is available to relieve us from unnecessary calamity
Thanks sharing valuable information .
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Today's trend of rupees against dollar Dollar-Rupee
61.9700 -0.07 (-0.11%)
It is good market standard in dollar is situated at the lowest level in month.