Rally in domestic equities helps rupee
Demand for the greenback from banks and importers and little support from local share market led to rupee snapping a two-session uptrend
For investors, TMB is one of the most sought-after banks for its steady profitable streak since inception
Logs 4th straight yearrly drop in 2014
Insurers across segments are looking forward to the passage of the Insurance Bill. Together with a stronger economy, the sector is expected to continue its double-digit growth
Only 18% of total debt recovered; Govt should move to make laws tougher at the earliest
Investors turn to equities as yields drop
Says he had only suggested steps to boost India's manufacturing capabilities
Weakening dollar prompts exporters to sell the US currency
Dollar demand from oil companies dented the rupee movement, says Veracity Group CEO
Year-end dollar demand from importers also weighs
Foreign currency assets rises by $3.31 bn to $295.67 bn
Last week, reserves had increased by $2.172 billion to $316.833 billion
A modest recovery in local equities, however, capped the rupee fall to some extent
Profit booking by FIIs also weighs
On rupee, BoA says central bank may continue to be defensive at a level of Rs 62-63/$
It closed at 63.51 per dollar, weaker than Tuesday's 63.28