Money Morning 06-08-2014 …

August 6, 2014 0

Power Grid announces dismal set of results. Negative in the short term Powergrids sales increased by 10.7% YoY to ~Rs.39.4bn below street estimates while its operating profit increased by 10% YoY to ~Rs.33.7bn. The company’s […]

Money Morning…

July 29, 2014 0

Reliance power to acquire 3 hydropower assets of Jaypee power. As per media reports deal is likely to be at a significant premium. Positive for JPVL in short to medium term. Reliance CleanGen (RCL), a […]

Currency World 25-07-2014 …

July 25, 2014 0

Indian rupee closed slightly weaker on Thursday, retreating from a more than one-week high hit earlier in the session on the back of month-end dollar demand from importers and possible intervention by the Reserve Bank […]

Currency World 24-07-2014 …

July 24, 2014 0

Indian rupee closed slightly higher on the back of dollar sales by custodian banks acting on behalf of foreign funds, but broader gains were capped by greenback demand from importers. The rupee remains stuck in […]

Currency World 23-07-2014 …

July 23, 2014 0

Indian rupee closed flat and continued to trade in tight ranges, with trading dominated by dollar sales from foreign banks but offset by solid greenback demand from oil companies and other importers. Firmness in equity […]

Rupee recovers 10 paise against dollar …

July 21, 2014 0

The rupee recovered by 10 paise to 60.18 against the U.S. dollar in early trade on Monday at the Interbank Foreign Exchange (Forex) market on selling of the American currency by exporters amid increased capital […]

Currency World 18-07-2014 …

July 18, 2014 0

The rupee ended unchanged on Wednesday, as the dollar strengthened in the overseas market while demand from state run banks was offset by gains in local shares. The rupee also did not move significantly, after […]

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