INDIA

Rupee

Rupee Closes Slightly Down; Suspects RBI Intervention

The rupee fell for the first session in seven on Friday as dollar demand from oil importers overwhelmed inflows, although suspected central bank intervention helped the currency recover smartly from the day's low.

BSE Sensex Witnesses Highest Close in 6 Weeks

BSE Sensex
The BSE Sensex rose 0.57 percent on Friday to its highest close in six weeks, as appetite was bolstered by strong results from software services exporter Wipro (WIPR.NS) and the country's No. 3 private lender Axis Bank (AXBK.NS).
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Dai Bingguo, Shiv Shankar Menon

India, China Agree to Avoid Border Flare-ups

India and China have agreed to try to avoid flare-ups along their disputed 4,000-km border through the Himalayas, a positive development in often fractious relations between Asia's emerging giants.
IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris

IMF Seeks More Funds for Europe Rescue; U.S. Wary

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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IMF Seeks More Funds for Europe

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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Divers suspend search of capsized Italy liner

Divers searching the capsized Italian cruise liner Costa Concordia suspended work on Wednesday after the vast wreck shifted slightly, but officials said they are hoping to resume as soon as possible.
A boat with rescue workers is seen near the Costa Concordia cruise ship that ran aground off the west coast of Italy, at Giglio island

Costa Concordia: List of Missing Passengers

Italian authorities released a list of 28 passengers still missing after the Costa Concordia cruise ship that capsized off the coast of Italy Friday, including a Minnesota couple named including a Minnesota couple named Barbara and Gerald Heil. .
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Top Five Drivers of India's Inflation

Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
RBI

RBI Seen Holding Rates Steady, CRR Cut Unlikely

The Reserve Bank of India (RBI) will not cut interest rates at its review on Tuesday, although it is nearly unanimously expected to do so by the end of June, a Reuters poll of 22 economists showed.
Indian woman tries on gold jewelry

India's Bullion Traders Halts Fresh Orders

India's bullion traders stayed away from placing fresh orders after a nearly 90 percent hike in gold import duty was announced earlier this week, while China's gold purchases slowed down ahead of the Lunar New Year holiday.
Picture illustration shows a one euro coin on a flat screen displaying exchange rates in Rome

Ditch the Assumption that Developed Economies Safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.

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