Tags: dollar rates | Rupee value

The rupee today appreciated by 7 paise to Rs 46.65 a dollar at the Interbank Foreign Exchange market in early trade, on capital inflows by foreign funds.

Dealers said fresh capital inflows into equities by foreign funds and firming Asian currencies against the dollar kept the rupee sentiment firm.

The rupee had ended 8 paise higher at Rs 46.72/73 against the dollar in the previous session.

Tags: Points | Sensex | stock markets

The Bombay Stock Exchange benchmark Sensex fell by over 28 points at midsession today on profit booking triggered by reports of rise in food inflation. The 30-share index, which commenced the day higher by 78 points, fell back by 28.32 points to trade at 18,209.99 points at 1 pm as metal, oil and gas and banking stocks declined.

The broad-based National Stock Exchange index Nifty eased by 6.60 points to 5,479.55 points, after rising to 5,510.40 in early trade.

Tags: bullion report | gold prices | silver prices

Gold today climbed to an all-time of Rs. 19,405 per 10 grams in the bullion market here after frantic buying stockists to meet the rising demand during the ongoing festival season.

The precious metal mirrored the gains in global markets, the trend setter on the domestic front, marketmen said. Gold rose to two-month high levels in the global markets following a fall in the dollar.

Gold prices spurted by Rs. 215 to trade at a record high of Rs. 19,405 per 10 grams, surpassing the previous record level of Rs. 19,220 set on June 8.

Silver recorded a handsome gain of Rs. 525 to trade at Rs. 30,950 per kg on increased offtake by industrial units and jewellery fabricators.

Tags: 13% | economy | exports | July

Amid concerns about continued uncertainty in the European markets and slow pace of economic recovery in the U.S., Indian exports in July grew by 13.2 per cent, the lowest expansion so far this fiscal, to $16.24 billion. In July 2009, exports stood at $14.34 billion, according to the official data released on Wednesday.

The slowdown comes close on the heels of the sops announced in the annual supplement of the Foreign Trade Policy (FTP) unveiled on August 23. During the first three months of 2010-11, shipments grew by about 30 per cent.

Commerce Secretary Rahul Khullar had recently indicated that the slowdown could continue for the rest of the fiscal as the developed countries might go in for fiscal consolidation by partially rolling back economic stimulus packages.

India's exports showed robust growth rates in April (36.2 per cent), May (35.1 per cent) and June (30.4 per cent). However, officials felt that after the announcement of the sops recently for labour-intensive sectors, exports would achieve the target of $200 billion in 2010-11.