Re volatile against dollar
Mumbai: It was a backbreaking day for many a dealer in the local currency markets with the rupee exhibiting a yo-yo like movement. Despite the dollar taking a major beating world-wide on Tuesday and several Asian currencies strengthening against it, the reverse was seen in India with the rupee weakening against the dollar on the back of domestic developments.
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Re appreciation issue referred to Finance Ministry
New Delhi: Exporting community's concerns on strengthening of the rupee against the US dollar has been referred to the Finance Ministry by the Commerce Ministry, the Director-General of Foreign Trade, Mr L. Mansingh, has said.
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IFC sells part of stake in Orchid Chem
Chennai: IFC, Washington, sold 2.17 per cent of stake in Orchid Chemicals on Wednesday in the stock market. Following the sale, IFC's holding in the company stands at 10 per cent.
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SBH net up 45 per cent in first half
Hyderabad: State Bank of Hyderabad has posted an income of Rs 1,368.28 crore and a net profit of Rs 147.55 crore during the first half of the current fiscal ended September 30, 2003.
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