NATIONAL BSE: Sensex closes at new peak at 11,821.57 points The Bombay Stock Exchange benchmark Sensex climbed for the second day in a row today (Apr 18, 2006) to close at a new high of 11,821.57 points following brisk buying by funds in technology and auto sector stocks.
RBI projects GDP growth at 7.5-8 pc in FY 2007 Indian economy will continue to grow by 7.5-8 per cent in 2006-07 riding on the back of good industrial and services sector performance, amid hopes that a normal monsoon would push farm sector growth.
No change in repo rates, CRR and bank rates: RBI Reserve Bank today (Apr 18, 2006) kept the interest rates unchanged to sustain the investment boom, as it forecast a 7.5-8 per cent growth with moderate inflation of 5-5.5 per cent for the current fiscal, same as last year.
Interest rate ceiling hike on NR rupee deposits The Reserve Bank today (Apr 18, 2006) increased the interest rate ceiling on Non-Resident rupee deposits and export credit in foreign currency, while keeping the short- term and long-term rates untouched.
Rupee reacts down-ward against US$ in early trade Rupee reacted down-ward on light dollar demand from oil corporates following a fresh surge in global crude oil prices in early trade ahead of the creditpolicy announcement later today (Apr 18, 2006).
Despite a firm opening at Rs 45.07/09 per dollar, the Rupee declined to 45.1350/1450 per dollar in late morning deals, lower from the overnight finish of 45.12/14 per dollar.
Sensex jumps past 11,700 mark in morning trade Buoyed by a stunning fourth quarter results announced by yet another IT major TCS Ltd, the Bombay Stock Exchange (BSE) Benchmark 30-share Index today (Apr 18, 2006) once again began with a wide gap and jumped past 11,700 mark during morning trading on sustained buying support from investors.
INTERNATIONAL Oil prices stay above 70 dollars in Asian trade Crude oil prices held above 70 dollars in Asian trade today and threatened to test record levels as a suicide bomb attack in Israel compounded tensions over Iran's nuclear program, dealers said.
