NATIONAL Rupee declines further against US dollar in trade The rupee today (May 16, 2006) declined further against the US currency on renewed dollar demand amid a rebounding dollar overseas with the outlook uncertain on
fears of a slowdown in FIIs inflows.
Chidambaram terms market meltdown as correction Finance Minister P Chidambaram today (May 16, 2006) termed the steep fall in the stock market as a correction triggered by factors, including a fall in metal prices.
Sensex suffers second big loss of 438 pts in a row The benchmark Sensex continued to suffer hefty losses as it tanked over 438 points at noon today on the Bombay Stock Exchange, with funds continuing to sell in bluechip stocks.
Sensex down 169 points during volatile trading After a brief pause, the Bombay Stock Exchange benchmark sensitive index continued its downward march by losing over 169 points in early trading today on sustained selling by funds.
INTERNATIONAL Oil prices lower in Asian trade, extending losses Oil prices retreated in Asian trade today (May 16, 2006), extending losses after sharp falls in global commodity markets sparked by a slide in the dollar, their benchmark currency, dealers said.
