Expect rupee to trade in 60.80-61.50/USD range
Ashutosh Raina of HDFC Bank said,
"Markets await the outcome of the crucial 2-day FOMC meet and the Scottish referendum.” “We had poor IIP and CPI data but a better than expected WPI also failed to cheer the markets. Expect the rupee to trade in a narrow range of 60.80-61.50/dollar till the outcome of the FOMC meeting,” he added.
TOP CORPORATE NEWS 15 September 2014
·
Yes Bank falls further, FIIs need
RBI nod to buy shares
Shares of
Yes Bank declined further to 4% after the Reserve Bank of India on Friday said
the foreign investors will need RBI's approval to buy additional equity in the
private sector lender.
·
LIC Housing to focus on high
yielding products
LIC Housing
Finance Ltd expects margins to improve led by reduction in its borrowings from
the banks and focus on high yielding loans like loan against properties.
·
RIL's $10 billion investment
depends on government approval
Reliance
Industries $10 billion investment in new fields off the east coast depends on
the government approving acceptable gas price, says its partner in KG D6 basin,
Niko Resources during its annual general meeting.
·
Mastek up 15%, to merge insurance
products & services biz
Shares of Mastek are
roaring with hefty gains after it announced demerger of the insurance products
and services business into a separate listed company.
