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RBI governor allays concerns over capital inflows
The Reserve Bank of India (RBI) today allyed concerns about capital inflows building an asset bubble and said it is keeping a vigil on these.

Committee begins probe into IOC fire
A committee set by the Petroleum Ministry to probe into the causes of the devastating fire at the IOC depot near here began its inquiry today by visiting the site.

News of the day

Asian stocks rebound on Dubai financing; Japan shares decline
Asian stocks rebounded from earlier losses after Dubai secured $10 billion of funding to repay its debt. Japan shares dropped as a measure of business confidence showed companies are scaling back investment plans.
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UPDATE: Rupee gains by another 21 paise vs $

- Bonds gain as yields near 15-month high lure investors - Rupee gains 2 paise at 45.69/$ in early trade - Rupee down 16 paise at 45.50/$ in early trade - Imports turn viable on rising domestic prices - Dollar buys, FII inflows take Re to 15-month high - Rupee at 16-month high, rises to 45.34/$">Rupee at 16-month high, rises to 45.34/$ Sensex ends up 35pts In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened higher at 45.45/46 per dollar, against yesterday"s closing level of 45.61/62. It then moved up further to quote at 45.44/45 per dollar at 1030 hours. Rupee was later trading in the range of 45.50-45.40. Forex dealers mainly attributed the rise in the rupee value to recovery in Indian equities. The Bombay Stock Exchange benchmark Sensex today firmed up by over 100 points from yesterday"s close. In New York, the dollar remained low against most of its big rivals.


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