Business

Moreover, sustained capital outflows also weighed on the domestic unit but dollar's weakness against some currencies overseas limited the rupee's fall, forex dealers said.

Finance Minister Arun Jaitley will unveil the Budget on February 29.

About 1074 shares have advanced, 1571 shares declined, and 126 shares are unchanged.

Addressing a gathering after distributing small loans to poor and landless people at an event here, Shah rued that around 60 crore people did not have bank accounts even six decades after independence.

Banks and exporters preferred to reduce their dollar position on hopes of resumption of foreign capital inflows.

The US-based rating agency expects the current account deficit (CAD), which is the difference between inflow and outflow of foreign exchange, to remain at a modest level of 1.4 per cent at the end of current fiscal and would continue at similar level till...

Overall it was a volatile session as the Sensex gained more than 250 points in early trade but could not sustain those gains for long.

The BSE Sensex resumed higher at 24,257.28 and hovered in a range of 24,563.34 to 24,247.23 before ending at 24,479.84, showing a gain of 291.47 points or 1.21 per cent.

The dollar index was down 0.17 per cent against a basket of six currencies in the late afternoon trade.

The government recently lowered its economic growth forecast for 2015-16 to 7-7.5 per cent from 8.1-8.5 per cent.