India could take up QE tapering issue at G20

India is likely to take up the issue of quantitative easing (QE) by the US at the G20 Leaders' Summit in St Petersburg, Russia next week. Emerging economies, which have seen a flight of capital in the recent weeks on talks of stimulus withdrawal in the US, might together raise the issue at the summit.The Indian currency has taken a beating since the US announced its plans to consider reducing its bond buying

Prime Minister Manmohan Singh, who assured the nation on Friday on the net gains of globalisation, despite short-term shocks such as rupee depreciation, is likely to raise the issue of capital outflow from emerging market economies due to developments in the US.

INDIA ECONOMY GROWS WEAKER THAN EXPECTED

India's economy grew by 4.4 per cent in the first financial quarter, the weakest performance since 2009, data shows, marking another blow as the government struggle to steady a sliding currency
Analysts blamed slumping investment, stubbornly high inflation and muted export demand from developed nations for the grim performance, which undershot market expectations that the economy would grow around 4.7 per cent
India has been battling to restore investor confidence and boost the level of the rupee which has hit a string of lifetime lows against the dollar

S&P 500 Falls as Investors Weigh U.S. Response to Syria

U.S. stocks fell, with the Standard & Poor’s 500 Index capping its worst monthly drop since May 2012, as investors weighed the prospects for American military action in Syria and disappointing data on consumer spending
The S&P 500 dropped 0.3 percent to 1,632.97 at 4 p.m. in New York, extending its decline in August to 3.1 percent. The Dow Jones Industrial Average fell 30.64 points, or 0.2 percent, to 14,810.31. U.S. exchanges are closed Sept. 2 for the Labor Day holiday

Govt considering bullion bank to mobilise idle gold

Indians estimated to be holding 20-25,000 tons of gold. Every year 800-900 tons of gold added to this
The government and the Reserve Bank of India (RBI) are considering buying idle gold from investors and routing it to jewellersto replace imports. To facilitate this, a bullion bank or Bullion Corporation of India (BCI) is proposed to be set up

Mutual funds: Investors must invest with 12-18 months timeline to beat volatility

In the face of increasing volatility in the debt market, industry leaders have advised investors to keep a 12-18 months horizon in short-term and long-term debt funds for stable returns

Forex reserves down at $277.722 billion as on August 23: RBI

Foreign exchange reserves were down to $277.722 billion as of Aug. 23, compared with $278.807 billion in the earlier week, the Reserve Bank of India

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves

South Africa's waning gold industry braces for more strikes

South African gold miners plan to strike for higher pay from Tuesday, inflicting more damage on an industry that has produced a third of the bullion ever pulled from the earth but is now in rapid decline
The National Union of Mineworkers (NUM), which represents almost two thirds of the country's 120,000 goldmine workers, served the mining firms notice of the strike starting from Tuesday's night shift

AGRI WRAP-Indian jeera, chana fall; guar jumps 4 pct

Indian jeera, or cumin seed, futures fell on Thursday as plentiful rains in leading cultivating states raise prospects of better sowing in the winter

Indian guar seed futures rose as rains in Rajasthan, the country's top producing state, raised concerns over the yield of the crop, while arrivals from new season supplies are also likely to be pushed back

Indian chana, or chickpea, futures fell on prospects of better sowing while higher area under summer-sown pulses and favourable weather also weighed on sentiment

Dynacor Increases Its 2013 Gold Production Guidance to 71,000 oz

Dynacor Gold Mines Inc. (TSX:DNG) (Dynacor or the Company), a company with gold and silver ore processing operations and exploration projects in Peru, is pleased to announce that it has increased its 2013 gold production guidance to 71,000 ounces up from 66,000 ounces an increase of 7.5%

Indian banks borrow 659.68 bln rupees from the cbank under MSF

Indian banks borrowed 659.68 billion rupees ($9.84 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on Aug. 29, slightly lower than the 695.85 billion rupees on Aug. 28

India & Indonesia suffers most

The rupee and the rupiah are seen as especially vulnerable to an anticipated reduction in the Fed’s quantitative easing, The Fed is expected to start scaling back its bond-buying programme next month

Rating agency "Moody"

Rating againcy #Moody warns the Govt. over Food security bill that this measure will weak Govt. finances

Crude Oil to go up

Crude oil can go up as traders fear that United states would launch air strike against #Syria that could last for days

गिरता रुपैया

#रुपैया का गिरना विश्व जगत में भारत की गिरती साख का प्रतीक है जिसके लिए #UPA सरकार और उसकी नीतियाँ जिम्मेदार है  

NSEL Default continue

#NSEL declared ten more entitles as defaulters which now tally total number of defaulters to 19

All time high for Gold

Gold trading at all time high, set to test the levels of 35ooo/- INR