The Troubled Rupee

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

RBI likely sold dollars after rupee hit record low of 59.93 - dealers

The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.  Full Article 

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Bernanke says Fed likely to reduce bond buying this year.  Full Article 

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China Factory Activity

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China June flash HSBC PMI hits nine-month low on weak demand.  Full Article 

FIIs and Banks

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High FII holding makes private banks vulnerable after Fed - analysts.  Full Article 

Euro Economy

Euro Economy

Half-way to lost decade, Europe's growth task as tough as ever.  Full Article 

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Buy, Sell or Hold?

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Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

MARKET EYE-Indian property stocks gain on festival booking hopes

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The new Xbox One controller (R), next to the previous controller during a press event unveiling Microsoft's new Xbox One in Redmond, Washington May 21, 2013. REUTERS/Nick Adams/Files
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Microsoft reverses position on Xbox One

Microsoft says that users of its forthcoming Xbox One game console will be able to play games offline without an Internet connection, and will be able to lend or sell used disc-based games.  Full Article 

Tue Nov 6, 2012 3:22pm IST 

* Property firms such as Housing Development & Infrastructure
Ltd gain on hopes for a pickup in demand tied to the
Diwali festival season in mid-November, a time considered
auspicious in the country. 
* "Real estate stock valuations are cheap, huge difference
between stock valuations and project valuations, festive demand
is tepid but prices are not falling," said Hiten Gala, a senior
manager advisory at Brokerage Sharekhan, listing reasons for the
rally. 
* HDIL surges 6 percent, DLF gains 1.9 percent while
Indiabulls Real Estate is up 3.6 percent.

 (Reporting by Rafael Nam)
India Markets
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