Stocks slide, panic grips Asian markets Asian stocks slid on Wednesday after disappointing earnings from big U.S. banks sparked profit worries, with India's share market and rupee suffering a panic selloff on proposed curbs on inflows of foreign funds. 17 Oct 2007
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Indian markets slide on moves to cap inflows Indian shares plunged more than 9 percent on Wednesday and the rupee tumbled to a near-month low as authorities moved to curb a flood of money coming into the world's fastest-growing major economy after China. 17 Oct 2007
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HCL Tech Q1 net up, sees no IT budget cut HCL Technologies Ltd said on Tuesday its consolidated quarterly profit rose 23.2 percent as it raised fees for customers to offset the impact of a firmer rupee and won more outsourcing deals in Europe. 17 Oct 2007
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India may need some capital controls, says top economist India's record-breaking stock market and surging rupee are damaging the economy and policy makers might need to consider imposing some controls on capital inflows, a central bank adviser said. 17 Oct 2007
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Indian exports hurt by rising rupee: CII The fast-rising rupee has hurt the competitiveness of Indian exporters, as currencies of competing countries made slower gains against the dollar, and in some cases even declined, a leading industry group said. 16 Oct 2007
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Indian stocks rise worrying, rupee a concern: FinMin Indian Finance Minister Palaniappan Chidambaram said on Friday that the strong surge in local shares to record highs worried him sometimes, and the huge capital inflows that had helped power the gains were much more than anticipated. 12 Oct 2007
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RBI indulges in currency swap to tame strong rupee The Reserve Bank of India (RBI) has begun doing currency swaps with state banks to blunt some of the rupees it injects while buying dollars and to help exporters get a better exchange rate, dealers said. 11 Oct 2007
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India needs more planes, says Boeing Seattle-based major aerospace and defense corporation, Boeing Company, has revised its current market outlook (CMO) saying India would need 911 new commercial passenger aircraft worth $86 billion over the next 20 years given the country's robust economic growth and rising demand for air travel. 02 Aug 2007
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Rupee touches 9-year high against dollar The Indian Rupee breached a nine-year high of Rs. 40.53 a dollar on Monday before closing at a lower level of Rs. 40.87. 09 May 2007
