Finance, Forex and Investments

Indian Currency News

Indian rupee steady; euro zone summit awaitedWednesday, July 20, 2011 @ 1:13AMMUMBAI: The Indian rupee treaded water on Wednesday as traders lowered their expectations for a quick resolution at a summit of euro zone leaders on Thursday to tackle Europe 's sovereign debt crisis.

Why decline of the euro is good for gold – and for SwitzerlandTuesday, July 19, 2011 @ 6:18PMThe price of gold hit an all-time high yesterday, reaching a peak of $1,609 an ounce. The price has doubled in two years and, allowing for inflation, it is also thought to be at its highest level since the 1500s, apart from a brief spike in the early 1980s. Few economists appear willing to bet against it exceeding even the 1980s record value of about $2,400 at current prices.

Till debt do us partTuesday, July 19, 2011 @ 11:50AMLukewarm equity markets, tight credit may enhance concerns on highly leveraged firms.

US-India Strategic Dialogue Joint StatementTuesday, July 19, 2011 @ 7:27AMNew Delhi, July 19 : India’s Minister of External Affairs Shri S.M. Krishna and the U.S. Secretary of State Hillary Rodham Clinton met in New Delhi on July 19, 2011, for the second annual meeting of the U.S.–India Strategic Dialogue.

Peabody Energy Announces Results for the Quarter Ended June 30, 2011Tuesday, July 19, 2011 @ 7:00AMST. LOUIS , July 19, 2011 /PRNewswire/ -- Peabody Energy (NYSE: BTU - News ) today reported second quarter 2011 EBITDA of $579.5 million , a 32 percent increase from the prior year. Â Revenues climbed 21 percent to $2.01 billion . Â Income from continuing operations increased 36 percent to $293.0 million , with diluted earnings per share from continuing operations of $1.05 . Â Adjusted diluted ...

BSF arrests Pakistani intruderTuesday, July 19, 2011 @ 6:50AMBorder Security Force (BSF) personnel on Tuesday apprehended a Pakistani intruder who managed to sneak into the Indian territory along with arms, ammunition and fake Indian currency notes besides SIM cards.

US, India reiterate commitment to cooperation in defence, security and counter-terrorismTuesday, July 19, 2011 @ 6:27AMIndia and the United States on Tuesday reiterated their commitment to further bilateral cooperation in defence, security and counter-terrorism.

Mauritius’s Rupee Weakens for Third Consecutive Day on Europe Debt CrisisTuesday, July 19, 2011 @ 5:43AMMauritius’s rupee weakened for a third day against the dollar as concern the debt crisis in Europe, the Indian Ocean island nation’s biggest trading partner, may affect the economy.

Polaris Reports Record Second Quarter 2011 Results; EPS Increased 83% to $1.37 with Sales Growth of 41%Tuesday, July 19, 2011 @ 5:12AMPolaris Industries Inc. (NYSE:PII) today reported record second quarter net income of $48.7 million, or $1.37 per diluted share, for the quarter ended June 30, 2011, up 90 percent from the prior year’s second quarter net income of $25.6 million, or $0.75 per diluted share.