HDFC, ICICI, Axis to charge Rs 150 for cash transactions. Here’s all you need to know


New Delhi, March 02: India’s leading private banks said on Wednesday they will charge a minimum of Rs 150 for cash deposits and withdrawals at bank branches after four free transactions in a month, revising charges that were kept in abeyance briefly after the government demonetisation on November 8. HDFC, ICICI and Axis will calculate the fee – aimed at reducing ...

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Sensex falls 146 points on F&O expiry, weak rupee


MUMBAI: After rising for two back-to-back sessions, the stock market turned weak as the benchmark Sensex fell nearly 146 points and the NSE Nifty hung below the 8,000-mark in early trade today, with participants liquidating positions in view of November month derivatives expiry. Besides, weak Asian cues as upbeat economic data strengthened prospect of higher US interest rates and the ...

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Rupee gains 9 paise against dollar in early trade


MUMBAI: The rupee firmed up 9 paise to 68.56 against the dollar in early trade today, rising for the second straight day on increased selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and expectations of encouraging GDP data to be released later in the day, also supported the ...

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Gold down Rs 100 on cash crunch, weak global cues


NEW DELHI: Gold prices declined by Rs 100 to Rs 29,350 per 10 grams today due to low demand on account of prevailing cash crunch in the domestic market following demonetisation of high value notes as well as a weak trend overseas. While, silver recovered by Rs 700 to Rs 41,435 per kg on increased offtake by industrial units and ...

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Rupee sheds 11 paise against dollar in early trade


MUMBAI: The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand for the American currency from importers. Forex dealers said a lower opening of the domestic equity market also weighed on the rupee but the dollar’s weakness against some currencies overseas capped the fall. The rupee ...

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Rupee further recovers from all-time low, regains 9 paise


MUMBAI: The rupee today recovered from its 39-month closing low by rising 9 paise to 68.64 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by banks and exporters. The Indian currency had yesterday hit a record intraday low of 68.86 but recovered towards the fag end to finally close ...

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Ratan Tata asks nation to back demonetisation


NEW DELHI: After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on November 26 termed the move as one of the three most important economic reforms that will help fight black money. Tata, who is locked in a bitter boardroom battle over control of the Tata Group with his successor Cyrus P Mistry, said the ...

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