Goldman Sachs’ five reasons why rupee can hit 52 vs dollar in 12 months

THE ECONOMIC TIMES Fri, May 10, 2013 | 06:17 PM IST

Goldman Sachs’ five reasons why rupee can hit 52 vs dollar in 12 months Re has been under pressure since mid-2011 but improving growth and falling inflation tends to lead the currency to strength. India outsourcing under scanner after $45-mn global ATM heist The modus operandi included hacking in computer systems of payment processing cos to compromise account details of prepaid card a/c customers.

Story of The Day Professor Lord Bhattacharyya: Meet the man who helped Ratan Tata find his successor Handpicking the chairman of Tata Sons is a herculean task in itself. Filling in Ratan Tata's shoes is tougher still, says Professor Lord Bhattacharyya. read more

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Market Watch 10 May | 06:17PM SENSEX 20083.30↑144.26 NIFTY 6094.75↑44.60 USD/INR 54.49↑0.25 GOLD (Rs/10g.) 26777.00↓-389.00

Latest Updates Gold declines to to Rs 27,825 on global cues Gold prices declined by Rs 25 to Rs 27,825 per 10 gm owing to slackened demand at prevailing higher levels amid a weak global trend. Analysts turn bullish on pvt sector banks, NBFCs Both PSU and private sector banks have reported decent Q4 results and are attracting fund flows from institutional and domestic investors. No to extending interim order on Maharashtra LBT: SC The Supreme Court today refused to extend a Bombay High Court interim order staying imposition of local body tax for now. India should build more investor confidence: DBS CEO "The policy flip-flopping...created a crisis of confidence. And investors do not invest for lack of confidence in the system," he said. FB can make 'moving on' difficult after breakup Even though photos of your ex on Facebook can be deleted with just a click, the proliferation of social networking sites has made forgetting after a break-up a bigger chore. IMF says monetary easing could drive asset bubble IMF Deputy Director Naoyuki Shinohara says that the fund was paying close attention to the risk of overheating in some economies.

Gainers Losers 10 May, 2013, 06:17PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Shree Rama Multi-Tech Ltd. 6.88 19.86 8715 6.88 6.88 New Delhi Television Ltd. 89.95 19.69 826301 90.15 82.00 RCL Retail Ltd. 12.80 19.63 50000 12.80 12.80 Anil Special Steel Industries Ltd. 5.91 15.20 10017 5.99 5.25 Action Construction Equipment Ltd. 15.05 14.89 1403773 15.70 13.55