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Nothing
to worry about: Sinha |
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Union finance minister Yashwant
Sinha on Wednesday said that the terrorist attack on the US
would not have any adverse impact on India’s economy. |
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Rupee
hits new low at 47.50, gilts down 30-45 paise |
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The rupee fell to a new low
in the early trades on Wednesday as a reaction to the Tuesday’s
terrorist attack on the US. The Indian currency dipped to 47.5000/5200
on lack of supplies and also fears that foreign funds may pull
out of the stock markets, thereby increasing the demand for
dollars. |
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Insurance
industry shrugs off Sinha’s assurance |
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Union finance minister
Yashwant Sinha’s assurance on the safety of the Indian economy
from the fallout of the tragedy-struck US economy may not just
be true for the domestic insurance industry. |
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Selling
halts gold’s move to cross $300 levels |
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The terrorists’ attack
on the US and the resultant all-round weakening of the equity
markets failed to make gold a more attractive investment avenue
than it was before. |
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