Rupee opens at 39.46/47 per dollar

Friday, December 28, 2007, 18:33 [IST]

Mumbai, Dec 28 (UNI) Rupee opens marginally weak at 39.46/47 against dollar from its previous close of 39.42/43 per dollar on weak global cues following the assassination of Pakistan's former Prime Minister Benazir Bhutto.

The Indian currency eases on worries about foreign investors withdrawing funds as Asian markets landed in red on fears of regional turmoil following the assassinnation, dealers said.

UNI

Topics: MARKETS-FOREX-OPENING

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Pride Group to float IPO in Q1 of 2008

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Friday, December 28, 2007,18:33 [IST]

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HP Cabinet recommends dissolution of state Assembly

Friday, December 28, 2007,18:34 [IST]

Shimla, Dec 28 (UNI) The Himachal Pradesh Cabinet today recommended the dissolution of the state Assembly to Governor V S Kokje following the ruling Congress' defeat in the elections. The Cabinet, which met under the leadership of Congress Chief Minister Virbhadra Singh, decided to recommend dissolution of the assembly after the BJP secured majority in the 68-member House, state Chief Secretary Ravi Dhingra told UNI. He said only State Power Minister Vidya Stokes and Animal Husbandry Minister Harsh Mahajan besides the.....

71% of unorganised manufacturing exists in rural India: Survey

Friday, December 28, 2007,18:34 [IST]

New Delhi, Dec 29 (UNI) More than 71 per cent of manufacturing enterprises today exists in the country's rural tracts with West Bengal and Uttar Pradesh leading among the states having the maximum number of such industries, a government survey released here today said. According to the NSS 62nd Round survey report, the number of unorganised manufacturing enterprises which is estimated at 17.07 million in the country, only 29 per cent are in the urban areas as of 2005-06. The Report.....

Credit ratings on Pak can be lowered: Standard and Poor

Friday, December 28, 2007,18:35 [IST]

Singapore, Dec 28 (UNI) Standard&Poor's Ratings Services today said the sovereign credit ratings on Pakistan can be lowered, if the assassination of Benazir Bhutto precipitates heightened levels of violence and political turmoil. It has currently rated Pakistan's foreign currency B+/Negative/B; and local currency BB/Negative/B. The death of former prime minister Bhutto, one of the main political contenders in the upcoming general elections, is a significant blow to Pakistan's transition to democratic rule, and leaves a considerable political vacuum in Pakistani politics,.....