Monday, November 26, 2007
Hexaware Technologies Ltd. had its major drop in over six years in Mumbai trading after the Indian computer services company said it's probing ``potentially fake'' currency trades that could elicit losses, This action is due to certain keenly concealed and potentially fake foreign-exchange option transactions carry out by one Hexaware official,'' the Mumbai based company said in an e-mailed report, without mention the executive name.
The Indian rupee is headed for major gain in too much three decades this year, inflating the impact of any incorrect bets on the currency. Hexaware last month reported its lowest profit in nine quarters after the rupee's gain gnarled overseas earnings, Hexaware fell 17 percent to 73.70 rupees at the end of trading on the Bombay Stock Exchange, its major decline since July 25, 2001. The shares have drop 63 percent this year; weigh against with a 40 percent climb in India's benchmark Sensitive Index.
Refer:http://www.bloomberg.com/apps/news?pid=20601091&sid=aav9JngtoAWU&refer
=india
The Indian rupee is headed for major gain in too much three decades this year, inflating the impact of any incorrect bets on the currency. Hexaware last month reported its lowest profit in nine quarters after the rupee's gain gnarled overseas earnings, Hexaware fell 17 percent to 73.70 rupees at the end of trading on the Bombay Stock Exchange, its major decline since July 25, 2001. The shares have drop 63 percent this year; weigh against with a 40 percent climb in India's benchmark Sensitive Index.
Refer:http://www.bloomberg.com/apps/news?pid=20601091&sid=aav9JngtoAWU&refer
=india
posted by stifxonline
@ 10:00 PM
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Wednesday, November 21, 2007
Central European currencies traded lesser today as fall on global stock markets cooled investors' appetite for up-and-coming currencies; whereas the Czech crown in brief inched past the psychosomatic 18 to the dollar mark before give way to the market's mood.
Stock exchanges in Prague, Budapest and Warsaw were all lesser in the morning, and dealers thought signals from Czech and Polish politicians that they are likely to delay acceptance of the euro extra into the next decade also weighed on investor attitude. Against the euro, the Czech crown chops down around 0.4 pct to 26.77, while Poland's zloty gone around 0.3 pct to the euro to trade at 3.682. Dealers thought it may head toward 3.70 previous to positions are cleared out sufficient for a fresh progress top.
Refer: http://www.forbes.com/markets/feeds/afx/2007/11/21/afx4362872.html
Stock exchanges in Prague, Budapest and Warsaw were all lesser in the morning, and dealers thought signals from Czech and Polish politicians that they are likely to delay acceptance of the euro extra into the next decade also weighed on investor attitude. Against the euro, the Czech crown chops down around 0.4 pct to 26.77, while Poland's zloty gone around 0.3 pct to the euro to trade at 3.682. Dealers thought it may head toward 3.70 previous to positions are cleared out sufficient for a fresh progress top.
Refer: http://www.forbes.com/markets/feeds/afx/2007/11/21/afx4362872.html
posted by stifxonline
@ 4:33 AM
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