Recent Happenings

• Sensex does a 2000-point jaunt again, hits a new high at 17361.

• Rupee scales a new 9-year high peak against Dollar.

• HDFC cuts floating rates on Housing loans by 50 basis points.

• RBI eases overseas investment and loan repayment norms.

• Slowing credit growth makes SBI drop its rights issue.

• Mukesh Ambani set to become richest Indian.

• Inflation drops to 5-year low of 3.23%.

• India wins Twenty20 cricket cup in a dramatic finish.

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