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Tuesday, October 19, 2010

Share Market News: Coal India IPO, L&T, Rupee, Dollar Euro

Engineering conglomerate Larsen & Toubro Ltd on Monday maintained its revenue growth forecast at 20 percent for the year to March 2011.
 
State-run Coal India's up to $3.5 billion Initial Public Offering (IPO) was roughly 32 percent covered by early afternoon on Monday, the first day of bids, stock exchange data showed.
 
Petronet LNG Ltd., India's biggest importer of liquefied natural gas, will receive three cargoes of the fuel in the coming
Engineering conglomerate Larsen & Toubro Ltd on Monday maintained its revenue growth forecast at 20 percent for the year to March 2011. 

The rupee opened down on Monday tracking losses in Asian currencies.

Yields on India's 10-year government bonds are poised to rise above the inflation rate for the first time since January as the central bank tames prices.

The battered dollar rose on Monday, edging further away from a 10-month low, while Asian stocks pulled back from a two-year high as markets awaited details of a widely expected easing in U.S. monetary policy.

Oil declined for a third day in New York, its longest slide in a month, on a stronger dollar and concern that U.S. fuel consumption is rebounding too slowly.

The European Union's monetary affairs chief urged member states to agree on tough budget reforms on Monday after some countries said enthusiasm for far-reaching change was waning.

Yields on India's 10-year government bonds are poised to rise above the inflation rate for the first time since January as the central bank tames prices.

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