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Forex reserves dip $144 million
The country’s foreign exchange reserves fell by $144 million for the week ended December 25, 2009, mainly due to revaluation of currencies. The rupee ended the week at Rs 46.65 to the dollar as against Rs 46.73 at the end of the preceding week.

Fire & engg policies dearer by 25%
Non-life insurers earlier offered discounts as high as 97 per cent in some cases.

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A new city of art
Abu Dhabi could well be the major draw in Asia for its focus on promoting art and culture.
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Markets have a sedate start

Considering the weak US and Asian cues, our markets have opened on a quiter note. The Sensex is quoting at 16,714, down 71 points, and the Nifty is at 4962, down 26 points. - US markets end weak - Sensex falls most in two weeks - Spice Finance plans to buy 15% in NMCE - Sensex sheds 213pts on profit booking - Sensex ends down 226pts - Sensex tumbles over 250pts The top Sensex losers are ICICI Bank (weaker by 1.4% at RS 873), M&M (down 1.2% at Rs 1,001) and SBI (lower by 1.1% at Rs 2,253). DLF and Reliance Infrastructure have shed slightly more than 1% each. The leading Sensex gainers are ONGC (higher by 0.5% at Rs 1,169), NTPC (firmer by 0.4% at Rs 214) and Grasim (up 0.2% at Rs 2,280). The market breadth is weak. Out of 1,345 stocks traded on the BSE, there are 573 advancing stocks as against 724 declines.


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