Pritam nominated for Barfi at Asia Pacific Film Festival

 Celebrities
Dec 152012
 

Even before the Oscars take place, here is some good news for the film Barfi. The news is that music director Pritam has now been nominated for the music of the film at the prestigious Asia Pacific Film Festival to be held in Macau. Readers may note that, he is the only Indian musician to be nominated at the award ceremony that will be held during the course of the festival.

For starters, The Asia Pacific Film Festival is an event hosted annually in different Asian Cities by the Board of Directors of the Federation of Motion Picture Producers in Asia-Pacific. This year, the festival will be held in Macau.

Rupee rebounds by 22 points to end at 54.26

 Economy
Dec 112012
 

The author has posted comments on this articlePTI | Dec 11, 2012, 07.20PM IST
MUMBAI: Snapping a two-session losing string, the rupee today bounced back by 22 paise to end at 54.26 on the back of fresh dollar selling by exporters and capital inflows worth about USD 250 million.

A weak dollar overseas ahead of a US Fed policy meeting also aided the rupee recovery while late weakness in domestic equities restricted the rupee’s rise, forex dealers said.

At the Interbank Foreign Exchange (Forex) market, the local unit resumed higher at 54.40 a dollar from overnight close of 54.48, but declined immediately to a low of 54.46.

However, emergence of dollar selling by exporters on hopes of fall in dollar overseas helped the rupee to bounce back to a high of 54.25 before concluding at 54.26 — a rise of 22 paise or 0.43 per cent.

Provisional stock exchange data showed FIIs pumped in Rs 1,309.88 crore (approx. USD 250 million) today.

The rupee sentiment also improved on better-than-expected trade deficit data. “The trade deficit for November narrowed marginally to USD 19.3 billion compared to USD 20.9 billion in previous month,” said Chetan Ahya, MD and Asia Pacific economist at Morgan Stanley in a report.

The dollar index was down by 0.18 per cent against a basket of six major global currencies while New York crude oil was trading below USD 86 a barrel in Europe today.

Pramit Brahmbhatt, CEO, Alpari Financial Services (India) said: “Rupee recovered from initial losses after the markets rebounded from lows to end the day on a flat note.”

Going forward, investors will be closely tracking the important events lined up this week including EU summit, FOMC meet, IIP and inflation data of India, according to Abhishek Goenka, Founder & CEO, India Forex Advisors.

Meanwhile, the Indian stock market benchmark Sensex, which was up by over 200 points in early stages, closed down by 22.55 points on profit-booking.