Free Press Journal
  • Rupee recovers 15 paise against US dollar in early trade

    Mumbai: The rupee Tuesday opened on a positive note by inching 15 paise higher at 72.30 against the US dollar amid increased selling by banks and exporters. Besides, dollar’s weakness against some currencies overseas including the euro also supported the rupee, dealers said. The rupee on Monday slumped to new record low of 72.67 a dollar in intra-day trade before closing at 72.45, showing a steep 72 paise fall on growing fears of

  • Indore: GST refund worth Rs 96.45 cr made to 3129 taxpayers in 18 days

    Indore: Addressing the major demand of traders and exporters to release their GST refund, the state goods and service tax (SGST) department cleared refund claims worth Rs 96.46 crore. The department had launched special 15-day drive to redress grievance of businessmen. Though the special drive concluded on Monday, the refund drive will continue.

  • ASSOCHAM solicits relief for exporters under GST

    New Delhi: In lieu of the 23rd meeting of the Goods and Services Council in Guwahati starting Thursday, the ASSOCHAM recommended examining the impact of the taxation scheme on exports in a bid to help exporters receive their tax refunds without any further delay.

  • Indore: Govt hints at introducing e-wallet for GST hit exporters

    Indore: Government may consider introducing e-wallet to give relief to exporters from glitches of the GST.  Micro and small exporters are particularly the bad hit, as the availability of credit and more so, the cost of credit is adversely impacting them. According to sources, many are now on the verge of borrowing money to pay GST.

  • Rupee hits fresh 2-year high of 63.65 against dollar

    Mumbai: The rupee strengthened by 5 paise to trade at a fresh two-year high of 63.65 against the dollar, buoyed by hopes of more capital inflows, coupled with more selling of the American currency by banks and exporters.

  • Re rebounds on dollar retreat, goes up 12 paise

    Mumbai : Helped by a weaker US dollar in overseas markets, the rupee today recovered by 12 paise to close at 67.91 per dollar on selling of the American currency by banks and exporters.

  • Brexit likely to hit engg exports: EEPC

    Mumbai : Since European Union accounts for nearly a fifth of India’s engineering exports, the impending exit of the UK from the union is likely to have a deep impact on India, exporters said.

  • IBJA partners BSE for first physical gold exchange

    Mumbai : A bullion association and premier bourse BSE signed an agreement to set up the country’s first physical gold exchange, providing a platform for transparency in trading of the precious metal.

  • Govt. takes measures to curb alarming ‘pulse’ prices

    New Delhi : With the common man crying out over the alarming hike in prices of pulses, the Government on Sunday enabled imposition of stock limits on pulses sourced from imports, stocks held by exporters, stocks to be used as raw-materials by licensed food processors and stocks of large departmental retailers.

  • Rupee bounces back, gains 55p

    Mumbai : Regaining its strength, the rupee appreciated by 55 paise on Tuesday –  its biggest single-day gain in over seven months to close at 66.10 against the US dollar on heavy selling of greenback by exporters and banks.

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    Rupee firms up 16 paise against dollar

    Mumbai: The rupee appreciated 16 paise to 63.92 against the US dollar in early trade at the Interbank Foreign Exchange today on fresh selling of the American currency by exporters and banks. Besides, strengthening of the euro against the dollar in overseas market on solid German data supported the rupee, but a lower opening in the domestic equity market limited the gains, forex dealers said. The rupee had tumbled 33 paise to end at a 4-week low of 64.08 against the American currency in

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    Rupee rises for third session vs USD, up 14 paise

    Mumbai: Continuing its rising trend for the third straight day, the rupee today rose by another 14 paise against the American currency to close at 63.51 on sustained selling of dollars by banks and exporters amid gains in equities. Banks and exporters preferred to reduce their dollar position on expectation of more foreign capital inflows in view of recovery in the equity market. At the Interbank Foreign Exchange, the domestic unit resumed strong at 63.50 a dollar

  • Rupee ends two paise higher at 60.93 vs dollar

    Mumbai : Snapping a two-day declining trend, the rupee today managed to end two paise higher at 60.93 against the greenback after late dollar demand and negative cues from stocks washed out a major part of mid-session gains.