Free Press Journal
  • Rupee extends losses, falls 8 paise against US dollar

    Mumbai: The rupee extended morning losses and dropped 8 paise to 66.20 in against the American currency following sustained bouts of dollar demand from importers and banks amid higher dollar overseas.

  • Rupee cracks below 66-mark, falls 25 paise against US dollar

    Mumbai: Rupee weakened by 25 paise to breach the 66-level and hit its 13-month low of 66.05 against the US dollar in the early trade today due to appreciation of the US currency overseas. Increased demand for the dollar from importers also put pressure on the domestic unit.

  • Rupee gains 3 paise against dollar in early trade

    Mumbai: The rupee strengthened by 3 paise to 64.94 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by banks and exporters. Forex dealers said, besides selling of the greenback by banks and exporters, dollar’s weakness against some other currencies overseas backed the rupee but a lower opening of domestic equity markets, capped the gains. Yesterday, the rupee had ended higher

  • Rupee up 9 paise against dollar on Fed rate hike

    Mumbai: The rupee rose 9 paise against the US dollar to 65.12 in early trade at the interbank forex market today amid weakness in the greenback after the US Fed raised benchmark lending rate by 25 bps. The rupee rose 9 paise against the US dollar to 65.12 in early trade at the interbank forex market today amid weakness in the greenback after the US Fed raised benchmark lending rate by 25 bps. The

  • Rupee inches 2 paise higher to 64.92 against dollar

    Mumbai: The rupee edged 2 paise higher to 64.91 against the American currency in late morning deals on bouts of dollar-selling from banks and exporters. The rupee opened lower at 64.98 against the dollar after yesterday’s close of 64.93 at the inter-bank foreign exchange here. The domestic unit swung between gains and losses and hovered between 64.88 and 64.98 in morning deals. It was trading at 64.91 at 1030 hrs. ‘The dollar gains overseas influenced

  • Rupee drops 11 paise against US dollar to 65.00

    Mumbai, Mar 14 (PTI)  The rupee pared its initial gains to slip 11 paise to 65.00 against the American currency in late morning deals, following a sudden bout of dollar demand from importers and banks amid lower equities. The rupee opened a tad higher at 64.88 per dollar as against yesterday’s close of 64.89 at the inter-bank foreign exchange here. The domestic unit witnessed volatility and hovered between a high of 64.86 and a

  • Day after Budget 2018, rupee slide continues, down 16 paise against dollar

    Mumbai: The rupee depreciated by another 16 paise to 64.18 against the dollar in early session at the interbank foreign exchange today due to concerns over widening fiscal deficit. The Centre yesterday introduced a long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh, resulting in volatility in forex market. Forex dealers said that besides increased demand for the American currency from importers, a lower opening

  • Rupee weakens 9 paise against dollar in opening trade

    Mumbai: The rupee weakened by 9 paise to trade at 63.67 against the US dollar in the opening session at the interbank foreign exchange today amid the dollar’s gains in global markets. Forex dealers said increased month-end demand from banks and importers and a weak opening in the domestic equity markets weighed on the domestic unit.

  • Rupee down 3 paise vs USD in late morning deals

    Mumbai: The rupee pared initial losses against the US dollar to trade at Rs 64.73, still down by 3 paise in late morning deals on persistent month-end dollar demand from importers and banks amid lower domestic equities.

  • BSE Sensex

    Sensex trades high, takes retail inflation in stride

    Mumbai: The Sensex tested the 33,000 level in opening trade today after some value-buying in select stocks despite retail inflation rising to 7-month high in October. The rupee’s modest recovery against the dollar and a mixed global trend were the other deciders. Retail or CPI inflation rose to 7-month high of 3.58 percent in October, driven up by costlier food items, particularly vegetables.

  • 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.

  • Markets on fire: Sensex, Nifty & Rupee scale new heights

    Mumbai: The BSE Sensex shot up by over 128 points to 30,071.61 and the NSE Nifty scaled 9,343.15 — both lifetime highs — in opening trade on Wednesday on sustained buying by retail investors amid high foreign fund inflows. Encouraging earnings and positive Asian cues also contributed to the stellar show of the bourses.

  • RBI’s admirable role saved rupee from becoming unstable: NITI

    New York : The RBI played an “admirable role” in bringing “incredible” stability to the rupee in the face of demonetisation and global upheavals like Brexit and the US elections, NITI Aayog Vice Chairman Arvind Panagariya has said.

  • GST and rupee likely to chart markets’ direction

    Mumbai : The central government’s efforts to build consensus on the countours of the Goods and Services Tax (GST), along with rupee fluctuations and volatility in global crude oil prices, are expected to set the course for the Indian equity markets in the upcoming week.

  • Prospects of rate cut bleak as dollar, crude rise: Assocham

    New Delhi : The prospects of interest rate cut in near future may be bleak due to factors like continuous pressure on rupee against dollar, firming of the US rates and hardening of crude oil prices, according to a report.

  • Old `500/1000 exchange now only at RBI counters

    New Delhi : Banned 500 and 1,000 rupee notes will continue to be exchanged for new currency at RBI counters even after the facility was withdrawn from all banks, reports PTI. The government had on Thursday announced that the demonetised 500 and 1,000 rupee notes can no longer be exchanged at bank counters and any holdings will necessarily have to be deposited in bank accounts.

  • Rupee down

    Domestic market: Rupee cracks 68-level, tumbles 32 paise

    Mumbai: The rupee took a sharp plunge of 32 paise to crash below the 68-mark against the US dollar in early trade today on higher dollar demand from importers after the American currency strengthened overseas coupled with lower opening in the domestic stock market.

  • Official: Half of ATMs to be recalibrated by next week

    New Delhi : With seemingly never-ending queues in front of banks and post offices, the government on Wednesday said it will take one more week to recalibrate half of the cash vending two lakh ATMs to dispense the new 500 and 2,000 rupee notes, reports PTI. An official said the government has stepped up printing of new 500 rupee notes so that it can be made available to people.At present, the ATM withdrawal

  • Raghuram-Rajan

    Current position of rupee is pretty reasonable: Rajan

    Hyderabad: RBI Governor Raghuram Rajan today said the current level of the rupee is “pretty reasonable” and any attempt to devalue it may lead to a surge in inflationary pressures and “offset any benefits”. He also said that India has to go a long way to reach the per capita GDP level of China and needs many more years of  sustainable strong growth.

  • Jaitley: Concerned on rupee, want it to reflect real value

    NEW DELHI:  Finance Minister Arun Jaitley said that the government is certainly concerned about the UK’s exit from the European Union having an impact on the Indian currency, and wants the rupee to reflect its real value.  He also said India is keeping its fingers crossed on the US Federal Reserve’s decision on interest rates in their next monetary policy review in July.