Free Press Journal
  • 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500 and 1,000 rupee notes will continue to be exchanged for new currency at RBI counters even after the facility was withdrawn from all banks, reports PTI.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.

  • Rupee hits new 3-week high, jumps 20 ps to 66.77

    Mumbai : The rupee continued to rule firm against the American currency for the fourth day, moving up by another 20 paise to close at a fresh three-week high of 66.77 on sustained selling of dollars by banks and exporters amid strong recovery in domestic equities.

  • Rupee strengthens to 1-wk high, up 14 paise to 67.03

    Mumbai: Extending its gains for the third straight day, the rupee on Friday appreciated by 14 paise against the American currency to end at one-week high of 67.03 on the back of robust dollar inflows in equities. The domestic currency was further supported by unwinding of long-dollar positions by speculators and exporters. At the Interbank Foreign Exchange (Forex) market, the domestic unit opened firmly higher at 67.02 compared to Thursday’s finish of

  • Re continues to rise, gains 16 ps to 67.17

    Mumbai : The rupee on Thurday strengthened for the second consecutive session against the dollar by rising 16 paise to 67.17 on sustained selling of the American currency amid a continued rally in domestic equities.

  • Rupee free fall continues, plunges 26 paise to 67.75

    Mumbai : The rupee continued its incessant free fall for the ninth straight day today by dropping 26 paise to end at a fresh 2-1/2 month low of 67.75 on sustained demand for the American currency.

  • Rupee gains 38 paise against dollar in early trade

    Mumbai: The rupee strengthened by 38 paise to 66.84 against the dollar at the Interbank Foreign Exchange in early trade today on increased selling of the US currency by exporters and banks amidst higher opening in the domestic equity market. Besides, weakness in the dollar against other currencies overseas after the Federal Reserve kept interest rates unchanged, supported the rupee.

  • Rupee down 5 paise against dollar in early trade

    Mumbai: The rupee depreciated by 5 paise to 67.43 against the US dollar at the Interbank Foreign Exchange in early trade today due to increased demand for the American currency from importers amid a lower opening of the domestic equity market.

  • Indian Rupee

    Rupee slips 15 paise against dollar

    Mumbai: The rupee today lost another 15 paise to 67.50 against the dollar in early trade at the inter-bank foreign exchange market due to appreciation of the US currency overseas. Sustained demand for the dollar from importers too weighed.

  • Rupee firms up 57 paise to 3-week high of 67.85

    Mumbai : The rupee on Tuesday logged this year’s biggest single day gain of 57 paise to close at a nearly three-week high of 67.85 against the American currency on fresh selling of dollars by banks and exporters in view of sharp recovery in the domestic equity market. Weakness of dollar in the overseas market also boosted the rupee value against the dollar, a forex dealer said.

  • Rupee’s free fall continues; ends at 30-mth low of 68.47

    Mumbai : In a highly volatile trade, the rupee today plummeted to a 30-month low of 68.67 against the US dollar but made some fag-end recovery to close at 68.47, still down 9 paise, in line with a late rebound in domestic equities.  It has lost 40 paise or 0.58 % in two days.

  • Sensex logs first weekly gain of 2016 on Japan stimulus

    Mumbai : Equities jumped along with the rupee, tracking rally in global markets after Bank of Japan surprised with a negative interest rate policy while investors creating fresh positions following start of new derivatives series also perked up the sentiment.  Covering up of positions by speculators, fearing a further run-up in coming sessions, also helped key indices rise.

  • Rupee breaches 67-mark, falls 18 paise against dollar

    Mumbai: The rupee again breached the 67-mark by depreciating 18 paise to 67.06 against the dollar in early trade today at the Interbank Foreign Exchange, mainly on strong demand for the American unit from importers and some banks amid a lower opening of the domestic equity market.

  • Maruti to hike prices by up to Rs 20,000

    New Delhi : Country’s largest carmaker Maruti Suzuki India will hike prices of its vehicles across models by up to Rs 20,000 from January to offset impact of rising costs and weakening of rupee against dollar, joining rivals in making such a move.