Free Press Journal
  • rupees-indian

    RBI sets rupee reference rate at 66.11 against dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 66.11 against the US dollar and 70.77 for the euro. These rates were 66.11 and 70.39, respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 101.03 and 53.62 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee rate will be based on this rate,

  • NSE Nifty

    Nifty opens above 7850, Sensex gains 150 pts

    Mumbai: The market on Thursday opened higher after a sharp slide in the Wednesday’s trade. The Sensex gained 165.64 points or 0.6 percent at 25648.16 and the Nifty surged 48.50 points or 0.6 percent at 7780.30. Hero MotoCorp, Maruti, ICICI Bank, Bajaj Auto and Vedanta were noted amongst top gainers in the Sensex. Among the losers were GAIL and Mahindra and Mahindra.

  • Sensex

    Sensex rebounds 184 pts in early trade on Asian cues

    Mumbai: The benchmark BSE Sensex rebounded by over 184 points in early trade today following a flurry of buying by investors amid positive Asian cues. A strong reading in the rupee, rising by over 20 paise against the dollar in early trade, also supported the gains.

  • MAKE IN INDIA

    Bring skill exports into limelight

    The Prime Minister has been promoting “Make in India” during his visits to foreign countries. It is indeed necessary to push our exports in an increasingly globalised world. The question is whether we push for exports of manufactured goods or of services. The difficulties to be faced in increasing the exports of manufactured goods can be seen in the emerging crisis in China. The demand for Chinese goods in the developed countries

  • Rupee up

    Rupee recovers 4 paise to end at 65.27 vs USD

    Mumbai: After a brief pause, the rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks and exporters on the back of lower greenback overseas. The rupee resumed higher at 65.26 per dollar as against the last closing level of 65.31 at the Interbank Foreign Exchange Market and firmed up further to 65.11 on selling of the US currency by banks before

  • rupee-notes

    Rupee up 7 paise against dollar in early trade

    Mumbai: The rupee recovered by 7 paise to 65.24 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters. Besides, a higher opening of the domestic equity market and weakness in dollar against other currencies supported the rupee, forex dealers said. The rupee had lost 38 paise to close at over three-wee low of 65.31 against the US dollar yesterday on month-end demand for the American currency from importers

  • Rupee weakens by 27 paise on strong dollar demand

    Mumbai: The rupee depreciated by 27 paise to 65.20 against the dollar in early trade today on strong month-end demand for the US currency from importers. Forex dealers said dollar strengthening against other currencies overseas after the US Federal Reserve signalled it may raise interest rates in December weighed on rupee sentiment. Stock markets opening with losses too put pressure on the domestic unit. The rupee had recovered by 4 paise to close at 64.93 per dollar yesterday at the Interbank Foreign

  • Rupee down

    Rupee down 12 paise against dollar in early trade

    Mumbai: The rupee weakened by 12 paise to 65.09 against the dollar in early trade today due to month-end demand for the US currency from importers. Besides, the dollar’s gain against other currencies overseas and a lower opening in the domestic equity market put pressure on the rupee, forex dealers said. Yesterday, the rupee ended barely steady at 64.97 per dollar at the Interbank Foreign Exchange market. Meanwhile, the benchmark BSE Sensex dropped by 156.11 points, or 0.57 per cent, to 27,097.33

  • Rupee down

    Rupee down by 3 paise against USD in early trade

    Mumbai: The rupee was marginally down by three paise at 64.99 against the dollar in early trade today due to month-end demand for the US currency from importers. Besides, a lower opening in domestic equity markets kept pressure on the rupee, forex dealers said. However, dollar was weak against other currencies overseas which capped the losses, they added. The rupee had ended lower by 13 paise at 64.96 against the US dollar at Interbank Foreign Exchange market yesterday. Meanwhile, the benchmark BSE

  • Rupee ends marginally higher at 64.80 vs USD

    Mumbai : Continuing its rising streak for the fourth straight session, the rupee on Monday  ended marginally higher against the American currency at 64.80 on selling of dollars by banks and exporters in view of firm trend in equity market.  Persistent foreign capital inflows mainly boosted the rupee value against the dollar, a forex dealer said. The domestic unit opened higher at 64.77 per dollar as against last Friday’s closing level of 64.81

  • rupee up

    Rupee recovers 15 paise to end at 65.03 vs US dollar

    Mumbai: Snapping its two-day losing streak, the rupee today regained 15 paise to close at 65.03 per dollar on fresh selling of the American currency by banks and exporters on the back of weakness in greenback overseas. The rupee resumed higher at 65.11 per dollar as against yesterday’s level of 65.18 at the Interbank Foreign Exchange (Forex) market and firmed up further to 65.00 before concluding at 65.03, showing a gain of 15 paise 0.23 per cent. The domestic currency had

  • Indian Rupee

    Rupee ends at 65.41 vs US dollar, down 12 paise

    Mumbai: Snapping its last 5-day winning spree against the US dollar, the rupee today fell by 12 paise to close at 65.41 on fresh demand for the American currency from banks and importers on the back of higher greenback overseas. However, good foreign capital inflows in view of strong domestic equity market failed to restrict the rupee fall, a forex dealer said.

  • Sensex pares gains; rupee at 4-wk high

    Fed’s decision to stand pat assuages concern of immediate fund outflow; equities gain as investors turn their focus towards the RBI for a rate cut (more…)

  • Rupee

    Rupee firms up by 46 paise against dollar in morning deals

    Mumbai: The Indian rupee firmed up further from its early gains by 46 paise to 66 against the American currency in late morning deals on heavy dollar selling from banks and exporters amid surging equities. The forex market was closed yesterday on account of Ganesh Chaturthi. The domestic unit resumed higher at 66.15 as against Wednesday’s closing of 66.46 at the Interbank Foreign Exchange (Forex) market. It hovered in a range of 66.22 to 66.01 during the morning deals. It was quoting

  • Economy

    Three Rs – rains, rupee, reforms – sustain equities rally

    Mumbai: A global relief rally fuelled by hopes of a Chinese government’s stimulus, coupled with hopes of a better monsoon performance, a strengthening rupee and push for domestic reforms buoyed Indian equity markets to gain around two percent during the week just-concluded. The barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) gained by 408.31 points or 1.62 percent in the weekly trade ended September 11.

  • Government keeping close watch on rupee movement : Nirmala Sitharaman

    New Delhi : Commerce and Industry Minister Nirmala Sitharaman has said that the Centre is keeping a close watch on the rupee movement and its impact on the country’s trade. Talking to reporters in New Delhi on Friday, Sitharaman said global demand is not rising and this is impacting the country’s exports. She added that along with incentives to exporters, global demand would have to pick up in order to boost the country’s exports. Replying

  • Sensex rises as rupee recovers

    Mumbai : Market benchmarks — Sensex and Nifty — regained the crucial 25,000 and 7,600 levels, respectively, tracking a rebound in global markets. The rupee rebounded from a two-year low against the dollar to close at 66.55.

  • India Market: Challenge and opportunity

    Okay, stock markets are more or less back where they were when Narendra Modi took over as prime minister last May. And the rupee too has lost a fair amount of value. So, if you are Rahul Gandhi, you will rush to blame Modi for the slump. But since it is not your business to see these things through the prism of partisanship, induced, no doubt, by a refusal to come to

  • Rupee closes 22 paise lower against USD

    Mumbai: Continuing to fall for the second consecutive day, the rupee declined by 22 paise to settle at 66.46 against the US dollar on persistent demand for the American currency from banks and importers amidst foreign capital outflows. Besides, a sharp fall in equity markets affected the rupee value against the dollar.