Free Press Journal
  • Rupee recovers 28 paise against US dollar in early trade

    Mumbai: The rupee Wednesday rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks. Besides, dollar-selling by exporters and banks, easing crude prices in the global market and weakness in the dollar against other currencies overseas, helped the domestic currency rebound, forex dealers said.

  • BJP can’t afford not to relent on oil prices

    The crisis on the oil front is unmistakably serious but there are redeeming features which make it look less serious than it did in 1991 when foreign exchange reserves were sufficient for only a few weeks’ imports and in 2008 in the wake of the Lehman Brothers’ collapse and the global financial crisis.

  • Rupee recovers 10 paise against US dollar in early trade

    Mumbai: After a weak start, the rupee Tuesday recovered 10 paise to 72.41 against the US dollar amid volatility in early trade on fresh selling of the US currency by exporters and banks. The rupee, after opening lower at 72.65 against the US dollar, quickly recovered to trade 10 paise higher at 72.41 at the Interbank Foreign Exchange.

  • Falling rupee, soaring oil prices & rising worries

    It’s been a waterfall like slide for the rupee against the US dollar over the past few months. Last week, the rupee crashed below the 72-mark to end at a life low of 72.69 against the US dollar on growing fears of a rebound in oil prices and escalation of global trade war. The domestic currency’s previous all-time closing low was 68.73, touched on November 24, 2016.  Earlier in June, when the

  • Rupee again breaches 72-mark, down 81 paise in early trade

    Mumbai: The rupee depreciated 81 paise to 72.65 against the dollar in early trade Monday at the forex market, despite the government’s steps to stem a steep fall in the currency, amid reports that the US could announce a new round of tariffs on Chinese imports later in the day.

  • Grapple with the rupee & oil but don’t panic

    The big news this week was on two key prices. One is the price of the almighty dollar, and the other is the price of petrol (or diesel). These two are the most important price signals in the economy.  And both are of imported items. India has a huge shortage of oil since domestic supplies meet barely one fifth of our requirement. We also have a perennial shortage of dollars, because what

  • Rupee recovers on hopes of policy intervention

    Mumbai : The rupee on Friday surged by another 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.

  • Rupee sinks to new low of 72.91, drops 22 paise against US dollar

    Mumbai: The rupee Wednesday collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and uanabated foreign fund outflows.

  • Rupee touches fresh record low of 72.69

    Mumbai : The embattled rupee plummeted 24 paise against the US dollar to end at a new record low of 72.69, due to a rebound in crude oil prices and capital outflows amid intensifying global trade war concerns. The rupee had a positive start and touched a high of 72.25 versus the dollar in early morning deals. But, it suddenly collapsed to hit a fresh record low of 72.74. However, the swift

  • Rupee continues its free fall hits record low of 72.73, drops 28 paise against US dollar

    Mumbai: Continuing its slide, the rupee Tuesday hit yet another record low of 72.73 against the US dollar, falling 28 paise in late afternoon trade on strengthening American currency as crude oil prices went past the USD 78 a barrel mark. Besides, unabated foreign fund outflows, sharp plunge in domestic equities with the benchmark Sensex crashing by over 500 points, too, weighed on the domestic unit, dealers said.

  • 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

  • Rupee hits lifetime low of 72.18, drops 45 paise against US dollar

    Mumbai: The rupee on Monday slumped to a fresh record low of 72.18 by falling 45 paise against the US dollar on strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat jobs data.

  • RBI likely to conduct OMO this week to ease liquidity

    Mumbai : The Reserve Bank of India (RBI) is likely to conduct an open market operation (OMO) purchase this week to infuse liquidity into the banking system, which is further going to tighten on account of advance tax payments, say bankers.

  • Rupee snaps 7-day falling streak on RBI intervention

    Mumbai : The rupee on Friday staged a turnaround to close higher by 26 paise at 71.73 against the US dollar, snapping its seven-session losing streak after heavy intervention by the Reserve Bank.

  • Sensex drops 140 points as rupee hits new low

    Mumbai: Falling for the sixth straight session, the BSE Sensex shed about 140 points Wednesday to close at an over two-week low of 38,018.31 as investor sentiment remained bearish amid a plunging rupee and weak global cues. The rupee crashed to a fresh record low of 71.96 against the US dollar in intra-day trade on the back of rising bond yields and crisis in emerging market currencies. Market sentiment was further dampened after a

  • Rupee recovers from all-time low, up 20 paise against US dollar      

    Mumbai: The rupee recovered from its all-time low of 71.58 and strengthened by 20 paise to 71.38 against the US dollar in opening trade at the interbank foreign exchange market Wednesday on fresh foreign capital inflows. The domestic currency had lost 37 paise to end at a fresh lifetime low of 71.58 against the resurgent dollar Tuesday as persistent trade worries and macro concerns continued to proliferate.

  • Govt wants rupee to stabilise on its own

    New Delhi : With the rupee hitting a fresh low, the government on Tuesday said the currency will stabilise on its own as there are no domestic factors contributing to this depreciation. The rupee hit a life low of Rs 71.57 to a US dollar earlier on Tuesday, making imports costlier and putting price pressures.