APN News

  • Wednesday, December, 2019| Today's Market | Current Time: 03:29:53
  • Rupee up 73 paise to seven-week high of 61.73 against dollar

    The rupee appreciated by a further 73 paise to close at an almost seven-week high of 61.73 against the dollar on Thursday as the US currency weakened globally following the budget impasse in Washington and fears of the Fed tapering its stimulus programme receded. Dollar sales by exporters and firm local equities also supported the […]

    Rupee gains 31 paise against dollar

    The rupee rose by 31 paise to 62.15 in early trade on Thursday at the Interbank Foreign Exchange as the dollar weakened against other major overseas currencies. Besides, increased dollar selling by exporters and a higher opening in the domestic equity market also supported the rupee, forex dealers said. The rupee had gained 14 paise […]

    Rupee falls 40 paise against USD

    The rupee fell by 40 paise to 62.91 against the dollar in early trade on Monday, ahead of the June quarter current account deficit data, amid month-end demand for the American currency from oil importers. Besides, euro’s weakness against the US dollar overseas and a lower opening in the domestic equity market also put pressure […]

    Chidambaram: Rupee value should be 59-60 to a dollar

    Asserting that the right value of rupee is 59-60 to a dollar, Finance Minister P Chidambaram on Friday said that government will make all efforts, including extending priority sector status to export credit, to boost shipments. “We think that based on the REER (real effective exchange rate) value, that (59-60) is the right level of […]

    Rupee up 21 paise against dollar in early trade

    Maintaining its rising streak for the third straight day, the rupee on Friday strengthened further by 21 paise to 61.86 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by banks. Forex dealers said besides selling of the American currency by banks and exporters, easing […]

    Rupee gains 37 paise to one-week high of 62.07 vs dollar

    The rupee gained for the second day, adding 37 paise to a one-week high of 62.07 against the dollar on Thursday as the RBI eased swap norms for banks borrowing funds overseas and exporters sold the US currency. Support for the rupee also came from capital inflows on the back of a recovery in local […]

    Rupee up 30 paise against dollar on RBI steps to ease liquidity

    The rupee on Thursday strengthened by 30 paise to 62.14 against the dollar at the Interbank Foreign Exchange market in early trade as RBI plans to take more steps to ease liquidity situation. The rupee on Wednesday settled at 62.44 against the dollar, up 31 paise over the previous close. “The RBI is closely and […]

    Rupee falls 23 paise vs dollar in early trade

    Falling for the third day in a row, the rupee on Tuesday depreciated further by 23 paise to 62.83 against the dollar in early trade at the Interbank Foreign Exchange market on approaching month-end demand for the US currency from importers. Besides, a weak opening in the local equity market put pressure on the domestic […]

    Sensex below 20K, down 363 pts as rate hike fears hits banks

    Falling for the second day, the BSE benchmark Sensex on Monday ended about 363-points lower at 19,900.96 as investors continued to unwind positions in banking, realty and capital goods stocks on heightened fears that the RBI will hike repo rates further to curb inflation. After losing 383 points in the previous session as Reserve Bank […]

    Mayaram: Intrinsic value of rupee could be at 58-60 a dollar

    Finance Ministry today said the rupee should ideally be at 58-60 to a dollar based on the intrinsic value of the domestic currency. “There is something called intrinsic value of rupee. The intrinsic value of rupee comes from its purchasing power. The intrinsic value of rupee in Real Effective Exchange Rate (REER) term could be […]