APN News

  • Thursday, March, 2024| Today's Market | Current Time: 05:00:36
  • 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 […]

    Rupee down 20 paise against dollar in early trade

    The rupee fell by 20 paise to 62.43 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on demand from importers for the US currency amid a lower opening in the domestic market. Forex dealers said besides fresh demand for the American currency from importers, a hike of 25 basis […]

    Rupee falls 46 paise to 62.23 against dollar after RBI raises key rate

    The rupee fell 46 paise to close at 62.23 against the dollar on Friday, in line with a sharp decline in local stocks, after a surprise hike in a key lending rate by the RBI. Governor Raghuram Rajan also partially eased liquidity-tightening measures that were introduced in July to curb volatility in the currency market. […]

    Rs jumps 158 paise to 1-month high vs USD as Fed defers taper

    The rupee on Thursday zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar at the Interbank Foreign Exchange market on hopes of increased capital inflows after the US Federal Reserve’s surprise decision to keep its stimulus programme intact. The rupee had settled just a paise lower at 63.38 against […]

    Rupee down 9 paise against dollar in early trade

    The rupee on Wednesday fell by 9 paise to 63.46 against the dollar in early trade today at the Interbank Foreign Exchange market due to renewed dollar demand from importers and appreciation of the US currency. Besides dollar’s gains against other currencies, as investors await the outcome of a US Federal Reserve meeting, increased demand […]

    Rupee falls 60 paise against dollar in early trade

    The rupee on Tuesday fell by 60 paise to 63.43 against the dollar in early trade at the Interbank Foreign Exchange market as the US currency gained strength overseas. Forex dealers said besides dollar’s gains against other overseas currencies, rise in wholesale price inflation for August and fresh demand from importers for the American currency […]

    Rupee down 65 paise against dollar in early trade

    The rupee on Friday fell by 65 paise to 64.15 against the dollar in early trade, extending Thursday’s weakness, at the Interbank Foreign Exchange market on fresh demand from importers for the US currency amid its strengthening overseas. Forex dealers said besides dollar gaining against other currencies in the global markets ahead of a US […]

    Rupee gains 43-paise vs dollar in early trade

    The rupee on Thursday strengthened further by 43-paise to trade at fresh three-week high of 62.95 against the dollar in early trade boosted by consistent capital inflows and dollar sales by exporters. The domestic currency has spurted by 425-paise or 6.28 per cent in last five straight sessions. The rupee had gained 46-paise to close […]

    Rupee up 16 paise against dollar in early trade

    The rupee on Wednesday extended gains for the fifth session in a row by appreciating 16 paise to 63.68 against the dollar in early trade at the Interbank Foreign Exchange market amid weakening US currency overseas. The rupee had settled at 63.84 against the dollar yesterday and was up 140 paise over the previous day’s […]

    Rupee up 99 paise against dollar in early trade

    The rupee continued to rule firm for the fourth straight day by surging further by 99 paise to 64.25 per dollar on persistent selling of US currency by banks and exporters in view of sustained foreign capital inflows on the back of strong equity market. The rupee resumed higher at 64.40 against the last weekend’s […]