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Forex traders said the crude oil level of $69 per barrel will act as a support for the domestic unit as India, the world’s third-largest oil importer, stands to benefit from cheaper oil. | Photo Credit: The Hindu The rupee traded in a narrow range on Wednesday (September 11, 2024) and appreciated 2 paise to…
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Image for representational purposes only. | Photo Credit: REUTERS The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 2 paise to close at 83.97 (provisional) against the American currency, weighed down by the strengthening of the American currency in the overseas market. Forex traders said the U.S. dollar recovered amid…
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The rupee strengthens against the dollar, supported by a positive equities trend | Photo Credit: The Hindu The Rupee appreciated 8 paise to 83.89 against the U.S. dollar in early trade on Friday (August 9, 2024), supported by a positive trend in domestic equities and a decline in the U.S. dollar index. Forex traders said…
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On August 1, the Rupee declined five paise to settle at 83.73 against the U.S. dollar. | Photo Credit: The Hindu The Rupee turned flat at 83.73 against the U.S. currency on August 2 amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, “the Indian currency found…
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On May 17, the Rupee had settled at 83.37 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.31 against the U.S. dollar on May 21 following a weak greenback against major currencies overseas and softening crude oil prices in international markets. “However, a sluggish trend in…
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At the interbank foreign exchange market, the local unit opened at 83.50 and touched an intraday high of 83.32 and a low of 83.50. | Photo Credit: The Hindu Rupee appreciated 17 paise to close at 83.33 (provisional) against the U.S. dollar on May 17, on positive domestic markets and expectations of some fresh foreign…
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Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in…
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On May 10, the Rupee closed at 83.51 against the American currency. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on May 13, tracking a weak trend in domestic equities and strong American currency. Forex traders said with foreign investors buying U.S. dollars…
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Image for representational purposes only. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 10, as the support from positive domestic equities was negated by elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market and…
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The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8, amid a negative trend in domestic equities and strong American currency. Forex traders said significant…
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