Tag: Forex trading

Rupee falls 2 paise to all-time low of 84.13 against U.S. dollar in early trade

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Rupee falls 2 paise to all-time low of 84.13 against U.S. dollar in early trade

Representational image. | Photo Credit: The Hindu In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments. Forex traders said all eyes are on the U.S….

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Rupee turns flat at 84.07 against US dollar in early trade

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Rupee turns flat at 84.07 against US dollar in early trade

Representational image | Photo Credit: REUTERS The rupee stayed in a straightjacket for yet another week, trading at its near all-time low of 84.07 against the US dollar on Friday (October 25, 2024) amid firm American currency and unprecedented foreign fund outflow. Forex traders said, the indication of some recovery in domestic equity markets prevented…

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RBI adds 13 firms to its alert list of unauthorised Forex trading platforms

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RBI adds 13 firms to its alert list of unauthorised Forex trading platforms

File image. | Photo Credit: Reuters The Reserve Bank of India (RBI) on Tuesday (October 22, 2024) added 13 entities/platforms/websites to the Alert List of unauthorised Forex trading platforms. These include: Ranger Capital https://www.rangercapital.net TDFX https://www.tdfx.exchange  Inefex https://www.inefex.com/international  YorkerFX https://yorkermarkets.com Growline https://grow-line.org  Think Markets https://www.thinkmarkets.com  Smart Prop Trader https://www.smartproptrader.com  FundedNext https://fundednext.com Weltrade https://www.weltrade.com  FreshForex https://freshforex.com  FX Road https://www.fxroad.com  DBG Markets https://www.dbgmarketsglobal.com  Plusonetrade https://www.plusonetrade.com Published – October 22, 2024…

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Rupee trades in narrow range against U.S. dollar in early hours

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Rupee trades in narrow range against U.S. dollar in early hours

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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Rupee falls 2 paise to close at 83.97 against U.S. dollar

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Rupee falls 2 paise to close at 83.97 against U.S. dollar

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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Rupee turns flat at 83.87 against U.S. dollar in early trade

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Rupee turns flat at 83.87 against U.S. dollar in early trade

A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The Indian rupee pared its initial gains and turned flat at 83.87 against the U.S. dollar in early trade on Tuesday (August 20, 2024), as positive domestic equity markets and a weak American currency…

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Rupee settles 4 paise lower at 83.96 against U.S. dollar

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Rupee settles 4 paise lower at 83.96 against U.S. dollar

The rupee finally settled at 83.96 (provisional) against the American currency, down 4 paise from its previous close. File | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day lower by 4 paise at 83.96 (provisional) against U.S. dollar on Wednesday (August 7, 2024), weighed down by a recovery…

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Rupee slips to all-time low of 83.80 against U.S. dollar in early trade

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Rupee slips to all-time low of 83.80 against U.S. dollar in early trade

Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS Rupee opened on a muted note and fell to an all-time low of 83.80 against the U.S. dollar on August 5, as the risk off situation in world markets kept the dollar well bid. Forex…

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