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Image used for representational purpose only. | Photo Credit: Reuters The rupee surged 38 paise to hit its three-month high level of 83.04 against the U.S. dollar in early trade on June 2 boosted by a robust sentiment in domestic equity markets on the back of strong macroeconomic data and exit poll results showing a…
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The rupee appreciated by 4 paise to 83.06 against the U.S. dollar on May 27, 2024. File | Photo Credit: Reuters The rupee appreciated by 4 paise to 83.06 against the U.S. dollar on May 27, tracking a positive trend in domestic equities, wherein benchmark indices scaled new peaks. Forex traders said the weakness of…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee pared its initial gains and settled for the day 5 paise lower at 83.50 (provisional) against the U.S. dollar on Monday, weighed down by elevated crude oil prices. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the…
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Commerce and Industry Minister Piyush Goyal. File photo | Photo Credit: ANI New Delhi Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He…
The RBI and Bank Indonesia MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries. | Photo Credit: Reuters The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on March 7 in Mumbai for…
At the interbank foreign exchange, the local currency opened at 82.88 and dipped to 82.89 against the greenback, registering a gain of 2 paise from its previous close. Image for representation purposes only. File | Photo Credit: Reuters The rupee appreciated 2 paise to 82.89 against the U.S. dollar in early trade on February 29,…
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The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices. | Photo Credit: RAGHUNATHAN SR The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices….
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At the interbank foreign exchange, the domestic unit opened weak at 83.17 against the dollar and then touched the lowest level of 83.20 against the greenback. File The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices….
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At the interbank foreign exchange, the domestic unit opened at 83.24 against the dollar and then touched an early high of 83.22, registering a gain of 5 paise over its previous close. File | Photo Credit: Reuters The rupee appreciated by 5 paise to 83.22 against the US dollar in early trade on Tuesday supported…
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The rupee depreciated 15 paise to close at 83.21 (provisional) against the U.S. dollar on Tuesday (October 3), as a strong U.S. dollar and weak domestic equities dented investor sentiments. Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee. At the interbank foreign exchange market, the local…
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