Tag: India’s foreign exchange market

Rupee rises 11 paise against US dollar in early trade

April 4, 2024 admin

The rupee witnessed a rebound in early trade on Thursday, April 4, 2024 and appreciated 11 paise to 83.42 against the US dollar, supported by positive domestic equities. Elevated crude oil prices and sustained foreign fund outflows also dented investor sentiments, forex traders said. Moreover, market participants remained cautious ahead of the Reserve Bank’s rate-setting…

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Rupee turns flat against US dollar in early trade

February 28, 2024 admin

At the interbank foreign exchange, rupee opened at 82.90 on Feb. 28, and then inched up to trade at the previous day’s closing level of 82.89 against the greenback. | Photo Credit: The Hindu The rupee turned flat at 82.89 against the US dollar in early trade on Wednesday, February 28, 2024, resisting pressure amid…

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Rupee rises 3 paise in early trade

October 11, 2023 admin

According to an analyst, the rupee traded within a narrow range even after more updates came in on the escalating conflict in Israel. File photo | Photo Credit: S.R. Raghunathan The rupee appreciated 3 paise to 83.22 against the US dollar on Wednesday, October 11, 2023, tracking cues from positive equity markets and a weaker American…

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Rupee rises 4 paise to 83.21 in early trade

October 6, 2023 admin

A forex dealer in Bombay looks at a graph on the movement of the rupee trade. File photo | Photo Credit: Reuters The rupee appreciated by 4 paise to 83.21 against the US dollar in early trade on Friday, October 6, 2023, on positive cues from the equity market ahead of the RBI’s interest rate…

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Rupee falls 4 paise to 83.24 against US dollar

October 4, 2023 admin

The rupee depreciated 4 paise to 83.24 against the US dollar in early trade on Wednesday, October 4, 2023, as the strength of the American currency and a weak trend in domestic equities exerted pressure on the local unit. Forex traders said sustained foreign fund outflows further dented investor sentiments. At the interbank foreign exchange,…

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Rupee falls 8 paise in early trade

September 26, 2023 admin

The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday, September 26, 2023 amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices ¬ hovering…

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Rupee rises 5 paise to close at 83.06 against U.S. dollar

September 21, 2023 admin

Image used for representational purpose only. | Photo Credit: PTI The rupee consolidated in a narrow range and settled 5 paise higher at 83.06 (provisional) against the U.S. dollar on September 21 as crude oil price receded from its elevated level. The rupee was also weighed down by a rising dollar index, following hawkish comments…

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Rupee trades in narrow range against US dollar in early trade

September 21, 2023 admin

A forex dealer in Bombay looks at a graph of the Indian rupee. | Photo Credit: Reuters The rupee witnessed a range-bound trading against the US dollar in early trade on Thursday, September 21, 2023 weighed down by a negative trend in domestic equities and a strong American currency Forex traders said the Indian rupee…

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Rupee falls 6 paise in early trade

August 8, 2023 admin

Indian Rupee notes are seen in this picture illustration. | Photo Credit: REUTERS The rupee depreciated 6 paise to 82.81 against the US dollar in early trade on Tuesday, August 8, 2023 as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Forex traders said the rupee is trading…

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