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Forex traders said that with the Indian rupee facing severe pressure, the Reserve Bank of India (RBI) is also actively pursuing a “non-direct” strategy to support the currency. | Photo Credit: Reuters The rupee appreciated 61 paise to close at 94.57 (provisional) against the U.S. dollar on Wednesday (May 6, 2027), as Brent crude prices…
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The rupee slumped to an all-time low of 54.56 against the dollar in afternoon trade on May 16, 2012, even as the Reserve Bank of India broke its silence over the falling rupee, saying it would do its “best possible to curb volatility” in New Delhi, on May 16, 2012. Photo: | Photo Credit: V.V….
Read More “Rupee rises 4 paise to 83.48 against U.S. dollar in early trade” »
Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee stayed firm and rose 9 paise to 82.74 against the U.S. dollar in early trade on March 7 on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets. The local currency also found…
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