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The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 103.59. | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated 3 paise to 83.99 against the U.S. dollar in initial deals on Thursday (October 17, 2024), as suspected RBI intervention coupled with softer oil prices…
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Image used for representative purpose only | Photo Credit: R. Ragu The rupee rose 2 paise to 83.97 against the U.S. dollar in early trade on Monday (October 7, 2024), aided by a weaker greenback in the international market and a drop in crude oil prices. The increase in the country’s forex reserves to a…
Image used for representative purpose only | Photo Credit: Reuters The rupee declined 4 paise to 83.95 against the U.S. dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic manufacturing data. A decline in the domestic equity market also contributed to the drop in the local unit,…
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Image used for representative purpose only. | Photo Credit: Reuters The rupee witnessed range-bound trading in initial deals against the U.S. dollar on Thursday (August 8, 2024), ahead of the Reserve Bank of India’s monetary policy outcome. Market participants are awaiting cues from the central bank’s observation of recent events and its observations on food…
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Image uswd for representative purpose only | Photo Credit: R. Ragu The rupee traded flat at 83.53 against the U.S. currency in early trade on July 12 amid firm crude oil prices and gains in domestic stocks. At the interbank foreign exchange market, the rupee opened flat at 83.53 against the U.S. dollar. The local…
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Indian Rupee notes are seen in this picture illustration taken in Mumbai. | Photo Credit: REUTERS The rupee opened on a flat note against the US dollar in early trade on Tuesday, June 11, 2024, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. Also…
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Image used for representative purpose only | Photo Credit: R. Ragu The rupee appreciated 5 paise to 83.24 against the U.S. dollar in early trade on May 31 boosted by robust sentiment in domestic equity markets and a downward trend in the crude oil prices overseas. Forex traders said, however, strong American currency and unabated…
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Image used for representative purpose only. | Photo Credit: Nagara Gopal The rupee depreciated 6 paise to 83.58 against the U.S. dollar in early trade on April 19, weighed down by a negative trend in domestic equities and elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market…
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