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At the interbank foreign exchange market, the rupee opened at 88.21, and touched an early low of 88.34 and a high of 88.18 against the greenback, registering a gain of 11 paise from its previous close. | Photo Credit: Reuters The rupee traded in a narrow range against the U.S. dollar in early trade on…
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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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A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai. File photo | Photo Credit: REUTERS Rupee depreciated 11 paise to 83.93 against the US dollar in early trade on Thursday (October 3, 2024) due to rising crude oil prices and negative sentiment in…
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The rupee on Thursday settled flat at 82.91 (provisional) against the U.S. dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said. Market participants…
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Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Amid the sustained slump in India’s exports, the Goods and Services Tax (GST) Council has cleared a few measures to boost foreign trade, including enabling tax credits for services exporters receiving payments in rupees, critical for trade with countries like Iran and Russia that face global…
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A money lender counts Indian rupee currency notes at his shop in Ahmedabad. File | Photo Credit: REUTERS The rupee depreciated 3 paise to settle at 83.23 (provisional) against the U.S. dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments. Forex traders said the strength…
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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…