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Image for representation | Photo Credit: Reuters The rupee fell below 84 to a dollar level for the first time on Friday (October 11, 2024), pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the equity market. The rupee dropped to a low of 84.0525 per U.S….
Image for representational purposes only. | Photo Credit: Getty Images The rupee appreciated 5 paise to 83.92 against the U.S. dollar in early trade on Wednesday (October 9, 2024), ahead of the Reserve Bank of India’s monetary policy announcement. Most major central banks have pivoted toward rate cuts, with the U.S. Fed being the latest…
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Image used for representative purpose only | Photo Credit: R. Ragu Rupee rose by 2 paise to 83.95 against the U.S. dollar in early trade on Friday (September 6, 2024) amid a weaker dollar against major currencies overseas. An upward movement in the international crude oil prices, negative domestic equity markets and outflow of foreign…
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A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The Indian rupee pared its initial gains and turned flat at 83.87 against the U.S. dollar in early trade on Tuesday (August 20, 2024), as positive domestic equity markets and a weak American currency…
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The rupee finally settled at 83.96 (provisional) against the American currency, down 4 paise from its previous close. File | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day lower by 4 paise at 83.96 (provisional) against U.S. dollar on Wednesday (August 7, 2024), weighed down by a recovery…
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Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS Rupee opened on a muted note and fell to an all-time low of 83.80 against the U.S. dollar on August 5, as the risk off situation in world markets kept the dollar well bid. Forex…
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Image used for representative purpose only | Photo Credit: R. Ragu The rupee opened flat at 83.73 against the U.S. currency on July 30 as the dollar remained firm in overseas markets. At the interbank currency exchange, the rupee opened firm at 83.73 and was trading in the range of 83.73 to 83.74 in early…
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Image for representation only | Photo Credit: Reuters The rupee depreciated 5 paise to 83.54 against the U.S. dollar in early trade on Thursday, weighed down by elevated crude oil prices. Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee…
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Image for representation | Photo Credit: C. Venkatachalapathy The rupee appreciated by 7 paise to 83.24 against the U.S. dollar on Wednesday amid softening crude oil prices in the international market. Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and foreign fund outflows. At the…
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The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8, amid a negative trend in domestic equities and strong American currency. Forex traders said significant…
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