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The rupee slipped 1 paisa to 84.07 against the U.S. dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit. At the interbank…
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Image used for representation purposes The rupee recovered from its all-time low levels and appreciated 4 paise to close at 84.06 (provisional) against the U.S. dollar on Monday (October 14, 2024) supported by strong domestic equity markets. Forex traders said the rupee was weighed down by the strong U.S. dollar and elevated crude oil prices….
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“A marginal decline in the value of the greenback against overseas currencies and rise in the domestic equity market supported the local unit and prevented further slide in the domestic unit,” forex traders said. | Photo Credit: The Hindu “Rupee depreciated two paise to close at 83.98 (provisional) against the U.S. dollar on Thursday (October…
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“The Indian Rupee remained steady as the RBI left repo rate and CRR unchanged at 6.5% and 4.5%, respectively,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. | Photo Credit: The Hindu The Rupee traded in a narrow range and settled for the day higher by just one paisa at 83.96 (provisional)…
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Image used for representational purpose. | Photo Credit: Reuters The rupee pared its initial gains and settled on a flat note at 83.99 against the U.S. dollar on Monday (October 7, 2024) on selling pressure from foreign funds and weak tone in the domestic markets. Forex traders said elevated crude oil prices and escalating tensions…
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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…
The rupee remains flat at 83.96 against the dollar amid retreating crude oil prices and weak American currency. File | Photo Credit: The Hindu The rupee paused its slide and traded flat at 83.96 against the U.S. dollar in early deals on Friday (October 4, 2024) amid retreating crude oil prices and a weak American…
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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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Image used for representative purpose only. File | Photo Credit: REUTERS Rupee depreciated 11 paise to settle at 83.80 (provisional) against the U.S. dollar on Monday (September 30, 2024) taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback…
On September 26, the Rupee declined eight paise to settle at 83.66 against the American currency. File | Photo Credit: The Hindu The Rupee declined four paise to settle at 83.70 (provisional) against the U.S. dollar on Friday (September 27, 2024) amid subdued domestic equity markets and increased month-end demand for the American currency. “However, sliding…
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