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Image used for representative purpose only | Photo Credit: R. Ragu The rupee traded in a narrow range and settled lower by 4 paise at 83.94 (provisional) against the American currency on Thursday, as relentless dollar demand from importers and relentless foreign fund outflows dampened investor sentiments. However, a positive trend in domestic equities and…
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File. | Photo Credit: Reuters The Indian rupee nosedived 14 paise to 83.91 (provisional) against the U.S. dollar on Wednesday (August 21, 2024) amid unabated outflow of foreign capital and volatile domestic equity markets. Forex traders said a weak American currency and lower level of crude prices, however, cushioned the local unit at lower level….
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The rupee settled 10 paise higher at 83.77 against the American currency on Tuesday. File | Photo Credit: The Hindu The Indian rupee depreciated by 7 paise to 83.84 against the U.S. dollar in early trade on Wednesday (August 21, 2024), tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak…
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File image. | Photo Credit: Reuters The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the U.S. dollar on Tuesday (August 20, 2024), buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted…
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The Indian rupee appreciated by 8 paise to close at 83.87 (provisional) against the U.S. dollar on Monday (August 19, 2024), supported by a weak US dollar and a decline in crude oil prices. Forex traders said fresh foreign fund inflows boosted investor sentiments. At the interbank foreign exchange, the rupee opened at 83.88 against…
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The Indian rupee turned flat at 83.94 against the US dollar in early trade on Friday (August 16, 2024) amid concerns over elevated crude oil prices and the outflow of foreign capital from domestic equity markets. However, a positive sentiment in the domestic as well as global equity markets and a weak American currency supported…
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The Indian rupee appreciated 7 paise to 83.90 against the US dollar in early trade on Wednesday (August 14, 2024), as the American currency retreated from its elevated levels. Forex traders said the US dollar has weakened against majors post the US Producer Price Index (PPI) print, which came in softer than anticipated, leaving the…
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Rupee notes displayed at a roadside currency exchange stall in New Delhi. File photo | Photo Credit: REUTERS The rupee witnessed range-bound trading in initial deals against the US dollar on Monday (August 12, 2024), as market participants remained on the sidelines ahead of the release of key domestic macroeconomic data. Forex traders said for…
The rupee strengthens against the dollar, supported by a positive equities trend | Photo Credit: The Hindu The Rupee appreciated 8 paise to 83.89 against the U.S. dollar in early trade on Friday (August 9, 2024), supported by a positive trend in domestic equities and a decline in the U.S. dollar index. Forex traders said…
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File. | Photo Credit: Reuters Rupee traded in a narrow range in morning trade on August 7, as the support from positive domestic equities was negated by strengthening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 83.86 but soon pared the gains to trade…
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