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Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated by 3 paise to 83.10 against the U.S. dollar on May 28, tracking a positive trend in domestic equities and weakness of the American currency in the overseas market. Forex traders rupee is likely to trade with a positive bias tracking a positive…
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File Photo | Photo Credit: REUTERS The rupee rallied for the fourth consecutive trading session on May 24 and appreciated by 18 paise to settle at 83.11 (provisional) against the U.S. dollar on fresh foreign fund inflows and suspected intervention by the RBI. Forex traders attributed the rally to ₹2.11 lakh crore record dividend by…
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Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated by 12 paise to 83.17 against the U.S. dollar on May 24, tracking a bullish trend in domestic equities, wherein benchmark indices scaled new peaks. Forex traders attributed the rally to ₹2.11 lakh crore record dividend by the RBI to the government for…
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The rupee appreciated by 3 paise to settle at 83.28 (provisional) against the U.S. dollar on Wednesday amid softening crude oil prices. Forex traders said the local unit consolidated in a narrow range weighed down by foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 83.29 and moved in the range…
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On May 17, the Rupee had settled at 83.37 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.31 against the U.S. dollar on May 21 following a weak greenback against major currencies overseas and softening crude oil prices in international markets. “However, a sluggish trend in…
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At the interbank foreign exchange market, the local unit opened at 83.50 and touched an intraday high of 83.32 and a low of 83.50. | Photo Credit: The Hindu Rupee appreciated 17 paise to close at 83.33 (provisional) against the U.S. dollar on May 17, on positive domestic markets and expectations of some fresh foreign…
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The rupee stayed range-bound and settled 4 paise lower at 83.50 (provisional) against the U.S. dollar on May 16, weighed down by unabated foreign fund outflows amid investors’ weak appetite for riskier assets. However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said. The rupee remains under…
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Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in…
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File | Photo Credit: C. Venkatachalapathy The rupee opened on a flat note against the U.S. dollar in early trade on May 14, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices. Forex traders said the rupee remains under pressure due to ongoing elections as well…
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On May 10, the Rupee closed at 83.51 against the American currency. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on May 13, tracking a weak trend in domestic equities and strong American currency. Forex traders said with foreign investors buying U.S. dollars…
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