Representational file image. | Photo Credit: Reuters India’s foreign exchange reserves dropped $325 million to $560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on March 3. In the previous reporting week, the overall reserves had declined $5.68 billion to $561.267 […]
Continue ReadingImage for representation purpose only. | Photo Credit: The Hindu The Rupee gained 11 paise to 82.68 against the U.S. dollar in early trade on February 28 as the American currency retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the […]
Continue ReadingAt the interbank foreign exchange market, the rupee opened at 82.71 and witnessed a high of 82.62 and a low of 82.81 At the interbank foreign exchange market, the rupee opened at 82.71 and witnessed a high of 82.62 and a low of 82.81 The rupee appreciated 7 paise to close at 82.81 (provisional) against […]
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