[ad_1] Image for representation purpose only. | Photo Credit: Getty Images The rupee consolidated in a narrow range and settled 2 paise lower at 82.82 (provisional) against the U.S. dollar on Thursday. Traders said the domestic unit traded in a narrow range amid softening crude oil prices and weak dollar. At the interbank forex market, […]
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[ad_1] A cashier checks Indian rupee notes at a fuel station in Ahmedabad. File | Photo Credit: REUTERS The rupee gained 7 paise to close at 82.80 (provisional) against the U.S. dollar on Wednesday, as softening crude oil prices in the global markets boosted the local currency. Traders said the domestic unit witnessed high volatility […]
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[ad_1] File image. | Photo Credit: AP The rupee pared its initial gains and settled down by 9 paise at 81.35 (provisional) against the U.S. dollar on December 2 as the support from weak dollar was negated by weak domestic markets and a surge in crude oil prices. Forex traders said foreign fund outflows also […]
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[ad_1] File image. | Photo Credit: Reuters The rupee appreciated by 8 paise to close at 81.22 (provisional) against the U.S. dollar on December 1 on broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow. Forex traders said foreign fund inflows and a rally in domestic […]
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[ad_1] File. | Photo Credit: C. Venkatachalapathy The rupee slipped 3 paise to close at 81.71 (provisional) against the U.S. dollar on November 29 as rising crude oil prices in the international market weighed on Forex market sentiment. However, a firm trend in domestic equities and a weak American currency overseas capped the losses in […]
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[ad_1] The rupee depreciated 18 paise to close at 81.85 (provisional) against the U.S. dollar on Wednesday on dollar demand from importers and recovery in crude oil prices. Forex traders said sustained foreign fund outflows and concerns over rising COVID-19 cases in China also weighed on investor sentiments. At the interbank foreign exchange market, the […]
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[ad_1] File. | Photo Credit: Reuters The rupee appreciated by 17 paise to close at 81.11 (provisional) against the U.S. dollar on November 15, on positive domestic macroeconomic data and weak American currency. Forex traders said a firm trend in domestic equities, sustained foreign fund inflows and easing crude oil prices also supported the local […]
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[ad_1] At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar The rupee appreciated 35 paise to 81.58 against the U.S. dollar in early trade on September 29 as the American currency retreated from its elevated levels. […]
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[ad_1] The rupee depreciated 20 paise to close at 79.84 (provisional) against the U.S. dollar on August 19 amid a strengthening greenback overseas. At the interbank foreign exchange market, the local currency opened at 79.75 and moved in a range of 79.73 to 79.84 during the day. It finally ended at 79.84 against the American […]
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[ad_1] There is an expectation of further depreciation, which can lead to further capital outflows There is an expectation of further depreciation, which can lead to further capital outflows The rupee’s steep slide to the 79-to-a-dollar range is bound to impact importers, widen the current account deficit (CAD) and increase the value of India’s external […]
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