[ad_1] Photo used for representational purpose only. File | Photo Credit: Reuters The rupee appreciated 18 paise to 81.08 against the U.S. dollar in early trade on Friday supported by a weak dollar in the overseas market. Forex traders said weak domestic equities and foreign fund outflows weighed on the local unit and restricted the […]
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[ad_1] The rupee appreciated 17 paise to 81.55 against the U.S. dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground to touch 81.55, registering a rise of 17 paise over […]
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[ad_1] The rupee depreciated 6 paise to 81.77 against the U.S. dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas. However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee’s fall, forex dealers said. At the interbank foreign […]
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[ad_1] The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said the American currency strengthened after strong U.S. retail sales data pointed to resilient consumption adding room […]
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[ad_1] The rupee depreciated by 34 paise to close at 81.25 (provisional) against the US dollar on Wednesday on disappointing trade data and foreign fund outflows. Forex traders said a negative bias on risk aversion in global markets weighed on the local unit. At the interbank foreign exchange market, the local unit opened at 81.41 […]
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[ad_1] Eswar Prasad also elaborates on how Western central banks lost control over inflation, the economic costs of inflation, the future of central bank independence, and more Eswar Prasad also elaborates on how Western central banks lost control over inflation, the economic costs of inflation, the future of central bank independence, and more A strong […]
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[ad_1] The local currency recovered on suspected RBI intervention after hitting a record low of ₹83.29 during the session. The local currency recovered on suspected RBI intervention after hitting a record low of ₹83.29 during the session. The rupee rebounded from its lifetime lows to close 25 paise higher at ₹82.75 (provisional) against the U.S. […]
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[ad_1] The local currency opened at ₹82.68, then fell further to an all-time intra-day low of ₹82.69. The local currency opened at ₹82.68, then fell further to an all-time intra-day low of ₹82.69. The rupee pared most of its initial losses and settled 4 paise lower at a fresh lifetime low of ₹82.34 (provisional) against […]
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[ad_1] A negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said. A negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said. The rupee depreciated 16 paise to an all-time low of 82.33 against the U.S. dollar in early trade on October […]
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[ad_1] With the fall of the rupee, Indian students may have to plan better, pick up extra loans or maybe even give up their dream of studying abroad. However, Nasser Salim, managing partner at investment services firm Flexi Capital, believes that if parents plan early and in the right way, sending their children abroad for […]
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