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Rupee crashes to over 8-month low of 71.81
Friday, August 23, 2019, 8:15 AM
The Indian rupee on Thursday plunged to an over eight-month low of 71.81, dropping 26 paise against the US dollar as tumbling equities and incessant foreign fund outflows weighed on sentiment. Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee, forex dealers said. On Wednesday, the Indian rupee had closed at 71.55 a dollar.
Export demand key for guar seed prices
Wednesday, August 21, 2019, 8:31 AM
Guar seed area in Rajasthan has been picking up in recent weeks due to good-rains in producing districts. Guar area increase by about 55.8% within a week to 22.6-lakh hectares (ha) as on first week of August from 14.5 lakh ha during the end of June as per data from the state-agriculture-department. The sudden increase in area has been keeping the prices under pressure.
Rupee trades lower at 68.84 per dollar
Tuesday, July 30, 2019, 8:22 PM
The Indian rupee is trading 11 paise lower at 68.84 per dollar versus previous close 68.73. On July 29 the Indian rupee has recovered from the low and ended 14 paise higher at 68.73 against the US currency amid easing crude oil prices.
