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Rupee plunges 50 paise to 71.32 against US dollar

Tuesday, December 11, 2018, 9:23 AM

The Indian rupee tumbled 50 paise to close at 71.32 against US dollar as nagging worries on global trade war front and uncertain crude prices hurt forex market sentiment.Besides, the trading pattern in the forex market was impacted by massive sell-offs in domestic equities as investors panicked over exit polls suggesting the Congress giving a tough fight to the ruling BJP in state elections.
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Yellen says Fed more to blame for wider trade deficit than China

Tuesday, November 13, 2018, 7:45 PM

Federal Reserve interest-rate hikes in response to fiscal stimulus are causing the U.S. trade deficit to widen, not unfair Chinese trade practices, former Fed Chair Janet Yellen said. Higher interest-rates in U.S. relative to those elsewhere put upward pressure on U.S. dollar exchange rate, and "this is part of why we may get a larger trade deficit," Yellen said at a conference in Beijing.
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Rupee opens lower against US dollar today

Monday, October 22, 2018, 10:18 AM

Indian rupee on Monday opened marginally lower against US dollar tracking losses in its Asian peers. At 9.15am, the home currency was trading at 73.36 a dollar, down 0.05% from its Friday's close of 73.33. The currency opened at 73.41 a dollar. The 10-year gilt yield stood at 7.93% from its previous close of 7.922%. Bond yields and prices move in opposite directions.

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