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Rupee settles 28 paise down at 70.97 against US dollar

Thursday, November 7, 2019, 8:28 AM

Rupee settles 28 paise down at 70.97 against US dollar

Snapping its three-session winning streak, the Indian rupee declined 28 paise on Wednesday to close at 70.97 against the US dollar. However, weakening of the US dollar vis-a-vis other currencies overseas and easing crude oil prices restricted the fall, forex brokers said. At the interbank foreign exchange market, the rupee opened at 70.80 and fell to 71.01 against the US dollar intra-day.

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Gold steadies after 2% slide but firmer dollar limits upside

Thursday, September 26, 2019, 8:09 PM

Gold steadies after 2% slide but firmer dollar limits upside

Gold steadied on Thursday after the previous session's near 2 per cent slide, with lower prices tempting some buyers back to the market as uncertainty over the US-China trade war persisted, but a firmer dollar capping gains. Spot gold showed signs of recovery on Thursday, rising 0.3% at $1,507.86 per ounce by 0806 GMT. US gold futures were up 0.2% at $1,514.80 per ounce.

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Rupee darts up 16 paise to 70.88 against USD as Trump dangles trade deal hopes

Thursday, September 26, 2019, 7:52 PM

Rupee darts up 16 paise to 70.88 against USD as Trump dangles trade deal hopes

The rupee strengthened by 16 paise to close at 70.88 against the US dollar on Thursday as investor sentiment got a lift after US President Donald Trump said a trade deal with China could happen sooner than expected. Robust buying in domestic equities, fresh foreign fund inflows and easing crude oil prices also lent support to the domestic unit, forex traders said.

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Rupee slips 10 paise to 71.34 against USD

Friday, September 20, 2019, 8:26 AM

Rupee slips 10 paise to 71.34 against USD

The rupee dropped 10 paise to close at 71.34 against the US dollar on Thursday as heavy selling in domestic equities, unabated foreign fund outflows and rising crude oil prices kept investors edgy. Forex traders said investors also turned cautious after the US Federal Reserve dimmed hopes of further rate cuts. Gupta added that the "market was disappointed with Fed's mixed outlook".

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Standardising gold prices something that has to be addressed: Ajay

Monday, September 2, 2019, 11:46 AM

Standardising gold prices something that has to be addressed: Ajay

Revenue Secretary Ajay Bhushan Pandey said that the government was looking at how to standardise gold-prices, something which needs to be addressed. Pandey was responding to a query on the increase in gold-prices and whether it was a cause of concern and if the government planned to introduce a gold monetisation scheme. He said Rupee depreciation against the U.S. Dollar was also another factor.

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Rupee rebounds from 6-month lows, spurts 13 paise to 71.27 vs USD

Wednesday, August 14, 2019, 9:18 PM

Rupee rebounds from 6-month lows, spurts 13 paise to 71.27 vs USD

Rebounding from six-month lows, the rupee advanced 13 paise to close at 71.27 against the US dollar on August 14 amid easing oil prices and gains in the domestic equity market. Forex traders said the US delaying new tariffs on Chinese electronics goods as well as encouraging macroeconomic data also boosted investor sentiment. Positive macroeconomic data also supported the domestic unit.

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Yen surges to 1-1/2 year highs as rush for safety escalates

Tuesday, August 13, 2019, 7:46 AM

Yen surges to 1-1/2 year highs as rush for safety escalates

The yen rose to its highest level in more than 1-1/2 years versus the dollar on August 12 as investors ramped up bets that the Japanese currency could gain more in the case of a prolonged China-US trade conflict. The yen also registered similar gains against the euro, rising by more than half a percentage point to its highest level in April 2017.

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Rupee skids for 4th day; settles 6 paise down at 69.04 vs USD

Thursday, July 25, 2019, 8:14 PM

Rupee skids for 4th day; settles 6 paise down at 69.04 vs USD

The rupee depreciated by 6-paise to close at 69.04 against the US-dollar amid sustained foreign fund outflows and firm crude-oil-prices. Prolonged weakness in the domestic equity markets and a strengthening greenback further weighed on the local-unit, forex traders said. At the interbank foreign exchange market, the rupee opened at 68.99 and went on to touch the day's high of 68.92 against the US dollar.

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Rupee snaps 3-day losing streak; rises 21 paise to 69.70 vs USD

Wednesday, June 19, 2019, 8:08 AM

Rupee snaps 3-day losing streak; rises 21 paise to 69.70 vs USD

The rupee June 18 appreciated by 21 paise to close at 69.70 against the US dollar as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak. Forex dealers said the selling of the American currency by exporters and gain in other Asian currencies also supported the rupee.

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Gold hovers near five-week lows as firm dollar, trade optimism dent appeal

Tuesday, March 5, 2019, 1:15 PM

Gold hovers near five-week lows as firm dollar, trade optimism dent appeal

Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented safe-haven appeal of the precious metal. Spot gold was up 0.2 percent to $1,288.46 per ounce as of 0552 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25.

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