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Rupee recovers 34 paise to 74.78 against $ in early trade

Friday, March 20, 2020, 12:04 PM

Rupee recovers 34 paise to 74.78 against $ in early trade

The Indian rupee recovered 34 paise to trade at 74.78 against the US dollar in early deals on March 20 following dollar selling by exporters. The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 percent to 102.08, helping the rupee trade higher. The domestic unit had closed at 75.12 against the US currency on March 19.

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Indian rupee reclaims lost ground, spurts 36 paise in mid-session

Friday, March 13, 2020, 3:52 PM

Indian rupee reclaims lost ground, spurts 36 paise in mid-session

The Indian rupee staged a recovery in the afternoon session on Friday, trading 36-paise higher against the US-dollar, after the Reserve-Bank stepped in to maintain sufficient liquidity in the panick-stricken currency market. Seeing the heavy-rush for the US-dollar among participants, the RBI announced liquidity measures such as buy-sell swap of USD 2-billion to increase dollar availability with banks and ease pressure on the rupee.

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Rupee recoups day's losses, settles 12 paise higher against USD

Wednesday, January 8, 2020, 8:46 PM

Rupee recoups day's losses, settles 12 paise higher against USD

The Indian-rupee retrieved early losses to settle 12 paise higher at 71.70 against the US dollar, but overall forex-market-sentiments remained subdued amid further escalation in US-Iran tensions. At the foreign bank exchange, domestic unit opened significantly lower at 72.05/dollar as against the previous day's close of 71.82. During the day, it traded in the range of 72.07 and 71.69 to the US currency.

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Rupee pares initial losses, settles 8 paise higher at 71.66 a dollar

Tuesday, December 3, 2019, 7:40 AM

Rupee pares initial losses, settles 8 paise higher at 71.66 a dollar

The Indian-rupee on Monday settled 8 paise higher at 71.66 against the US dollar amid participants hoping Reserve-Bank will go for another rate-cut in the ensuing RBI-policy review meet this week. At the interbank foreign exchange, the rupee opened-weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last-closing.

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Dollar, yen supported as caution prevails on mixed trade signals

Wednesday, November 20, 2019, 8:12 PM

Dollar, yen supported as caution prevails on mixed trade signals

The dollar and safe-haven yen found support on Wednesday as a lack of clarity on US-China trade talks kept investors cautious ahead of the release of minutes from the US Federal Reserve's last policy-meeting. Moves were slight as jaded traders again weighed mixed messages on trade, with more upbeat reports offset by US-President Trump delivering yet another warning of more tariffs if talks fail.

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Rupee rises 19 paise to 71.59 against USD in early trade

Monday, November 18, 2019, 8:45 PM

Rupee rises 19 paise to 71.59 against USD in early trade

The Indian rupee appreciated by 19-paise to 71.59 against the US dollar in early-trade on Monday tracking gains in domestic equity market and weakening of the American-currency vis-a-vis other currencies overseas. Forex-traders said market participants were enthused after the US and China negotiators held 'constructive' call on trade deal. On Friday, rupee had settled for the day at 71.78 against the US dollar.

News

 
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.

News

 
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.

News

 
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.

News

 
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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