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The Indian rupee skidded further against the beleagured dollar as forex market sentiment took a hard hit on the back of suring global crude prices and growing trade deficit concerns.
The rupee opened sharply higher at 63.70 as against yesterday's closing level of 63.86 at the inter-bank foreign exchange here.
Forex dealers said the dollar was weak against other currencies overseas which supported the rupee.
Bhaskar Panda of HDFC Bank says the dollar index has been hovering around 90 levels. He says, the dollar-rupee was buoyed by positive debt-related announcement from the government and expects
Rising for the second straight session, the rupee today ended marginally higher by two paise at 63.86 against the American currency.
Showing an impressive resilience, the rupee bounced back in style after a brief overnight crash and ended higher by 16 paise at 63.88 against the US currency on bouts of dollar selling by exporters
Weakness in domestic equity market will influence the rupee to trade lower, says Pramit Brahmbhatt of Veracity.
The rupee came under pressure as trade deficit widened to three-year high at USD 14.88 billion in December,government data showed yesterday, imports surged nearly 21.1 per cent year-on-year to USD 41
The rupee weakened by 12 paise to 63.61 against the US dollar in opening trade at the interbank foreign exchange after concerns over trade deficit ballooning to a three-year high.
I expect the rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60, says Bhaskar Panda of HDFC Bank.
The rupee strengthened further by 14 paise to end at a fresh one-week high of 63.49 against the US currency on sustained dollar selling by exporters amid record rally in domestic equities
Given the build-up, I think 2018 will be a seminal year for the rupee and it could move up to as much as Rs 60 to the US dollar or go down right up to 70. Its definitely not going to remain where
The Indian rupee gained in the early trade on Monday. It has opened higher by 12 paise at 63.49 per dollar versus 63.61 Friday.Pramit Brahmbhatt of Veracity said, "Rupee will remain under pressure. A
The US dollar ended cheaper against the rupee at Rs 63.63/64 per dollar but the Pound sterling finished sharply higher at Rs 86.77/79 per pound at the close of the Interbank Foreign Exchange (forex
The Reserve Bank of India today fixed the reference rate of the rupee at 63.5263 against the US dollar and 76.5301 for the euro.
The rupee opened higher at 63.60 per dollar from yesterday's closing level of 63.66 at the inter-bank foreign exchange market today.
The Reserve Bank of India today fixed the reference rate of the rupee at 63.7364 against the US dollar and 76.1395 for the euro.
The US dollar ended higher against the rupee at Rs 63.66/67 per dollar but the Pound sterling also finished lower at Rs 85.81/83 per pound at the close of the Interbank Foreign Exchange (forex
The rupee opened lower at 63.65 per dollar from yesterday's closing level of 63.60 at the inter-bank foreign exchange market today.
The Indian rupee gained in the early trade on Thursday. It has opened higher by 4 paise at 63.65 per dollar versus 63.59 Wednesday.Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has settled
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