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With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment
says 'not too worried' about value of rupeeUS dollar fell against the euro and yen after a drop in oil prices suggested US inflation would stay low and prevent the Federal Reserve from hiking interest
The rupee pared its initial losses, but was still trading down by 3 paise at 68.08 per dollar in late morning deals amid sustained demand for the US currency from banks and importers. The Indian unit
The Indian rupee opened lower by 10 paise at 68.15 per dollar on Thursday against previous close of 68.05.Mohan Shenoi of Kotak Mahindra Bank said, "As expected, the FOMC has kept policy
Rupee to remain under pressure and range for the day will be 67.6 - 68.10, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened lower by 6 paise at 67.35 per dollar versus 67.29 Thursday.
The Indian rupee declined to 67.04 per dollar mark in the opening trade, the level it saw last on December 15, 2015.
The Indian government plans to roll out Euro VI compliant fuels from April 1, 2020 to curb pollution and refiners need to invest 300 billion rupees to produce the same.
The Indian rupee has opened marginally lower at 66.83 per dollar on Tuesday against previous close of 66.81 a dollar.NS Venkatesh of IDBI Bank said, "Rupee weakened against the dollar
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