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Market Outlook The rupee opened on a cautious note at 68.9575 against the US dollar in early trade on Monday amid heavy selling in domestic equities and rising crude oil prices. Moreover, strengthening of the greenback vis-a-vis other currencies overseas and foreign fund outflows weighed on the local unit. On the other side, the dollar[…]

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Market Outlook The rupee opened on a cautious note at 68.7150 against the United States (US) dollar in early trade on Wednesday amid rising crude oil prices and foreign fund outflows. However, weakening of the greenback vis-a-vis other currencies overseas and positive opening in domestic equities added support to the local unit and restricted the[…]

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Market Outlook The rupee opened flat at 68.6400 against the United States (US) dollar in early trade on Tuesday as the country’s exports entered the negative zone after a gap of eight months. Notwithstanding the weak trade data, positive opening in domestic equities supported the local unit and restricted the downfall. On macro front, India’s[…]

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Market Outlook The rupee appreciated by 7 paise to open at 68.7000 against the US dollar in opening trade on Monday, driven by a positive opening in domestic equities and easing crude oil prices. However, foreign fund outflows weighed on the domestic currency and restricted the upmove. On the flip side, the dollar was a[…]

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Market Outlook The rupee rebounded 25 paise to open at 68.4675 against the US dollar in early trade on Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month. However, rising crude oil prices capped the gains. On domestic macro front, an[…]

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Market Outlook The rupee on Tuesday declined by 7 paise to open at 68.8950 against the US currency in early trade, due to strong dollar demand from banks and importers amid persistent foreign fund outflows. A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit. However, softening crude[…]

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Market Outlook The Rupee depreciated by 12 paise to 68.74 against the US dollar in early trade, mainly due to heavy selling in domestic equities and foreign fund outflows. However, weakening of the American currency in the overseas market, and easing crude oil prices restricted the rupee’s decline. On the flip side, the dollar rose[…]

Currency Tips & Daily Market Updates 08-July-2019

Market Outlook The Indian rupee opened flat at 68.6800 against the US dollar as forex market weighed measures announced in the Union Budget to achieve the USD 5-trillion economy target. Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years[…]

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Market Outlook The rupee on Wednesday saw a marginal 8 paise gain at 69.0000 against the US dollar in line with a steady trend in domestic equities in the run-up to the Union Budget due on Friday. On the flip side, U.S. dollar slipped on Thursday in Asia. Overnight, U.S. President Donald Trump accused China[…]

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Market Outlook The Indian rupee on Tuesday ended almost flat at 69.1200 against the US dollar in a lacklustre trade as participants preferred to sit on the fence ahead of the Union Budget due on Friday. The dollar struggled on Wednesday, having been nudged off two-week highs as fading optimism over any near-term Sino-U.S. trade[…]

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Market Outlook The rupee opened on a cautious note at 69.1600 against the US dollar in early trade on Tuesday amid strengthening of the greenback against other currencies overseas, even as crude oil prices eased. The rupee is expected to trade in a narrow range as market participants will keep a close watch on the[…]

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Market Outlook The rupee opened on a strong note at 69.2025 against the US dollar in early trade on Monday tracking gains in domestic equities, even as crude oil prices firmed up. Moreover, the rupee appreciated on reports that Chinese President Xi Jinping and his American counterpart Donald Trump at the G20 summit have agreed[…]