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Market Outlook The rupee slumped to 63.74 on bouts of dollar demand from importers. However, a firm domestic equity market restricted the rupee’s losses. It hovered in a range of 63.74 and 63.42 before quoting at 63.71, down 20 paise at 4.50 pm local time. The dollar weakened against the Japanese yen after the Bank[…]

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Market Outlook The Indian rupee on Monday erased all the morning gains and closed weaker against US dollar tracking losses in the Asian currencies market. The home currency ended at 63.50 a dollar, down 0.20% from its Friday’s close of 63.37. In the morning trade, the rupee opened at 63.32 a dollar and hit a[…]

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Market Outlook The rupee on Thursday opened 8 paise down at 63.61 against the US currency on fresh demand for dollar from importers and banks. India’s finance ministry has sought parliamentary approval to issue about Rs 80,000 crores ($12.6 billion) of bank recapitalization bonds before the end of the current fiscal year which will augment[…]

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Market Outlook The rupee on Thursday opened 8 paise down at 63.61 against the US currency on fresh demand for dollar from importers and banks. India’s finance ministry has sought parliamentary approval to issue about Rs 80,000 crores ($12.6 billion) of bank recapitalization bonds before the end of the current fiscal year which will augment[…]

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Market Outlook The Indian rupee on Wednesday was trading marginally lower against US dollar tracking losses in its Asian peers, retreating from over 29-month high it scaled on Tuesday, level last seen on 17 July 2015. The rupee opened at 63.58 a dollar and touched a high and a low of 63.46 and 63.58 respectively.[…]

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Market Outlook The Indian rupee strengthened for a third session and closed at a five-month high against  the US dollar on the first day of 2018 year on Monday. The home currency ended at 63.68 a dollar—a level last seen on 8 August, up 0.33% from its Friday’s close of 63.87.The rupee opened at 63.86[…]

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Market Outlook The Indian rupee strengthened for a third session and closed at a five-month high against the US dollar on the first day of 2018 year on Monday. The home currency ended at 63.68 a dollar—a level last seen on 8 August, up 0.33% from its Friday’s close of 63.87.The rupee opened at 63.86[…]

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Market Outlook The rupee gained 22 paise against the US dollar to trade at 63.86 in the pre-close session on selling of the US currency by exporters and banks. The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said. Domestic stock markets finishing higher too bolstered[…]

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Market Outlook The rupee ended the session higher at 64.08 as the dollar slid broadly on Thursday, hampered by a recent dip in US 10-year bond yields. The dollar’s index against a basket of six major currencies slipped to as low as 92.734, its weakest level in almost four weeks. The index has dropped more[…]

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Market Outlook The Indian rupee on Wednesday closed marginally lower against US dollar tracking losses in the local equity and Asian currencies markets.The rupee opened at 64.07 and touched a high and a low of 64.07 and 64.18 respectively. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.08,[…]

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Market Outlook The Indian rupee was trading little changed against US dollar on Tuesday in a thinly traded market as many dealers were on leave for the year end.At 2pm, the home currency was trading at 64.07 a dollar, down 0.03% from its Friday’s close of 64.05. On Monday, markets were closed due to Christmas.[…]