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  • Rupee Recovers Against Dollar: 10 Things To Know
    Backed by fresh selling of the American currency by banks and exporters, the rupee strengthened by 18 paise to 73.88 in early trade on Tuesday, reported news agency Press Trust of India (PTI). Easing global crude prices and a positive opening of domestic equity indices also supported the local currency on Tuesday, traders said. On Monday, the domestic currency plunged by 30 paise to close at a record low of 74.06 against the greenback.
  • Rupee Gains 18 Paise Against Dollar In Early Trade
    Rupee Vs Dollar: Rupee makes cautious recovery against the US dollar on fresh selling of the American currency by banks and exporters.
  • Rupee Closes Below 74-Mark Against Dollar For First Time Ever: 10 Points
    Extending its weakness against the dollar to a fifth consecutive session, the rupee declined 30 paise to close at a record low of 74.06 against the greenback on Monday. The rupee had closed at 73.76 a dollar in the previous session. The rupee fell further after last week's move by the Reserve Bank of India (RBI) to keep the key interest rates on hold, while changing its stance to 'calibrated tightening from 'neutral' - meaning a rate cut is off the table for now.
  • Rupee Again Inches Closer To 74-Mark, Down 14 Paise Against Dollar
    Rupee Vs US Dollar exchange rate: The rupee registered a fresh all-time closing low of 73.76 against the dollar on Friday.
  • Rupee Dips Below 74 For First  Time, Ends At Record 73.76/Dollar: 10 Points
    The rupee registered a new all-time closing low of 73.76 against the dollar on Friday, gaining some ground after breaching the 74 mark for the first time ever during the session. The fourth consecutive lower closing for the rupee came on a day the Reserve Bank of India changed its policy stance to 'calibrated tightening" from 'neutral' - meaning a rate cut is off the table for now - while maintaining a status quo on repo rate. Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks.
  • Rupee Dips Below 74 For First Time Against Dollar
    INR vs USD: The domestic currency was quoted 55 paise lower at 74.20 against the dollar soon after the RBI announced its monetary policy.
  • Rupee Gains 6 Paise Amid Fresh Selling Of US Dollar
    Rupee Vs US Dollar: Rupee closed 24 paise lower against the dollar at 73.58 on Thursday.
  • Rupee Falls To All-Time Closing Low Of 73.58 Against Dollar: 10 Things To Know
    The rupee closed 24 paise lower against the dollar at 73.58 on Thursday. After registering a new all-time low of 73.81 during the session, the rupee gained some ground to settle at 73.58 against the greenback for the day. Surging crude oil prices fueling concerns on widening of current account deficit and capital outflows dragged the currency lower, say analysts. Brent - the international benchmark for crude oil - crossed $86 a barrel mark to trade near its highest levels since 2014.
  • Rupee Hits New All-Time Low Of 73.77 Against Dollar: 10 Things To Know
    The rupee crashed to a new all-time low of 73.77 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). The local currency dropped 44 paise against the US currency in the morning session as global oil prices continued to rise, deepening concerns about the current account deficit (CAD) and capital outflows. Consistent dollar demand from importers, mainly oil refiners also kept the rupee under pressure, traders said. The state-owned oil marketing companies have been allowed to raise $10 billion from overseas market to meet their working capital needs.
  • Rupee Closes Below 73 Mark Against Dollar For First Time: 10 Things To Know
    The rupee declined sharply lower against the US dollar to close at a record 73.34 on Wednesday, amid soaring crude oil prices. The rupee touched a fresh all-time low of 73.42 against the American currency during the session, but contained some of those losses by the end of the session. The government will hold an inter-ministerial meeting on Thursday to discuss currency weakness and its impact on trade deficit. Analysts say concerns on surging crude oil prices and widening of currency account deficit along with a rising dollar backed by strengthening of the US economy impact the rupee.
  • Oil Surge Means Things May Get Lot Worse For Rupee This Year: Report
    One positive for the rupee is that its implied volatility has remained lower than in 2013. That also perhaps explains the lack of aggressive intervention by the Reserve Bank of India in the currency market, even as policy makers have taken other measures.
  • Rupee Hits Lifetime Low Of 73.42 Against Dollar: 10 Things To Know
    The rupee registered a new all-time low against the US dollar on Wednesday, slipping below the 73 mark for the first time ever. A surge in crude oil prices - which held near their highest level since 2014 - along with demand for the dollar and strength of the greenback overseas hurt the rupee, according to analysts. Extended weakness in the rupee comes despite the Reserve Bank of India (RBI) announcing bond purchases worth Rs 36,000 this month to ease liquidity. Analysts will closely watch the outcome of a three-day policy meeting, which began on Wednesday.
  • Forex Markets Closed Today For Gandhi Jayanti: 5 Things To Know
    The Reserve Bank of India (RBI) on Monday said that it would pump Rs 36,000 crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.
  • Rupee Closes Near 2-Week Low Against Dollar
    The Reserve Bank of India announced it would inject liquidity of Rs 36,000 crore into the system through purchase of government bonds in October to meet the festival season demand for funds.
  • RBI To Buy 36,000 Crore Rupees Of Bonds In October To Ease Liquidity
    RBI said the auctions would be conducted during the second, third and fourth week of October.

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