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Rupee India News

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Addressing an interactive session on 'Geo-Political Spillovers and Indian Economy', he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around USD 600 billion.
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The rupee Friday weakened by 10 paise to close at 71.17 against the US dollar.
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During the week the domestic unit registered a loss of 27 paise.
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The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar.
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The rupee appreciated 34 paise to 69.86 against the US dollar in opening trade Friday amid weakening American currency and positive opening of the domestic equity market.
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The domestic unit has rallied by a hefty 92 paise in the last three trading sessions.
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Crude oil prices remained below the USD 55 per barrel mark, strengthening the rupee sentiment, a forex dealer said.
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Forex dealers said, apart from weakness in the dollar against some currencies overseas despite upbeat US economic data, fresh foreign fund inflows supported the rupee.
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IMF has warned that the rupee depreciation would jack up the prices of imported goods.
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The rupee on Thursday slid 26 paise to close below the 70-mark for the first time against the US currency, hammered by strong dollar demand amid growing concerns over widening trade deficit.
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The pound sterling finished lower at Rs 89.12/14, while the euro settled up at 79.80.
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The rupee today slumped 43 paise against the dollar to trade at a life-time low of 70.32 on strong demand for the US currency.
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Rupee breached 70 per dollar mark for the first time on Tuesday.
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Rupee breached 70 per dollar mark for the first time in late morning trade today.
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In the opening trade rupee had recovered from all-time low of 69.91 and strengthened by 23 paise to 69.68 against the US dollar.
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The rupee soared 42 paise to 66.18 against the dollar early on Tuesday on increased selling of the US currency by exporters and banks amid higher foreign inflows following BJP's resounding win in UP and positive IIP numbers.
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Worried over circulation of fake currency notes of Rs 500 and Rs 1,000 denomination, the RBI today asked the public to make it a habit to examine the notes before accepting them in the usual course of transactions.
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The benchmark BSE Sensex rose 88.13 points, or 0.31 per cent, to 28,165.31 in early trade today.
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The rupee on Tuesday ended marginally higher by one paisa to close at 66.43 against the American currency and continued its upward march for the third day today on selling of dollars by banks and exporters in view of sustained foreign capital inflows.
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Snapping its nearly 2-week winning spree against the American currency, the rupee on Tuesday dropped by 25 paise to end at 66.46.






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