Diabytes
Rupee Vs US dollar News
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At the interbank foreign exchange, the rupee opened at an all-time low of 84.87 against the greenback.
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On Tuesday, the rupee had appreciated 34 paise to 69.43 against the American currency.
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Besides, the dollar's weakness against some currencies overseas ahead of US Federal Reserve's policy meet outcome later in the day also supported the rupee.
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The rupee recovered 7 paise to 67.11 against the US dollar in early trade Tuesday on selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.
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Extending losses for the second day, the rupee Wednesday plummeted by another 22 paise to close at a new 29-month low of 68.05 per dollar on sustained demand for the American currency from banks and importers amidst lower greenback overseas.
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The rupee recovered from its three-week low by surging 30 paise to 66.63 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.
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The rupee recovered from a two-week low by rising 15 paise to 66.46 against the dollar at the Interbank Foreign Exchange in early trade on Tuesday on fresh selling of the US currency by banks and exporters.
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The rupee continued to rule firm against the American currency for the fifth straight session Monday and ended higher by 5 paise at 66.35 on persistent selling of dollars by banks and exporters amid recovery in equities.
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The Indian rupee on Monday fell by 21 paise to crack the 67-mark and end at a 27-month low against the United States dollar.
Forex dealers said a strong opening in domestic equity markets supported the rupee, but dollar's strength against other currencies overseas capped gains.
The rupee surged to its highest level in five weeks to end at 65.58 by gaining 38 paise against the US currency as exporters and banks stepped up dollar sales amid aggressive policy measures from the RBI.
After taking respite for a week, the rupee recovered from more than 7-month intra-day low of 61.93 and continued its downslide, depreciating by nine paise to end the truncated week at 61.44 against the Greenback following fresh dollar demand from importers and strong dollar overseas.
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