The Indian rupee broke a three-day losing streak on Friday, appreciating by 50 paise to settle at Rs 85.45 against the US dollar, buoyed by a sharp decline in the dollar index and strong performance in domestic equities.A rise in global risk appetite also supported the local currency, despite lingering pressure from crude oil prices and foreign fund outflows.The rupee, …
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MUMBAI: The rupee briefly regained 84 levels to touch a 2025 high of 84.97 against the dollar on Friday as the greenback weakened globally before closing at 85.24, up 19 paise from Thursday’s close of 85.43. The strengthening of the rupee is expected to hurt exporters. The dollar index, which tracks the greenback’s movement against six major currencies, was down …
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MUMBAI: Rupee hit a record low of 87.28 on Monday, following US President Donald Trump’s announcement of tariffs on imports from major trade partners that has sparked fears of a trade war. It closed at 87.19, down 58 paise from its previous close, marking its largest single-day drop in two weeks.Rupee might have weakened further had RBI not intervened through …
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MUMBAI: The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the dollar. The local currency closed at 85.97 against the greenback, down 12 paise from Thursdays’ close of 85.85. The rupee is likely to breach 86 levels on Monday with the dollar index surging sharply late evening after US non-farm payroll data came …
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