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The rupee appreciated 54 paise to close at 89.66 (provisional) against the US dollar on Friday, supported by corporate dollar inflows and falling crude oil prices. Forex traders said a positive trend in domestic equities and Brent crude oil prices hovering around USD 59 per barrel supported the domestic unit at lower levels. The gains […]
Mumbai: The rupee hit its weakest level ever, falling past the psychologically significant 89 per dollar mark for the first time on Friday before closing at 89.49. The rupee weakened nearly 80 paise from its previous close and recorded an intraday low of 89.59 on Friday, LSEG data showed.Among the factors cited by traders were […]
The Indian rupee extended losses for a third consecutive session on Tuesday and concluded a new record layer of 87.80 per dollar. The persistent weakness reflects the ongoing dollar question of oil companies and importers, in combination with continuous foreign portfolio investor (FPI), flows from Indian shares, caused by increased trade tensions after US President […]
