[Mumbai] Indian Rupee Recovers by 31 Paise Against U S Dollar in early trade
Indian rupee recovered by 31 paise to 67.76 against U S dollar in early trade today, snapping the three-day falling streak on fresh selling of the US currency by banks and exporters.
The rupee had lost 9 paise to close at 68.07 in yesterday’s trade on sustained demand for the US currency from banks and importers amid falling crude prices and foreign capital outflows.
Meanwhile, the benchmark BSE Sensex recovered by 226.10 points, or 0.93 per cent, to trade at 24,449.42 in early deals.
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Indian Rupee Recovers by 31 Paise Against U S Dollar in Early Trade
Indian Rupee Down9Paise vs US Dollar On Happy Thanksgiving Day
[Mumbai,] Indian Rupee Down 9 Paise vs US Dollar in Early Trade On Happy Thanksgiving Day
The rupee lost 9 paise to 66.41 against the US dollar in early trade today at the Interbank Foreign Exchange This Is due to appreciation in the US currency overseas.
Besides, a fresh demand for the US currency from importers and banks also weighed on the domestic currency,
However, early gains in domestic stock markets capped the rupee losses to some extent,
The rupee had ended 15 paise higher at 66.32 against the US dollar on Tuesday amid lower greenback in overseas markets.
Forex market remained closed yesterday on account of “Gurunanak Jayanti”.
Indian Rupee,in Early Trade,Shrinks 16 paise Against US Dollar
[Mumbai] Indian Rupee Shrinks 16 paise Against US Dollar in Early Trade
The rupee fell by 16 paise to 65.43 against the dollar in early trade today
The rupee had gained four paise to close at 65.27 per dollar on Friday on fresh selling of the American currency by banks and exporters on the back of lower greenback overseas.
Meanwhile, the benchmark BSE Sensex was trading lower by 80.56 points, or 0.30 per cent, to 26,576.27 in early deals.
Indian Rupee,After Yesterday’s Crash, Recovers 26 Paise Against U S Dollar in Early Trade
[Mumbai] Indian Rupee,After Yesterday’s Crash,Today Recovers 26 Paise Against U S Dollar in Early Trade
The rupee recovered by 26 paise to 66.39 against the dollar at the Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters.
Gains in stock markets helped rupee strengthen against the dollar,
The rupee had tumbled sharply by 82 paise, its biggest single day fall this year, to settle at 66.65 against the dollar yesterday as global meltdown fears remained unabated.
The widespread panic sell-off in Chinese equities predominantly tipped emerging market currencies into turmoil even as the US dollar weakened overseas.
Meanwhile, the benchmark BSE Sensex today regained the 26,000-mark by rebounding 383.27 points, or 1.48 per cent, to trade at 26,124.83 in opening trade.
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