Indian Rupee Strengthens by 6 Paise Against the US Dollar in Recent Forex Movement
Siddhant Kumar -
However, the sharp gain in the domestic currency was curbed by rising crude oil prices and foreign capital outflows, according to observations from forex traders. In the interbank foreign exchange, the rupee opened at 83.15, fluctuating between the day's peak of 83.05 and the lowest level of 83.16 against the greenback. Ultimately, it closed at 83.07, marking a 6-paise gain from the previous close.
Rupee Slips by 1 Paisa to 83.15 Against US Dollar in Early Trade
Ashlin Rajan -
Opening at 83.16 at the interbank foreign exchange, the rupee edged down to 83.15 against the US dollar during morning trading, marking a 1 paisa loss compared to its previous close of 83.14 on Wednesday.
Rupee Slides 3 Paise to 83.15 Against US Dollar in Early Trade
Kumar Manoj -
The interbank foreign exchange market saw the rupee opening at 83.13 and slipping further to 83.15 against the dollar, marking a 3-paise loss compared to its previous close. In the preceding session, the rupee had declined by 26 paise, closing at 83.12 against the US dollar.
Rupee Strengthens by 18 Paise, Trading at 82.77 Against US Dollar in Early Trade
Kumar Manoj -
In the previous session on Friday, the rupee strengthened for the eighth consecutive session, closing with a gain of 6 paise at 82.95 against the US dollar.
Rupee Struggles to Recover Despite Decline in US Dollar
Newsmen Business Desk -
​​​​​​​Surprisingly, the rupee didn't witness the anticipated gains, which traders attributed to increased dollar purchases by importers, particularly oil companies, aiming to hedge their positions amidst the favorable low dollar price.
Rupee Encounters Strong Headwinds
Newsmen Business Desk -
Market analysts have noted that while the Reserve Bank of India (RBI) has been successful in maintaining the stability of the rupee by releasing US dollars from its reserves, this cannot be sustained indefinitely.
India’s fiscal deficit at Rs 7.02 lakh crore for April-Sept this year
IANS -
The fiscal deficit shows the amount by which the expenditure of the government exceeds its income with the gap being met through borrowings.
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