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Rupee closes at 96.34 vs USD; firmer Asia FX, oil dip offer little comfort as NDF maturities pinch
On Thursday, the Indian rupee experienced a slight decline versus the dollar, influenced by dollar demand associated with expiring non-deliverable forward contracts. Meanwhile, most Asian currencies showed a strengthening trend, and the dollar index maintained stability. Additionally, Brent crude oil prices fell below eighty-five dollars per barrel, while India's Nifty 50 index remained nearly unchanged at market close.
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economictimes.indiatimes.com
Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions
The rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in the Middle East deepened, leading to…
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Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes
On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely…
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Rupee edges higher; options market gauge turns most bearish in over a month
The Indian rupee strengthened modestly on Wednesday against the U.S. dollar. Easing U.S. Federal Reserve rate hike bets supported the rupee's upward movement. Elevated oil prices…
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Rupee ends flat as merchant bids, oil blunt comfort from modest inflows
The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly…
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Rupee slips 5 paise on safe-haven dollar demand
The Indian rupee closed marginally weaker at 96.26 against the US dollar on Wednesday. Safe haven dollar demand kept the rupee on a weaker footing throughout the trading session.…
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Rupee closes at 96.34 vs USD; firmer Asia FX, oil dip offer little comfort as NDF maturities pinch
On Thursday, the Indian rupee experienced a slight decline versus the dollar, influenced by dollar demand associated with expiring non-deliverable forward contracts. Meanwhile,…
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thehindubusinessline.com
Rupee slips to 96.34/$ despite softer oil, firmer Asian FX as NDF maturities pinch
Rupee ended modestly weaker on Thursday, unable to benefit from a dip in oil prices and broad strength in regional currencies in the face of dollar demand linked to maturing…
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Rupee closes at 96.28 vs USD; logs sharpest weekly drop since May as oil price jump stings
The Indian rupee faced its most significant weekly drop since May, driven by rising oil prices and strong demand for the dollar. Increasing tensions between the U.S. and Iran…