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The rupee showed early volatility on Wednesday as easing Brent crude support was offset by persistent FII selling and uncertainty over India-US trade talks. The domestic unit recovered partially, while Sensex and Nifty rose on early session buying.
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The rupee has fallen from 90 a dollar to 91 in the last 10 trading sessions, and according to forex traders, the Indian currency might even cross the 92 per dollar-mark in December
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The rupee fell 9 paise to a record low of 90.58 against the US dollar amid uncertainty over an India US trade deal and sustained foreign fund outflows. Weak equities and cautious investor sentiment added pressure on the domestic currency
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The rupee slipped 17 paise to 90.11 against the US dollar on Thursday as risk-averse sentiment, strong importer demand and sustained FPI outflows weighed on the currency. Markets are tracking cues from the ongoing US–India trade talks for direction.
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The rupee crashed to a record 90.13 per US dollar on Wednesday amid weak trade flows and uncertainty over the India–US trade deal. The sharp fall weighed on equities, with Nifty slipping below 26,000 and market sentiment turning cautious.
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The rupee weakened by 2 paise to 89.24 against the US dollar in early trade on Thursday amid increased demand for the greenback from importers. Fresh foreign inflows, easing crude oil prices, and firm domestic equities provided partial support to the currency.
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The rupee recovered early losses to trade at 89.20 against the US dollar on Wednesday, supported by foreign inflows and strong domestic equity sentiment. A slightly weaker dollar index helped, though rising crude prices continued to exert pressure on the currency.
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The rupee weakened by 18 paise to 88.66 against the US dollar on Thursday as the greenback gained on hawkish Fed minutes. Positive India-US trade signals, lower crude prices and firm equities capped losses, with forex analysts expecting stronger rupee momentum ahead.
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The rupee gained 9 paise to 88.51 against the US dollar, aided by lower crude prices. Investor sentiment remained cautious amid volatile global equities, FII outflows, domestic PMI data, and developments in the proposed India-US trade agreement.
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The rupee fell 6 paise to 88.72 against the US dollar in early Monday trade due to a firm dollar and ongoing foreign capital outflows. Equity gains and lower crude prices limited losses as investors watch India-US trade talks and PMI data.
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The rupee fell 7 paise to 88.69 against the US dollar on Thursday amid a firm dollar index and weak domestic equities. Experts say new export promotion measures may stabilize the currency over the medium term.
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The rupee fell 15 paise to 88.65 against the US dollar on Wednesday, pressured by rising crude prices and FII outflows. Optimism over a potential India-US trade deal and MSCI-driven inflows provided partial support to the domestic currency.
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The rupee fell 4 paise to 88.69 against the US dollar in early trade on Monday, pressured by a strong dollar amid the US government shutdown and rising crude oil prices. Markets show short-term consolidation with medium-term rupee strength.
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The rupee fell 3 paise to 88.66 against the US dollar on Friday amid foreign fund outflows and a stronger greenback. Weak domestic equities and higher crude oil prices further weighed on the local currency, traders said.
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The rupee appreciated by 8 paise to 88.62 against the US dollar in early trade on Thursday, supported by strong domestic equities and lower crude prices. However, selling by foreign investors limited larger gains, forex traders said.
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Gold prices slipped on Tuesday as a stronger US dollar and waning expectations of further Fed rate cuts prompted investors to book profits. Analysts cited easing US-China tensions and China’s new tax policy as added pressure on bullion demand
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The rupee weakened 7 paise to 88.77 against the dollar on Monday, pressured by rising crude oil prices, foreign fund outflows, and weak equities, even as the dollar eased. Forex reserves and fiscal data also signalled economic pressure.
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The rupee rose 5 paise to 88.64 against the US dollar in early trade on Friday, aided by lower crude prices and a weaker dollar. Persistent foreign fund outflows and equity market selling limited further gains in the domestic currency.
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The rupee fell 21 paise to 88.43 against the US dollar on Thursday amid a stronger greenback after Fed Chair Jerome Powell said a December rate cut is not certain. Weak equities and FII outflows added to the pressure.
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The rupee slipped 12 paise to 87.95 against the US dollar on Monday, weighed down by higher crude oil prices amid optimism over a US-China trade deal. Forex reserves rose by USD 4.5 billion to USD 702.28 billion, RBI data showed.