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At the interbank foreign exchange, the domestic unit opened weak at 81.95 against the dollar, registering a decline of 5 paise over its last close. In initial trade, the local unit also saw a high of 81.88 against the greenback.
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BSE Sensex rose by 123.64 points or 0.21 per cent to 57,737.36 while NSE Nifty gained 53.70 points or 0.32 per cent to 17,005.40 in early trade.
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The war in Ukraine is a result of the continuation of murky aggression — a clash of two powers, backed by Western oligarchs on the one hand and Russian’s on the other
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In initial trade, the rupee also touched a low of 82.61 against the American currency
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Early losses in domestic stock markets and a rebound in oil prices, however, restricted the rupee's gains.
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The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports are a crucial component.
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He also noted that this tendency pushes Russia and many other nations to switch to other currencies, most notably the Chinese yuan.
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Rupee opened at 80.1 and fell to its all-time low of 80.15 against the US dollar in intra-day trade. It settled at 79.94 a dollar, down 10 paise over its previous close of 79.84.
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While rising inflation, tightening monetary policy, and climbing crude oil prices have made the current fiscal a difficult one for the INR, the Russia-Ukraine war sparked a near-freefall.
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Hyderabad: The Indian Crude Free on Board (FOB) price dropped to $97.82 per barrel on Monday at a rupee-dollar exchange rate of 75.96 per dollar. The price is down about 5 per cent since April 1, when the Indian crude basket price was $103.02 per barrel (at exchange rate of Rs 75.81). Indian Basket (IB), […]
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At the interbank foreign exchange, the domestic unit opened at 74.32 against the dollar, then inched higher to 74.25, registering a gain of 13 paise over its previous close.
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On the domestic equity market front, the BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty fell 7.95 points or 0.05 per cent to close at 15,574.85.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 90.23.
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The IFC also plans another $15 million as a co-investment envelope to invest alongside the Fund.
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The 30-share BSE Sensex was trading 79.39 points or 0.17 per cent lower at 48,001.28.
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Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.
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Asian currencies were range-bound, and volumes were lower than usual with China, Hong Kong, UK and Australian markets shut.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.
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On the domestic equity market front, the BSE Sensex was trading 277.80 points or 0.56 per cent higher at 50,069.92.
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At the interbank forex market, the domestic unit opened at 73.52 against the US dollar and witnessed an intra-day high of 73.47 and a low of 73.61