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Forex traders noted that a weak American dollar and lower crude prices helped support the rupee, preventing a sharper decline. At the interbank foreign exchange, the rupee opened lower at 83.79 and further weakened to 83.84 against the dollar, down 7 paise from the previous day's close of 83.77.
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Elevated level of crude prices crossing USD 84 a barrel and subdued sentiment in the domestic equity markets also weighed on the Indian currency, forex traders said.
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The strong opening comes after two straight trading sessions of losses for the benchmark indices.
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At the interbank foreign exchange, the domestic unit opened at 74.26 against the dollar, then inched higher to 74.25, registering a gain of 12 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened on a flat note at 73.02
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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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At the interbank foreign exchange, the domestic unit opened at 73.41 against the dollar
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This also marks the highest fund-raising through IPOs in last three years.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.10 per cent to 91.53.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.23 per cent to 92.16 ahead of the inflation data this Wednesday.
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The Sensex and the Nifty continued their upward journey for the third straight session on Wednesday, as the BSE benchmark surged nearly 1,148 points.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 90.35.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 90.
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The dollar index, which gauges the greenback's strength against a basket of six currencies was trading 0.01 per cent down at 90.93.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.17 per cent to 90.66.
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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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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 91.05.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.31 per cent to 90.73.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 90.23.
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Mumbai: The rupee rose by 3 paise to settle at 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market. At the interbank forex market, the rupee opened at 72.95 against the American currency, and hit an intraday high of 72.89 […]
