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GTRI says depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped 31.25 per cent, rising from USD 65,877 per kg in January 2024 to USD 86,464 per kg in January 2025
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The government has started trade in the rupee with neighbouring countries, including Nepal and Bhutan, Parliament was informed on Wednesday.
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Global oil benchmark Brent crude futures down 0.22 per cent to USD 76.01 per barrel.
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At the interbank foreign exchange, the domestic unit opened at 74.20 against the dollar, then inched higher to 74.18, registering a gain of 9 paise over its previous close.
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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 rupee opened lower at 74.18 against the dollar, then fell further to 74.20, registering a fall of 10 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 73.65 against the dollar, registering a decline of 33 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 73.29 against the dollar, then inched higher to quote 73.26, a rise of 5 paise over its previous close of 73.31 on Tuesday.
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At the interbank foreign exchange, the domestic unit opened at 73.21 against the dollar, registering a decline of 14 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 72.96 against the dollar, then inched higher to 72.94, registering a gain of 3 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 72.90 against the dollar, then slipped 13 paise to 73.02 against the American currency.
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At the interbank foreign exchange, the rupee opened at 72.78 against the dollar and inched up to touch 72.77 in early deals, registering a rise of 3 paise over its previous close.
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At the interbank foreign exchange, the rupee opened strong at 72.85 against the dollar and lost some ground to touch 72.87 in early deals, a rise of 12 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 72.57 against the dollar
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At the interbank foreign exchange, the domestic unit opened at 72.38 against the dollar, then inched higher to 72.36
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At the interbank foreign exchange, the domestic unit opened at 72.75 against the dollar, then inched higher to 72.73, registering a gain of 4 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 72.85 against the dollar
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However, a positive trend in domestic equity markets and foreign fund inflows restricted the rupee's fall, forex traders said.
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At the interbank foreign exchange, the domestic unit opened at 73.16 against the dollar
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At the interbank foreign exchange, the domestic unit opened on a flat note at 73.02