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The rupee slipped 5 paise to 88.16 against the US dollar on Thursday, tracking cautious sentiment ahead of India-US trade talks. The currency remains range-bound as the RBI intervenes, while equities advanced and global crude prices eased.
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The rupee rose 5 paise to 88.10 against the US dollar in early trade Wednesday, supported by FII inflows and a weaker greenback. However, gains were capped by higher crude oil prices amid geopolitical tensions in West Asia.
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The Indian rupee slipped 18 paise to 87.76 against the US dollar on Friday due to persistent foreign fund outflows and US tariffs. RBI interventions and government support measures aim to stabilize currency and mitigate impact on exporters.
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The rupee slipped 11 paise to 87.36 against the US dollar amid rising dollar demand. Positive FII inflows and lower crude prices limited losses as traders awaited US Fed Chair Jerome Powell’s remarks at the Jackson Hole Symposium.
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The rupee gained 6 paise to 86.06 against the US dollar on Friday, supported by softer crude prices and a weaker dollar. However, continued foreign fund outflows limited further gains. Equity markets also opened lower amid trade deal uncertainties.
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The rupee rose 12 paise to 85.80 against the US dollar on Thursday, supported by falling crude prices and progress in India-US trade talks. Gains were capped by FII outflows and a firm dollar. Brent crude traded lower at USD 68.46.
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The rupee fell 22 paise to 85.98 against the US dollar in early trade on Wednesday, weighed by rising global crude prices and weak trade data. However, later gains were supported by FPI inflows and a weaker dollar overseas.
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The rupee slipped 17 paise to 85.97 against the US dollar on Monday due to a strong greenback and FII outflows. Market sentiment was also weighed by uncertainty over US tariffs, even as India remains exempt for now.
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The rupee fell 19 paise to 85.89 against the US dollar after Donald Trump proposed steep tariffs on Canadian imports. Market jitters followed, capping rupee strength. India-US trade talks continue, with efforts to finalise the first phase by October.
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The rupee weakened by 17 paise to 85.90 against the US dollar on Wednesday due to a stronger greenback and weak domestic equities. A dip in Brent crude prices helped limit further losses. FIIs sold Rs 26 crore worth of shares.
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The rupee weakened by 26 paise to 85.66 against the US dollar on Monday, pressured by FII outflows and a sluggish equity market. However, rising forex reserves, lower crude prices, and a weak dollar helped limit the currency's losses.
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The rupee appreciated 21 paise to 85.34 against the US dollar on Friday, supported by gains in Asian currencies amid optimism over trade deals. US-Vietnam agreement, falling dollar index, and strong domestic PMI data boosted investor confidence.
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The Indian rupee fell 14 paise to 86.57 against the US dollar on Thursday, pressured by global risk-off sentiment, strong dollar demand from oil importers, and elevated crude prices. The US Fed kept rates unchanged, projecting two future cuts.
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The rupee dropped 56 paise to 86.08 against the US dollar due to surging oil prices and geopolitical tensions after Israel's attack on Iran. Weak equities, FII outflows, and a tragic Air India crash further dented investor confidence.
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The rupee weakened by 25 paise to 85.86 against the US dollar in early trade on Wednesday amid FII outflows. The decline was cushioned by positive equities and soft crude prices. Markets await RBI's policy announcement later this week.
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rupee, US dollar, forex, currency exchange, crude oil, dollar index, exporters, banks, domestic equity, macroeconomic data, investor sentiment, foreign exchange, greenback, US consumer confidence, Japanese bond yields, yen, interbank trade, financial markets
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Forex traders noted that expectations of an RBI rate cut in the upcoming MPC meeting—driven by easing food and energy prices—are dampening short-term sentiment for the rupee, despite the potential for such a move to support long-term economic growth.
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According to forex traders, escalating geopolitical tensions between India and Pakistan have triggered a risk-off sentiment in the market, contributing to the rupee's decline. Additionally, rising demand for the US dollar has further dampened investor confidence.
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Forex traders said India is presenting a picture of quiet strength. The Reserve Bank of India, in its recent bulletin, emphasised India's growing economic resilience, driven by strong macro fundamentals, diverse trade ties, and rising global interest in Indian markets.
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Forex traders noted that market sentiment improved after Donald Trump, on Tuesday, stepped back from his earlier threats to dismiss Federal Reserve Chair Jerome Powell, following days of escalating criticism over Powell’s reluctance to cut interest rates. Trump also hinted at the potential for reduced tariffs on Chinese goods.