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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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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.02 per cent at 92.70.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 92.40.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent up at 92.18.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.05 per cent at 92.45.
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Global oil benchmark Brent crude futures fell 0.03 per cent to USD 74.55 per barrel.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08 per cent down at 92.13.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.12 per cent up at 92.33.
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Global oil benchmark Brent crude futures fell 0.05 per cent to USD 75.80 per barrel.
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The expectations of higher-than-expected fiscal deficit after governments' announcement of new relief package on Monday weighed on investor sentiment.
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The domestic currency had lost 128 paise in the last eight trading sessions till Thursday.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 90.53.
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Brent crude futures, the global oil benchmark, rose 0.88 per cent to USD 73.33 per barrel.
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Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave.
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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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On the domestic equity market front, the BSE Sensex ended 514.56 points or 1 per cent higher at 51,937.44.
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Forex traders cautioned that the coronavirus risk still persists and a lot will depend on aggressive rollouts of the vaccination programme.
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The Indian rupee opened on a flat note and edged higher by 4 paise to 72.73 against the US dollar in early trade on Thursday.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 89.87.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 89.71.