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Forex traders noted weakened investor sentiment due to strong American currency and high international crude oil prices.
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At the interbank foreign exchange, the domestic currency opened at 83.01, then touched 82.99 against the greenback in initial deals, registering a rise of 8 paise from its previous close.
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At the interbank foreign exchange, the rupee opened at 82.94 against the dollar, later reaching 82.90, marking a 6 paise gain from its last close.
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"At the interbank foreign exchange, the rupee started at 83.03 against the dollar, marking a 2 paise increase from its last closing."
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Forex traders said the interim budget had a positive impact on the domestic currency as it highlighted a reduction in the fiscal deficit to 5.1 per cent of GDP for FY25.
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The domestic currency opened at 83.13 and slipped further to 83.15 against the dollar, registering a loss of 3 paise from its previous close.
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At the interbank foreign exchange, the domestic currency opened at 82.82 and touched 82.77 against the greenback in initial trade, registering a rise of 18 paise from its previous close.
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At the interbank foreign exchange, the domestic currency opened weak at 83.08 and traded between 82.86 and 83.10 against the greenback during intra-day deals
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The inflow of foreign funds and a downward trend in crude oil prices also supported the Indian currency, forex traders said
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According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices
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Gold prices have been rising in the international market on the back of depreciating US dollar and falling bond yields
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At the interbank foreign exchange, the rupee opened at 83.33 against the dollar. It touched a low of 83.36 in initial deals, registering a fall of 2 paise over its previous close.
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The US currency also weakened against its major global rivals which supported the rupee sentiment despite FII outflows, forex dealers said.
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Forex dealers noted that despite FII inflows and ongoing losses in crude oil prices, they helped prevent a further decline in the rupee.
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Rupee started strong against the US dollar as American currency weakened due to easing US inflation, noted forex traders.
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Orders dried up as a result of this, they said, adding that this created a heightened uncertainty in the forex market, causing excess volatility in the Indian rupee, which was avoidable.
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At the interbank foreign exchange, the rupee opened at 83.28, higher by 1 paisa from its previous close.
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Forex traders said sustained foreign fund outflows also dented investor sentiments.
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Forex traders said the rupee rose after the American currency dropped from its elevated levels, following a slower-than-expected US job growth in October.
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Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.