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Commerce Minister Piyush Goyal said the government does not intervene in exchange rates as they are market-driven, influenced by global factors. He added that India is focused on boosting exports, reducing imports, and strengthening investment through trade reforms and policy support
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The Indian rupee strengthened for a second straight session, rising 63 paise to close at 95.73 against the US dollar. Support came from easing crude oil prices, positive equity markets, softer US yields and expected Reserve Bank of India intervention
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The rupee strengthened by 18 paise against the US dollar in early trade on Friday, aided by softer crude oil prices, hopes of easing geopolitical tensions and RBI intervention measures. Markets also reacted positively to signals of constructive diplomatic talks involving Iran.
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The Indian rupee fell to a fresh all-time low of 96.90 against the US dollar in early trade on Wednesday, pressured by a strong dollar, rising crude oil prices, foreign investor outflows and weakness in domestic equity markets amid global uncertainty.
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The rupee slumped to a fresh all-time low of 96.25 against the US dollar in early trade on Monday amid soaring crude oil prices, geopolitical tensions and a stronger dollar, while experts warned of further pressure if global energy uncertainty continues.
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The domestic currency opened at 95.86 in the interbank foreign exchange market and slipped to 95.94 during early trade, after touching an all-time low of 95.96 in the previous session.
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The rupee fell to a record low of 95.86 against the US dollar in early trade on Thursday amid rising crude oil prices and escalating West Asia tensions. Traders said geopolitical uncertainty and energy market volatility continue to pressure the Indian currency and investor sentiment.
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The RBI is employing a "non-direct" strategy to defend the struggling rupee, according to forex traders.
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The rupee weakened by 11 paise to 94.95 against the US dollar in early trade amid Middle East tensions, high crude oil prices and foreign fund outflows. Markets remain volatile as geopolitical uncertainty and domestic factors weigh on investor sentiment.
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The Indian rupee ended 4 paise higher at 94.84 against the US dollar, supported by softer crude prices, though pressures from rising oil, FII outflows, and global uncertainties capped gains. Markets remain cautious amid US-Iran tensions and inflation concerns
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The rupee weakened 13 paise to 94.81 against the US dollar in early trade, pressured by elevated crude oil prices and global uncertainty. Investor sentiment remained cautious ahead of the US Federal Reserve policy decision and continued foreign capital outflows.
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Gold prices in New Delhi fell ₹1,800 to ₹1.54 lakh per 10 grams while silver dropped ₹6,500, pressured by rising crude oil prices, a stronger US dollar, and expectations of prolonged higher interest rates impacting global bullion markets
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Gold and silver prices declined nearly 1% on Multi Commodity Exchange amid global pressure. Strong US dollar, rising bond yields, and geopolitical tensions weighed on sentiment, while crude oil above $100 per barrel added inflation concerns
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The rupee weakened for the fifth consecutive session, falling to 94.25 against the US dollar amid rising crude oil prices, a stronger dollar, and geopolitical tensions in West Asia, while continued foreign fund outflows and weak equities further pressured the domestic currency.
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The rupee weakened for the third consecutive session, falling 31 paise to 93.75 against the US dollar, pressured by rising crude oil prices, foreign capital outflows, and uncertainty surrounding a potential West Asia peace agreement and escalating geopolitical tensions.
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The rupee fell 25 paise to 93.16 against the United States dollar amid West Asia tensions and rising crude concerns. Disruptions near the Strait of Hormuz increased dollar demand, keeping the local currency under pressure despite earlier gains
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The rupee appreciated by 13 paise against the US dollar in early trade, supported by falling crude oil prices and RBI measures. However, forex traders expect volatility to persist amid geopolitical tensions following Iran’s closure of the Strait of Hormuz.
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The rupee appreciated 28 paise to 92.86 against the US dollar in early trade, supported by easing geopolitical tensions, foreign fund inflows and positive domestic equities, though gains were capped by a firm dollar and global uncertainties.
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The rupee appreciated 6 paise to 93.27 against the US dollar in early trade on Thursday, supported by easing crude oil prices and a weaker dollar, though foreign fund outflows and importer demand capped sharper gains.
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The rupee appreciated 20 paise to 93.15 against the US dollar in early trade, supported by softer crude oil prices and a weaker dollar. Improved sentiment also followed renewed hopes of US-Iran talks, boosting domestic equity markets.