FOREX NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Rupee surges against greenback on Moody’s rating upgrade  -   17/11/2017 15:51
T he Indian Rupee was trading higher against the US dollar on Friday amid weak dollar demand by exporters and banks after global rating agency Moody's Investors Service upgraded India’s sovereign rating to Baa2. Moody's has revised India’s sovereign rating to Baa2 from Baa3 with stable outlook, citing that the reforms undertaken by the government will improve the business climate, enh...
Rupee slips 8 paise at 65.42 against greenback  -   16/11/2017 12:18
T he Indian Rupee was trading lower against the US dollar on Thursday due to strong demand of American currency by banks and importers, while sustained fund outflows by foreign portfolio investors also weakened local currency. The investors also weighed rise in CPI and WPI inflation which dimmed hope for interest rate cut by the Reserve Bank of India. At the Interbank Foreign Exchange Market, the loc...
Rupee down 3 paise against US dollar  -   14/11/2017 12:43
T he Indian Rupee continued losing streak against the US dollar on Monday due to strong demand of American currency by banks and importers and sustained outflows by foreign portfolio investors. Adding to it, volatility in crude oil prices due to political upheaval in Saudi Arabia also boosted fresh demand for dollar. At the Interbank Foreign Exchange Market, the local currency was down by 3 paise at 65.5...
Rupee extends fall against US dollar  -   08/11/2017 12:06
T he Indian Rupee continued losing momentum against the US dollar on Wednesday due to strong buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Adding to it, rise in crude oil prices due to political upheaval in Saudi Arabia also boosted fresh demand for dollar. At the Interbank Foreign Exchange Market, the local currency was down by 4 paise at 65.2...
Rupee slips 10 paise on fresh dollar demand  -   07/11/2017 12:17
T he Indian Rupee extended losing streak against the US dollar on Tuesday due to strong buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Adding to it, weakness in the domestic equity market and rise in crude oil prices amid political upheaval in Saudi Arabia also boosted fresh demand for dollar. At the Interbank Foreign Exchange Market, the local c...
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