FOREX NEWS

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

Rupee extends rally against US dollar on sustained selling  -   16/10/2017 15:12
T he Indian Rupee continued gaining streak for the sixth straight session against the US dollar on Monday as dollar demand eased by exporters and banks. According to forex dealers, weakness in dollar against major currencies overseas also boosted the rupee. The local currency also got a lift as the country’s trade deficit narrowed to a seven-month low, while retail inflation in September rose at a...
Rupee extends rally against greenback on strong macro data  -   13/10/2017 12:25
T he Indian Rupee extended rally against the US dollar on Friday as dollar demand eased as US Federal Reserve turned dovish on inflation, which pushed exporters and banks increasingly away from the greenback. The local currency also got a lift by strong macro data which showed that India’s index of industrial production (IIP) grew at a faster pact at 4.3 per cent in August, compared to a 0.9 per ce...
Rupee gains 06 paise at 65.23 against greenback  -   12/10/2017 12:26
T he Indian Rupee was trading higher against the US dollar on Wednesday as dollar demand eased as US Federal Reserve turned dovish on inflation, which pushed exporters and banks increasingly away from the greenback. At the Interbank Foreign Exchange Market, the local currency was up by 06 paise at 65.23 per dollar against a previous close of 65.29 per dollar at 12:25 hours. During the day’s trade s...
Rupee trades higher against US dollar  -   11/10/2017 12:48
T he Indian Rupee was trading higher against the US dollar on Wednesday as dollar demand eased in trade as investors shifted focus to riskier appetite, which pushed exporters and banks increasingly away from the greenback. At the Interbank Foreign Exchange Market, the local currency was up by 04 paise at 65.39 per dollar against a previous close of 65.43 per dollar at 12:55 hours. During the day’s...
Rupee edges higher against US dollar  -   09/10/2017 12:27
T he Indian Rupee was trading higher against the US dollar on Monday as dollar eased in trade as the rally triggered by strong US data fizzled as sentiments were dented by the softer than expected non-farm payrolls performance for September. At the Interbank Foreign Exchange Market, the local currency was up by 06 paise at 65.49 per dollar against a previous close of 65.55 per dollar at 12:25 hours. A...
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