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Latest Articles in forex
Rexit Fears: Rupee Hits 2-week Low Of 67.31, Down 23 Paise
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency on heavy bouts of dollar demand amid uncertainty in the wake of RBI Governor Raghuram Rajan's decision against pursuing a second stint.
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Rupee Pares Early Gains, Slips 6 Paise Vs Dollar To 67.21
The US dollar was on defensive against its major rivals in early Asian trade, while sliding to a 21-month low against the yen
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Rupee Tumbles 38 Paise To 1-week Low Of 67.14
Extending losses against the US dollar for the third day, the Indian rupee on Monday plunged by 38 paise to hit one-week low of 67.14 on persistent demand for the American currency from banks and importers in view of sharp fall in domestic equities
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RBI's Forex Reserves Hit Record High In Week To June 3
India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets
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Rupee Up 5 Paise Against Dollar In Early Trade
Forex dealers said weakness in dollar against some other currencies overseas and a higher opening in the domestic equity market also supported the rupee
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Yuan Falls To 6th Place Among Most-Used World Payment Currencies
Overall, yuan payments value in April decreased by 7.73 per cent from a month earlier, while in general all payment currencies decreased by 4.6 per cent, SWIFT said
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Rupee Down 8 Paise In Early Trade Against Dollar
Forex dealers said apart from increased demand for the US currency from importers, foreign fund outflows and rising global crude oil prices amid dollar's gains against other currencies overseas put pressure on the rupee
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Rupee Down 5 Paise Vs US Dollar In Early Trade
Dealers attributed the rupee's fall to increased demand for the US currency. However, a higher opening in the domestic equity market capped the losses
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Rupee Slips 6 Paise Against Dollar In Early Trade
Dealers attributed the rupee's fall to increased demand for the US currency, but a higher opening of the domestic equity market and the dollar's weakness against some currencies overseas capped the losses
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Rupee Trims Initial Gains, Up 8 Paise Against Dollar
The rupee resumed higher at Rs 66.99 against Friday's closing level of 67.05 at the Inter-bank foreign exchange market
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PM Modi Signals India Won't Join Forex Devaluation Race To Boost Trade
Says Asia's third-largest economy has never undervalued its exchange rate to boost trade and signalled the country would not join other countries in pushing their currencies lower
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Rupee Rebounds Six Paise Against Dollar
The ECB on Thursday cut its main refinancing rate to zero from 0.05 per cent and increased monthly asset buys to 80 billion euros from 60 billion euros
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Rupee's Free Fall Continues; Ends At 30-month Low Of 68.47
The rupee fell further by 9 paise to fresh 30-month low at 68.47 per dollar on persistent dollar demand from banks and importers in view of sustained foreign capital outflows in spite of recovery in domestic equities
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China FX Reserves Fall $100 Billion To Lowest Since May 2012
China's foreign exchange reserves remain the world's largest despite losing around $420 billion in the last six months
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RBI Tells Banks To Conduct Internal Audit To Curb Fraud
The move comes in the wake of irregularities that came to light last year in Rs 6,100 crore import remittances effected by a Bank of Baroda branch in Delhi
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