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The rupee depreciated 7 paise to 83.38 against the US dollar in early trade on Friday, weighed down by a negative trend in domestic equities and elevated crude oil prices. INR vs USD: Indian Rupee Depreciates 7 Paise to 83.38 Against US Dollar in Early Trade.
The Indian rupee has fallen to its lowest level against the UAE dirham since July 6. It was also weighed down against the US dollar due to a possible demand from importers, higher crude prices and a sharp fall in Indian equities. There are concerns regarding the outflows of Russian funds held in rupees with Indian banks. But with a forex pile of over $600 bn, RBI will be able to manage the volatility, suggest analysts
Get latest articles and stories on India at LatestLY. The rupee depreciated 14 paise to 81.92 against the US dollar in early trade on Tuesday, tracking the strength of the American currency in the overseas market. Rupee vs Dollar: Indian Rupee Falls 14 Paise to 81.92 Against US Dollar in Early Trade.
Gold rate today has immediate support placed at $1,980 levels in international market whereas on MCX, gold price today has strong support at ₹59,700 per 10 gm levels
Traders may take cues from manufacturing and services PMI, durable goods orders and new home sales data. They will remain cautious ahead of the Federal Open Market Committee (FOMC) meeting minutes later today, Choudhary added. �� USD vs INR: Indian Rupee Falls 18 Paise to Close at 81.85 Against US Dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 113.06. Brent crude futures, the global oil benchmark, slipped 0.17 per cent to USD 92.25 per barrel. INR Vs USD: Indian Rupee Hits Record Low of 83.06 in Opening Trade Against US Dollar.
Indian Rupee (INR) has come under renewed pressure against dollar and once again depreciated to a record low of 83.075 against US dollar touching another lifetime low on Thursday. Economists believe that INR will remain under pressure and may see 85 level in short-term period. INR vs USD: Economists Believe Indian Rupee Will Remain Under Pressure, May Fall to 85 Level Against US Dollar.
Global oil benchmark Brent crude futures rose 1.20 per cent to USD 116.47 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent lower at 103.92. Rupee Hits Record Low of 78.59 Against US Dollar in Early Trade.