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Rupee Pares Losses To End 9 Paise Higher At 72 65 On Weak Dollar Forex Inflows

BW Businessworld Rupee Pares Losses To End 9 Paise Higher At 72.65 On Weak Dollar, Forex Inflows The domestic unit finally ended 9 paise higher at 72.65 against the US dollar. On Wednesday, the rupee had settled at 72.74 against the American currency. Photo Credit : The rupee pared its initial losses to settle higher by 9 paise at 72.65 against the US dollar on Thursday following consistent forex inflows and losses in the American currency in the global markets. At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. The rupee touched a low of 72.78 and a high of 72.65 during the day.

Sensex ends 379 points lower, Nifty at 15,118; Bajaj Finance, Kotak Bank, M&M, Nestle top losers

Sensex ends 379 points lower, Nifty at 15,118; Bajaj Finance, Kotak Bank, M&M, Nestle top losers
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Rupee Extends Gains, Trades At Day s High At 72 86 Per Dollar

Rupee ends near day s low at 72.92 per dollar We expect the Indian rupee to hover in the range of 72.50-73.50 in near term, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking. Representative image Indian rupee erased most of the intraday gains and ended near the day s low level at 72.92 per dollar, amid profit booking saw in the domestic equity market. It opened flat at 72.94 per dollar against Monday s close of 72.95 and traded between 72.78-72.94. At close, the Sensex was down 937.66 points or 1.94% at 47,409.93, and the Nifty was down 271.40 points or 1.91% at 13,967.50. The rupee has managed to hold its fort around the 72.90 to 73 levels, but given the selloff in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward. In terms of the global cues, the Federal Reserve’s policy decision this week is not expected to be ultra-dovish. More so, markets will be watching the F

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