Mumbai: The rupee depreciated 10 paise to provisionally close at 75.57 against the US dollar on Thursday as strengthening US dollar and weak domestic equities weighed on investor sentiment. Forex traders said sustained foreign fund inflow and the revival of business activities supported the local unit, but concerns about US-China trade tiff dragged the local […]
Read MoreMumbai: The rupee depreciated by 14 paise to 75.80 (provisional) against the US dollar on Wednesday as headwinds due to US-China trade tiff and worries over the second wave of coronavirus infection weighed on investor sentiment. Forex traders said positive domestic equities supported the local unit, while sustained foreign fund outflows, US-China trade tiff and […]
Read MoreWashington: US stocks slipped Tuesday in the first trading day of a holiday-shortened week, following up on losses around the world as worries deepened about a virus outbreak in China. Asian stocks dropped sharply, while European markets and crude oil also stumbled on concerns that the new coronavirus spreading in the world’s second-largest economy could […]
Read MoreNew York: Wall Street stocks edged higher early Wednesday ahead of the signing of the US-China trade accord and as markets digested mixed earnings reports. Investors have welcomed the trade deal as a sign of mellowing tensions between the two economic superpowers, but some analysts note investors have largely priced in the positive news, which […]
Read MoreMumbai: The rupee pared initial losses and settled 16 paise up at 71.04 against the US dollar on Monday amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas. Fresh foreign fund inflows and positive developments on the US-China trade front also propped up the local unit, forex traders said. At […]
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