From The Pioneer
Center-Right Owned by The PioneerRupee settles flat at 94.46 against US dollar
What's behind this
The rupee gained 16 paise and settled flat at a provisional 94.46 per US dollar on Thursday, according to reports. While lower crude oil prices provided support, a firm greenback in overseas markets offset that benefit. Forex traders noted that the rupee is showing signs of near‑term stabilisation after a sharp recovery.
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Buying momentum in the domestic equities market also favoured the Indian currency even as investors awaited the outcome of the U.S. midterm elections, according to forex traders
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right · 1 outlet
The rupee settled on a flat note at 94.46 (provisional) against the US dollar on Thursday, as the support from lower crude oil prices was negated by a firm greenback in overseas markets. Forex traders said the Indian rupee is showing signs of near-term stabilisation after recovering sharply against…
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The rupee settled on a flat note at 94.46 (provisional) against the US dollar on Thursday, as the support from lower crude oil prices was negated by a firm greenback in overseas markets. Forex traders said the Indian rupee is showing signs of near-term stabilisation after recovering sharply against…
