Emerging Market Currencies

Rupee gains 39 paise to 68.50 ahead of Budget; lower oil prices, stronger domestic equity markets support domestic currency

At the interbank foreign exchange market, the rupee opened at 68.86 per dollar and advanced to a high of 68.49 during the day.

Rupee seen facing more punishment weighed down by political uncertainty, but no new record low: Report

The rupee’s path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India’s policy.

Rupee at 2-week high, gains 53 paise at Rs 71.84 in early trade on increased selling of dollars by exporters, banks

the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.

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