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Searched Tag: us dollar index
Over 90 per cent of the Russia-China trade is now settled in rubles or yuan; while India pays for Russian oil in rupees and dirhams (Representative Image)

Local currency trade to grow as countries seek dollar alternative

July 11, 2025, 03:54 PM - 3 min read

With proper planning, local currency trade can cut transaction costs by up to 4 per cent by avoiding double-dollar conversions at both the buyer and seller end

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Rupee slips 9 paise against US dollar in early trade

June 5, 2025, 10:34 AM - 3 min read

The rupee fell by 9 paise to 85.96 against the US dollar on Thursday, weighed down by strong dollar demand and geopolitical tensions. Traders await cues from the Reserve Bank of India’s upcoming policy announcement.

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The rupee fell to 85.45 against the US dollar on Thursday. Representative image.

Rupee slips 7 paise to 85.45 against US dollar in early trade

May 29, 2025, 09:46 AM - 3 min read

The rupee weakened by 7 paise to 85.45 against the US dollar in early trade on Thursday, as the greenback firmed following a US federal court ruling that blocked President Trump’s reciprocal tariff order. Crude prices and weak domestic output data further weighed on the currency, despite strong equity inflows.

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Rupee gains 40 paise to 85.05 against US dollar in early trade

May 26, 2025, 10:27 AM - 3 min read

The Indian rupee surged 40 paise to 85.05 against the US dollar in early trade on Monday, buoyed by a weakening dollar index, strong equity markets, foreign fund inflows, and the RBI’s record dividend payout to the government. Economic data releases this week remain key.

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Fall in dollar index lets rupee settle at 85.25

May 23, 2025, 06:03 PM - 2 min read

Brent crude, the global oil benchmark, fell 0.22 per cent to USD 64.30 per barrel in futures trade

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Indian rupee rises 12 paise as US dollar weakens

March 20, 2025, 10:28 AM - 3 min read

The rupee appreciated by 12 paise to 86.25 against the US dollar in early trade on Thursday, aided by strong domestic equities and a weaker greenback. However, persistent FII outflows and global trade uncertainties, particularly surrounding Trump's tariff policies, continue to pose risks to the currency’s upward momentum.

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