Author: Hiba khan

The rupee devalued 8 paise to 82.88 against the US dollar in dawn exchange on Thursday after the US Federal Reserve lifted interest rates and conserved a hawkish stance.

At the interbank foreign trade, the domestic unit unwrapped at 82.87 against the dollar, then lost further ground to quote at 82.88, enrolling a loss of 8 paise over its earlier close. The rupee devalued 8 paise to 82.88 against the US dollar in dawn exchange on Thursday after the US Federal Reserve lifted interest rates and conserved a hawkish stance. In the preliminary exchange, the local unit also touched 82.84 against the American currency. On Wednesday, the rupee solidified at 82.80 against the American currency. By A. K. Bhansali, Head of Treasury, Finrex Treasury Advisors, the US Fedโ€™s analysis…

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The rupee declined 31 paise to shut at 82.78 versus the US dollar

At the interbank foreign exchange market, the local unit began at 82.35 and noticed a high of 82.32 and a downward of 82.80. It eventually resolved at 82.78 versus the American currency, recording a decline of 31 paise over its last close of 82.47.ย  The rupee cut its initial increases and resolved 31 paise downward at 82.78 (provisional) versus the US dollar on Monday, tracing the vitality of the American currency in the overseas market. At the interbank foreign exchange market, the regional unit began at 82.35 and noticed a high of 82.32 and a downward of 82.80.ย  It eventually…

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