Trading the Indian Rupee The currency of India is known as the Rupee, and has a Forex code of INR. Currently, there are 24 trillion Rupees in circulation, and it is the 20th most traded currency in the world, with around US$53 billion worth of Rupees traded each day on the currency markets.
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Forex › View: Rupee ... View: Rupee likely to trade in a small range. Rupee cuts losses to end flat at 76.27 as dollar weakens. Rupee up 6 paise at 75.53 against the US dollar. Rupee pares initial gains, settles 27 paise higher at 74.89 against US dollar. Rupee settles 78 paise higher at 75.16 a dollar on stimulus boost.
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The rupee on Monday appreciated by 4 paise to settle at 71.32 against the greenback even as crude oil prices surged. Volatility for the dollar was confined to a narrow range after the White House’s trade adviser said the US-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Trump or the US Trade Representative.
By Gaurang Somaiya Rupee sharply rose against the US dollar as global crude oil prices were weighed down following worries of oversupply and as the dollar weakened against its major crosses after dovish statement by the Federal Reserve. On the domestic front, trade number showed the deficit widened in November to $16.7 compared with $17.13 in the previous month.
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Get Pakistan Open Market & Inter Bank forex rates. Get forex conversion rate from PKR to GBP, USD, Euro. Find Pak rupee exchange rate in Pound & US dollars. Read forex news & articles for forex trading.
Sebi paves the way for rupee derivatives trade at IFSC The move will benefit Indian bourses at IFSCs by bringing rupee trading to the country, as such derivative contracts are presently dominated by exchanges in Dubai and Singapore.
RBI allows banks to trade in offshore rupee derivative market In the past, ... The measure is aimed at improving depth and price discovery in the forex market segments by reducing arbitrage between onshore and offshore markets, ... Trade setup: Nifty bounce may continue, but stay stock specific.
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