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Pakistan''s rupee depreciates % against US dollar

Follow us. Pakistan''s rupee sustained losses against the US dollar in the interbank market, depreciating % on Monday. As per the State Bank of Pakistan (SBP), the rupee closed at after ...

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Indian rupee weakens on Fed rate hike bets, dollar demand ... Kitco News

Kitco News. MUMBAI, Aug 8 (Reuters) The Indian rupee resumed its decline versus the greenback on bets of larger interest rate hikes from the Federal Reserve and demand for dollars from importers. The rupee closed down % to per dollar, after a shortlived bump on Friday that saw the currency rise following a 50 basis point ...

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Rupee freefall continues in interbank market

2 days agoThe local currency remained under pressure since the start of the current fiscal year. The rupee lost or 8 per cent from to dollar on June 30, 2022 to the current level of At the open market, the buying and selling of the dollar was recorded at Rs231 and at 4:00pm PST. Advertisement

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IndiaRussia explore a rupeerouble payment scheme to bypass war

Mar 31, 2022While down from per barrel earlier in the month, it was still up from per barrel the day before the Russian invasion. The sharp rise in oil prices since the start of the Russian...

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An Easier Solution for RupeeRuble Payments Armstrong Economics

India imported billion in goods to Russia in 2021, and the finance ministry has no plans to slow that source of revenue. India has not placed sanctions on Russia. The Federation of Indian Export Organizations (FIEO) announced that India will now switch to a SWIFT alternative that permits rupeeruble payments between the two nations.

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World Food Prices Extend Drop as Supply Uptick Offers Relief

September 2, 2022, 2:34 AM · 2 min read. World Food Prices Extend Drop as Supply Uptick Offers Relief. (Bloomberg) Global food prices fell for a fifth month after demand for some products ...

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Top public sector banks may soon end wait on trade settlement in rupee ...

2 days agoTop public sector banks — such as State Bank of India (SBI) and Bank of Baroda (BoB) — are working to make operational the Reserve Bank of India''s (RBI) latest mechanism for settling international payments in rupee, according to people aware of the development. The move is aimed at boosting trade with sanctionshit Russia.

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Russia sets fixed gold price as it restarts official ... Kitco News

Mar 28, 2022(Kitco News) Russia''s central bank resumed its gold purchases from local banks on Monday, but it set a fixed price on the precious metal. Starting this week, the Russian central bank will pay a fixed price of 5,000 roubles (52) per gram between March 28 and June 30, the bank said on Friday. This is below the current market value of around 68.

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Industry hopes Govt retains export sops on rupeesettled deals

Close up view of calculator over brand new indian 10, 50, 100, 200, 500 and 2000 rupees banknotes. Colorful money background. | Photo Credit: Denis Vostrikov

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Rupee Has Depreciated By 25% Since December 2014, Says Finance Minister

The value of the rupee declined from against a dollar on December 31, 2014, to on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data. The exchange rate...

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Indian rupee flat as traders assess bond inclusion report

The Indian 10year bond yield dropped by seven basis points. "The bond market is reacting to the report, but rupee has barely budged," a trader at a Mumbaibased bank said.

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Costlier Oil Prices, Tight Financial Conditions, FPI Outflows ... News18

The rupee on Monday opened at, after closing at an alltime low of against the US dollar on Friday. Finance Minister Nirmala Sitharaman on Monday said global factors, such as a surge in crude oil prices and tight financial conditions, along with foreign portfolio investment outflows, are responsible for the fall in the exchange rate ...

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Today Gold Rate: 22 24 Carat Gold Price in India: 06 September 2022

Singapore saw a rise in gold price by % to 1196 an ounce and silver by % to an ounce. In the capital city, 24 (%) carat and 22carat (%) gold shed Rs. 100 each to Rs 31,450 and Rs 31,300 per 10 gram, respectively. In the sovereign states, the rate remained unchanged at Rs. 24,500 per 8gram gold.

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Rupee gains 15 paise against the dollar to after Fed interest ...

The rupee strengthened by 15 paise to against the US dollar in opening trade on Thursday after the US Federal Reserve hiked interest rate by 75 basis points and signalled more rate action to ...

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India to incentivize rupeesettled exports to boost Russia trade sources

India''s imports from Russia, mainly crude oil, increased five times to more than 15 billion from Feb. 24, when Russia invaded Ukraine and the end of July, compared to the previous year, Reuters reported earlier this month. However, exports fell to million from billion in the same period.

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India Considering Rupee Payments For Trade With Russia: Report

New Delhi is preparing a list of items it can export to Russia to narrow the about 5 billion trade deficit it runs currently, while considering making payments for crude oil in rupee, the people ...

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Russia''s Central Bank Agrees to Legalize Crypto Payment

The Central Bank of Russia together with the Ministry of Finance has had a rethink on the legalization of crypto. Together they have decided that it is immi Russia''s Central Bank Agrees to Legalize Crypto Payment

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Indian rupee flat amid dollar demand from oil refiners

MUMBAI (Reuters) The Indian rupee was little changed versus the currency on Thursday as demand for dollars from oil refiners countered positive cues from Asian peers. The rupee was trading...

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