The rupee depreciated for the fourth straight day and settled 9 paise lower at its lifetime low of 83.22 (provisional) against the US dollar on Thursday amid a firm American currency and elevated crude oil prices. Positive trend in the domestic equity markets, however, provided a cushion to the rupee, according to forex traders.
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Rupee falls 9 paise to settle at all-time low of 83.22 against US dollar
The rupee depreciated for the fourth straight day and settled 9 paise lower at its lifetime low of 83.22 (provisional) against the US dollar…
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Positive trend in the domestic equity markets, however, provided a cushion to the rupee, according to forex traders.
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- Track follow-on funding and execution.
- Watch customer and market adoption.
- Monitor policy, competition and profitability.
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Covers funding, venture capital and startup ecosystem trends.
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