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Rupee opens the week negative
Feb 13,2017

A wide dollar strength against a bunch of currencies dragged rupee value down on Monday (13th February). Rupee closed lower at 67.0150/0250 per dollar versus its previous close of 66.89/90 per dollar last Friday.

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Rupee sustains momentum
Feb 09,2017

Rupee closed higher at 66.8425/8525 per dollar on Thursday (09 February 2017), versus its previous close of 67.1950/2050 per dollar.

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Rupee edges up
Feb 08,2017

Rupee closed higher at 67.1950/2050 per dollar on Wednesday (08 February 2017), versus its previous close of 67.41/42 per dollar.

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Dollar strength drags rupee
Feb 07,2017

Rupee closed lower at 67.42/43 per dollar on Tuesday (07 February 2017), versus its previous close of 67.19/20 per dollar.

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Rupee opens the week on a strong note
Feb 06,2017

Rupee opened the week on a stronger note closing at 67.19/20 per dollar on Monday (06 February 2017), higher than its previous close of 67.31/32 per dollar last Friday.

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Rupee closes the week with gain
Feb 03,2017

Rupee closed higher on Friday (03 February 2017) at 67.31/32 per dollar, versus its previous close of 67.3675/3775 per dollar.

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Rupee widens gains
Feb 02,2017

Rupee closed higher at 67.3675/3775 per dollar on Thursday (02 February 2017), versus its previous close of 67.4750/4800 per dollar.

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Rupee widens gains on dollar weakness
Jan 31,2017

Rupee extended its gain on Tuesday (31 January 2017) to close at 67.8070/8270 per dollar, versus its previous close of 67.9247/9447 per dollar.

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Rupee extends losses
Jan 20,2017

Rupee extended its losses on Friday (20 January 2017) to close lower at 68.19/21 per dollar, versus its previous close of 68.1077/1278 per dollar.

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Rupee plunges
Jan 19,2017

Rupee closed lower at 68.1077/1278 per dollar on Thursday (19 January 2017), versus its previous close of 68.07/08 per dollar.

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Rupee fades
Jan 18,2017

Rupee closed lower on Wednesday (18 January 2017) at 68.07/08 per dollar, versus its previous close of 67.9389/10 per dollar.

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Bright day for bullions
Jan 18,2017

Bullion prices ended substantially higher at Comex on Tuesday, 17 January 2016 at Comex. Gold prices settled at their highest level since mid-November on Tuesday as nervousness surrounding Britains push to exit from the European Union and U.S. President-elect Donald Trumps inauguration this week fed haven demand for the precious metal.

Gold for February delivery rose $16.70, or 1.4%, to settle at $1,212.90 an ounce after trading as high as $1,218.90.

Silver for March delivery rose 38.3 cents, or 2.3%, to $17.148 an ounce.

Just days ahead of his inauguration, Donald Trump has predicted that more countries will leave the EU and described NATO as obsolete. He has also commented on China, stoking fears over a possible trade war.

In an interview on Friday, Trump said the dollar, which touched a more than 14-year high about two weeks ago, has gotten n++too strong,n++ as China keeps its own yuan weaker. He said the dollars strength is impeding the competitiveness of U.S. companies. Meanwhile, U.K. Prime Minister Theresa May has announced that the U.K. isnt looking to be a partial member of the EU, which has also aggravated fears of the future of the union.

The ICE U.S. Dollar Index was trading 0.7% lower on Tuesday as gold futures settled, and U.S. stocks were moving broadly lower.

Gold futures had gained about 1.9% last week, boosted by a retreat for the dollar and stock markets, as post election enthusiasm for riskier assets stalled. Speculative financial investors have built up net long positions in the metal for the first time in nine weeks.

Data on Tuesday showed that an index of manufacturing conditions in the New Year area pulled back in January from an eight-month high at the end of last year. The Empire States general business conditions slipped to 6.5 in January from a revised 7.6 in December.

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Precious metals end on mixed note
Jan 13,2017

It was mixed finish for bullion metals on Thursday, 12 January 2017 at Comex. Gold prices on Thursday hit a new seven-week high, as the dollar fell on disappointment that President-elect Donald Trump didnt provide details on his economic plans at a closely watched news conference. But prices for the yellow metal finished just short of the $1,200-an-ounce level. But silver ended marginally lower.

Gold for February delivery rose $3.20, or 0.3%, to settle at $1,199.80 an ounce, paring earlier gains that lifted it to a high of $1,207.20. The metal has gained in seven out of the last eight sessions.

March silver fell less than half a cent to $16.825 an ounce.

On Thursday, U.S. stocks traded broadly lower, bonds rose and the dollar fell - all of which are supporting a continued rebound in gold.

The ICE Dollar Index slid 0.6% to 101.22, trading around its lowest level in a month.

The sharp dollar drop came after Trump on Wednesday, in his first full-scale press conference since July, offered few details on his administrations plans for economic stimulus, trade policy and tax reforms, but instead focused on railing against news outlets. Investors had hoped for more clarity on his policies to keep the dollar and stock rally going.

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Rupee gains marginally
Jan 10,2017

Rupee closed marginally higher at 68.1779/1930 per dollar on Tuesday (10 January 2017), versus its previous close of 68.20/21 per dollar.

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Rupee tumbles
Jan 09,2017

Rupee closed lower below 68-mark at 68.20/21 per dollar on Monday (09 January 2017), versus its previous close of 67.9509/9700 per dollar.

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