Thursday 24 January 2019
 
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rupee

UAE dirham appreciates against top currencies

The UAE dirham has appreciated against the currencies of both top 10 non-dollarised import and non-oil export partners by 3.08 per cent and 3.97 per cent respectively during the first nine months of 2018, a media report said. Year

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UAE, India sign pact for trade in dirham and rupee

The UAE and India have reached a historic agreement which will enable businesses on both sides to bypass the US dollar or any other foreign currency and trade directly in UAE dirhams and the Indian rupee. The agreement will mean l

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UAE, India sign pact for trade in dirham and rupee

The UAE and India have reached a historic agreement which will enable businesses on both sides to bypass the US dollar or any other foreign currency and trade directly in UAE dirhams and the Indian rupee. The agreement will mean l

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India caps dollar buying for Iran dues to shield rupee

The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday. India is one of the biggest buyers of Iranian crude

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Rupee plunges; sensex down 1,092 points

The Indian rupee dropped to fresh two-year low and the country's stock market benchmark Sensex plunged 1,092 points. The rupee was trading at 66.46 down 63 paise to the US dollar compared to it previous close on Friday on the

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DGCX sees major new milestones in H1

The Dubai Gold and Commodities Exchange (DGCX) recorded its highest Open Interest (OI) of 94,056 contracts while volumes on the Exchange jumped 11 per cent from last year to top six million contracts during the first half (H1) of the year.

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Indian rupee 'may rise sharply if Modi wins'

The Indian rupee is likely to strengthen sharply if the Bharatiya Janata Party's Narendra Modi becomes the country's next prime minister after upcoming elections, a report has said.   Opinion polls show the BJP is pois

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India August inflation likely at 6-month high

Indian inflation likely edged up to a sixth-month high in August, driven by higher food prices and as the battered rupee made key imports such as fuel costlier, a Reuters poll found. Wholesale prices, India's key inflation mea

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DGCX volumes cross 10m mark

Dubai Gold and Commodities Exchange (DGCX) said its year-to-date volumes surpassed the 10 million mark for the first time last month. The milestone was achieved in 164 trading days, while the total volumes stood at 10.37 million c

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New RBI chief raises hopes with action plan

India's new central bank chief kicked-off his term with a bang, announcing a spate of measures to support the embattled rupee and unveiling a raft of steps to liberalise financial markets and the banking sector. In an unexpect

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