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Rupee opens in the red in early trade |
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Rupee opened trade in the red Thursday against the greenback on increased dollar demand from oil importers as global oil prices weighed on the sentiment.
At the forex market, rupee resumed lower at 43.74/75 a dollar from Wednesday’s close of 43.71/72 a dollar.
The local currency breached the crucial 44-level to hit over a 17-month intra-day low of 43.16 and had fallen by nearly 1 per cent in the last two days
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All bullion contracts showed negative trend. Gold December 09 contract went down by 1.80% to Rs 14408 per 10 grams. Gold M July 09 contract shrank by 1.51% at Rs 14452 per 10 grams. Gold guinea July 09 contract went down by 0.71% to Rs 11467 per 8 gr |
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Hourly update on prices of key gold and silver futures on Multi Commodity Exchange of India. Change compared with previous end. |
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Gold priced remained firm in the Mid London trade thanks to the closure of US equity markets despite the strength in the dollar. However, the domestic counter was seen down. |
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