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At the Interbank forex market, the rupee opened with strength at 72.81 and advanced to 72.60 against the dollar, showing a rise of 29 paise over its previous close of 72.89.
Akinroluyo becomes the fifth commander in two years to head the fight against the Islamist insurgents, who have staged a series of attacks on military bases, killing dozens.
The domestic currency has already crossed the 74 mark owing to continued strengthening of the dollar, lack of foreign flows and higher crude oil prices.
Two, chances of the domestic unit crossing past 75 aren’t being ruled out, leaving exporters and traders worried.
The rupee erased some gains and finally settled for the day at 74.21 -- up by 18 paise, registering its first rise after sixth straight sessions of losses.
Rupee finally closed at 74.39 against the US dollar, down by 33 paise, marking its sixth straight session of decline.
The rupee had opened lower by 14 paisa against Friday's close of 73.76 in early trade as the US dollar strength against major global currencies weighed on the rupee sentiment.
Sabarimala issue: CPM, BJP-RSS playing politics by hurting sentiments of devotees, alleges Ramesh Chennithala
Ramesh Chennithala flayed the Pinarayi government for undue haste and speed in the implementation of Supreme Court order by hurting the sentiments of devotees.
Suvidha officially became part of Shinryo Group, JAPAN as of October 1 2018, the company said in a statement.
It looked like being an easy day for the hosts when Zimbabwe crashed to 117 all out, their lowest total in 39 one-day internationals between the two countries.
Besides, dollar selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the domestic currency recover.
Forex dealers said the greenback's strength against other currencies overseas, after reports that China had cancelled upcoming trade talks with the US, weighed on the Indian rupee.
Earlier this month, Honda Cars India said it may have to go for yet another price hike due to the falling rupee.
Forex dealers said besides strong demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.
The silver lining is the depreciating Indian rupee, as many NRIs are mulling to invest in residential properties.