Dollar

The rupee gained 15 paise to 82.16 against the US dollar in early trade on Tuesday as the weakness of the American currency and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then climbed to 82.16, registering a rise of 15 paise over its previous close. On Monday, the rupee closed at 82.31 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59. Brent crude futures, the global oil benchmark, declined 0.42 per cent to USD 77.79 per barrel. "Indian Rupee is likely to trade higher for the last few days of the financial year on the back of year-end flows which is keeping the broader range of 81.80-82.50," CR Forex Advisors MD Amit Pabari said. HDFC is set to raise Rs 57,000 core through the bond issue which could support the rupee in the near term, he said. "Furthermore,

Futures imply around a 50% chance of one more quarter-point hike, in contrast to Europe where markets see around 50 bps of further tightening

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

From June to October, the central bank sold dollars every month

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday

The risk-sensitive Australian and New Zealand dollars eased with Asian equities on worries that higher U.S. rates will choke growth. Sterling also retreated

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The dollar index, which measures the US currency against six rivals, was 0.029% higher on Thursday at 103.460, having dropped nearly 0.3% in the previous session

Markets were still reeling from the shock of Friday's jobs report, which showed that non-farm payrolls surged by an eye-watering 517,000 in January, well above expectations

The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday

The pound slid 0.15% to a more than two-week low of $1.2206 in early Asia trade, after falling 1.2% in the previous session, its largest daily decline in a month

Investors have viewed a weaker labor market as a key component to bring down stubbornly high inflation

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

Govt bond yields decline ahead of Budget statement as traders feel the fall in prices over the past week had been overdone

Markets are pricing in a 25-basis-points hike (bps) by the Fed, after slowing its pace to 50 bps in December, following four straight 75-bp hikes

The US dollar index, which gauges the currency against major peers, was up 0.31% at 102.56 on Tuesday

The euro slid 0.29% to $1.0857, just off from a nine-month high of $1.09295 it touched on Monday

Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6. At one stage the currency depreciated to Rs 265 in the open market and Rs 266 in the interbank before making a slight recovery by the end of the day. According to the State Bank of Pakistan, when the market opened on Friday the currency fell by Rs 7.17 or 2.73 per cent from Thursday's close. The Pakistani rupee's value has devalued by Rs 34 since Thursday in the interbank, the largest depreciation in both absolute and percentage terms since the new exchange rate system was introduced in 1999. The Pakistani rupee has depreciated sharply after the government removed an unofficial cap on the USD-PKR exchange rate to revive the stalled International Monetary Fund (IMF) loan programme. The government decision came on Thursday after the exchange companies announced the removal of a self-imposed rate cap in the open market. The country need

The Fed's policy-setting committee will begin a two-day meeting next week, and markets have priced in a 25-basis-point interest rate hike

So far this week, the domestic currency has shed 0.7% against the greenback, making it among the weakest performing Asian units over the past few days