Page 4 - Currency Market
Rupee spurts by 41 paise to close at nearly two-week high of 76.20
The rupee spurted by 41 paise to close at a nearly two-week high against the US dollar on Wednesday, tracking positive domestic equities and Asian currencies ahead of the US Federal Reserve's decision on interest rate hike. FII inflows into capital markets and crude oil prices retreating to USD 99 per barrel level boosted the rupee sentiment, forex traders said. At the interbank forex market, the local unit opened strong at 76.40 against the greenback and witnessed an intra-day high of 76.19 and a low of 76.44. The rupee settled at 76.21, registering a rise of 41 paise over its previous close of 76.62. "Rupee appreciated against US dollar taking cues from stronger Asian currencies and risk-on moods. Forex markets are little tepid ahead of Wednesday's Fed decision while US 10-year bond yields retraced after touching 2.20 per cent, the highest level since 2019," said Dilip Parmar, Research Analyst, HDFC Securities. The US Federal Reserve likely to raise rates by 25bps, as well as ..
 "Rupee spurts by 41 paise to close at nearly two-week high of 76.20")
Euro climbs on peace talks, overshadowing expected Fed rate hike
A stronger euro overshadowed the dollar index that has gained during the war in Ukraine.
 "Euro climbs on peace talks, overshadowing expected Fed rate hike")
RBI's dollar-rupee sell-swap auction sees three times more bids
In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion
 "RBI's dollar-rupee sell-swap auction sees three times more bids")
How damaging is freezing CB assets?
Not much. Just that the CB is not able to manipulate currency markets
 "How damaging is freezing CB assets?")
Rupee down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis
At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets
 "Rupee down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis")
Rupee hits 10-week low as Ukraine crisis grows; RBI in focus
Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine
 "Rupee hits 10-week low as Ukraine crisis grows; RBI in focus")
Rupee down 44 paise, closes at 75.77 against USD amid geopolitical tensions
At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86
 "Rupee down 44 paise, closes at 75.77 against USD amid geopolitical tensions")
Euro tests support as Russia-Ukraine crisis threatens economic growth
The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering a slightly to last trade at $1.1114
Ukraine crisis: Rouble slips again, Swiss franc hits seven-year high
The rouble was down around 4% on the day, trading at 97.036 per dollar, a day after it collapsed to a record low of 120 per dollar
 "Ukraine crisis: Rouble slips again, Swiss franc hits seven-year high")
Rouble sell-off slows, dollar resumes rise as Ukraine crisis buffets trade
The rouble started the week in dramatic circumstance, plunging as much as 30% to a record 120 per dollar after Western countries and their allies slapped Russia with new sanctions
Rupee recovers losses to end flat at 75.33 on signs of Russia-Ukraine talks
The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia
Rupee slips to 75.35 against USD as crude oil spikes amid Ukraine crisis
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.46 per cent higher at 97.06
 "Rupee slips to 75.35 against USD as crude oil spikes amid Ukraine crisis")
Euro steadies after tumble post Russian invasion of Ukraine
The euro was last at $1.1175, edging 0.15% lower against the dollar, having touched its lowest $1.1106 since May 2020 on Thursday
Dollar gives up some of its previous day's gains, Ukraine still in focus
The euro was last at $1.1218, up 0.24%, having plunged to as low as $1.1106 on Thursday, its lowest since May 2020
 "Dollar gives up some of its previous day's gains, Ukraine still in focus")
European currencies hammered, dollar rallies as Russia invades Ukraine
The euro fell as much as 1.2% to $1.1164, the lowest level since Jan. 31
Rupee falls 102 paise to close at 75.63 against USD amid Ukraine crisis
At the interbank foreign exchange market, the rupee opened at 75.02 against the American dollar but later dropped to a low of 75.75 against the greenback
Rouble trading suspended as currency dives after Russia attacks Ukraine
Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast on Thursday.
 "Rouble trading suspended as currency dives after Russia attacks Ukraine")
Rupee rallies 25 paise to 74.59 against US dollar amid sanctions on Russia
At the interbank forex market, the local unit opened at 74.64 against the greenback and witnessed an intra-day high of 74.54 and a low of 74.73
Euro edges higher, but focus still on Russia-Ukraine crisis
The euro was up 0.1% against the dollar at $1.1340 after hitting its lowest on Tuesday since Feb. 14 at $1.1286
Euro rises as Russia says still open to dialogue on Ukraine crisis
The U.S. dollar, edged 0.2% lower at 95.938 against a basket of currencies including the euro, as investors await further developments in the crisis
