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Page 6 - Currency

Dollar hits 20-year high as data support aggressive Federal Reserve

The U.S. currency firmed after a government report showed that the number of Americans filing new claims for unemployment benefits declined further last week

Dollar hits 20-year high as data support aggressive Federal Reserve
Updated On : 02 Sep 2022 | 8:36 AM IST

What is a reserve currency?

Supply-chain disruption, inflation and market uncertainty had forced investors to rush for 'safe haven' currency, the US dollar. It is the world's reserve currency. What exactly is reserve currency?

What is a reserve currency?
Updated On : 02 Sep 2022 | 7:00 AM IST

Rupee outperforms most EM peers as dollar surges to a 20-year high

During the month gone by, the rupee depreciated a mere 0.2% against the greenback even as the dollar index has gained a massive 3%

Rupee outperforms most EM peers as dollar surges to a 20-year high
Updated On : 01 Sep 2022 | 12:22 AM IST

RBI support pulls rupee up from fresh lows, helps currency recoup losses

Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit

RBI support pulls rupee up from fresh lows, helps currency recoup losses
Updated On : 29 Aug 2022 | 10:31 PM IST

Searing inflation in the UK pushes the Pound to a near 37-year low

The currency is trading around $1.18, less than 4 US cents away from its weakest level since 1985 against the dollar, underscoring the challenges facing the British economy

Searing inflation in the UK pushes the Pound to a near 37-year low
Updated On : 27 Aug 2022 | 2:20 PM IST

Market value of FPI holdings to investment at 3x: Motilal Oswal

Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms

Market value of FPI holdings to investment at 3x: Motilal Oswal
Updated On : 25 Aug 2022 | 11:32 PM IST

RBI steps in as rupee slides on corporate outflows; bond yields jump

Bond yields jump as traders lock in profits after speculative rally on Wednesday

RBI steps in as rupee slides on corporate outflows; bond yields jump
Updated On : 18 Aug 2022 | 10:35 PM IST

Driven by pouring tourists, Thailand's baht achieves year-end targets

The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin

Driven by pouring tourists, Thailand's baht achieves year-end targets
Updated On : 15 Aug 2022 | 12:22 PM IST

Rupee weakens on heavy dollar demand from importers, oil marketing firms

Lower US CPI a relief, but rupee still seen testing 80/$1 on elevated CAD

Rupee weakens on heavy dollar demand from importers, oil marketing firms
Updated On : 11 Aug 2022 | 11:45 PM IST

Rupee gains sharply as slowing US inflation softens Fed hike fears

Data released late Wednesday showed that US CPI inflation increased by a lesser-than-expected 8.5% in July as against a rise of 9.1% in June

Rupee gains sharply as slowing US inflation softens Fed hike fears
Updated On : 11 Aug 2022 | 10:40 AM IST

Rupee sheds 40 paise against US dollar on aggressive Fed hike fears

The domestic currency closed at 79.65 per US dollar against 79.25 per dollar at previous close

Rupee sheds 40 paise against US dollar on aggressive Fed hike fears
Updated On : 08 Aug 2022 | 11:56 PM IST

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes
Updated On : 08 Aug 2022 | 11:10 AM IST

Rupee strength unsustainable; bet on chemicals, OMCs in near-term: Analysts

Whether the recent strength in the currency will sustain or not depends on the monetary policy trajectory of the Reserve Bank of India, foreign flows, and crude oil prices, experts said.

Rupee strength unsustainable; bet on chemicals, OMCs in near-term: Analysts
Updated On : 03 Aug 2022 | 1:54 PM IST

When $640 billion is not enough

To be fair, the RBI has broadly done well in terms of managing the currency since the outbreak of the pandemic

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Updated On : 28 Jul 2022 | 10:05 PM IST

Pakistani rupee reaches new low against US dollar, closes at 232.93

Pakistani rupee (PKR) reached a new low against the US dollar on Tuesday, closing at Rs 232.93 in the interbank market

Pakistani rupee reaches new low against US dollar, closes at 232.93
Updated On : 27 Jul 2022 | 10:03 AM IST

Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars

The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback

Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars
Updated On : 20 Jul 2022 | 11:31 PM IST

Rupee at 80: The Indian tradition of political involvement in exchange rate

Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually

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Updated On : 20 Jul 2022 | 8:36 AM IST

Rupee at 80: Little relief on the cards from high trade deficit

Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee

Rupee at 80: Little relief on the cards from high trade deficit
Updated On : 19 Jul 2022 | 11:41 PM IST

Rupee at 80: Neutral impact for India's pharma industry, say experts

India's pharma sector exported drugs worth Rs 1.8 trillion in 2021-22, while APIs worth Rs 30,000 crore were imported

Rupee at 80: Neutral impact for India's pharma industry, say experts
Updated On : 19 Jul 2022 | 11:34 PM IST

Rupee at 80: How have other currencies performed in the last six months

The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19

Rupee at 80: How have other currencies performed in the last six months
Updated On : 19 Jul 2022 | 4:11 PM IST