Page 18 - Dollar

US stocks slip on Amazon earnings, dollar near one-month low

Amazon's warning of slowing growth gave investors a reason to tamper recent market exuberance and cash in profits

PAG inks pact to acquire controlling stake in Acme for $145 mn

Asia-focused private equity firm PAG on Thursday said it has reached an agreement to acquire a controlling stake in Acme Formulation Pvt Ltd (Acme) for USD 145 million (around Rs 1,054 crore).

Record $43 bn worth deals closed in H1 2021; 10 unicorns created: Report

The January-June period of 2021 saw 20 per cent rise in deals to a record high of USD 43 billion besides creation of 10 new unicorns, despite the devastating second wave of the pandemic, according to a report. The period saw completion of 856 deals worth USD 43 billion with an average deal size of USD 50 million, the report by Grant Thornton said. While in volume terms, it is 42 per cent more than the year-ago period's, in value terms is is higher by 20 per cent over last year, which is a record, it said. The private equity inflows into the tech space saw 10 new unicorns being created during the first half (H1) of 2021. Of these, five are from the e-commerce space, taking the overall tally well past 100 in the country. The deal street was led by higher number of private equity deals and 221 merger and acquisitions (M&As) aggregating to USD 24.4 billion, which is 36 per cent higher than that in H1 of 2020. The Adani Group has been one of the most active acquirers with the ...

Rupee gains 5 paise to close at 74.54 against US dollar

The rupee pared some of its initial gains to settle 5 paise higher at 74.54 (provisional) against the US dollar on Thursday amid a firm trend in domestic equities. At the interbank forex market, the local unit opened at 74.48 against the greenback and witnessed an intra-day high of 74.47 and a low of 74.55 during the session. On Wednesday, the rupee had settled at 74.59 against the US dollar. "Indian rupee consolidated in the range of 74.65 to 74.40 for the fifth day in absence of fresh cues. Traders are in dilemma as at one end risk-on sentiments and dollar inflows are in favour of rupee while on other hand higher crude oil prices and central bank's interventions adding pressure on rupee," Dilip Parmar, Research Analyst, HDFC Securities. Parmar further added that Spot USDINR is likely to remain in range of 74.40 to 74.65 for few more days amid dollar inflows and stronger regional currencies. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of si

Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations

The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade

Dollar oscillates as market digests US inflation data, ECB

The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.058.

Gold scales near 5-month peak on weaker dollar, inflation worries

Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session

Glut of dollar drives usage of Fed reverse repo facility to record

Even though the offering rate on the Fed facility is 0 per cent, demand has been increasing as a flood of cash overwhelms U.S. dollar funding markets

Rupee slips below 73 against dollar in intraday trade, corrects back

This is because of absence of RBI in the spot market: Experts

Gold subdued on buoyant dollar; investors awaits US inflation data

US gold futures fell 0.2 per cent to $1,834.20 per ounce.

Gold steadies on firm dollar; palladium hovers near record high

Spot gold was flat at $1,778.60 per ounce by 0930 GMT, after falling about 0.8% in the previous session. US gold futures were steady at $1,777

Unfair charge

India is not using currency to gain unfair advantage

US currency list move an intrusion in RBI policy space: Commerce secretary

The commerce secretary said he expects robust growth in exports in the current fiscal year

Can't understand US move to put India on currency watchlist: Commerce secy

Anup Wadhawan asserts RBI is not accumulating reserves and its activity in forex market is 'perfectly balanced'

From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss

Traders are concerned that the rupee's tailwinds could start fading. Rising commodity prices may push the current-account into a deficit in the fiscal year that started in April

Increased participation in NDF market a concern for RBI's forex management

Banks had informed RBI on surge in carry trade at a meeting last week

Euro set for biggest monthly drop since mid-2019 on economy fears

Against a basket of its rivals, the dollar steadied at 92.810, just below a November 2020 high of 92.92 hit last week

FPIs pull out Rs 7,013 cr from Indian markets so far this month

The dollar index climbing above 92 and firmness in US 10-year bond yield impacted sentiments which may be seen as profit-booking since FPIs are sitting on huge profits, says an analyst

Oil prices decline as dollar firms up; gold hits eight-month low

Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST - the lowest since June 26 at $1,755.45

Gold eases as dollar recovers lost ground, investors gauge Powell testimony

(Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete."