Page 11 - Us Dollar

Rupee up 23 paise to 82.12 against US dollar in early trade as crude eases

The rupee appreciated 23 paise to 82.12 against the US dollar in early trade on Monday amid a positive trend in domestic equities and easing crude prices. At the interbank foreign exchange, the domestic unit opened at 82.14 against the dollar, then gained further ground to touch 82.12, registering a rise of 23 paise over its previous close. On Friday, the rupee appreciated by 53 paise to close at 82.35 against the US dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee started the trade with a gap-up trade tracking the overnight weakness of the dollar. However, most of the Asian and emerging market peers weakened against the greenback this Monday morning after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach and could cap appreciation bias of the local unit, Iyer noted. The key triggers for currencies this week will be the US inflation rate data followed by several speeches by Fed ...

Gold trading at Rs 51,290 per 10 grams, silver selling at Rs 60,400/kg

The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 47,160, Rs 47,060, and Rs 47,710, respectively.

Dollar gains as China sticks to strict Covid policy, souring risk sentiment

The dollar gained 0.9% on the Chinese offshore yuan to 7.237 in early Asia trade, while the risk-sensitive Australian and New Zealand dollars were also among the biggest losers

Higher mobile bills hit Indian consumers harder than most nations

An analysis from shows that while overall bills are lower in India in absolute terms, they are a larger share of monthly income than in many economies

India's foreign exchange reserves jump $6.5 billion to $531 billion

The increase in reserves is mainly due to a rise in foreign currency assets that went up by $5.7 billion during the week

Rupee logs best single-day gain since September 30 on strong FPI flows

The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

Oil prices climb as dollar slips, but demand fears keep a lid on gains

Brent crude futures rose 65 cents, 0.7%, to $95.32 a barrel at 0155 GMT. The contract was on track to end the week down just 0.5%

Rupee appreciates 25 paise to 82.63 against US dollar as it retreats

The rupee appreciated 25 paise to 82.63 against the US dollar in early trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 82.85 against the dollar, then gained ground to touch 82.63, registering a rise of 25 paise over its previous close. On Thursday, the rupee settled 8 paise lower at 82.88 against the US dollar. Rupee was under pressure through Thursday's session on broad dollar strength. There is, however, some respite overnight, IFA Global Research Academy said in a note. "We expect it to trade in a 82.50-82.80 range with sideways price action," it added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.22 per cent to 112.67. Brent crude futures, the global oil benchmark, advanced 0.75 per cent to USD 95.38 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 9.85 points or 0.02 per cent higher at 60,84

Rupee seen up tracking recovery on Asian peers; US jobs data eyed

The rupee is tipped to open at around 82.70-82.75, compared with 82.88 in the previous session.

Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook

Sterling edged up 0.1% to $1.1170, after sliding 2% overnight. It was headed for a weekly loss of nearly 4%, the largest since Sept's market turmoil triggered by an economic plan

Customs seizes US dollars worth Rs 4 cr at Mumbai airport, 3 arrested

The customs has seized USD 4,97,000, worth Rs 4.1 crore, at the Chhatrapati Shivaji Maharaj International Airport here, an official said on Thursday. After receiving a tip-off, the Air Intelligence Unit of Airport Customs intercepted three members of a family who were about to fly to Dubai on Wednesday morning, he said. An examination of their baggage led to the recovery of USD 4,97,000 in cash, hidden inside sarees, footwear and in a bag, the official said. All three were arrested and a local court sent them in judicial custody. Further probe is on, the official said.

Rupee falls 8 paise to 82.88 against US dollar after Fed hikes rates

The rupee depreciated 8 paise to 82.88 against the US dollar in morning trade on Thursday after the US Federal Reserve raised interest rates and maintained a hawkish stance. At the interbank foreign exchange, the domestic unit opened at 82.87 against the dollar, then lost further ground to quote at 82.88, registering a loss of 8 paise over its previous close. In initial trade, the local unit also touched 82.84 against the American currency. On Wednesday, the rupee settled at 82.80 against the American currency. According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, the US Fed's commentary was not dovish at all. "Oil was higher at USD 95.50 per barrel while GBP and Euro were lower after the hawkish FED comments." The rupee could trade in the range of 82.50-83.20. "Exporters may sell dollars at 83 levels keeping a close watch on RBI while importers may continue to buy all dips they get," Bhansali said. Meanwhile, the dollar index, which gauges the greenback's

Rupee likely to weaken after US Fed's Powell hints at higher peak rate

The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session.

Oil prices slip as dollar firms, but supply worries check losses

Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while US West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41

Dollar gains as traders gird for higher US Fed rates, focus on jobs data

The dollar hit a week-high of $0.9810 per euro in early Asia trade and is eying its best week in more than a month

India's decoupling from global capital market surprising: Mukul Kochhar

Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.

Rupee gains 10 paise to close at 82.71 against US dollar as it retreats

The rupee appreciated 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday, as the greenback retreated from its elevated levels. At the interbank foreign exchange market, the local currency opened at 82.74 and witnessed a high of 82.59 and a low of 82.79. It finally settled at 82.71 against the American currency, registering a rise of 10 paise over its previous close amid a positive trend in domestic equities. On Monday, the rupee had settled 34 paise lower at 82.81. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.49 per cent to 110.98. Global oil benchmark Brent crude futures rose 1.42 per cent to USD 94.13 per barrel. "Rupee consolidated in a narrow range ahead of the important events that are lined up," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. For the first time since the implementation of the monetary policy framework in 2016, the Reserve Bank will ..

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress

Dollar drops as optimism spreads before Fed and BoE decisions

The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth such increase in a row