Page 27 - Us Dollar
Dollar hits three-week low to yen as Fed's Powell less hawkish than feared
The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors' worries about continued aggressive monetary tightening
 "Dollar hits three-week low to yen as Fed's Powell less hawkish than feared")
Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta
RBI needs to be fourth buyer in the bond market, says senior executive
 "Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta")
Gold prices tick up on softer dollar, US Fed policy view in focus
(Reuters) - Gold prices rose on Wednesday, buoyed by a softer U.S. dollar, though prices were range-bound as investors were cautious ahead of the U.S. Federal Reserve's policy decision later in the day.
 "Gold prices tick up on softer dollar, US Fed policy view in focus")
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")
Gold price stalls as pre-Federal Reserve verdict jitters grip investors
Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.
 "Gold price stalls as pre-Federal Reserve verdict jitters grip investors")
Rupee has strengthened against British pound this year: FM Sitharaman
Global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for the weakening of the Indian Rupee against the US Dollar
 "Rupee has strengthened against British pound this year: FM Sitharaman")
After falling to record lows, rupee regains footing against US dollar
RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency
 "After falling to record lows, rupee regains footing against US dollar")
Global growth fears, Fed reserve rate hike keep US dollar propped up
The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the US Federal Reserve
 "Global growth fears, Fed reserve rate hike keep US dollar propped up")
Indian Rupee at over 1 week high on broad dollar losses; bond yields slip
The rupee appreciated 14 paise to close at 79.76 (provisional) against the US dollar on Monday tracking strong regional peers and soft greenback. At the interbank forex market, the local unit opened at 79.86 against the greenback and finally settled at 79.76 (provisional), registering a rise of 14 paise over its previous close. During the session, the local unit witnessed an intra-day high of 79.70 and a low of 79.87 against the American currency. In the previous session, the rupee had closed at 79.90 against the American currency. The dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.38 per cent at 106.32. Brent crude futures, the global oil benchmark, rose 1.25 per cent to USD 104.49 per barrel. According to Dilip Parmar, Research Analyst, HDFC Securities, the Indian rupee started the week on the front foot following stronger regional currencies and weaker crude oil prices. "We have entered the Fed week with markets back to th
 "Indian Rupee at over 1 week high on broad dollar losses; bond yields slip")
Pak rupee slumps to record low of 230 against dollar amid inflation fears
The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 230, local media reported on Monday.The data provided by the State Bank of Pakistan (SBP) showed that the rupee slumped to 230 during intraday trade, as compared to its rate of 228.37.The Pakistani rupee has slumped nearly 8 per cent against the US dollar during the last trading week, and the forex reserves of the country are below USD 10 billion with inflation at the highest in more than a decade, Geo News reported."Markets are responding to these shocks in an unfairly broad-brush way, without paying enough attention to Pakistan's relative strengths," Acting governor of Pakistan's central bank Murtaza Syed said.Capital marker expert Muhammad Saad Ali said there has been a slump in the rupee due to the rise in the political uncertainty in the Punjab province, local media reported."Note that BoP (balance of payments) pressures on the currency have eased, as per the SBP, which ...
 "Pak rupee slumps to record low of 230 against dollar amid inflation fears")
Rupee rises 9 paise to 79.81 against US dollar as crude oil prices fall
Global oil benchmark Brent crude futures fell 0.54 per cent to USD 102.62 per barrel
 "Rupee rises 9 paise to 79.81 against US dollar as crude oil prices fall")
Rupee at 80: What can be done?
We need to maintain the gap of interest rate differential with the US by raising rates in a measured way and allow the rupee to find its own level
 "Rupee at 80: What can be done?")
Rupee faces risk of further decline against dollar in near term: Experts
Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation
Rupee strengthened against all major currencies other than dollar: CEA
He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen
 "Rupee strengthened against all major currencies other than dollar: CEA")
Stocks edge up to hit six week high, US dollar weaker after soft data
NEW YORK (Reuters) - A gauge of global stocks edged higher on Friday, poised for a sixth straight day of gains, while the dollar dipped against a basket of major currencies following soft data on U.S. business activity.
 "Stocks edge up to hit six week high, US dollar weaker after soft data")
Rupee settles almost flat; falls 1 paisa to close at 79.86 against dollar
The rupee settled on a flat note on Friday as gains from positive domestic equities and fresh foreign inflows were negated by strong demand for the American currency in the overseas market. At the interbank forex market, the local unit opened lower at 79.90 against the greenback and finally settled at 79.86, registering a fall of just 1 paisa from its previous close. During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency. On Thursday, the rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 against the US dollar following overall weakness in crude oil prices and fresh foreign fund inflows. The dollar index, which measures the greenback's strength against a basket of six currencies, was up 0.20 per cent at 107.12. Brent crude futures, the global oil benchmark, fell 0.56 per cent to USD 103.28 per barrel. "Surge in domestic markets, FII inflows and softening crude oil prices supported the Rupee
After $30 bn exodus, foreign funds trickle back into Indian equities
Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets
 "After $30 bn exodus, foreign funds trickle back into Indian equities")
Indian economy relatively better placed amid grim global scenario: RBI Guv
"RBI has been supplying US dollars to the market to ensure adequate supply of liquidity," Governor Shaktikanta Das said
 "Indian economy relatively better placed amid grim global scenario: RBI Guv")
Rupee rises 20 paise to close at 79.85 against USD on fresh FPI inflows
The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar following overall weakness in oil prices and fresh foreign fund inflows.
Rupee unlikely to get any tailwind this fiscal: UBS Securities' report
Rupee, which has plumbed the 80-level against the US dollar, is unlikely to get any tailwind this fiscal and may fall further in the medium term due to higher crude prices and imports, says a report.
