Page 30 - Us Dollar

Going on eighty: Rupee continues to test new lows against US dollar

It's too early to say if the central bank's recent measures will offer relief any time soon

Reserve Bank remains net buyer of US currency in May; buys $2 billion

The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.

Unsafe haven: Gold set for fifth weekly loss as US dollar strengthens

Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Rupee recovers 8 paise on Friday, closes at 79.91 against US dollar

At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82

Stocks stumble, dollar steadfast as weak China hardens growth worries

China's economy contracted sharply in the second quarter data released on Friday showed, while annual growth also slowed significantly

Dollar pauses for breath as Fed leaves market pondering over rates path

The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

As rupee falls, spread between India and US bond yields tightens

A narrower spread makes it less attractive for foreigners to invest in rupee assets

Rupee has now crossed age of 'margdarshak mandal': Congress' dig at govt

The Congress on Thursday took a dig at the government after the rupee almost touched the Rs 80-mark against the US dollar, saying the currency has crossed the age of "Margdarshak Mandal".

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday

Rupee drops 9 paise to hit new low of 79.90 against US dollar

The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows. A decline in crude oil prices in the international markets, however, restricted the rupee losses, forex dealers said. At the interbank foreign exchange market, the local currency opened strong at 79.72 and witnessed an intra-day high of 79.71 and a low of 79.92 against the US dollar in the day trade. The local unit finally settled at 79.90 a dollar, down 9 paise over its previous close. The rupee pared its early gains as the US dollar continued to gain against a basket of leading global currencies in early European trade. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent up at 108.36. Brent crude futures, the global oil benchmark, dropped 2.20 per cent to USD 97.38 per barrel. On the domestic equity market front, the BSE Sensex ended 98 points o

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

Gold price falls as firm US dollar, yields compound rate-hike woes

Gold prices took a hit as dollar rates hike amid US inflation data

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further

Rupee ends at new low as global risk fears spur rush to safe-haven dollar

The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

Gold rebounds sharply from 1-year low as dollar slips over US' inflation

Gold has recovered from a nearly 1-year dip with gold futures rising by 0.7% as the US dollar slips over inflation fears

Rupee drops by 22 paise to new low of 79.81 against US dollar

The rupee declined by 22 paise to close at a record low of 79.81 against the US currency on Wednesday after the dollar surged to a 20-year high in overseas markets

Rupee hits record low for a third straight session; touches 79.66 vs dollar

The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of US inflation data