Page 32 - Us Dollar

Rupee resumes slide, tumbles 19 paise to 79.13 against US dollar

Resuming its slide after a day's pause, the rupee declined 19 paise to close at 79.13 against the US dollar on Thursday

Rupee falls 19 paise to 79.13 against US dollar over Fed's hawkish outlook

The rupee declined 19 paise to close at 79.13 (provisional) against the US dollar on Thursday, as the hawkish stance of the US Federal Reserve increased the possibility of another aggressive rate hike this month. At the interbank foreign exchange market, the local currency opened at 79.05 and finally ended at 79.13, down 19 paise over its previous close. On Wednesday, the rupee closed at 78.94. "Rupee opened on a flat note but started to come under pressure despite measures announced by the RBI," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The RBI on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows in efforts to curb the fall of the rupee. The central bank had also said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its ...

RBI measures to have positive impact on oversesas fund inflows: DEA Secy

Economic Affairs Secretary Ajay Seth on Thursday said the measures taken by Reserve Bank of India (RBI) will increase inflows of overseas funds and help in strengthening the rupee against the dollar.

Euro just off two-decade low, volatility at highest since March 2020

(Reuters) -A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.

Gold prices gain on bargain hunting after sharp losses, softer dollar

Gold prices have regained footing following some significant losses and a comparable softer US Dollar

Rupee falls 12 paise to 79.06 against dollar amid fears of Fed rate hike

On Wednesday, the rupee closed at 78.94 against the US dollar

Rupee springs back 39 paise to close at 78.94 against US dollar

The rupee sprung back 39 paise its best single-day gain in over three months to close at 78.94 against the US currency on Wednesday after a sharp correction in crude oil

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days

Euro falls lowest since 2002 against USD on concerns over energy prices

Euro drops to its lowest since two decades over energy supply concerns

Rupee rises 3 paise to close at 79.30 against USD as oil prices fall

The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows.

Dollar rules as recession fears drag euro to 20-year low, pound under fire

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers

Rupee rises 9 paise from record low to 79.24 against dollar in early trade

In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar

Gold slips on strong dollar gains, clings above $1,800 on recession risks

Spot gold was down 0.4 per cent to USD 1,801.20 per ounce by 0907 GMT, while U.S. gold futures were little changed at USD 1,800.80 per ounce

Euro slumps to two-decade low against US dollar as recession fears bite

The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession

Centre committed to meeting FY23 fiscal deficit target: Official

Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Rupee recoups early losses to close almost flat at 78.95 against dollar

The rupee paired its early losses to close almost flat at 78.95 against the US dollar on Monday due to weakness in the greenback, lower crude oil prices and gains in the local stock markets. At the interbank forex market, the local unit opened lower at 78.97 against the greenback and fell to an intra-day low of 79.06. It finally settled at 78.95, down by 1 paisa from its previous close of 78.94. "Forex markets witnessed relatively less movement than usual as US markets remained closed on account of Independence Day. Nevertheless, the rupee outperformed regional currencies today after last week's worst performance on the back of capital outflows and worry over the twin deficit," said Dilip Parmar, Research Analyst, HDFC Securities. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services said that the rupee consolidated in a narrow range and market participants remained on the sidelines as the US market was shut on account of the Independence day holiday. "Euro ...

US dollar weakens against euro, sterling in quiet trading session

By Joice Alves

Rupee depreciates 9 paise to 79.03 against dollar in early trade

The rupee depreciated 9 paise to 79.03 against the dollar in opening trade on Monday, as persistent foreign funds outflows weighed on investor sentiments