Page 6 - Us Dollar

Rupee gains on corporate investments, cheaper global oil prices

Currency could be poised to gain after recent sharp underperformance, say analysts

Rupee gains 9 paise to 82.73 against US dollar as crude prices ease

The rupee appreciated 9 paise to 82.73 against the US dollar in early trade on Thursday, supported by easing crude oil prices and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.75 against the dollar, then gained ground to touch 82.73, registering a rise of 9 paise over its previous close. On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 104.21. Brent crude futures, the global oil benchmark, rose 0.99 per cent to USD 78.61 per barrel. Despite the greenback's weakness elsewhere, the rupee did not strengthen on dollar persistent bids throughout the session. The local unit has been extremely range bound of late, IFA Global Research Acade

German inflation surprise strengthens US dollar as euro nurse losses

The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session

Rupee gains 9 paise to 82.69 against US dollar as crude price retreats

The rupee appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. On Monday, the rupee declined 17 paise to close at 82.78 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.55. Brent crude futures, the global oil benchmark, declined 0.30 per cent to USD 85.65 per barrel. "India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note. The

Dollar steady as investors await economic data, US Federal Reserve minutes

The dollar index, which measures the greenback against six major currencies, has made a subdued start to 2023 and was last up 0.068% at 103.710

Rupee at 82.5750, gains on speculators bets, lack of cash dollar demand

Rupee was trading higher against the US dollar, helped by likely position building and lack of cash dollar demand

Rupee ends final week of 2022 higher as market mood improves

The rupee finished the year at 82.72 to the US currency, down from 74.33 at the end of 2021, while the dollar index was headed for its biggest yearly gain since 2015

Global stocks ends gloomy year amid soaring inflation while dollar triumphs

The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.

Rupee gains 16 paise to 82.71 against US dollar on firm domestic equities

The rupee appreciated 16 paise to 82.71 against the US dollar in early trade on Friday, tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.77 against the dollar, then gained further ground to touch 82.71, registering a rise of 16 paise over its previous close. On Thursday, the rupee consolidated in a narrow range and settled 7 paise lower at 82.87 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 103.97. The rupee continued to trade range bound for the fourteenth straight session. There were strong bids seen around 82.75, which prevented USD/INR from sliding lower despite month-end exporter selling, IFA Global Research Academy said in a research note, adding that the "rupee is likely to trade an 82.65-82.95 r

Dollar edges to one-week high vs yen amid spike in Treasury yields

The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus

Rupee depreciates 20 paise to close at 82.85 on high US dollar demand

The rupee declined 20 paise to close at 82.85 (provisional) against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback and witnessed an intraday high of 82.69 and a low of 82.87. It finally settled at 82.85, down 20 paise over its previous close of 82.65. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.27 per cent lower at 104.02. Global oil benchmark Brent crude futures rose 0.83 per cent to USD 84.62 per barrel. The 30-share BSE Sensex ended 361.01 points or 0.60 per cent higher at 60,927.43, while the broader NSE Nifty climbed 117.70 points or 0.65 per cent to 18,132.30. Foreign Institutional Investors (FIIs) were net sellers in capital markets on Monday as they sold shares worth Rs 497.65 crore, according to exchange data. "Month-end dollar demand from oil importers a

US dollar falls as China eases Covid rules for inbound travelers

China will stop requiring inbound travellers to go into quarantine on arrival starting Jan. 8, the National Health Commission said on Monday, even as Covid cases spike

Gold prices rise as dip in $ makes bullion less expensive for buyers

Spot gold was up 0.6% at $1,807.69 per ounce, as of 0704 GMT. U.S. gold futures rose 0.6% to $1,814.80

Rupee falls 9 paise to 82.74 against US dollar as crude prices rise

The rupee declined 9 paise to 82.74 against the US dollar in early trade on Tuesday as rising crude prices weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic unit opened weak at 82.71 against the dollar, then slipped further to 82.74, registering a fall of 9 paise over its previous close. In the previous session on Monday, the rupee appreciated 17 paise to close at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 104.11. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 84.30 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 61.14 points or 0.10 per cent higher at 60,627.56. The broader NSE Nifty rose 17.90 points or 0.1 per cent to 18,032.50. Foreign Institutional Investors (FIIs) were net sellers in capital

Rupee tracks positive domestic equities, gains 17 paise against dollar

The rupee appreciated 17 paise to close at 82.65 (provisional) against the US dollar on Monday, tracking positive domestic equities and the weakening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.79 and touched an intra-day high of 82.63 and a low of 82.83 against the greenback. It finally settled at 82.65, registering a rise of 17 paise over its previous close of 82.82. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the rupee appreciated on Monday on a surge in domestic equities and a soft US Dollar. Domestic indices gained by around 1.5 per cent. The US Dollar softened amid improved global risk sentiments and softer inflation in the US. "We expect the rupee to trade with a positive bias on weakness in the Dollar and positive domestic markets. The decline in safe-haven appeal on the rise in risk appetite in global markets may also put pressure on the dollar. "However, the surge i

Rupee opens flat at 82.79 against US dollar as crude oil prices rise

The rupee on Monday started the session on a flat note against the US dollar amid rising crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 82.79 against the dollar and lost ground to later trade at 82.83, registering a fall of 1 paisa over the last close. In the previous session on Friday, the rupee dipped 3 paise to close at 82.82 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower at 104.31. On the domestic equity market front, the 30-share Sensex was trading 434.69 points or 0.73 per cent higher at 60,279.98, while the broader NSE Nifty advanced 128 points or 0.72 per cent to 17,934.80. Global oil benchmark Brent crude futures jumped 3.63 per cent to USD 83.92 per barrel. Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 706.84 crore, as per stock exchange ...

Trillions wiped off, here's how 2022 shocked, rocked global markets

The main drivers have been the war in Ukraine, combined with rampant inflation as global economies broke out of the pandemic, but China remained shackled by it

Rupee rises by 10 paise against US dollar tracking early gains in equities

The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets. Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee's gains, according to forex dealers. At the interbank foreign exchange market, the rupee opened higher at 82.78 to a dollar against the previous close of 82.84. The domestic unit appreciated further to hit a high of 82.73 before trading at 82.74 at 0930 hrs, showing gains of 10 paise over the previous close. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 103.87. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 82.57 per barrel. In the domestic equity market, the 30-share BSE Sensex rose by 397.14 points to 61,464.38 while NSE Nifty advanced 119.65 points to 18,318.75. Foreign institutional investors (FIIs) turned net

Some of the world's biggest economies hunting for alternatives to US dollar

Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. Corporates around the world are selling an unprecedented portion of their debt in local currencies

Oil prices up as US crude stocks seen falling, dollar eases in early trade

Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29