Page 60 - Us Dollar

Rupee slips 4 paise to 74.44 against US dollar in early trade

The Indian rupee depreciated 4 paise to 74.44 against the US dollar in opening trade on Monday, as investors are awaiting cues from the US Fed's policy decision, due this week. At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then fell further to 74.44, registering a fall of 4 paise over its previous close. On Friday, the rupee had settled at 74.40 against the US dollar. "As markets brace up for the FED meeting on July 28, all currencies are consolidating in their respective small ranges," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. USD/INR is expected to keep a range of 74.30 to 74.70 for the day, Bhansali said, adding that "importers to buy cash near the lower end of the range while exporters to sell at the higher end". Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.05 per cent at 92.86. "Investors will be closely eyed to assess the timing of the

Dollar holds near multi-month highs as US Fed meeting in focus

TOKYO (Reuters) - The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering.

Rupee declines 12 paise to 74.58 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.58 against the US dollar in opening trade on Friday tracking a firm American currency

Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.

Pak currency falls by 64 paisa against US dollar on import payments' demand

Pakistan's currency has dropped by 64 paise against the dollar, owing to the high demand for import payments on the last day of the trading week

RBI remains net purchaser of US dollar in May; buys $5.84 billion

The Reserve Bank of India (RBI) remained net buyer of the US dollar in May 2021, after it net purchased USD 5.842 billion from the spot market, according to data from the central bank. In the reporting month, the RBI purchased USD 7.142 billion while sold USD 1.3 billion in the spot market, the monthly RBI bulletin for July 2021, released on Thursday, showed. In April this year, the RBI had net bought USD 4.212 billion. It had purchased USD 8.182 billion and sold USD 3.97 billion. In May last year, the RBI had net purchased USD 4.363 billion. During 2020-21, the central bank had net purchased USD 68.315 billion from the spot market. It had bought USD 162.479 billion from the spot market and sold USD 94.164 billion during the fiscal 2020-21, the data showed. In the forward dollar market, the outstanding net purchase at the end of May 2021 was USD 59.852 billion, compared with a net purchase of USD 64.944 billion in March 2021, the data showed.

Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB

Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility

Rupee strengthens 12 paise to 74.47 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.47 against the US dollar in early trade on Thursday, as a dovish US Fed pulled greenback lower

Rupee depreciates 12 paise to 74.61 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment

Rupee strengthens 14 paise to 74.44 against US dollar in early trade

The Indian rupee strengthened by 14 paise to 74.44 against the US dollar in early trade on Tuesday, tracking a firm trend in the domestic equity market

Gold subdued on firmer dollar even as investors await US inflation data

Spot gold was down 0.3% at $1,802.90 per ounce by 0906 GMT. U.S. gold futures slipped 0.5% to $1,801.90 per ounce

Gold prices dip as dollar claws up, equities firm dimming metal's appeal

Gold prices eased on Monday as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors awaiting US inflation data and Fed Chairman testimony this week

Rupee strengthened 21 paise to 74.43 against US dollar in early trade

The Indian rupee strengthened by 21 paise to 74.43 against the US dollar in early trade on Monday, tracking a firm trend in the domestic equity market

Treasury yields rise, US stocks rally to record highs; dollar weakens

Treasury yields extended their rise on Friday while the three major US stock indexes rallied to record closing highs, as markets relaxed a bit from fears of a slowing pace of economic recovery

Forex reserves rise by $1 billion to record high of $610 billion

Gold reserves climbed $76 million to $36.372 billion in the reporting week.

Global stocks drop; bonds, euro rise in bid for safety amid cloudy outlook

US stock prices fell while bond prices and the euro firmed on Thursday as investors pared exposure to risk and headed for safety amid a cloudy outlook for the pace of economic recovery

Gold prices set to snap six-day winning streak as US dollar rises

Spot gold was down 0.3% at $1,798.06 per ounce, as of 0650 GMT, after gaining for six straight sessions.

Gold on back foot as dollar strengthens after Federal Reserve's minutes

Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the US Federal Reserve's latest meeting highlighted inflationary pressures