Page 62 - Us Dollar
Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar
The Indian rupee started on a flat note this Friday against the greenback and inched 4 paise higher to 74.14 against the US dollar in early trade tracking a muted trend in the domestic equity market. At the interbank foreign exchange, the domestic unit opened at 74.15 against the dollar, then inched higher to 74.14, registering a gain of 4 paise over its previous close. The local unit also witnessed a low of 74.19 in initial deals. On Thursday, the rupee had settled at 74.18 against the US dollar. Global oil benchmark Brent crude futures rose 0.16 per cent to USD 75.68 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent down at 91.76. Asian currencies have started flat to marginally stronger against the greenback this Friday morning and could cap weakness, however, firm crude oil prices could cap appreciation bias, Reliance Securities said in a research note. Meanwhile, the Reserve Bank of In
 "Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar")
Rupee gains for 2nd straight day; settles 9 paise higher at 74.18/USD
At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.
 "Rupee gains for 2nd straight day; settles 9 paise higher at 74.18/USD")
Gold prices on back foot as dollar firms; traders await US Fed data
Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.
 "Gold prices on back foot as dollar firms; traders await US Fed data")
US stocks mixed as Nasdaq hovers near record, dollar turns higher
WASHINGTON/LONDON (Reuters) -U.S. stocks were mixed on Wednesday after reassurances from U.S. Federal Reserve Chair Jerome Powell that the Fed is not rushing to raise interest rates, while European stocks remained under pressure.
 "US stocks mixed as Nasdaq hovers near record, dollar turns higher")
Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 vs USD
This follows weakness in the American currency in the overseas market.
 "Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 vs USD")
Dollar in retreat as Powell says Fed won't raise rates on fear of inflation
The US dollar remained on the back foot against major peers on Wednesday after a two-day drop as US Fed officials including Chair Powell reaffirmed that tighter monetary policy was still some way off
 "Dollar in retreat as Powell says Fed won't raise rates on fear of inflation")
Rupee falls for second day, settles 27 paise down at 74.37 against USD
This marks the second straight day of losses following a stronger dollar overseas.
Dollar pauses ahead of Fed testimony, cryptocurrencies attempt recovery
The Australian and New Zealand dollars eased after Monday's bounce from multi-month lows
 "Dollar pauses ahead of Fed testimony, cryptocurrencies attempt recovery")
Rupee falls 34 paise to 74.20 against US dollar in early trade
The Indian rupee slumped 34 paise to 74.20 against the US dollar in opening trade on Monday tracking the strengthening of the American currency and a muted trend in domestic equities
 "Rupee falls 34 paise to 74.20 against US dollar in early trade")
Dollar holds near multi-month high after US Federal Reserve's hawkish tilt
The dollar held near multi-month peaks against other major currencies on Monday, after the US Federal Reserve surprised markets last week by signalling it would raise interest rates
The mistake crypto crowd makes: it doesn't understand monetary economics
Crypto has been a highly unusual asset class for its entire history, but it won't act like that forever.
 "The mistake crypto crowd makes: it doesn't understand monetary economics")
Forex has helped avert a currency run, but continuous inflow has its risks
At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks
 "Forex has helped avert a currency run, but continuous inflow has its risks")
Hawkish Fed stance fuels dollar, leaves stocks and bonds bruised
Europe's STOXX 600 snapped a nine-day winning streak
 "Hawkish Fed stance fuels dollar, leaves stocks and bonds bruised")
Rupee depreciates 33 paise to 73.65 against US dollar in early trade
The Indian rupee slipped 33 paise to 73.65 against the US dollar in early trade on Thursday, amid the strengthening of the greenback in the overseas market
Rupee ends marginally lower to close at 73.32 against US dollar
The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.
Dollar hovers near one-month high with market frozen before Fed test
The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday
Dollar slips in muted trading as Fed meeting looms; Bitcoin tops $40,000
Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows
 "Dollar slips in muted trading as Fed meeting looms; Bitcoin tops $40,000")
Rupee falls for 5th straight session, settles 22 paise down at 73.29/USD
The domestic unit has lost 49 paise in the last five trading sessions.
Dollar little changed as traders seek direction from Fed Reserve meeting
The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4
Foreign exchange reserves cross $600 billion mark for first time
Forex reserves rose by $6.842 billion in the week ended June 4
 "Foreign exchange reserves cross $600 billion mark for first time")
