Page 66 - Us Dollar
Rupee drops by 12 paise to Rs 73.42 against US dollar on Covid worries
The rupee pared its initial gains to close down by 12 paise at 73.42 against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states may hurt the economic recovery. Investors were also cautious ahead of the RBI policy statement to be released on Wednesday. Besides, gains in crude prices and a stronger dollar overseas weighed on the rupee sentiment. "Rupee continued to trade in a narrow range for the third successive session despite volatility in domestic equities. Market participants remain cautious ahead of the important RBI policy statement that will be released on Wednesday," Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services, said. The expectation is that the central bank could keep rates unchanged but commentary will be keenly watched that could trigger volatility for the currency, Somaiyaa said. "We expect the USDINR (Spot) to trade sideways with a positive bias and quote in the range of 73.20 and ..
 "Rupee drops by 12 paise to Rs 73.42 against US dollar on Covid worries")
Gold price hits more than one-week peak as dollar and yields slip
Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-haven metal
 "Gold price hits more than one-week peak as dollar and yields slip")
Rupee falls by 18 paise to close at Rs 73.30 against the US dollar
The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases
Gold prices slip as strong US jobs data boosts dollar, bond yields
Spot gold was down 0.1% to $1,726.36 per ounce by 0733 GMT. Gold futures were flat at $11,762.40 per ounce
Gold rebounds from three-week low as dollar rally pauses, yields ease
Gold bounced back from a three-week low hit in the previous session, as the US dollar and Treasury yields eased, while President Biden's $2 trillion-plus jobs plan further supported the metal's appeal
 "Gold rebounds from three-week low as dollar rally pauses, yields ease")
Gold set for worst quarter since 2016-end on robust dollar, yields
Gold prices fell to their lowest in more than three weeks as elevated US Treasury yields and a rising dollar kept the metal on track for its biggest quarterly drop in over four years
Rupee falls 20 paise to 73.58 against the US dollar in early trade
The Indian rupee slumped 20 paise to 73.58 against the US dollar in opening trade on Wednesday, weighed down by the strength of the greenback and weak domestic equities
 "Rupee falls 20 paise to 73.58 against the US dollar in early trade")
Biggest rupee bear sees Asia's top performing currency hitting one-year low
Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields
 "Biggest rupee bear sees Asia's top performing currency hitting one-year low")
Rupee slumps 34 paise to 72.85 against the US dollar in early trade
The Indian rupee slumped 34 paise to 72.85 against the US dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment
 "Rupee slumps 34 paise to 72.85 against the US dollar in early trade")
Gold prices hover near 2-week low as US dollar rallies on economic recovery
Gold prices slipped on Tuesday, around a more than two-week low hit in the previous session, pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery
Gold dips as firmer dollar, global economic recovery hopes boost markets
The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies
 "Gold dips as firmer dollar, global economic recovery hopes boost markets")
Rupee slips 12 paise to close at 72.55 against USD amid selloff in equities
Rupee was weighed down by a massive selloff in domestic equities and spike in global crude oil prices
Dollar dominates as hedge funds cut shorts on Treasury yield rise
Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.
 "Dollar dominates as hedge funds cut shorts on Treasury yield rise")
Gold prices dip as investors pile into US dollar on Turkish tumult
Spot gold was down 0.8% to $1,731.38 per ounce by 1052 GMT
 "Gold prices dip as investors pile into US dollar on Turkish tumult")
Rupee gains 15 paise to end at 72.37 against USD amid easing oil prices
This was also driven by foreign fund inflows
Gold prices slide as Turkey central bank upheaval buoys US dollar
Gold slipped as investors opted for safe-haven assets such as the dollar and bonds after Turkey's abrupt decision to replace central bank head with a critic of high interest rates sparked uncertainty
RBI remains net purchaser of US dollar in January, buys $2.85 bn
The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January
 "RBI remains net purchaser of US dollar in January, buys $2.85 bn")
Rupee settles almost flat at 72.52 against USD amid firmness in equities
The rupee ended on a flat note against the US dollar on Friday amid a firm trend in domestic equity markets
Gold prices decline on firm dollar, strong economic rebound forecast
Gold prices fell as the dollar held onto its gains from the previous session on the back of rising US Treasury yields, while the Fed's forecast of a strong economic rebound further pressured the metal
Oil falls over 3% as dollar rises and coronavirus vaccine rollout stalls
Brent futures fell $2.65, or 3.9%, to $65.35 a barrel
 "Oil falls over 3% as dollar rises and coronavirus vaccine rollout stalls")