Page 73 - Us Dollar
Will US cut off China's access to US dollar system? Fear grips Beijing
Under this payment system, the White House can order US banks to stop processing transactions with certain individuals, institutions and countries, thus, denying them access to the US dollar payments
 "Will US cut off China's access to US dollar system? Fear grips Beijing")
RBI turns net purchaser of US dollar in May, buys $4.363 billion
The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in the spot market in May 2019
 "RBI turns net purchaser of US dollar in May, buys $4.363 billion")
Rupee closes 7 paise higher at 75.58 against US$ on easing crude prices
The rupee settled 7 paise higher at 75.58 against the US dollar on Monday supported by weak American currency and easing crude prices even as the equity market was trading in the negative territory.
 "Rupee closes 7 paise higher at 75.58 against US$ on easing crude prices")
Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade
The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.
 "Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade")
US Fed announces more measures to ease dollar crunch, liquidity strains
The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.
 "US Fed announces more measures to ease dollar crunch, liquidity strains")
Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar
Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.
 "Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar")
Market Ahead, March 20: Top factors that could guide markets today
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
 "Market Ahead, March 20: Top factors that could guide markets today")
Fed's failure to fix credit plumbing leaves markets scrambling for dollars
The big disappointment for markets was that the Fed did not offer a repurchase programme for the commercial paper market
 "Fed's failure to fix credit plumbing leaves markets scrambling for dollars")
Global stocks plunge, dollar slides as Fed's emergency cut spooks investors
US stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen
 "Global stocks plunge, dollar slides as Fed's emergency cut spooks investors")
US dollar falls after Federal Reserve cuts interest rates to near zero
The US Federal Reserve cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks
Rupee hits record low of 74.5 against US dollar amid coronavirus scare
Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level
 "Rupee hits record low of 74.5 against US dollar amid coronavirus scare")
RBI announces USD INR sell/buy swap for liquidity amid Coronavirus
The first sell/buy swap auction involving $2 billion will be held on Monday, the central bank said
 "RBI announces USD INR sell/buy swap for liquidity amid Coronavirus")
Rupee tumbles 70 paise against US dollar, hits 17-month low
The new coronavirus outbreak can now be described as a pandemic, the head of the World Health Organization announced Wednesday.
Congress asks Modi to explain 'sinking banks', not divert attention
"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.
 "Congress asks Modi to explain 'sinking banks', not divert attention")
Coronavirus: Wall Street slumps, investors seek shelter in bond and gold
The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.
 "Coronavirus: Wall Street slumps, investors seek shelter in bond and gold")
Fairfax seeks Canadian regulator's nod to infuse up to $1.5 bn in India
Makes regulatory filings as it seeks to invest in debt, equity or other securities over a 25-month period
 "Fairfax seeks Canadian regulator's nod to infuse up to $1.5 bn in India")
US Dollar defies detractors with its strongest start in five years
Many forecasters came into 2020 expecting that US growth might trail other parts of the world and act as a drag on the American currency
 "US Dollar defies detractors with its strongest start in five years")
Dollar ticks slightly lower awaiting details on US-China trade agreement
Caution over the future path of trade talks pushed the dollar index down 0.23%, last at 96.948
 "Dollar ticks slightly lower awaiting details on US-China trade agreement")
Gold steadies, dollar dips amid lack of clarity over US-China trade deal
Speculators slashed their bullish positions in COMEX gold contracts in the week to Dec. 10
 "Gold steadies, dollar dips amid lack of clarity over US-China trade deal")
Rupee slips 12 paise to 71.74 against US dollar amid growth concerns
Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.
 "Rupee slips 12 paise to 71.74 against US dollar amid growth concerns")
