Page 9 - Us Dollar

Rupee advances 16 paise to 81.54 against US dollar in early trade

The rupee appreciated 16 paise to 81.54 against the US dollar in early trade on Friday on broad dollar weakness and in line with its Asian peers. At the interbank foreign exchange, the domestic unit opened at 81.69 against the dollar, then gained ground to touch 81.54, registering a rise of 16 paise over its previous close. On Thursday, the rupee appreciated by 23 paise to close at 81.70 against the US dollar. Forex traders said the American currency has retreated from its elevated levels post Federal Open Market Committee (FOMC) minutes. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 105.82. Moreover, steady crude oil price is also aiding investor sentiments. "Brent is steady around USD 85 per barrel after Thursday's drop which came on reports that the price caps proposed for Russian crude were too high and above the current levels," IFA Global Research Academy said in a note. Brent crude futures, the global oi

Dollar headed for weekly loss as investors brace for slower Fed hikes

The dollar stood close to a three-month low and was on track for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening

Nifty, Sensex close at fresh lifetime highs after sharp late surge

US Fed minutes indicate slower pace of rate hikes, investors cheer

Rupee gains 26 paise to 81.67 against dollar as US currency retreats

The rupee appreciated 26 paise to 81.67 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained ground to touch 81.67, registering a rise of 26 paise over its previous close. The rupee has strengthened in offshore trading on broad-based dollar weakness. It is likely to trade in a range of 81.55-81.85 with sideways price action, IFA Global Research Academy said in a research note. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.41 per cent to 105.63, post the weak US data and dovish Fed minutes. "Minutes of the latest Fed meeting indicated that most Fed members were in support of slowing the pace of rate hikes but 'various' Fed members saw rates peaking at higher levels," IFA Global Research Academy said. Brent crude futures, the global oil benchmark, declined 0.21 per cent to US

Dollar slips as risk sentiment improves among investors after Fed minutes

The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets

Falling rupee, rising costs, job insecurity dampen study-abroad sentiment

Mass layoffs by tech biggies add to concern, but demand from non-metros robust

Rupee falls 18 paise at 81.85 against dollar amid recovery in crude prices

The rupee depreciated 18 paise to close at 81.85 (provisional) against the US dollar on Wednesday on dollar demand from importers and recovery in crude oil prices. Forex traders said sustained foreign fund outflows and concerns over rising COVID-19 cases in China also weighed on investor sentiments. At the interbank foreign exchange market, the local unit opened at 81.81 and later witnessed an intraday high of 81.74 and a low of 81.87 during the session. The domestic unit finally settled at 81.85 against the American currency, registering a fall of 18 paise over its last close of 81.67. "Indian Rupee depreciated on Dollar demand from importers and recovery in crude oil prices. FII outflows also weighed on Rupee," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. However, the soft US Dollar and positive domestic markets cushioned the downside. The US Dollar declined on Tuesday on hopes that the Fed may cool down its pace of rate hikes. The dollar index, which gau

Rupee falls 14 paise to 81.81 against US dollar amid foreign fund outflows

The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 81.81 against the dollar, registering a loss of 14 paise over its previous close. On Tuesday, the rupee appreciated by 12 paise to close at 81.67 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 107.16. Brent crude futures, the global oil benchmark, declined 0.08 per cent to USD 88.29 per barrel. According to experts, the rupee is expected to see sideways action amid cautiousness in the markets, as fears of a return to stricter COVID restrictions in China weighed on Asian currencies. "COVID cases in China rose to 28,183 on Tuesday, just under the record high of 28,973 reached in April. Major cities such as Shanghai and Beijing are placing restrictions on movement

Dollar steady as investors weigh their risk appetite ahead of Fed minutes

The Fed on Wednesday will release the minutes from its most recent meeting

US Dollar steadies as China tightens Covid-19 curbs, bitcoin under pressure

The euro was up 0.14% to $1.0258 after an 0.8 %loss on Monday, sterling rose 0.19% to $1.1838, partially reversing its 0.6% fall, and the dollar was at 141.86 yen down 0.18% after a 1.2% gain

Global shares shake off China Covid-19 curbs, but investors stay cautious

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat

Dollar retreats after overnight rally as China's Covid fears mount

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in COVID cases sparking fresh restriction measures

Rupee advances 14 paise to 81.65 against US dollar in early trade

The rupee appreciated 14 paise to 81.65 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Forex traders said foreign fund outflows and a muted trend in domestic equities weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained further ground to touch 81.65, registering a rise of 14 paise over its previous close. On Monday, the rupee depreciated by 5 paise to close at 81.79 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.24 per cent to 107.57. Experts believe the Indian rupee is expected to trade in a range-bound manner amid tracking strength of the American currency and cautiousness in the markets, as fears of a return to stricter COVID restriction measures in China weighed on Asian currencies. Brent crude futures, the global oil ..

Forex below $500 bn would force RBI to hike aggressively: Morgan Stanley

RBI has used close to $100 bn of FX reserves since late 2021 to defend the currency. Such action makes sense as it had been accumulating FX reserves before that and it wants INR stability

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

US dollar rises as China's Covid-19 worries spur safe-haven buying

The dollar was up 0.5% against Japan's yen at 141.07, its highest since Nov. 11. Meanwhile the euro was 0.62% lower against the greenback at $1.026

Rupee depreciates 12 paise to 81.86 against US dollar in early trade

The rupee depreciated 12 paise to 81.86 against the US dollar in early trade on Monday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar, then lost ground to quote at 81.86, registering a loss of 12 paise over its previous close. On Friday, the rupee depreciated by 10 paise to close at 81.74 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 107.19. The rupee started this Monday morning on a weaker note as the dollar continued to strengthen amid hawkish Fed rhetoric, Sriram Iyer, Senior Research Analyst at Reliance Securities, said, adding that the key trigger for the markets will be the US central bank's latest meeting. Weaker crude oil prices could cap losses, but Asian and emerging market peers were weak this Monday morning and wi

Dollar-rupee forward premia lowest since 2011 as US-India rate gap shrinks

Indian currency's recovery since US CPI leads to reversal of onshore-offshore arbitrage

Dollar gains, stocks slip after hawkish remarks from US Fed officials

US data showed unemployment benefits claims fell last week, indicating the labor market is still tight

Rupee slides as Chinese yuan weakens, October trade deficit hits mood

The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close