US Dollar

Foreign investors, Faber said, will reduce their exposure to markets around the world. "That is one reason I am reasonably positive about the US dollar," he added.

The rupee appreciated 20 paise to 94.79 against the US dollar in early trade on Friday on softening of the American currency and the positive impact of the RBI' structural forex interventions. Lower US treasury yields also supported the domestic currency. However, elevated crude oil prices and decline in equity markets restricted the rupee's sharp gains. At the interbank foreign exchange market, the rupee opened at 94.75, then touched 94.79, registering a gain of 20 paise over its previous close. On Thursday, the rupee had appreciated 18 paise to close at 94.99 against the US dollar. " Decline in dollar index and softening of US treasury yields also supported the rupee. However, a surge in crude oil prices capped sharp gains. On the data front, US PPI (Producer Price Index) was hotter than expected while retail sales topped forecast. Weekly unemployment claims were in line with expectations," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. The dollar index, which

The rupee gained for a fifth straight session to close at 95.06 against the dollar as crude oil prices and US yields eased, while forward premiums surged on FERR-related unwinding

Nifty target: Monarch Networth Capital expects the index to hit new all-time highs of 26,000-26,500 within the next 4-5 months, suggesting an upside of 18 per cent from the last close.

The rupee opened at 95.73 against the greenback today compared with Friday's close of 96.76. As of 9.14 AM, it was trading at 95.76, according to Bloomberg data.

Central banks need to factor in geopolitical risks before they materialise, not treat them as a sideshow

The rupee declined 4 paise to 96.39 against the US dollar in early trade on Tuesday over a rise in crude oil prices and sustained FII outflows. However, positive sentiments in the domestic equity markets and a weaker dollar index cushioned the local unit against further decline, forex traders said. At the interbank foreign exchange, the rupee opened at 96.29 but fell to 96.39, down 4 paise from its previous close. The rupee depreciated 10 paise to close at 96.35 against the US dollar on Monday. "The Reserve Bank has been protecting the rupee from its fall at 96.33 but the demand of dollar from FPIs and oil companies has not come down despite oil falling to USD 100.63 per barrel and dollar index to 102.12," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. The Reserve Bank's Monetary Policy Committee began its three-day meeting on Monday and is likely to raise rates by 25 basis points, aligning with the central banks' hawkish stance a

Gold and silver are set for another bout of turbulence in the coming week, as movement in the US dollar and unresolved US-Iran tensions cloud the outlook, analysts said. On the domestic front, investors will watch the Reserve Bank of India's monetary policy decision on Wednesday, with a 25 basis points rate hike expected. Services PMI data from major economies, US trade figures and mid-month consumer sentiment data due later in the week will also provide cues to bullion prices. The unresolved US-Iran situation will add another layer of uncertainty for precious metals, they added. On the Multi Commodity Exchange (MCX), gold futures for December delivery declined Rs 2,887, or 2 per cent, during the holiday-shortened week to end at Rs 1.5 lakh per 10 grams, while silver dropped Rs 8,819, or nearly 4 per cent, to Rs 2.25 lakh per kilogram. "MCX gold remained under pressure last week, declining around 2 per cent as a stronger US dollar and rising bond yields intensified profit-booking .

Gold and silver are expected to face another choppy spell, with US data, West Asia tensions and their impact on crude prices set to test bullion sentiment during a holiday-shortened week, analysts said. Market participants will shift their focus to the US data calendar, with consumer confidence, GDP and PCE inflation readings, alongside Eurozone inflation. Additionally, manufacturing PMIs, speeches from Federal Reserve officials and the US non-farm payrolls report will provide further cues for bullion sentiment, they added. Geopolitical uncertainty will continue to play a role, particularly the US-Iran standoff, after US President Donald Trump said that he rejected Tehran's proposal to reopen the Strait of Hormuz within a week and resume nuclear talks in exchange for lifting the naval blockade. Commodity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "The broader outlook remains cautious with volatility likely to stay elevated as the market will closely focus on

Dollar sales by state-run banks, likely ‌on behalf of the Reserve Bank of India, limited losses and kept the rupee above 96 per dollar.

The rupee settled at 95.59 per dollar as falling crude prices and likely dollar sales by state-run banks supported the currency; the 10-year bond yield fell 4 bps

The rupee staged a spirited recovery after slipping below the 96 level intraday and settled higher by 2 paise at 95.89 against the US dollar on Thursday on heavy dollar selling by banks, snapping its seven-day falling streak. The local currency breached the 96 level to hit a low of 96.10 to a dollar in day trade after a 25 basis point rate hike by the US Federal Reserve, sustained foreign fund outflows from stock markets and high crude oil rates. Forex traders said that dollar selling by banks on behalf of the RBI helped the local unit recoup losses and hit a high of 95.78 to a dollar. A slight correction in the dollar index and crude oil prices also supported investor sentiment despite global geopolitical volatility, they added. At the interbank foreign exchange market, the rupee opened higher at 95.88 but soon reversed gains and hit the intraday low of 96.10, breaching the 96 level for the first time since July 24. The unit recovered during the session and touched the high of 95.

The Fed raised interest rates by 25 basis points on ​Wednesday, its first increase since 2023, with officials expecting one more increase ​this year.

The domestic currency extended its losing streak to five sessions as rising crude oil prices, global bond yields and strong dollar demand weighed on the rupee

The dollar held firm near a two-week high after Kevin Warsh's hawkish remarks lifted expectations of a September rate hike, while the yen slipped below 160 per dollar

The rupee traded in a narrow range and rose 7 paise to 95.64 against the American currency in early trade on Monday, supported by a softer US dollar, but simmering geopolitical tensions kept it from making strong gains. Forex traders said the Dollar Index has weakened, but elevated Brent crude and persistent importer demand limited the rupee's gains. Moreover, investors are treading a cautious path as Washington is set to unveil a fresh wave of sanctions on Iran, targeting its oil trade, banking network and shipping routes. At the interbank foreign exchange, the rupee opened at 95.68, then rose to 95.64, higher by 7 paise from its previous close. On Friday, the rupee settled higher by just 3 paise at 95.71 against the US dollar. "The worry for markets isn't just Iran, it's who else gets caught in the crossfire, since several major economies continue to engage with Iranian trade in some form. Until the details are out this evening, oil and currency markets are likely to stay cautio

The rupee stayed on upward track for the third straight session and ended 11 paise higher at 95.88 (provisional) against the US dollar on Tuesday, supported by lower crude oil prices amid signals of easing West Asia crisis. According to forex traders, the sustained outflow of foreign capital amid selling pressure in domestic equity markets, as well as an elevated dollar index ahead of the US Federal Reserve's policy decision, capped gains for the local currency. At the interbank foreign exchange, the rupee opened at 95.75 and touched the intraday high of 95.63 before ending the session at 95.88 (provisional) against the greenback, up 11 paise from its previous closing level. On Monday, the rupee appreciated sharply by 54 paise to close at 95.99 against the US dollar, after rising 20 paise in the preceding session on Friday. Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee strengthened on the halting of strikes between the US and Iran. "Traders may take cues

Against the ​yen, the U.S. dollar was down 0.1% at 163.645 yen, on course for its sharpest daily decline ​since July 10

Escalating tensions in West Asia lifted crude oil prices to a six-week high, while likely RBI intervention through state-owned banks capped losses in the rupee

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses