US Dollar

The dollar, said Aditya Bhave, senior US economist at BofA Global Research, will most likely remain the world's reserve currency.

How the US is abandoning the openness that helped it win the Cold War

In geopolitical news, the White House said that diplomacy is President Donald Trump's first ‍choice for dealing with Iran and he will wait to see whether a deal can be struck at high-stakes talks

The rupee strengthened marginally on Thursday on modest inflows from a bond issue, but importer demand for dollars and foreign outflows kept gains limited ahead of the RBI's policy decision

Rupee posts its biggest single-day gain in seven years as US tariff cut to 18 per cent boosts sentiment and triggers unwinding of speculative short positions

China is stepping up efforts to boost the yuan's global role as President Xi Jinping calls for wider use of the currency in trade, investment and foreign exchange markets

RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength

The rupee slid to an intraday low of 92 per dollar amid dollar demand and FPI outflows, with RBI intervention preventing a breach of the key psychological level

The survey said that the outflow of capital, including with the advent of stablecoins, is a risk to watch out for

Asian shares were mixed on Wednesday after the S&P 500 ticked to a record, as the US dollar's value slid further. Later Wednesday, the Federal Reserve will announce its next move on interest rates. The expectation is that it will hold its main interest rate steady for now. South Korea's benchmark hit a record, lifted by gains for technology shares like computer chip maker SK Hynix, which climbed 3 per cent. The Kospi was up 1.3 per cent at 5,152.14. Tokyo's Nikkei 225 index lost 0.5 per cent to 53,055.58. The dollar rebounded slightly against the Japanese yen but has still weakened sharply since last week, putting pressure on shares of major exporters. Toyota Motor Corp. lost 3 per cent, and other major manufacturers also extended losses. The dollar was trading at 152.75 yen, up from 152.19 yen. But it's nearly 4 per cent lower than its level last week, when it surged to near 160 yen, prompting both Japanese and US officials to warn they will intervene to stanch the yen's ...

Spot gold rose 0.6 per cent to $5,219.97 per ounce, as of 0153 GMT, after scaling a record high of $5,224.95 earlier, up more than 20 per cent since the start of the year

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows

The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar

India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time

Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses

Gold prices slipped slightly as strong US economic data and easing tensions in Iran reduced safe-haven demand. Despite the dip, gold remained up for the week after hitting record highs

The rupee's depreciation is often seen as an opportunity - but this narrative overlooks its impact on borrowers of foreign-currency debt

The rupee closed at 90.1525 per dollar, little changed from 90.1625 in the previous session

The rupee settled at 90.03 per dollar, against the previous close of 89.89 per dollar

The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar