Page 12 - Finance News Analysis
Rupee gains as Fed's Jerome Powell hints at slower US rate hikes
So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets
 "Rupee gains as Fed's Jerome Powell hints at slower US rate hikes")
Rupee appreciates by 8 paise to close at Rs 81.22 against US dollar
The rupee appreciated by 8 paise to close at 81.22 (provisional) against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell's statement
 "Rupee appreciates by 8 paise to close at Rs 81.22 against US dollar")
Low-value transactions via digital rupee to be kept anonymous: Report
On December 1, some users will receive a CBDC wallet containing notes signed by the RBI governor
 "Low-value transactions via digital rupee to be kept anonymous: Report")
Rupee gains 32 paise to 80.98 against US dollar after Fed chair's remark
The rupee appreciated 32 paise to 80.98 against the US dollar in early trade on a broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow
Rupee seen higher at 81.20 after Fed Chair Powell's dovish tilt; RBI eyed
The Fed Chair did acknowledge, like other policymakers, that the central bank had a long way to go to achieve price stability
Rupee gains sharply against US dollar as MSCI rejig spurs flows
The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday
 "Rupee gains sharply against US dollar as MSCI rejig spurs flows")
Rupee gains 34 paise to close at 81.38 against dollar amid weak greenback
The rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar on Wednesday as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment
Retail e-rupee pilot begins tomorrow: Here's what you can expect from it
The transactions using the retail CBDC can be both person-to-person as well as person-to-merchant, and payments can be made using QR codes shown at merchant locations
 "Retail e-rupee pilot begins tomorrow: Here's what you can expect from it")
Rupee gains 17 paise to 81.55 against US dollar ahead of GDP data
Domestic Q2 FY'23 GDP print, April-October fiscal deficit and October core sector data are scheduled to be released later in the day
Forex reserves likely to show revaluation gains now, say analysts
RBI said to have been actively buying dollars for the past couple of weeks, say currency traders
 "Forex reserves likely to show revaluation gains now, say analysts")
Rupee gains 8 paise to 81.60 against US dollar as foreign capital inflows
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.38 per cent to 106.28
Rupee slips 6 paise to 81.77 against US dollar in track with equities
The rupee depreciated 6 paise to 81.77 against the US dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas.
 "Rupee slips 6 paise to 81.77 against US dollar in track with equities")
Rupee will stabilise once US reduces speed of rate hikes: Douglas W Diamond
Nobel laureate Douglas W Diamond says it is difficult to predict exchange rates but the rupee should stabilise once the US "reduces the speed of its rate increases"
 "Rupee will stabilise once US reduces speed of rate hikes: Douglas W Diamond")
Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn
The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks
 "Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn")
Demonetisation: Can't put the clock back, govt tells Supreme Court
This came after the apex court asked the Union government to explain whether it consulted the Central Board of RBI before undertaking demonetisation
 "Demonetisation: Can't put the clock back, govt tells Supreme Court")
Rupee close at 81.62 against US dollar as risk sentiments improve
The local unit finally settled at 81.62, registering a rise of 8 paise over its previous close
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 broad dollar weakness and in line with its Asian peers
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 as the American currency retreated from its elevated levels
Falling rupee, rising costs, job insecurity dampen study-abroad sentiment
Mass layoffs by tech biggies add to concern, but demand from non-metros robust
 "Falling rupee, rising costs, job insecurity dampen study-abroad sentiment")
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
