Page 24 - Finance News Analysis
Rupee falls 19 paise to close at 79.64 as Fed minutes prop dollar
Forex traders said the US dollar index witnessed an upturn after the FOMC meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes
 "Rupee falls 19 paise to close at 79.64 as Fed minutes prop dollar")
Rupee depreciates 23 paise to 79.68 against US dollar in early trade
The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of American currency in the overseas market and a muted trend in domestic equities.
 "Rupee depreciates 23 paise to 79.68 against US dollar in early trade")
Rupee posts biggest intraday gain in over a week as equities rally
The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities.
 "Rupee posts biggest intraday gain in over a week as equities rally")
Rupee seen stronger tracking oil price fall; US yields may cap gains
The rupee, which is set to resume trade after a four-day weekend, is seen opening at 79.25-79.30 per dollar, up from 79.6550 on Friday
 "Rupee seen stronger tracking oil price fall; US yields may cap gains")
Should India go for bond issue to tap NRIs, other overseas investors?
The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it
 "Should India go for bond issue to tap NRIs, other overseas investors?")
Dollar firm vs Aussie, euro, Chinese yuan on heightened recession worries
The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data reignited recession fears.
 "Dollar firm vs Aussie, euro, Chinese yuan on heightened recession worries")
India's foreign exchange reserves falls $897 million to $572.978 billion
In the previous week ended July 29, the reserves had risen USD 2.315 billion to USD 573.875 billion.
 "India's foreign exchange reserves falls $897 million to $572.978 billion")
Rupee down by 9 paise to 79.71 against US dollar in early trade today
The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices.
 "Rupee down by 9 paise to 79.71 against US dollar in early trade today")
'Worst likely over' for emerging Asian currencies as US Fed hike bets ease
Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar
 "'Worst likely over' for emerging Asian currencies as US Fed hike bets ease")
Rupee opens higher at 79.25 vs dollar as US inflation concerns ease
The Indian rupee opened higher against the dollar on Thursday as a decline in the US inflation rate boosted Asian currencies, lifting risk appetite
 "Rupee opens higher at 79.25 vs dollar as US inflation concerns ease")
Rupee gains sharply as slowing US inflation softens Fed hike fears
Data released late Wednesday showed that US CPI inflation increased by a lesser-than-expected 8.5% in July as against a rise of 9.1% in June
 "Rupee gains sharply as slowing US inflation softens Fed hike fears")
Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM
Prime Minister Narendra Modi on Wednesday said the country saved Rs 50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years.
 "Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM")
Rupee rises by 11 paise to 79.52 against US dollar in early trade
The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows.
Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines
Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said.
Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes
The Federal Reserve has already raised interest rates by 225 basis points since March 2020
 "Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes")
Monetary policy: SPDs can offer all foreign exchange trade facilities
Decision comes after requests from foreign players; scope of existing licence was restrictive, say primary dealers
 "Monetary policy: SPDs can offer all foreign exchange trade facilities")
Rupee gains 26 paise in afternoon trade to 79.20 against US dollar
The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 pm on Friday, as against 79.46 close on the previous trading session
Bond yields 3-month low ahead of RBI policy decision as oil prices drop
Indian government bond yields dropped on Friday, with the 10-year yield trading at a three-month low, after global oil prices fell overnight, while market participants awaited a Reserve Bank of India
Rupee tipped to open higher as oil slips to 5-month low; RBI policy eyed
The Indian rupee is expected to strengthen against the U.S. dollar at open on Friday as oil prices extended their recent slide to slip to their lowest since February
Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar
Record high trade deficit, technical factors add to woes
 "Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar")
