Page 19 - Currency Market

US Dollar just off 20-year highs, rally hinges on Fed signals

Money markets are betting the Fed will raise rates as high as 3.6% by end-2023 to tame inflation at 40-year highs.

Rupee surges 8 paise to 76.40 against US dollar in early trade

The forex market was closed on Tuesday on account of Id-Ul-Fitr.

Dollar on track for best month since 2015

The dollar hit a 20-year high against the yen on Thursday, as the Japanese currency was hurt by dovish Bank of Japan policy

Rupee gains 14 paise to 75.79 against US dollar in early trade

On Friday, the rupee appreciated 10 paise to settle at 75.93 against the US dollar.

Rupee declines 47 paise to 75.76 against US dollar in early trade

Snapping its 3-day winning streak, rupee fell 47 paise to close at 75.76 against US dollar on Wednesday, tracking a strong American currency in overseas market and negative trend in domestic equities

Russia central bank eases some curbs on transferring money abroad

Western sanctions imposed on Russia have limited the central bank's ability to support the rouble.

Rupee recovers 16 paise to end at 75.74; logs over 3% loss in FY22

At the interbank forex market, the local unit opened at 75.67 against the greenback and witnessed an intra-day high of 75.66 and a low of 75.83

Rupee-rouble trade should be at a rate reflecting India's economic strength

If India and Russia can work out a mutually acceptable exchange rate, bilateral rupee-rouble trade will be beneficial to India.

A strong case for a weaker rupee

If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment

Dollar firms on hawkish Fed remarks, yen hits lowest since 2015

Equity markets were volatile, struggling to make gains in the Asian session, after more hawkish comments from the U.S. Federal Reserve made investors more cautious

Rupee pares losses to settle flat at 76.18 against US dollar

At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18

Dollar dips, yen near six-year lows as Russia-Ukraine crisis intensifies

The dollar index, which measures the greenback against six peers, dipped 0.1% to 98.222

Rupee spurts by 41 paise to close at nearly two-week high of 76.20

The rupee spurted by 41 paise to close at a nearly two-week high against the US dollar on Wednesday, tracking positive domestic equities and Asian currencies ahead of the US Federal Reserve's decision on interest rate hike. FII inflows into capital markets and crude oil prices retreating to USD 99 per barrel level boosted the rupee sentiment, forex traders said. At the interbank forex market, the local unit opened strong at 76.40 against the greenback and witnessed an intra-day high of 76.19 and a low of 76.44. The rupee settled at 76.21, registering a rise of 41 paise over its previous close of 76.62. "Rupee appreciated against US dollar taking cues from stronger Asian currencies and risk-on moods. Forex markets are little tepid ahead of Wednesday's Fed decision while US 10-year bond yields retraced after touching 2.20 per cent, the highest level since 2019," said Dilip Parmar, Research Analyst, HDFC Securities. The US Federal Reserve likely to raise rates by 25bps, as well as ..

Euro climbs on peace talks, overshadowing expected Fed rate hike

A stronger euro overshadowed the dollar index that has gained during the war in Ukraine.

RBI's dollar-rupee sell-swap auction sees three times more bids

In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion

How damaging is freezing CB assets?

Not much. Just that the CB is not able to manipulate currency markets

Rupee down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis

At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets

Rupee hits 10-week low as Ukraine crisis grows; RBI in focus

Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine

Rupee down 44 paise, closes at 75.77 against USD amid geopolitical tensions

At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86

Euro tests support as Russia-Ukraine crisis threatens economic growth

The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering a slightly to last trade at $1.1114