Page 13 - Currency

Dollar stands tall as market focus swings back to US Federal Reserve

The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when the country's central bank checked on exchange rates with banks - a possible preparation for yen buying

South Korean won tumbles to over 13-year low following US inflation data

The local currency had been trading at 1,390.9 won against the US dollar as of 11 a.m. (local time), down 17.3 won from the previous session's close, reports Yonhap News Agency

Dollar set for weekly loss as traders eye more ECB hikes, US inflation data

Profit-taking after a sharp extension of the dollar's long rally also took hold and the pullback was broad

Rupee appreciates 8 paise against US dollar to 79.61 in early trade

The rupee appreciated 8 paise to 79.61 against the US dollar in opening trade on Friday, tracking the dollar's decline versus its major peers and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals, registering a gain of 8 paise over its previous close. On Thursday, The rupee rose by 26 paise to close at a week's high of 79.69 against the American currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.72 per cent to 108.92, as markets digested yet more hawkish Fed. The US Federal Reserve Chair, Jerome Powell on Thursday said he is "strongly committed" to fighting inflation. Meanwhile, the European Central Bank raised its key interest rates by an unprecedented 75 basis points. "ECB raised interest rates by 75 bps, taking the euro higher and the dollar index lower at 109.08 levels. Brent oil remains below USD 90 per barrel. Asian curre

Indian exporters should wait before hedging non-dollar exposure: Analysts

Exporters that have shipped goods and expect to earn euros, pounds and the yen are eyeing ways to manage the currency risk as the dollar surges against its major peers

US dollar rises vs yen as Federal Reserve reinforces hawkish stance

For the last several months, dollar-yen has been the currency pair most sensitive to U.S. rate expectations

Rupee appreciates 27 paise to 79.68 against US dollar in early trade

The rupee appreciated 27 paise to 79.68 against the US dollar in opening trade on Thursday, tracking its Asian peers, and easing crude oil prices. At the interbank foreign exchange, the domestic unit opened at 79.72 against the dollar, then touched 79.68 in initial deals, registering a gain of 27 paise over its previous close. On Wednesday, the rupee declined by 13 paise to close at 79.95 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 109.78. Brent crude futures, the global oil benchmark, advanced 1.06 per cent to USD 88.93 per barrel. The rupee opened on a positive note as crude oil fell below USD 90 per barrel, the dollar index eased to 109.78 and Asian currencies gained slightly, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. Forex traders said the currency could weaken further tracking the strength of the dollar ahead of US Federal Reserve Chair Jerome Powell's s

As US dollar strengthens, rupee falls 14 paise to 79.70 in early trade

The rupee depreciated by 14 paise to 79.70 against the US dollar in opening trade on Friday, weighed down by strength of the American currency in the overseas market. At the interbank foreign exchange market, the rupee opened at 79.63 against the greenback, then fell further to 79.70, registering a decline of 14 paise over its last close. On Thursday, the rupee declined by 4 paise to close at 79.56 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 109.55. The rupee opened on a weak note as the dollar index advanced to 109.60 with the British pound falling to its lowest in two years while Yen touched the 140-mark, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. Forex traders said though oil prices remained subdued, weak Asian and emerging market peers and higher inflation expectation might weigh on the local currency. The global oil benchmark Brent crude futures ..

Dollar at two-decade high, heads for third weekly gain as payrolls loom

A solid U.S. manufacturing survey overnight was enough to push the greenback above 140 yen for the first time since 1998 and it also hit a 2-1/2 year high against sterling

Dollar hits 20-year high as data support aggressive Federal Reserve

The U.S. currency firmed after a government report showed that the number of Americans filing new claims for unemployment benefits declined further last week

What is a reserve currency?

Supply-chain disruption, inflation and market uncertainty had forced investors to rush for 'safe haven' currency, the US dollar. It is the world's reserve currency. What exactly is reserve currency?

Rupee outperforms most EM peers as dollar surges to a 20-year high

During the month gone by, the rupee depreciated a mere 0.2% against the greenback even as the dollar index has gained a massive 3%

RBI support pulls rupee up from fresh lows, helps currency recoup losses

Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit

Searing inflation in the UK pushes the Pound to a near 37-year low

The currency is trading around $1.18, less than 4 US cents away from its weakest level since 1985 against the dollar, underscoring the challenges facing the British economy

Market value of FPI holdings to investment at 3x: Motilal Oswal

Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms

RBI steps in as rupee slides on corporate outflows; bond yields jump

Bond yields jump as traders lock in profits after speculative rally on Wednesday

Driven by pouring tourists, Thailand's baht achieves year-end targets

The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin

Rupee weakens on heavy dollar demand from importers, oil marketing firms

Lower US CPI a relief, but rupee still seen testing 80/$1 on elevated CAD

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 sheds 40 paise against US dollar on aggressive Fed hike fears

The domestic currency closed at 79.65 per US dollar against 79.25 per dollar at previous close