Page 17 - Currency

Euro rises vs dollar as eurozone inflation fans rate hike expectations

The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57% at 97.861 at 2:20 p.m. Eastern Daylight Time, having earlier touched its lowest level since March

Yen on the ropes as Japanese central bank defends bond yield target

The Japanese currency fell as much as 2.4% to 125.10 to the dollar overnight, its lowest since August 2015, before recovering to 124.24 in volatile morning trade in Tokyo.

Building currency buffers in the new world

If FY23, crude oil prices were to average $120 a barrel, our current account deficit could rise to 3.8 per cent of GDP. Until the quality of our external balance improves, India needs forex buffers

Rupee stages strong comeback after hitting an all-time low on March 7

The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

Rupee gains against the dollar for the third consecutive session

The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.

Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low

The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar

Rupee crashes 40 paise to 75.73 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.78 per cent higher at 97.37.

Dollar gives up some of its previous day's gains, Ukraine still in focus

The euro was last at $1.1218, up 0.24%, having plunged to as low as $1.1106 on Thursday, its lowest since May 2020

Euro skids versus safe-havens as Russia-Ukraine tensions ramp up

Riskier commodity-linked currencies also tumbled, succumbing to worsening risk sentiment after earlier in the week proving resilient due to high commodity prices.

Dollar edges up as Russia-Ukraine developments dent risk appetite

The Russian rouble weakened 2.70% versus the greenback at 81.13 after reaching 81.392 per dollar, giving back gains made on Tuesday.

Euro rises as Russia says still open to dialogue on Ukraine crisis

The U.S. dollar, edged 0.2% lower at 95.938 against a basket of currencies including the euro, as investors await further developments in the crisis

Indian rupee slumps 24 paise to 74.79 against US dollar in early trade

Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.

Euro's gains fizzle, dollar recovers as Russia-Ukraine tension intensifies

Euro, which was up 0.6% at one stage during early London trading, slowly abandoned those gains and was up a meagre 0.1% at $1.1336

Currency markets nervously eye Ukraine, take heart from possible summit

In broad terms, moves in currencies aligned with moves in risk sentiment across asset classes.

Indian rupee slips 14 paise to 75.18 against US dollar in early trade

Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.

Dollar falls as investors see Fed minutes as less hawkish than feared

Strategists said the minutes suggested policymakers may not be as hawkish as investors feared.

Indian rupee gains 18 paise to 75.14 against US dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 96.04.

Indian rupee slips 12 paise to 75.72 against US dollar in early trade

Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee position.

Rupee slumps 20 paise to 75.56 against US dollar in early trade

Forex traders said muted domestic equities and elevated crude oil prices weighed on the local unit.