Page 12 - Dollar

'Moto GP 2023' to strengthen image of Uttar Pradesh in country, abroad

Bikers from different countries will be exposed to the sports infrastructure of UP being developed by the Yogi government during the much anticipated event

Dollar little changed, yen below 145 threshold:

The dollar initially weakened on news US manufacturing slumped further in June to levels last seen when the economy was reeling from the initial wave of the Covid-19 pandemic

Dollar down on soft inflation data as traders price in Fed rate hike skip

The dollar index - which measures the performance of the U.S. currency against six others - dipped 0.2% to 103.14, after touching its lowest since May 22 overnight at 103.04

Ukraine war ignites global backlash against hegemony of US dollar

Still, the drumbeat of de-dollarization is continuing unabated in the developing world

Indian rupee poised to weaken after central bank pulls 2,000-rupee notes

The Indian rupee is expected to open weaker against the US dollar after the central bank said it will withdraw the highest-value currency note from circulation

RBI dividends to Centre may double due to gains, aiding fiscal gap

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

Lebanon's booming dollar cash economy hinders economic recovery: World Bank

Crisis-hit Lebanon's economic recovery is hampered by a growing dollarised cash economy, which is predicted to be $9.9 billion in 2022, or almost half size of country's economy, the World Bank said

China takes yuan global in bid to repel weaponised dollar's impact on money

Antagonism has flared between the two economic titans over issues ranging from trade and Taiwan to TikTok and technological know-how

The de-dollarisation debate

There are reasons to be bearish on the greenback, but it is unlikely to lose the reserve currency status

Dollar bonds of Adani Group firms inch higher post buyback announcement

The US dollar-denominated bonds issued by entities of India's Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities

Rupee appreciates 15 paise to 82.16 against US dollar in early trade

The rupee gained 15 paise to 82.16 against the US dollar in early trade on Tuesday as the weakness of the American currency and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then climbed to 82.16, registering a rise of 15 paise over its previous close. On Monday, the rupee closed at 82.31 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59. Brent crude futures, the global oil benchmark, declined 0.42 per cent to USD 77.79 per barrel. "Indian Rupee is likely to trade higher for the last few days of the financial year on the back of year-end flows which is keeping the broader range of 81.80-82.50," CR Forex Advisors MD Amit Pabari said. HDFC is set to raise Rs 57,000 core through the bond issue which could support the rupee in the near term, he said. "Furthermore,

Dollar falls for sixth day, BoE, SNB, Norges Bank raise interest rates

Futures imply around a 50% chance of one more quarter-point hike, in contrast to Europe where markets see around 50 bps of further tightening

Dollar buoyant in early trade as robust US data keep Fed hawks in control

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

RBI net bought dollar in forex market for second month in December

From June to October, the central bank sold dollars every month

Dollar jumps to six-week high in early trade on higher rate expectations

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday

Dollar hangs near five-week high as inflation data looms; yen slips

The risk-sensitive Australian and New Zealand dollars eased with Asian equities on worries that higher U.S. rates will choke growth. Sterling also retreated

Digi tool automation can fuel $1.4 trn of revenue, profit $282 bn: Infosys

Digital tools automation, talent diversity, and improving skill-sets among employees can drive up to USD 1.4 trillion in revenue and USD 282 billion in profit for companies, according to a latest study by IT major Infosys. The study titled 'Future of Work 2023' underscores how modern workplaces will see more hybrid working and digital engagement, enabling firms to build more diverse and creative teams. The survey revealed that shifting to a flexible, diverse, and digital work model is correlated with 7.7 percentage points higher profit growth, and 6.7 percentage points higher revenue growth. "According to the report, up to USD 1.4 trillion in revenue and USD 282 billion in new profit could be generated through digital tools automation, diversifying talent pool, and improving skills development among employees," according to Infosys statement, outlining the findings of the report. Retention of employees is critical, the study said, adding that the companies that increased their staf

Dollar flat after Fed official comments; focus on CPI data next week

The dollar index, which measures the US currency against six rivals, was 0.029% higher on Thursday at 103.460, having dropped nearly 0.3% in the previous session

Dollar climbs as Treasury yields pop on further US Fed rate hike forecasts

Markets were still reeling from the shock of Friday's jobs report, which showed that non-farm payrolls surged by an eye-watering 517,000 in January, well above expectations

Dollar bonds of Adani Group extend gains even after Moody's warning

The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday