Page 12 - Dollar

Dollar near six-month high before key central bank interest rate decisions

The euro was up 0.1% against the dollar at $1.0667. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday

Rupee settles near an all-time closing low as trade deficit widens

The surplus liquidity in the banking system fell to Rs 2,696 crore on Thursday ahead of the second tranche of Incremental Cash Reserve Ratio (I-CRR) disbursement on September 23

Dollarisation of a different kind

Extraordinary times require extraordinary measures. Hence, the proposed dollarisation in Argentina

Rupee settles off-highs as oil companies buy dollars in domestic market

However, the rupee gave up early gains as oil companies bought dollars in the domestic market after Brent crude oil rose to $87 per barrel in international markets

Pak rupee ends at record low of 305.5/$ on eased import restrictions

Pakistan imposed import restrictions from 2022 to stem outflows from its shrinking foreign reserves

Rupee slips to 10-month low on dollar strength, RBI likely capped losses

The rupee ended at 82.9500 to the U.S. currency compared with a previous close of 82.8450

Rupee falls 31 paise to 82.23 against the US dollar in early trade

The rupee plunged 31 paise to 82.23 against the US dollar in early trade on Friday amid massive outflow of foreign funds and subdued equity markets. Elevated level of crude prices nearing USD 84 a barrel also weighed on the domestic unit even as the American currency gained strength on the back of better-than-expected GDP numbers from the US, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.30, then touched a high of 82.19 against the American currency. It later traded at 82.23, registering a fall of 31 paise over its previous close. On Thursday, the rupee had settled at 81.92 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.02 per cent to 101.76. Brent crude futures, the global oil benchmark, was trading 0.40 per cent lower at USD 83.90 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 227.44 points or 0.34 per cent

Dollar slips before Fed decision, euro rises on ECB rate hike bets

The dollar index, a measure of the US currency against six major peers, fell 0.109% but was close to an almost two-week high touched on Tuesday

Rupee hits at 11-week high against US dollar on strong FPI inflows

The impact of a rise in the dollar index was offset by the overall positive sentiment due to steady inflows, observe dealers. The Indian unit settled at Rs 82.01 per dollar on Friday

Rupee weakens despite fall in dollar index as RBI stepped by buying

The dollar index measures the strength of the US dollar against a basket of six major currencies

Dollar buckles on US disinflation signs as Fed nears end of hiking cycle

Against a basket of six currencies, the dollar index fell 0.8% to 99.738, after dropping earlier to 99.767, a new 15-month trough. The dollar index was headed for its biggest weekly slide in 2023

'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