Page 17 - Dollar

Dollar edges up but gains under check as global risk appetite rebounds

The US dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session

RBI's currency intervention ends up hurting rupee carry trade: Analysts

The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.

Bangladesh disallows Bollywood actor's dance in bid to save dollars

Nora Fatehi, known for her work in the Indian film industry, wasn't granted permission "in view of the global situation and with the aim of maintaining the foreign exchange reserves

Rupee to trade in Rs 82.25-82.75 band against dollar: Bank of Baroda

The intervention by the Reserve Bank of India (RBI) in the forex market will keep the Indian rupee in Rs 82.25-82.75 band against the US dollar in the near term, said Bank of Baroda in a report

Rupee is not sliding, dollar is strengthening, says FM Sitharaman in US

Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and the World Bank, she asserted that the fundamentals of the Indian economy were strong and that inflation was low compared to other parts of the world. "First of all I would look at it as not rupee sliding, I would look at it as dollar strengthening, dollar strengthening incessantly," she said in reply to a question on weakening rupee. All other currencies around the world are performing against a strengthening dollar, she said. "And I'm not talking technicalities, but it is a matter of fact that India's rupee probably has withstood this dollar rate going up, the exchange rate in favour of dollar strengthening is there and I think Indian rupee has performed much .

A first in 9 weeks: Foreign exchange reserves rise by $204 million

Analysts said there was an increase in the forex reserves, even as the RBI did not discontinue shielding the rupee from excessive volatility through sales of the dollar

Rupee tumbles 14 paise to close at 82.35 as US dollar strengthens

The rupee fell 14 paise to close at 82.35 (provisional) against the US dollar on Wednesday amid the strengthening of the American currency and sustained foreign fund outflows. Besides, risk aversion sentiment among investors weighed on the local unit. At the interbank foreign exchange market, the local currency opened at 82.32, then fell further to settle at 82.35 against the American currency, registering a decline of 14 paise over its previous close. During the session, the local unit witnessed an intra-day high of 82.15 and a low of 82.37 against the greenback. On Tuesday, the rupee rebounded from its all-time low to close 19 paise higher at 82.21 against the US dollar. "In line with the dollar index, the rupee marked another steady day. So far this week, the rupee has been trading in a narrow range and closing near 82.32," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar said a rebound in the domestic equities and the central bank's intervention ahead of the cruci

Gold prices edge higher as investors brace for Fed minutes, inflation data

Gold prices edged higher on Wednesday helped by a slight pullback in the dollar, as investors look to minutes from the U.S. Federal Reserve's September policy meeting

Dollar at 24-year top on yen after US yields jump; sterling choppy

The dollar scaled new 24-year heights on the yen on Wednesday, breaching levels that prompted intervention by Japanese officials last month, while investors in sterling were scratching their heads

RBI asks banks to set aside capital, provisions for unhedged FX exposure

Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system

War, looming rate hikes hoist dollar, gilt wipeout hits Treasuries

Asian stockmarkets fell and the dollar rose on Tuesday with investors worried about rising interest rates and an escalation in the Ukraine war

Oil prices slide as dollar strengthens, China's Covid-19 woes dampen demand

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand

Dollar gains on rate-hike fears, yen flirts with intervention levels

The dollar loomed large over fragile financial markets, with worries about rising interest rates and geopolitical tensions, while the yen was testing levels that have prompted official intervention

Australian dollar slides as RBA opts for smaller hike; sterling on new high

The Reserve Bank of Australia said it decided to slow the pace of tightening because the cash rate had been increased substantially in a short period of time, but left the door open to additional hike

Rupee sheds 53 paise on crude oil price spike; bond yields jump

Dealers say it's because of delay in index inclusion

Rupee gains on report of RBI nudging oil firms to reduce dollar buys

Central bank's rate hike and easing dollar index lend support to domestic currency

Rupee weakness likely to pressure RBI on 50-bps rate hike: Analysts

Currency closes at 81.85/$, 9 p higher than previous close

Govt must curb non-essential imports to stem rupee fall: CEO poll

India Inc encourages FDI, raising dollar deposits from NRIs

Oil prices drop again after rebound as dollar strengthens, demand weakens

Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment

Rupee at another low of 81.94 per dollar as US Fed talks up rate hikes

RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1