Page 22 - Dollar

Global demand fears, Covid in China, soaring dollar slam copper prices

Benchmark copper on the London Metal Exchange (LME) was down 3% at $7,573 a tonne at 1601 GMT.

Euro flirts with parity as Russian gas link enters planned shutdown

Euro rates survived above paity against the dollar over Russian gas prices due to one of the biggest pipeline being shutdown.

Rupee declines by 38 paise to new low of 79.33 against USD on CAD concerns

The currency's slump comes a day after data showed India's trade deficit ballooned to a record $25.63 bn on account of a steep increase in gold and crude oil imports

Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

Dollar heads for weekly gain as investors weigh rates, recession risks

The dollar index inched up 0.07% in Asian trading, after a 0.32% drop overnight when it was undermined by weaker-than-expected consumer spending data

Rupee relatively better placed than other global currencies against USD: FM

The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month

Rupee consolidates against dollar after sharp depreciation this week

Dealers say magnitude of RBI interventions slowed down over past couple of days

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

RBI may need to tweak forex strategy, let rupee weaken, say analysts

To control the tumble, the Reserve Bank of India (RBI) has sold dollars in the spot market and simultaneously bought and sold in the forwards market.

Dollar falters as Treasury yields retreat amid recession risks, rate hike

Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17% as Asian equities followed Wall Street lower

Dollar up, euro down as ECB's Lagarde keeps July policy options open

The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring inflation though economists are divided on the magnitude of any rate hike.

Rupee drops 48 paise to close at new low of 78.85 against US dollar

Persistent foreign capital outflows and a surge in crude oil prices led to the slump

Euro holds below $1.06 as ECB's Lagarde sticks to policy outlook script

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing Canadian and Australian dollar up 0.3% and 0.4% respectively versus the greenback

Gold prices steady as investors await fresh impetus; dollar steady

Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50

RBI acts in forwards market to protect forex reserves, pulls down premiums

This move by the central bank results in premiums crashing

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market

Rupee hits fresh all-time low vs dollar as US rate hike worries deepen

Ends at 78.39/$1 as against 78.08 on Tuesday. Wednesday's closing level also marks new record intraday low for the rupee versus greenback

Gold prices firm in narrow range as weaker dollar buoys bullion demand

Spot gold firmed 0.1% to $1,841.59 per ounce by 0717 GMT, after falling as much as 0.3% earlier in the session.

Euro rises despite French elections outcome as dollar retreats

Analysts and traders shrugged off the election results, with the euro rising 0.2% against the dollar to $1.05155