Page 30 - Dollar

Dealers foresee intraday volatility in rupee due to taper tantrum

Rupee had risen rapidly last week of August, closing at 73 a dollar level on August 31, from 74.2 level on August 26 after Fed Chair Powell indicated he was in no hurry to raise rates

Oil prices rise on US' economic recovery hopes, weaker dollar

The number of Americans filing new claims for jobless benefits fell last week, while layoffs in August dropped to their lowest level in more than 24 years

Gold prices fall from near four-week high in step with stronger dollar

By Nakul Iyer

Dollar slips further as oil prices jump, commodity currencies gain

The dollar index, which measures the greenback against a basket of six currencies, fell 0.091% to 92.903.

Dollar holds near five-day low as commodity currencies gain

Rising Covid-19 infections caused by the highly contagious Delta variant have fuelled concerns about the recovery from the global health crisis

Oil prices jump 5% after 7 days of losses, boosted by weaker dollar

A drop in the U.S. dollar provided a boost on Monday, making crude less expensive for holders of other currencies

World shares ride earnings to fresh high, dollar steady

Strong corporate profits have eased concerns over the Covid pandemic, as vaccine roll-outs continue apace in developed markets

US stocks slip on Amazon earnings, dollar near one-month low

Amazon's warning of slowing growth gave investors a reason to tamper recent market exuberance and cash in profits

PAG inks pact to acquire controlling stake in Acme for $145 mn

Asia-focused private equity firm PAG on Thursday said it has reached an agreement to acquire a controlling stake in Acme Formulation Pvt Ltd (Acme) for USD 145 million (around Rs 1,054 crore).

Record $43 bn worth deals closed in H1 2021; 10 unicorns created: Report

The January-June period of 2021 saw 20 per cent rise in deals to a record high of USD 43 billion besides creation of 10 new unicorns, despite the devastating second wave of the pandemic, according to a report. The period saw completion of 856 deals worth USD 43 billion with an average deal size of USD 50 million, the report by Grant Thornton said. While in volume terms, it is 42 per cent more than the year-ago period's, in value terms is is higher by 20 per cent over last year, which is a record, it said. The private equity inflows into the tech space saw 10 new unicorns being created during the first half (H1) of 2021. Of these, five are from the e-commerce space, taking the overall tally well past 100 in the country. The deal street was led by higher number of private equity deals and 221 merger and acquisitions (M&As) aggregating to USD 24.4 billion, which is 36 per cent higher than that in H1 of 2020. The Adani Group has been one of the most active acquirers with the ...

Rupee gains 5 paise to close at 74.54 against US dollar

The rupee pared some of its initial gains to settle 5 paise higher at 74.54 (provisional) against the US dollar on Thursday amid a firm trend in domestic equities. At the interbank forex market, the local unit opened at 74.48 against the greenback and witnessed an intra-day high of 74.47 and a low of 74.55 during the session. On Wednesday, the rupee had settled at 74.59 against the US dollar. "Indian rupee consolidated in the range of 74.65 to 74.40 for the fifth day in absence of fresh cues. Traders are in dilemma as at one end risk-on sentiments and dollar inflows are in favour of rupee while on other hand higher crude oil prices and central bank's interventions adding pressure on rupee," Dilip Parmar, Research Analyst, HDFC Securities. Parmar further added that Spot USDINR is likely to remain in range of 74.40 to 74.65 for few more days amid dollar inflows and stronger regional currencies. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of si

Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations

The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade

Dollar oscillates as market digests US inflation data, ECB

The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.058.

Gold scales near 5-month peak on weaker dollar, inflation worries

Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session

Glut of dollar drives usage of Fed reverse repo facility to record

Even though the offering rate on the Fed facility is 0 per cent, demand has been increasing as a flood of cash overwhelms U.S. dollar funding markets

Rupee slips below 73 against dollar in intraday trade, corrects back

This is because of absence of RBI in the spot market: Experts

Gold subdued on buoyant dollar; investors awaits US inflation data

US gold futures fell 0.2 per cent to $1,834.20 per ounce.

Gold steadies on firm dollar; palladium hovers near record high

Spot gold was flat at $1,778.60 per ounce by 0930 GMT, after falling about 0.8% in the previous session. US gold futures were steady at $1,777

Unfair charge

India is not using currency to gain unfair advantage

US currency list move an intrusion in RBI policy space: Commerce secretary

The commerce secretary said he expects robust growth in exports in the current fiscal year