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Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

Rupee rises 15 paise to 95.32 against US dollar during early trade

The rupee rose 15 paise to 95.32 against US dollar in early trade on Friday as the greenback weakened and oil prices eased despite intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while a strong start to the day's trade at the domestic equity markets provided support, according to forex traders. The US launched new airstrikes against Iran on early Thursday, and Tehran responded by targeting US-allied West Asian countries in an exchange of fire that threatened an interim deal intended to help end the war. Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday's appeared bigger all around, with sirens sounding at least three times in Bahrain, home to the US Navy's 5th Fleet headquarters, and missiles targeting Kuwait and Qatar. At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback before slipping to 95.32, up 15 paise from i

Rupee tumbles to one-month low; crude spike pushes bond yields higher

The rupee recorded its sharpest one-day fall in a month on rising crude oil prices and renewed West Asia tensions, while the benchmark 10-year government bond yield climbed

Amazon seeks to raise at least $25 billion from US dollar bond sale

The size of the offering could increase depending on investor demand, according to people familiar with the matter, who cautioned that no final decision has been made

Sebi weighs shift to rupee-denominated fees from US dollars for FPIs, FVCIs

Other operational changes to common application form, custodian fee also in discussion

Rupee posts biggest one-day fall in over three weeks amid stronger dollar

The rupee weakened 59 paise against the US dollar as broad dollar strength, weaker Asian currencies, importer demand and foreign portfolio outflows weighed on sentiment

For first time, more central banks are set to shrink dollar holdings

An OMFIF survey found more central banks intend to reduce US dollar reserves than increase them over the next decade, while gold continues to gain prominence in reserve management

Kospi steadies after selloff as emerging-market currencies slip on dollar

Emerging-market assets weakened as a stronger US dollar dampened risk appetite, while South Korean stocks rebounded after a sharp tech-driven selloff

Rupee sheds gains on dollar demand despite lower crude oil prices

The rupee surrendered most of its intraday gains as importer demand for dollars and likely RBI purchases offset support from softer crude oil prices

Rupee appreciates for 3rd straight day on easing West Asia tensions

The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71. Eventually, it settled at 94.53 (provisional), up 5 paise from its previous close. "We expect the rupee to trade with a positive bias as global markets cheer the US-Iran deal, which has boosted global risk sentiments. Declining US dollar and falling crude oil prices may further support the rupee. "Easing inflation concerns and ..

China's push for renminbi global role reflects world seeking dollar hedges

The weaponisation of financial markets is driving the search for less risky alternatives, and China is stepping into the breach

The great dollar rush among India's wealthy biz families turns structural

As the rupee weakens, India's wealthy families are accelerating investments in global assets, making currency diversification a core wealth strategy

BS Poll: Rupee may stay under 95 against the dollar till September

The local currency settled at 94.94 per dollar, the highest since May 8, against the previous close of 95.79 per dollar

Rupee falls 28 paise to 95.64 against US dollar during early trade

The rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Wednesday, after the US Trade Representative proposed 12.5 per cent additional duties on India and 53 other countries over forced labour import violations. Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched 95.64 in early trade, down 28 paise from its previous close. On Tuesday, the rupee depreciated 17 paise to close at 95.36 against the US dollar. The US Trade Representative has proposed imposing 12.5 per cent additional duties on 54 countries, including India, for failing to prohibit the import of goods produced with forced labour. The action follows investigations launched against 60 countries over what the USTR described as their failure to impose and effectively enforce bans on imports made wi

Rupee snaps 9-day losing streak to emerge as best-performing Asian currency

The rupee ended a nine-day losing streak on Thursday, aided by RBI intervention in the NDF market and easing crude oil prices

Rupee touches fresh low, nears 97/$ as RBI unveils $5 bn buy-sell swap

The 30-year US bond yield hit the highest level since 2007 on inflation concerns

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

Rupee depreciates 45 paise to 94.67 against US dollar in early trade

The rupee depreciated 45 paise to 94.67 against the US dollar in early trade on Friday, as Brent crude prices rose back to USD 101.00 per barrel after US and Iranian forces exchanged fire near the Strait of Hormuz. Forex traders said investor sentiments were affected after Iran accused the US of violating the ceasefire as the US carried out retaliatory strikes with new attacks, which took place in the Strait of Hormuz and civilian areas, while President Donald Trump said the ceasefire was still in effect. Brent oil prices, which had fallen to USD 98 per barrel amid the US-Iran peace deal, edged higher to USD 101 per barrel as investors weighed the prospects for a Middle East peace deal. At the interbank foreign exchange market, the rupee opened at 94.58 against the US dollar, then lost momentum and touched 94.67 against the American currency, registering a fall of 45 paise over its previous close. On Thursday, the rupee pared initial losses and settled the day on a positive note,

Rupee rises 23 paise to 94.95 against US dollar during early trade

The rupee appreciated by 23 paise to 94.95 against the US dollar in early trade on Wednesday as Brent crude prices retreated from their elevated level after US President Donald Trump hinted at a possible deal with Iran. Forex traders said oil prices fell to USD 108 per barrel, as signs of easing geopolitical tensions in the Middle East offset the lingering supply concerns. At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.95, registering a gain of 23 paise from its previous low. The rupee was later trading at 95.10 against the greenback. On Tuesday, the rupee settled at 95.18 against the US dollar, after witnessing an all-time intraday low of 95.44 on Tuesday on possible RBI intervention after investors retreated from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which reignited supply chain fears. The rupee, which fell to its all-time low of 95.44 on Tuesday, gained this