Us Dollar

Dollar trade with US aligns with Russia's national currency policy: Kremlin

The trade with the US in dollars does not contradict Russia's principle policy of use of national currencies in foreign transactions, the Kremlin said Saturday. Russia switched to the use of national currencies in foreign trade after its USD and Euro accounts were frozen by the West following the outbreak of the 2022 conflict with Ukraine and has been pushing for a global de-dollarisation trend. In an interview to the state-run TASS news agency, the Kremlin spokesperson Dmitry Peskov pointed that the dollar is the national currency of the United States, so its use in transactions with Washington will not conflict with the principle of transitioning to national currencies. "In general, yes," the Kremlin spokesman agreed with the thesis about the dollar as the national currency in Russian-American trade and that its use will not fundamentally affect Russia's interactions with its current partners. Amid reports of bilateral negotiations to expand economic cooperation between Moscow an

Rupee weakens as RBI intervenes; forex reserves drop $6.7 billion

Indian unit settles at 90.64 per dollar as RBI intervenes via dollar sales; forex reserves drop $6.7 billion in week ended February 6 on decline in gold holdings

RBI surprises market with aggressive pre-open dollar sales, say bankers

The rupee was headed for a largely flat open before the unexpected intervention, with Asian peers showing little reaction to the upside surprise in US payrolls

'Surprised by market reaction to Kevin Warsh's nomination to the US Fed'

The dollar, said Aditya Bhave, senior US economist at BofA Global Research, will most likely remain the world's reserve currency.

As the US closes its doors, world economies must prepare for a new future

How the US is abandoning the openness that helped it win the Cold War

Gold, silver extend losses amid global tech rout, firmer US dollar

In geopolitical news, the White House said that diplomacy is President Donald Trump's first ‍choice for dealing with Iran and he will wait to see whether a deal can be struck at high-stakes talks

Rupee edges higher on inflows, importer dollar demand caps gains

The rupee strengthened marginally on Thursday on modest inflows from a bond issue, but importer demand for dollars and foreign outflows kept gains limited ahead of the RBI's policy decision

Rupee posts highest single-day gain in 7 years; up 1.38% to settle at 90.27

Rupee posts its biggest single-day gain in seven years as US tariff cut to 18 per cent boosts sentiment and triggers unwinding of speculative short positions

Xi Jinping revives push to make China's yuan a global reserve currency

China is stepping up efforts to boost the yuan's global role as President Xi Jinping calls for wider use of the currency in trade, investment and foreign exchange markets

RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low

RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength

Rupee slips to 92 against US dollar before RBI pulls it back slightly

The rupee slid to an intraday low of 92 per dollar amid dollar demand and FPI outflows, with RBI intervention preventing a breach of the key psychological level

Stablecoins can disrupt capital flows to emerging markets: Eco Survey

The survey said that the outflow of capital, including with the advent of stablecoins, is a risk to watch out for

Asian shares mixed after Wall St sets record, US dollar slides further

Asian shares were mixed on Wednesday after the S&P 500 ticked to a record, as the US dollar's value slid further. Later Wednesday, the Federal Reserve will announce its next move on interest rates. The expectation is that it will hold its main interest rate steady for now. South Korea's benchmark hit a record, lifted by gains for technology shares like computer chip maker SK Hynix, which climbed 3 per cent. The Kospi was up 1.3 per cent at 5,152.14. Tokyo's Nikkei 225 index lost 0.5 per cent to 53,055.58. The dollar rebounded slightly against the Japanese yen but has still weakened sharply since last week, putting pressure on shares of major exporters. Toyota Motor Corp. lost 3 per cent, and other major manufacturers also extended losses. The dollar was trading at 152.75 yen, up from 152.19 yen. But it's nearly 4 per cent lower than its level last week, when it surged to near 160 yen, prompting both Japanese and US officials to warn they will intervene to stanch the yen's ...

Gold's blistering rally continues past $5,200 as dollar drops to 4-year low

Spot gold rose 0.6 per cent to $5,219.97 per ounce, as of 0153 GMT, after scaling a record high of $5,224.95 earlier, up more than 20 per cent since the start of the year

Rupee falls to new low of 91.96 per dollar due to sustained FPI outflow

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows

Rupee avoids new low as RBI steps in to control excess volatility

The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar

RBI proposes linking Brics' digital currencies to cut reliance on US dollar

India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time

Rupee sees worst single-day fall in 2 months on importer dollar demand

Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses

Gold slips as strong US data, easing Iran tensions dent safe-haven demand

Gold prices slipped slightly as strong US economic data and easing tensions in Iran reduced safe-haven demand. Despite the dip, gold remained up for the week after hitting record highs

Why a weaker rupee is riskier than it appears for Indian borrowers

The rupee's depreciation is often seen as an opportunity - but this narrative overlooks its impact on borrowers of foreign-currency debt