Page 120 - Us Dollar
Robust foreign inflows, fundraising by banks help rupee fight August curse
ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
 "Robust foreign inflows, fundraising by banks help rupee fight August curse")
Gold prices steady at Rs 52,701 per 10 gram, silver rises to Rs 67,439 a kg
In New Delhi, prices of 22-carat gold jumped significantly to Rs 51,150 per 10 gram from previous close of Rs 50,250 while prices of 24-carat also climbed to Rs 55,900
 "Gold prices steady at Rs 52,701 per 10 gram, silver rises to Rs 67,439 a kg")
RBI remains net purchaser of US dollars in June, buys $9.814 billion
In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May
 "RBI remains net purchaser of US dollars in June, buys $9.814 billion")
Gold slips as dollar bounces on Beijing's sanctions, focus on US-China row
Spot gold was down 0.5% to $2,017.98 per ounce by 0234 GMT, moving further away from a record high of $2,072.50 hit last week
 "Gold slips as dollar bounces on Beijing's sanctions, focus on US-China row")
Oil prices under five-month highs on weaker dollar, low US crude inventory
Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94
 "Oil prices under five-month highs on weaker dollar, low US crude inventory")
Oil prices rise to 5-month high on weak dollar, US crude stockpiles
Oil also drew support from signs that talks between the White House and Democrats in Congress on a new coronavirus relief package are making progress, although the sides remain far apart
 "Oil prices rise to 5-month high on weak dollar, US crude stockpiles")
Gold prices at new all-time high, entering years-long bull run: Analysts
Investment in precious metal safe based on outlook for India in the next four months
 "Gold prices at new all-time high, entering years-long bull run: Analysts")
Gold poised for best week in over 3 months on soft dollar, stimulus bets
Prices have risen more than 4% this week, putting gold on course for its longest winning streak since late 2011
Will US cut off China's access to US dollar system? Fear grips Beijing
Under this payment system, the White House can order US banks to stop processing transactions with certain individuals, institutions and countries, thus, denying them access to the US dollar payments
 "Will US cut off China's access to US dollar system? Fear grips Beijing")
RBI turns net purchaser of US dollar in May, buys $4.363 billion
The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in the spot market in May 2019
 "RBI turns net purchaser of US dollar in May, buys $4.363 billion")
Rupee closes 7 paise higher at 75.58 against US$ on easing crude prices
The rupee settled 7 paise higher at 75.58 against the US dollar on Monday supported by weak American currency and easing crude prices even as the equity market was trading in the negative territory.
 "Rupee closes 7 paise higher at 75.58 against US$ on easing crude prices")
Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade
The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.
 "Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade")
US Fed announces more measures to ease dollar crunch, liquidity strains
The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.
 "US Fed announces more measures to ease dollar crunch, liquidity strains")
Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar
Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.
 "Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar")
Market Ahead, March 20: Top factors that could guide markets today
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
 "Market Ahead, March 20: Top factors that could guide markets today")
Fed's failure to fix credit plumbing leaves markets scrambling for dollars
The big disappointment for markets was that the Fed did not offer a repurchase programme for the commercial paper market
 "Fed's failure to fix credit plumbing leaves markets scrambling for dollars")
Global stocks plunge, dollar slides as Fed's emergency cut spooks investors
US stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen
 "Global stocks plunge, dollar slides as Fed's emergency cut spooks investors")
US dollar falls after Federal Reserve cuts interest rates to near zero
The US Federal Reserve cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks
Rupee hits record low of 74.5 against US dollar amid coronavirus scare
Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level
 "Rupee hits record low of 74.5 against US dollar amid coronavirus scare")
RBI announces USD INR sell/buy swap for liquidity amid Coronavirus
The first sell/buy swap auction involving $2 billion will be held on Monday, the central bank said
 "RBI announces USD INR sell/buy swap for liquidity amid Coronavirus")