Page 23 - Us Dollar

Dollar dips due to market uncertainty as Trump's tariff announcement nears

Details about the size and scope of the trade barriers set to come into force remain unknown, but the Washington Post reported that Trump's aides were considering a plan that would raise duties

Indian Rupee ends at 85.51/$ as markets focus on tariff announcement

Trump is expected to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden

Indian Rupee opens 21 paise weaker at 85.68/$ with Trump tariffs in focus

Tracking the fall in the dollar index, the currency appreciated by 2.39 per cent in March, registering the best month since November 2018

Indian Rupee logs best month in over 6 years; Ends FY25 down 2.5%

The currency has appreciated by 2.39 per cent in March -- the best month since November 2018 -- tracking the fall in the dollar index

BOI's first dollar loan deal in over a decade raises $400 mn, woos 22 banks

The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff

Rupee weakens after 9-day rise on month-end oil importers' dollar demand

The local currency depreciated up to 85.83 per dollar during the day; however, foreign inflows supported the domestic unit, said dealers

Indian Rupee snaps nine-day rally, ends 17 paise lower at 85.77/$

The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data

Indian Rupee ends 35 paise stronger; Logs best winning streak in 13 months

The domestic currency ended 35 paise stronger at 85.63 against the greenback after closing at 85.98 on Friday, according to Bloomberg data

Forex kitty rises by $305 million to $654.271 billion, shows RBI data

The country's forex reserves increased by USD 305 million to USD 654.271 billion during the week ended March 14, the RBI said on Friday. In the previous reporting week, the overall reserves rose by USD 15.267 billion to USD 653.966 billion and registered the sharpest weekly rise in two years. The spike in foreign reserves was partly attributed to the USD 10 billion forex swap done by the Reserve Bank of India. The reserves have been on a declining trend recently due to revaluation, along with forex market interventions by the RBI to help reduce volatilities in the rupee. The forex reserves increased to an all-time high of USD 704.885 billion in September 2024. For the week ended March 14, foreign currency assets, a major component of the reserves, decreased by USD 96 million to USD 557.186 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen

Rupee falls 10 paise to 86.66 against US dollar during early trade

The rupee declined 10 paise to 86.66 against the US dollar in early trade on Wednesday amid a firm American currency index ahead of the Federal Reserve's interest rate decision and prevailing concerns due to global trade tariff moves. Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in domestic equity markets. At the interbank foreign exchange, the rupee opened weak at 86.60 and fell to 86.68 before trading at 86.66 against the greenback in initial deals, registering a loss of 10 paise from its previous closing level. Rupee settled 25 paise higher at 86.56 against the US dollar on Tuesday, gaining for the the third straight session during which it added 66 paise. The unit had appreciated 24 paise to close at 86.81 against the US dollar on Monday after ending 17 paise up at 87.05 in the preceding session on Thursday. Forex market was closed on Friday on the occasion of Holi festival. Meanwhile, the US dollar inde

Rupee rises 10 paise to 86.71 against US dollar during early trade

The rupee appreciated 10 paise to 86.71 against the US dollar in early trade on Tuesday, tracking its Asian peers and supported by positive domestic equities. Forex traders said the sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns. At the interbank foreign exchange, the rupee opened at 86.71 against the greenback, up 10 paise from its previous close. On Monday, the rupee had appreciated 24 paise to close at 86.81 against the US dollar. Asian currencies gained slightly as CNH rose to 7.2338, IDR was at 16395 and KRW at 1445. Fears that US President Donald Trump's aggressive tariff policies could trigger a broader economic slowdown have undermined the greenback, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.19 per cent higher at

Dollar dented by worries over Trump's tariffs; euro remains in favour

The euro has strengthened after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy

Rupee rises 25 paise to 86.80 against US dollar during early trade

The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee's trajectory. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then gained some ground and touched 86.80 against the greenback, up 25 paise from its previous close. On Thursday, the rupee surged 17 paise to settle at 87.05 against the US dollar. Forex, stock markets were closed on Friday on the occasion of Holi festival. "The USD/INR pair is expected to trade within the 86.80-87.40 range in the near to medium-term. A breakout beyond this band could trigger an additional m

Rupee jumps 19 paise to 87.03 against US dollar during early trade

The rupee appreciated 19 paise to 87.03 against the US dollar in early trade on Thursday, buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets. According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow, but a weaker American currency index and lower level of crude oil prices added strength to the local unit. At the interbank foreign exchange, the rupee opened stronger at 87.13 and touched a high of 87.03 against the greenback in early deals, registering a sharp gain of 19 paise from its previous closing level. The rupee settled 1 paisa lower at 87.22 against the US dollar on Wednesday, a day after logging a recovery of 10 paise on Tuesday as it pared the steep loss of 36 paise in the preceding session (Monday). Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.01 per cent at 103.57. Brent crude, the global o

Dollar struggles to lift off lows as traders gear for potential trade war

President Donald Trump's unpredictable announcements on trade policy have whipsawed markets and drawn tariff retaliation from trading partners, ramping up a global trade war

Rupee gains as dollar drops to four-month low amid global uncertainty

Uncertainty about trade tariffs and their impact on the growth-inflation dynamic in the United States has sapped risk appetite from markets alongside a sharp selloff in US equities

Rupee gains 1 paisa to 87.30 against US dollar during early trade

The rupee turned almost flat and gained 1 paisa to 87.30 against the US dollar in early trade on Tuesday on the back of weaker American currency and lower level of crude oil prices. However, volatile domestic equity markets amid fear of recession in the US and trade-related uncertainties impacted investor sentiment adversely, forex traders said. At the interbank foreign exchange, the rupee opened at 87.37, slipped to 87.39 and then slightly strengthened to 87.30 against the greenback in early deals, registering a gain of 1 paisa from its previous closing level. On Monday, the rupee sank 36 paise to close at 87.31 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.20 per cent at 103.75. Brent crude, the global oil benchmark, rose 0.01 per cent to USD 69.29 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex was trading 424.36 points, or 0.57 per cent, l

Rupee plunges 30 paise to 87.25 against US dollar during early trade

The rupee saw a steep plunge of 30 paise to 87.25 against the US dollar in early trade on Monday as the American currency started recovering from six-month low level while trade-related uncertainties weighed on investor sentiment. A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit, though it found some support due to easing crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened weak at 87.24 amid intense volatility and touched the low of 87.34 before trading at 87.25 against the greenback in early deals, down 30 paise from its previous closing level. On Friday, the rupee appreciated 17 paise to close at 86.95 against the US dollar. The rupee had settled 6 paise lower at 87.12 against the US dollar on Thursday, snapping its three-session rally. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.03 per cent at ...

Rupee falls 6 paise to 87.18 against US dollar during early trade

The rupee declined 6 paise to 87.18 against the US dollar in early trade on Friday, tracking lacklusture sentiment worldwide triggered by trade-related uncertainties and relentless outflow of foreign capital from domestic equities. However, weakening American currency index and lower level of crude oil prices helped the Indian currency prevent a sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened at 87.13 and lost further to trade at 87.18 against the greenback in early deals, registering a depreciation of 6 paise from its previous closing level. Snapping its three-day rally, the rupee settled 6 paise lower at 87.12 against the US dollar on Thursday. It had gained 31 paise in the preceding three consecutive sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 103.99. Brent crude, the global oil benchmark, went up marginally by 0.20 per cent but stayed a

Rupee falls 5 paise to 87.11 against US dollar during early trade

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. The local currency found support initially amid the US move to delay implementation of higher tariffs on Canada and Mexico, forex traders said. Also, RBI's decision to infuse Rs 1.9 trillion liquidity into the banking system added strength to the domestic unit. However, they said, volatile equity markets played a spoilsport and pushed back the local unit to the negative territory. At the interbank foreign exchange, the rupee opened stronger at 86.96, went up to 86.88 but soon pared most of its gains and traded at 87.11 against the greenback, registering a loss of 5 paise from its previous closing level. The rupee settled 13 paise higher at 87.06 against the US dollar on Wednesday, the third straight day of gain. In the preceding t