Page 24 - Us Dollar

Rupee falls 8 paise to 87.40 against US dollar during early trade

The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close. On Monday, the rupee settled with a gain of 5 paise at 87.32 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 106.61, lower by 0.12 per cent, amid escalating trade tensions, which have been triggered by US. President Donald Trump's renewed tariff policies. Brent crude, the global oil benchmark, quoted 0.63 per cent lower at USD 71.17 per barrel in futures

Rupee appreciates 9 paise to 87.28 against US dollar in early trade

The rupee appreciated 9 paise to 87.28 against the US dollar in early trade on Monday as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data. According to forex traders, withdrawal of foreign capital is expected to halt as the latest government data released on Friday showed the country's economy grew by 6.2 per cent in the October-December quarter, recovering sequentially from seven-quarter lows. However, the volatility triggered by the US tariff continued to linger, leading to an increase in crude oil prices and capping a sharp gain in the domestic currency, they said. At the interbank foreign exchange, the rupee opened at 87.36 and gained further ground to 87.28 against the American currency, registering a gain of 9 paise from its previous close. On Friday, the rupee fell 19 paise to settle at 87.37 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength aga

Rupee falls 19 paise to 87.37 against US dollar during early trade

The rupee declined 19 paise to 87.37 against the US dollar in early trade on Friday, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.32, then fell to 87.37 against the American currency, registering a decline of 19 paise over its previous close. On Thursday, the rupee settled almost flat with a marginal gain of 1 paisa at 87.18 against US dollar. "The Indian rupee depreciated by 20 paise influenced by rising geopolitical tensions and the looming threat of trade wars," CR Forex Advisors MD Amit Pabari said. Moreover, the Reserve Bank of India is actively intervening near the 87.40 level to curb excessive depreciation of the rupee, Pabari said, adding that

Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support

The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index

Rupee falls 2 paise to close at 87.21 against dollar on FIIs outflows

Rupee depreciated 2 paise to close at 87.21 (provisional) against US dollar as a muted trend in domestic markets and persistent foreign fund outflows weighed on investor sentiments. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. Moreover, month-end dollar demand also boosted the American currency. At the interbank foreign exchange, the rupee opened at 87.26 and touched the high of 87.12 against the greenback during intraday. It also touched the low of 87.41 before ending the session at 87.21 (provisional) against the dollar, registering a loss of 2 paise from its previous close. On Tuesday, the rupee fell sharply by 47 paise to settle at 87.19 against the US dollar. On Wednesday, equity, forex, commodity markets were closed on account of Mahashivratri. "We expect the rupee to trade with a negative bias on account of weakness in the domestic markets and sustained outflows by FIIs. Any further ...

Global stocks, dollar jump as House advances Trump's tax cut plans

The Republican-controlled US House of Representatives late on Tuesday narrowly passed Trump's $4.5 trillion tax-cut plan

Rupee records steepest single-day fall in 3 weeks against US dollar

The rupee depreciated by around 50 paisa, or 0.58 per cent, to settle at 87.21 against the dollar, compared to the previous close of 86.71 per dollar

Rupee depreciates 16 paise to 86.88 against US dollar in early trade

The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.83, before sliding further to 86.88, down 16 paise from Monday's close of 86.72. "The rupee was again sold off on Monday as month-end dollar demand kept rupee lower from a high of 86.56 to 86.75. Due to risk of sentiments, the market is expected to buy dollars to take it higher against the rupee," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the domestic equity markets rebounded on Tuesday with the 30-share BSE Sensex rising 117.57 points to 74,571.98 in early trade, while Nifty was up 31.3 points to 22,584.65. The dollar index, which gauges the greenback's strength agains

Rupee appreciates 1 paisa to 86.67 against US dollar in early trade

The rupee rose 1 paisa to 86.67 against the US dollar in early trade on Monday amid a weakening greenback against international currencies. However, a sharp fall in the domestic equity markets in morning trade, a decline in the country's forex reserves and sustained FII outflows prevented further gains, forex traders said. At the interbank foreign exchange, the domestic unit opened at 86.58, up 10 paise against the US dollar, but gave up initial gains to reach 86.67, just 1 paisa higher than Friday's close. On Friday, the rupee pared initial gains and settled 4 paise lower at 86.68 against the US dollar. The rupee is expected to trade in a range of 86.35-75 as the market gives opportunity for both exporters and importers to sell and buy their currencies, Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent low

Rupee rises 14 paise to 86.50 against US dollar during early trade

The rupee appreciated 14 paise to 86.50 against the US dollar in early trade on Friday, fuelled by the broad weakening of the US dollar, which faced downward pressure from lackluster economic data. Forex traders said rupee is expected to trade with a slight negative bias on weak domestic equities and foreign fund outflows. However, overall weakness in crude oil prices may cushion sharp downside. At the interbank foreign exchange, the rupee opened at 86.50 against the greenback, up 14 paise from its previous close. On Thursday, the rupee appreciated 34 paise to close at 86.64 against the US dollar. "The dollar's weakness created a favourable environment for the Indian rupee," CR Forex Advisors MD - Amit Pabari said, adding that "India's robust real yield of 2.39 per cent attracted capital, supported by the Reserve Bank of India's proactive interventions". Investors will await cues from the minutes of the RBI's monetary policy meeting, that is expected to provide further insights in

Yen surges, dollar weakens, Wall Street off the pace as Trump trades turn

The dollar was weakened by Federal Reserve policymakers discussing slowing or pausing the drawdown of its bloated balance sheet

Rupee appreciates 19 paise to 86.79 against US dollar in early trade

The rupee appreciated 19 paise to 86.79 against the US dollar in early trade on Thursday, as the American currency and crude oil prices retreated from their elevated levels. Forex traders said there is a negative bias for the USD/INR pair amid a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments. At the interbank foreign exchange, the rupee opened at 86.88 and gained further ground to trade at 86.79 against the greenback during early deals, up 19 paise from its previous close. On Tuesday, the rupee depreciated 10 paise to close at 86.98 against US dollar. The forex market was closed on Wednesday on account of 'Chatrapati Shivaji Maharaj Jayanti' Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.16 per cent lower at 107. Brent crude, the global oil benchmark, fell 0.34 per cent to USD 75.78 per barrel in futures trade. Forex traders said on the domestic fro

Dollar steady, yen strengthens as traders mull Ukraine peace talks

Trump's administration said on Tuesday it had agreed to hold more talks with Russia on ending the war in Ukraine after an initial meeting that excluded Kyiv

Yen rallies on upbeat growth data, dollar steady around two-month low

This has cemented the case for more rate hikes from the Bank of Japan this year. Markets are now pricing in roughly another 37 basis points worth of increases by December

Forex reserves increase $7.65 bn to $638.26 bn in week ended Feb 7

India's forex reserves jumped by USD 7.654 billion to USD 638.261 billion in the week ended February 7, the RBI said on Friday. This is the third consecutive week of a jump in the kitty, which had increased by USD 1.05 billion to USD 630.607 billion for the week ended January 31. The reserves had been on a declining trend recently due to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion at end-September 2024. For the week ended February 7, foreign currency assets, a major component of the reserves, increased by USD 6.422 billion to USD 544.106 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 held in the foreign exchange reserves. Gold reserves increased by USD 1.315 billion to USD 72.208 billion during the week,

Rupee rises 8 paise to 86.85 against US dollar during early trade

The rupee appreciated 8 paise to 86.85 against the US dollar in early trade on Friday as the American currency retreated from elevated level and domestic equity markets shows favourable trend. The local unit, however, remained under pressure due to unabated foreign fund withdrawal and higher crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened at 86.86 and gained further ground to trade at 86.85 against the greenback during early deals, up 8 paise from its previous close. On Thursday, the rupee settled almost flat with a gain of just 2 paise at 86.93 against the US dollar. The unit had closed 16 paise lower on Wednesday, a day after surging 66 paise, witnessing the highest single-day rise in nearly two years. The domestic unit has been facing extreme volatility for the past few months due to several global macroeconomic uncertainties. Finance Minister Nirmala Sitharaman on Thursday said the rupee along with other Asian currencies has depreciate

Brazil nixes Brics currency, eyes less reliance on 'mighty' dollar

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Rupee rises 27 paise to 86.52 against US dollar during early trade

The rupee sustained its recovery from lowest level for the second straight session and appreciated 27 paise to 86.52 against the US dollar on Wednesday supported by easing crude oil prices and measures by the Reserve Bank. However, rupee's gain was capped by the volatile domestic equity markets, outflow of foreign funds and strengthening American currency amid concerns over the worldwide tariff war, forex traders said. At the interbank foreign exchange, the rupee opened at 86.44, touched a high of 86.36 and then traded at 86.52 against the greenback during early deals, 27 paise higher from its previous close. On Tuesday, the rupee appreciated 66 paise, logging the maximum single-day gain since March 3, 2023, to close at 86.79 against the US dollar. The steep surge came a day after the unit plunged to near 88 per US dollar level during intraday on Monday, though the currency staged a dramatic rebound in the second half to end the session with gains at 87.45 against the ...

Rupee appreciates 61 paise to 86.84 against US dollar in early trade

The rupee gained 61 paise to 86.84 against the US dollar in early trade on Tuesday, after nearing closer to 88-level on Monday, amid high volatility as heightened trade war fears have created widespread economic uncertainty, significantly impacting global currency markets. The sharp depreciation in the rupee was driven primarily by the threats of reciprocal tariffs and additional protectionist measures that have strained global supply chains, deepening concerns over prolonged economic disruption, forex traders said. At the interbank foreign exchange, the rupee opened at 87.45 against the greenback, then touched 86.84 against the American currency in morning trade, registering a rise of 61 paise from its previous close. On Monday, the rupee plunged 45 paise and moved closer to the 88 per US dollar level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. "As USD/INR neared 88, the RBI ...

Reserve Bank of India pulls back rupee from the brink of 88 against dollar

The rupee depreciated to a new low of 87.95 prompting the central bank to intervene, dealers said