Page 26 - Us Dollar

Rupee depreciates 9 paise to hit record low of 85.83 against US dollar

The rupee depreciated 9 paise to hit its record low of 85.83 against the US dollar in early trade on Wednesday as strengthening American currency and higher crude oil prices continued to play spoilsports even as the government lowered the country's economic growth projection. According to analysts, subdued domestic equity markets also weighed on the Indian currency even as better growth prospect in the US economy fuelled the expectations of delayed interest rate cut by the Federal Reserve, leading to a record rise in the US Treasury yields as well as dollar demand. The latest government data released on Tuesday showed India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25 due to poor show by the manufacturing and services sectors. The Gross Domestic Product (GDP) growth at 6.4 per cent will be the lowest since the Covid year (2020-21) when the country witnessed a negative growth of 5.8 per cent. It was 8.2 per cent in the last fiscal ended ..

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar

Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally

Asian stocks slip as strong dollar reflects steady US economy, rate outlook

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent, with Japan's Nikkei down 0.8 per cent

Dollar advances as Fed likely to slow rate cut pace after US jobs data

The greenback rose to a near six-month peak after the US data. It was up 0.4 per cent at 158.195 yen. Earlier in the global session, the dollar hit its highest since July of 158.425 yen

Dollar falls as markets ponder proposed Trump tariffs, US data in focus

Investors have been pricing in a scenario where the implementation of widespread tariffs could boost US inflation, potentially limiting the Federal Reserve's ability to cut interest rates

Rupee depreciates 7 paise to 85.75 against US dollar in early trade

The rupee depreciated 7 paise to 85.75 against the US dollar in early trade on Tuesday, dragged down by a strong American currency and sustained outflow of foreign funds. The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas, forex traders said. At the interbank foreign exchange, the rupee opened at 85.77, slipped to 85.80 before trading again at 85.75 against the greenback in initial deals, 7 paise lower from its previous close. On Monday, the rupee settled 11 paise higher at 85.68 against the dollar. During intraday, the unit had touched the lowest level of 85.84 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.09 per cent lower at 108.09. Brent crude, the global oil benchmark, declined 0.05 per cent to USD 76.26 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex

Oil prices edge up to 12-week high on US winter storm, weaker dollar

Brent futures rose 27 cents, or 0.4 per cent, to $76.78 a barrel by 11:33 a.m. EST (1633 GMT), while US West Texas Intermediate crude rose 27 cents, or 0.4 per cent, to $74.23

Rupee to stay under pressure as traders eye RBI's defence of 85.80

The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77

Asian shares wary as US outperformance lifts dollar ahead of key data

The star of the US line up is the December payrolls report, where analysts expect a rise of 150,000 with unemployment holding at 4.2 per cent

Rupee falls 3 paise to 85.78 against US dollar during early trade

The rupee depreciated 3 paise to 85.78 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market and a muted trend in domestic equities. Forex traders said the US dollar gained against most currencies during 2024 and continued to remain on a strong footing this year. Moreover, the market will keep its focus on Donald Trump's policies which could boost growth but could also increase price pressures and this would keep the US FED on a hold for longer on interest rate cuts. At the interbank foreign exchange, the rupee opened at 85.77 then fell further to 85.78 against the American currency, registering a decline of 3 paise over its previous close. On Thursday, the rupee depreciated 11 paise to close at a record low of 85.75 against the US dollar. On December 27, the local currency touched its lifetime intraday low of 85.80 against the greenback. "The Indian rupee opened weaker after a record closing on Thursday, as d

Asian shares rise, dollar at two-year high as US rates, Trump in focus

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33 per cent higher but on course for a nearly 1 per cent drop for the week

A flexible approach: Orderly rupee depreciation should be allowed

The rupee has a lot of catching up to do because its slide has been postponed when compared to its peer currencies and competitors

Rupee falls 11 paise to 85.75 against US dollar during early trade

The rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday, weighed down by the significant uptrend in the dollar index and US 10-year bond yields. Forex traders said the dollar gained against most currencies during the year 2024 and continued to remain on a strong footing this year. Moreover, persistent foreign fund outflows further dented investors' sentiments. Additionally, global markets are expected to see low volumes as the holiday season is underway in major economies like the UK and Europe. At the interbank foreign exchange, the rupee opened at 85.69 then fell further to 85.75 against the American currency, registering a fall of 11 paise over its previous close. On Wednesday, the rupee settled flat at 85.64 against the US dollar. On December 27, the local currency touched its lifetime intraday low of 85.80 against the greenback. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 108.32,

Dollar starts 2025 higher, yen sinks to five-month low on rate concerns

A wide interest rate difference between the US and other economies has cast a shadow over the currency market

BS Poll: Rupee to stay under pressure, seen at 86 to dollar by March-end

The currency hit a new closing low of 85.65 in the first trading session of 2025

Rupee falls 5 paise to 85.69 against US dollar during early trade

The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields have been on an uptrend largely owing to the Federal Reserve's cautious stance and the "Trump factor". Additionally, global markets are expected to see low volumes as the holiday season is underway in major economies like the UK and Europe. At the interbank foreign exchange, the rupee opened at 85.63 then fell further to 85.69 against the American currency, registering a fall of 5 paise over its previous close, On Tuesday, the rupee depreciated 12 paise to close at a fresh all-time closing low of 85.64 against the US dollar. On December 27, the local currency touched its lifetime intraday low of 85.80 against the greenback. According to Anil Kumar Bhansali, Head of Treasury a

Rupee tipped to weaken gradually amid dollar strength as 2025 kicks off

The local unit dipped to its sixth consecutive record closing low on Tuesday, pressured by a decline in its regional peers

Dollar gains as US Fed's rate-cut rethink fuels best year since 2015

The dollar advanced against all of its major peers in 2024, with the New Zealand dollar, Norwegian krone and Japanese yen weakening the most against the US currency

Oil prices rise on China stimulus hopes; Brent, WTI set for weekly gain

However, a stronger US dollar capped oil price gains. The US currency has been boosted by expectations that the incoming Donald Trump administration's policies will boost growth and lift inflation

Rupee falls 10 paise to hit new record low of 85.25 against US dollar

The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the US dollar in early trade on Thursday, dragged down by the unabated outflow of foreign capital amid increased month-end demand of the American currency. Positive sentiment in domestic equity markets failed to support the Indian currency as the greenback index remained elevated while crude oil prices were on upward move, forex traders said. At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level. On Tuesday, the rupee fell 4 paise to settle at a record low of 85.15 against the US dollar. The forex markets were closed on Wednesday for Christmas. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.11 per cent but remained elevated at 107.90, amid soaring US ...