Page 27 - Us Dollar

FPIs withdraw Rs 22,194 cr in Jan amid weak earnings outlook, rising dollar

Foreign investors have withdrawn Rs 22,194 crore from Indian equities this month, driven by expectations of a weak earnings season, a steady rise in the US dollar, and concerns over tariff war during Donald Trump's presidency. This came following an investment of Rs 15,446 crore in the month of December, data with the depositories showed. Foreign investors have scaled back their investments in Indian equities significantly amid global and domestic headwinds. "This exodus of foreign money from the Indian markets could be attributed to multitude of factors, such as expectation of yet another weak earning season, concerns over the tariff war under Trump's presidency, slowdown in GDP growth, still high inflation numbers and uncertainty over the commencement of the interest cut in India," Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said. Additionally, record low level of Indian rupee, surge in US bond yields coupled with rich valuati

Asian shares fall, dollar near 14-month high as inflation, earnings loom

The impact of the jobs report on US rate cut prospects also raised the stakes for consumer price figures

Rupee hits record low of 85.94/$ intraday, recovers to close at 85.86/$

The dollar index inched up to 109.14 compared to 108.98 on Wednesday. The index measures the strength of the greenback against a basket of six major currencies

Rupee falls 1 paisa to record low of 85.92 against US dollar in early trade

The rupee slipped 1 paisa to its record low of 85.92 against the US dollar in early trade on Thursday, the third straight session of downfall, weighed down by a stronger American currency and higher crude oil prices. Forex traders said the relentless outflow of foreign funds amid soaring US bond yields boosted the American currency, while subdued domestic equity markets pushed the rupee down further. At the interbank foreign exchange, the rupee opened at its historic low level of 85.94 and inched up to 85.92 against the greenback in initial deals, trading with a loss of 1 paisa from its previous close. On Wednesday, the rupee plunged 17 paise to settle at its all-time low closing level of 85.91 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower but stayed elevated at 108.80. The 10-year US bond yields also remained elevated at 4.66 per cent amid expectations of delayed interest

Rupee hedging costs in Indian assets highest since 2022 on bearish bets

Dollar-rupee three-month offshore forward points, the cost of locking in forward dollar purchases, are hovering near the highest since November 2022 reached last week

Rupee falls 13 paise to settle at new record low of 85.87 against dollar

The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 (provisional) against the US dollar on Wednesday amid higher crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity markets and sustained outflow of foreign funds also played spoilsport even as investors stayed cautious over lower economic growth projection by the government, forex analysts said. At the interbank foreign exchange, the rupee opened at 85.82 and touched the lowest-ever level of 85.89 against the greenback during intra-day. The unit settled at 85.87 (provisional) against the dollar, 13 paise lower than its previous close. On Tuesday, the rupee settled with a loss of 6 paise at 85.74 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.35 per cent higher at 108.76. The 10-year US bond yields also remained elevated at 4.67 per cent amid

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