Page 28 - Us Dollar

RBI's forex swaps, arbitrage spur inversion of rupee forward premiums curve

The implied yield on near-maturity forwards is now higher than on longer-term forwards for the first time this year

Rupee falls 2 paise to near all-time low of 84.85 against US dollar

The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices. An elevated dollar index and muted domestic equity markets weighed on the Indian currency even as investors were awaiting cues from domestic inflation data to be released later in the day, forex traders said. At the interbank foreign exchange, the rupee opened at 84.85 against the greenback, registering a fall of 2 paise over its previous close. On Wednesday, the rupee settled with a gain of 2 paise at 84.83 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.12 per cent at 106.26. Brent crude, the global oil benchmark, rose 0.12 per cent to USD 73.61 per barrel in futures trade. On the domestic equity market front, the 30-share benchmark index Sensex was trading with a marginal gain of 53.59 points, or 0.07 per cent at

Yellen says US will 'react strongly' to any currency manipulation

Asked about the potential for the Trump administration to try to weaken the dollar's value through a new version of the 1985 Plaza Accord, Yellen said that the Biden administration believes it's best

Rupee falls 2 paise to all-time low of 84.87 against dollar in early trade

The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering a fall of 2 paise over its previous close. On Tuesday, the rupee settled for the day on a flat note higher by just 1 paisa at 84.85 against the US dollar. The Indian rupee opened at its lowest after the market expected the new RBI Governor to be dovish in his stance coming from the Finance Ministry and may cut rates as early as in February 2025, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex

Rupee ends marginally lower, near-term bearish bias tipped to persist

While the rupee touched a low of 84.7350 during the session, mild dollar sales from state-run banks helped avoid further losses, traders said

Rupee falls 7 paise to 84.73 against US dollar during early trade

The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. On Friday, the rupee appreciated by 5 paise to settle at 84.66 against the US dollar. "On the domestic front, all eyes will be on Industrial Production (IIP) and CPI data following last week's RBI monetary policy announcement. The 50-basis point CRR cut provided much-needed liquidity and lent support to the Rupee," CR Forex Advisors MD Amit Pabari said. The Reserve Bank of India on Friday kept its key interest rate unchanged citing inflation risks, but cut the Cash Reserve Ratio that banks are required to park with the central bank

Brics nations have no interest in weakening US dollar: EAM Jaishankar

His remarks came a week after US President-elect Donald Trump had demanded that Brics member countries commit to not creating a new currency

World Bank gets $100 billion replenishment of fund for poorest countries

World Bank made the announcement today in Seoul at a pledging conference for the International Development Association, which provides grants and very low-interest loans to 78 low-income countries

Rupee rises 7 paise to 84.64 against US dollar during early trade

Rupee appreciated 7 paise to 84.64 against the US dollar in morning trade on Friday, ahead of the Reserve Bank's monetary policy decision. Forex traders said fresh foreign fund inflows supported investor sentiments, however, a muted trend in domestic equities weighed on the domestic unit. Moreover, market participants are also awaiting cues from the upcoming Reserve Bank of India (RBI) monetary policy on Friday, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.66 and moved in a tight range and touched 84.64 against the greenback, registering a gain of 7 paise over its previous close. On Thursday, the rupee recovered from its all-time low level and settled for the day with gains of 4 paise at 84.71 against the US dollar. "The Indian rupee is expected to open a tad stronger after the Central Bank sold dollars at 84.75 levels and ensured it stayed in the range of 84.70 to 84.75. As the RBI announces policy rates amid

Asian shares slip on South Korea risk, dollar steady ahead of payrolls

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent in part due to a 1.7 per cent drop in South Korea's KOSPI

'Trump trade' twists can adversely affect EM investors as dollar drags down

Since the third week of September, the US dollar has strengthened 4.0 per cent against a basket of EM currencies

Rupee trading flat at 84.68 against US dollar in early trade today

The rupee traded flat against the US dollar at 84.68 on Wednesday morning as foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity markets prevented a drop in the currency. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. At the interbank currency exchange, the local unit opened at 84.66, 2 paise higher than Tuesday's close but lost the gains immediately after to trade flat at 84.68 against the greenback. The rupee had recovered from its all-time low level and settled with gains of 4 paise at 84.68 against the US dollar on Tuesday. "The rupee opened stable at 84.68 after the Reserve Bank of India (RBI)

Rupee recovers losses after hitting new intraday low of 84.76 per dollar

Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses

Gold prices inch higher on Fed rate optimism with US data due in December

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

Rupee recovers from all-time low, rises 3 paise to 84.69 against US dollar

The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.69 (provisional) against the US dollar in a range-bound trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. US President-elect Trump on Saturday threatened a 100 per cent tariff on BRICS nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a narrow range and touched an intra-day high of 84.64 and an all-time low of 84.76 against the greenback. On Monday, the rupee depreciated 12 paise to close at an ...

Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade

The rupee fell 4 paise to all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee was largely on the back of Donald Trump's rhetoric on BRICs currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a tight range and touched all-time low of 84.76 against the greenback, registering a fall of 4 paise over its previous close. On Monday, the rupee ..

Asian stocks rise to record highs on Wall Street; euro, yuan slump behind

The dollar received some support overnight from better-than-expected U.S. manufacturing data, which also showed a mitigation in price increases

Block deal activity hits 6-month low at Rs 25,669 crore as markets wobble

Relentless selling by FPIs, disappointing earnings growth during the second quarter, and a rising US dollar have taken the wind out of the sails for secondary share sales

Explained: What is de-dollarisation and why Trump warned Brics nations?

Donald Trump has threatened to impose 100 per cent tariffs on Brics nations if they push for de-dollarisation and introduce a currency that could challenge the US dollar

Gold prices drop 1% after four sessions of gains as US dollar strengthens

The dollar index gained 0.5 per cent, on track for its best day in over a week, making greenback-priced bullion more expensive for holders of other currencies