Page 29 - Us Dollar

Rupee's stability provides resilience amid uncertainty of US elections

"The RBI remains strongly in the market to cap FX volatility and FX reserves are more than adequate," said Michael Wan, senior currency analyst at MUFG Bank. Also, India's "macro stability remains

Currency market stays steady as investors await US jobs report, elections

"We think the chances of a Dec. rate hike have somewhat increased after Gov. Ueda's press conference," Morgan Stanley MUFG economists Takeshi Yamaguchi and Masayuki Inui wrote in a report on Thursday

Yen firms after less dovish BOJ, dollar dips ahead of inflation data

The BOJ cut its core consumer inflation forecast but said risks were skewed to the upside for that year, causing the yen to rise, said Andrea Cicione, head of strategy at GlobalData.TSLombard

Yen struggles before BOJ decision; dollar steady ahead of US jobs report

The yen has fallen more than 6 per cent in October and is on track for what would be its biggest monthly loss against the greenback since November 2016

Rupee opens on flat note, rises 1 paisa to 84.07 against US dollar in trade

The rupee opened on a flat note and rose 1 paisa to 84.07 against the US dollar in initial deals on Thursday, as strong dollar and persistent foreign fund outflows dented investor sentiments. Forex traders said the rupee remained range bound as month-end demand kept the US dollar well-bid. Moreover, a muted trend in domestic equities weighed on the local unit, while any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels, they said. At the interbank foreign exchange, the rupee opened at 84.08 against the greenback, it rose 1 paisa to 84.07 in initial trade. On Wednesday, the rupee depreciated 3 paise to close at 84.08 against US dollar. The local currency has been hovering around its all-time low level. Rupee touched its lowest closing level of 84.10 against the dollar on October 11. The rupee has been trading below the 84-level for the majority of October, but the recent pressure is primarily due to domestic factors, notably month-end d

Rupee depreciates 2 paise to 84.07 against US dollar in early trade

The rupee opened on a flat note and depreciated 2 paise to 84.07 against the US dollar in initial deals on Wednesday, weighed down by persistent foreign fund outflows and muted domestic equities. Forex traders said the strength of the American currency in overseas markets dented investor sentiments, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels. At the interbank foreign exchange, the rupee opened at 84.06 against the greenback. In the initial trade, it touched 84.07, down 2 paise from its previous closing. On Tuesday, the rupee gained 2 paise to settle at 84.05 against the US dollar. The local currency has been hovering around its all-time low level. Rupee touched its lowest closing level of 84.10 against the dollar on October 11. According to traders, the rupee remains under intense pressure, mainly due to persistent foreign fund outflows. "The Indian rupee remains firmly range-bound, trading

Rupee opens on flat note at 84.08 against US dollar during early trade

The rupee opened on a flat note and depreciated 1 paisa to 84.08 against the US dollar in initial deals on Tuesday, as persistent foreign fund outflows and the strength of the American currency in the overseas market dented investor sentiments. Forex traders said a muted trend in domestic equities and strong dollar weighed on the local unit, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may also support the local currency at lower levels. At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. In the initial trade, it touched 84.07. On Monday, the rupee settled 1 paisa higher at 84.07 against the US dollar. The local currency touched its lowest closing level of 84.10 against the dollar on October 11. According to traders, the rupee remains under intense pressure, mainly due to persistent foreign fund outflows. "The Indian rupee remained in a range of 2 paise on Monday and is expected to remain in the same small r

Yen mired in political uncertainty, dollar awaits key data releases

Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major US data releases

Rupee turns flat at 84.07 against US dollar on foreign fund outflow

The rupee stayed in a straightjacket for yet another week, trading at its near all-time low of 84.07 against the US dollar on Friday amid firm American currency and unprecedented foreign fund outflow. Forex traders said, the indication of some recovery in domestic equity markets prevented the fall in the local unit. At the interbank foreign exchange, the local currency opened at 84.07 against the greenback, trading flat at previous day's closing level in initial deals. On Thursday, the rupee had settled flat at 84.07 against the US dollar. The local currency has been struggling to recover since October 11, when it closed at its lowest level of 84.10 against the dollar. Analysts said the selling rush by foreign investors in pursuit of better gains from the Chinese market has been preventing the rupee's recovery, while higher US treasury yields have triggered the fear of slower interest rate cut by the Federal Reserve. Also, uncertain geopolitical scenario ahead of the US president

Rupee turns flat at 84.07 against US dollar on foreign fund outflow

The rupee stayed flat at 84.07 against the US dollar in early trade on Thursday amid elevated crude oil prices and continuous withdrawal of foreign funds from capital market. However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said. At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and slipped 1 paisa to trade at previous day's closing level in initial deals. On Wednesday, the rupee had settled with a marginal gain of 1 paisa at 84.07 against the US dollar. The local currency has been struggling to recover since October 11, when it closed at its lowest level of 84.10 against the dollar. Analysts said the selling rush by foreign investors in pursuit of better gains from the Chinese market has been preventing rupee's recovery, while higher US treasury yields has triggered the fear of slower interest rate cut by the Federal Reserve. Amid uncerta

Rupee turns flat at 84.07 against US dollar on foreign fund outflow

The rupee stayed flat at 84.07 against the US dollar in early trade on Tuesday as positive sentiment in domestic equity markets was negated by the unabated outflow of foreign funds. The local unit resisted the fall on the back of the retreating dollar and a downward movement in the crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals. On Monday, the rupee settled flat at 84.07 against the US dollar, a tad higher from its all-time low of 84.10 recorded on October 11. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 103.79. Brent crude, the international benchmark, declined 0.22 per cent to USD 74.13 per barrel in futures trade. On the domestic equity market front, Sensex rose 180.46 points, or 0.22 per cent, to 81,331.73 points. The Nifty also advanced 61.25 points, or 0.25 per cent, to 24,842.35

Indian Rupee faces slow grind lower on oil and China rotation risks

Barclays Plc. points to record-high gold prices, a stronger dollar, and increased risk aversion as reasons why the central bank may allow the rupee to decline

Rupee gains 1 paisa to 84.06 against US dollar during early trade

The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the US dollar in early trade on Monday, tracking positive cues from domestic equity markets and a soft American currency. However, sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and stayed almost flat in early deals, trading 1 paisa higher from its previous close. On Friday, the rupee slipped 1 paisa to close at 84.07 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down by 0.05 per cent to 103.25. Brent crude, the international benchmark, advanced 0.33 per cent to USD 73.30 per barrel in futures trade. On the domestic equity market front, Sensex surged 457.90 points, or 0.56 per cent, to 81,682.65 points. The Nifty also climbed 97.70 points

Dollar rides 'Trump trade' towards 3rd weekly gain on rate cut expectations

Data Thursday showed US consumer spending beat expectations last month, which added to the belief among investors that US rates may not need to drop as quickly as many thought

Rupee near all-time low: 3 big reasons why rupee is falling?

Lately, the Indian rupee has been facing tough times. As of now, the Indian rupee is trading at around 84.07 to the US dollar. This is very close to its lowest point ever, which was 84.075.

Rupee pinned near all-time low of 84.07 as regional currencies decline

The rupee is down by about 0.3 per cent this month, but has fared better than its regional peers

Rupee drops to lifetime low of 84.07 on high dollar demand by foreign banks

The rupee has remained under pressure this month due to sustained outflows from local equities

Rupee weakens below 84 against US dollar amid FPI selloff, costlier oil

Took two years after hitting 83/$ due to timely intervention

Forex reserves breaks 7-week rising streak, stand at $701 bn as of Oct 4

In the period for which the forex reserves data pertains, the rupee had logged its worst week since May and had slipped 0.3% week-on-week

Rupee rises 1 paisa to 83.95 against US dollar during early trade

The rupee rose 1 paisa to 83.95 against the US dollar in early trade on Thursday amid a firm trend in domestic equity markets and a weaker greenback against major overseas rivals. However, an increase in global oil prices and heavy foreign fund outflows capped further recovery in the domestic currency, according to forex experts. At the interbank foreign exchange, the rupee opened at 83.95, marginally up by 1 paisa against the US dollar, and traded almost flat in early deals. The local unit had settled at 83.96 against the greenback on Wednesday. The Reserve Bank of India's (RBI) decision to keep policy rates unchanged also played a part in the rupee's range-bound movement. The RBI on Wednesday kept the policy rate unchanged for the tenth time in a row but shifted its stance from "withdrawal of accommodation" to "neutral" that may lead to a cut in the forthcoming policies. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was d