Page 30 - Us Dollar

Rupee gains 7 paise to Rs 84.22 against US dollar on strong equity rally

Rupee appreciated 7 paise to 84.22 against the US dollar in morning trade on Tuesday, on a sharp rebound in domestic equities amid improved investor risk appetite. Forex traders said the MSCI equity index rebalancing significantly boosted sentiment for Indian equity markets as foreign institutional investors broke a 40-session streak of net selling by purchasing Rs 9,947 crores on Monday, lending robust support to the rupee. Moreover, the win by the incumbent government in Maharashtra, further fueled investor confidence in economic stability, sparking a rally in equity markets. At the interbank foreign exchange, the rupee opened at 84.27 and moved in a tight range and touched an early high of 84.22 against the greenback, registering a gain of 7 paise over its previous close. On Monday, the rupee appreciated 12 paise to close at 84.29 against US dollar. "While Donald Trump's aggressive trade policies loom large, the rupee's outlook remains cautiously optimistic. The Reserve Bank of

Rupee hits record low as US dollar climbs, portfolio outflows continue

Rupee weakened to 84.4975 per US dollar in early trading on Friday, eclipsing its previous all-time low of 84.4925 on Thursday

Rupee turns flat at 84.42 against US dollar amid volatile crude prices

The rupee turned flat at 84.42 against the US dollar in early trade on Thursday amid volatile crude oil prices and lackluster sentiment in the domestic equity markets. A weaker American currency supported the local unit, but it was weighed down by the relentless outflow of foreign funds, forex traders said. At the interbank foreign exchange, the rupee opened at 84.41 and slipped further to 84.42 against the greenback, trading at its previous closing level in early deals. On Tuesday, the rupee settled flat at 84.42 against the US dollar. The foreign exchange market was closed on Wednesday due to assembly elections in Maharashtra. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.11 per cent at 106.49. Brent crude, the global oil benchmark, rose by 0.22 per cent to USD 72.97 per barrel in futures trade. On the domestic equity market front, Sensex was trading 398.45points, or 0.51 per cent lower, at 77,179.9

Gold prices ease from one-week high as US dollar rebounds after 1-week low

Spot gold was down 0.2 per cent at $2,627.60 per ounce as of 1238 GMT, after hitting its highest level since Nov. 11 earlier in the session. US gold futures were steady at $2,631.30

Rupee rises 2 paise to 84.40 against US dollar during early trade

The rupee rose 2 paise to 84.40 against the US dollar in early trade on Tuesday amid a recovery in domestic equity markets and a weaker American currency against major Asian rivals. Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close. On Monday, the rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.09 per cent at 106.10. Brent crude, the global oil benchmark, rose by 0.19 per cent to USD 73.44 per barrel in futures trade. On the domestic equity market front, Sensex was trading 271.42 points, or 0.35 per cent higher, at 77,610.43 points

Asia stocks rise, dollar weak from multi-month highs as US yields tick down

Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves

Dollar gains strength, poised for biggest weekly gain as rate cut hopes dim

A key pillar of support for the dollar has been the expectation that higher inflation under Trump will mean the Federal Reserve has less room to cut interest rates

Forex reserves decline $6.47 bn in a week to $675.65 bn, shows data

India's forex reserves dropped by USD 6.477 billion to USD 675.653 billion for the week ended November 8, the RBI said on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. The kitty, which had hit an all-time high of USD 704.885 billion in end-September, has been declining for multiple weeks. For the week ended November 8, foreign currency assets, a major component of the reserves, decreased by USD 4.467 billion to USD 585.383 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 decreased by USD 1.936 billion to USD 67.814 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 60 million to USD 18.159 billion, the apex bank said. India's reserve position with the IMF was also down by USD

Rupee settles at new low of 84.41 as US dollar strengthens, FII outflows

The dollar index rose to 106.66 per cent on Thursday post the US CPI data. Dollar index measures the strength of the greenback against a basket of six major currencies

Oil prices flat after decline on strong dollar, slow demand concerns

Brent crude futures were down 3 cents to $72.25 a barrel at 0937 GMT. US West Texas Intermediate crude futures were down 7 cents to $68.36

Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood

There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities

Driven by 'Trump trade' Dollar scales 6-month peak ahead of inflation data

Dollar is reaping benefits of Donald Trump's victory in the US presidential election last week, which sent the US currency to its highest level since May 1 at 106.21 against a basket of currencies

Rupee falls to all-time low of 84.40 against US dollar in early trade

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the Reserve Bank of India (RBI) continues to se

Dollar roars with bitcoin as Trump trades shine; euro, yuan slump

The euro languished at a seven-month trough and the yuan slumped to its lowest in more than three months, with Europe and China both targets of potential Trump tariffs

Rupee falls 2 paise to all-time low of 84.40 against dollar in early trade

The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strength of the American currency in the overseas market dented investors' sentiments. Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside, aided by its robust foreign exchange reserves. At the interbank foreign exchange, the rupee opened at 84.39 against the greenback, then fell further to an all-time low of 84.40, registering a fall of 2 paise over its previous close. On Monday, the rupee dropped 1 paisa to hit a new lifetime low of 84.38 against the US dollar, registering the fourth straight session of loss. "The Reserve Bank of India plays a key role in stabilizing the rupee, curbing its depreciation. Despite the Emerging Market Currencies Index dropping 6.30 per cent from October 2, the rupee fell only 0.69 per cent, reflect

Rupee hits fresh low of 84.39 against the US dollar amid FII selloff

Avoids sharp depreciation on RBI's intervention

Rupee falls 1 paisa to all-time low of 84.38 against dollar in early trade

The rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows. At the interbank foreign exchange, the rupee opened at an all-time low of 84.38 against the greenback, registering a fall of 1 paisa over its previous close. On Friday, the rupee dropped 5 paise to hit a new lifetime low of 84.37 against the US dollar, registering a decline for the third straight session. Last week, the rupee came under pressure amid the US elections and sustained foreign fund outflows. Following nearly USD 12 billion in equity sell-offs in October, foreign funds have continued their retreat in November, with outflows of around USD 1.6 billion recorded in just the first 10 days. This trend reflects the overvaluation of Indian .

Dollar on track for weekly gain after Trump presidential election victory

Analysts expect Trump's policy proposals -- including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation -- to boost growth and inflation

Dollar surges, set for biggest one-day rise since March 2023 against peers

Bitcoin climbed as much as 8.6% to reach a record $75,389. It was last up around 6% at $73,756. Trump is seen as more actively supportive of cryptocurrencies than Harris

Rupee falls 21 paise, slides to all-time low of 84.30 against US dollar

The rupee depreciated 21 paise to an all-time low of 84.30 (provisional) against the US dollar on Wednesday, as the US Dollar index rallied with Donald Trump set to win the US Presidential elections. A strong greenback against major rivals overseas and unabated foreign fund outflows dented market sentiment, forex traders said. Market participants also expect the US Fed to announce a rate cut in a meeting scheduled later this week, with further easing by up to 100 basis points projected for 2025. At the interbank foreign exchange, the rupee opened at 84.23 against the US dollar. During the session, the local currency oscillated between a high of 84.15 and a low of 84.31. It finally settled at 84.30 (provisional), a loss of 21 paise against its previous close. On Tuesday, the rupee settled 2 paise higher at 84.09 against the US dollar. "We expect the rupee to trade with a negative bias on strength in the US Dollar and FII outflows. However, a rise in risk appetite in global markets