Page 46 - Us Dollar

Rupee climbs to 81.96 against US dollar after gains in domestic equities

The rupee recovered 8 paise to 81.96 against the US dollar in the early trade on Tuesday after gains in domestic equities and a weak greenback in overseas markets. The domestic currency opened higher at 82.02 against the dollar at the interbank foreign exchange market. It moved in a tight range of 81.95 to 82.02 in the early trade. The rupee traded at 81.96 against the US dollar at 9.45 am, registering a gain of 8 paise over the previous close of 82.04. The dollar index, which gauges the greenback's strength against a basket of six currencies, traded lower by 0.07 per cent at 102.63. Crude oil price benchmark Brent crude was up 0.44 per cent at USD 74.51 per barrel. "... 81.75-55 level appears more possible now, and we will switch to upside view if above 82.1 only," Anand James, Chief Market Strategist at Geojit Financial Services, said. In the domestic equity market, the 30-share BSE Sensex rebounded 187.41 points or 0.30 per cent to 63,157.41 points while the broader Nifty adv

Rupee trades almost flat at 81.95 against US dollar in early trade

The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. The domestic currency opened lower by 4 paise at 82.00 against the dollar at the interbank foreign exchange market. The currency moved in a narrow range before trading at 81.95 against the greenback, appreciating just 1 paisa compared to the closing level of 81.96 on Friday. The dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.16 per cent to 102.73. Crude oil price benchmark Brent crude was up 0.19 per cent to USD 73.99 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 105.07 points or 0.17 per cent to 63,084.44 points and the broader Nifty gained 49.15 points to 18,714.65 points in early trade. Foreign Portfolio Investors (FPIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 344.81 crore, accord

India's forex reserves jump $2.35 billion to $596 billion, shows RBI data

The overall reserves had dropped by USD 1.318 billion to USD 593.749 billion in the previous reporting week

Rupee ends higher on dollar inflows; Fed's testimony to lawmakers in focus

Foreign investors have poured about $1.8 billion into Indian equities this month, having bought shares worth $5.1 billion in May

Dollar firm ahead of Powell testimony, sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

India's forex kitty declines by $1.32 bn to $593.75 bn, shows RBI data

The overall reserves had jumped by $5.93 billion to $595.067 billion for the previous reporting week

Dollar down on soft inflation data as traders price in Fed rate hike skip

The dollar index - which measures the performance of the U.S. currency against six others - dipped 0.2% to 103.14, after touching its lowest since May 22 overnight at 103.04

Rupee hits one-month high against dollar on corporate dollar inflows

Indian rupee hit a one-month high against the U.S. currency on Wednesday led by likely corporate dollar inflows, five traders said

Dollar falls before US inflation data, yuan weakens on repo rate cut

LONDON/SINGAPORE (Reuters) - The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China's yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy.

Rupee appreciates by 7 paise to 82.40 against US dollar in early trade

The rupee gained 7 paise to 82.40 against the US dollar in early trade on Monday amid easing crude oil prices and a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 82.45 against the dollar, then rose to 82.40, registering a gain of 7 paise over its previous close. On Friday, the rupee closed at 82.47 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 103.62. Brent crude futures, the global oil benchmark, declined 1.12 per cent to USD 73.95 per barrel. "A huge week is setting up on the macroeconomic front, with the Federal Reserve and the European Central Bank both scheduled to decide on interest rates and update on monetary policy amid persistent inflation," Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP, said. Bhansali further added that rupee will continue to trade in the small range as the Reserve Bank is protecti

Rupee set to touch 83-per US dollar mark if RBI remains on hold this week

Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May

Sri Lankan rupee shows appreciation against US Dollar in recent months

The LKR depreciated dramatically from 202 per dollar in March 2022 to around 360 after the government allowed it to float

Rupee falls 0.2% hits 13-week low, weighed down by strength in dollar

Indian rupee hit a 13-week low, weighed down by broad strength in the dollar, while markets looked for developments on the U.S. debt ceiling and trajectory of rate hikes in the world's largest economy

Wall Street gains, dollar climbs on solid data, debt ceiling progress

The three major U.S. stock indexes initially wavered but soon gathered strength, with tech shares putting the Nasdaq out front

Traders bet on rate cuts, dollar rises with US debt default risk in focus

SINGAPORE/LONDON (Reuters) - The dollar rose on Wednesday, benefiting from its status as a safe-haven amid the risk of a U.S. debt default and as traders trimmed bets on imminent Federal Reserve rate cuts following solid consumer spending data in the United States.

How US banks, Fed are prepping for default and the chaos which might follow

A severe and prolonged global economic recession would be all but guaranteed, and the reputation of the US and the dollar as beacons of stability and safety would be further tarnished

US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks

Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin

US dollar hits 300 rupees barrier amidst protests in cash-strapped Pakistan

For the first time in Pakistan's history, the US dollar on Thursday hit the 300 rupees barrier against the local currency in the interbank as well as the open market as the cash-strapped country faced political turmoil following the arrest of former prime minister Imran Khan. The Pakistani rupee has taken a big hit since Tuesday as violent protests broke out in different parts of the country following the arrest of Khan in a corruption case.

Sterling trims drop after BoE hike, China's data sends dollar higher

The BoE raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday as expected by a Reuters poll, taking borrowing costs to their highest since 2008

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade

The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened strong at 81.76 against the dollar and then rose to 81.70, registering a rise of 8 paise over its previous close. On Thursday, the rupee closed at 81.78 against the US currency. The forex market was shut on Friday on account of Buddha Purnima. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 101.14. Brent crude futures, the global oil benchmark, advanced 0.07 per cent to USD 75.35 per barrel. Rupee is likely to remain range bound as RBI intervened from both sides, Finrex Treasury Advisors LLP Head of Treasury Anil Kumar Bhansali said. "Forex reserves moved towards USD 589