Page 47 - Us Dollar

Freezing of Russian Cen bank assets a turning point for dollar's dominance

In the late 1970s, 85 per cent of world foreign exchange reserves was denominated in dollars

Rupee appreciates by 10 paise to 81.72 against US dollar in early trade

The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak American currency and a firm trend in domestic equities. Forex traders said significant foreign fund inflows and crude oil prices below USD 80 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.75 against the dollar and then climbed to 81.72, registering a rise of 10 paise over its previous close. On Friday, the rupee closed at 81.82 against the US currency. Forex and equity markets were closed on Monday on account of 'Maharashtra Day'. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 102.03. Brent crude futures, the global oil benchmark, advanced 0.15 per cent to USD 79.43 per barrel. Forex traders said investors are waiting for cues from the paramount US FOMC meeting beginning later in the day. Market now awaits the Federal Open Market Committee (FOMC

Rupee rises 1 paisa to 82 against US dollar in Tuesday's early trade

The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities. Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar. It went as high as 81.96 and touched the lowest level of 82.02. Later, the rupee was trading at 82, registering a gain of 1 paisa over its previous close. On Monday, the rupee settled at 82.01 against the dollar. According to Anand James, Chief Market Strategist at Geojit Financial Services, the Indian currency may see a see-saw movement until it reaches the 81.76 level, indicating an upswing. "As long as dips do not extend past 81.80, expect upswings. It would however require consistent trades above 81.97 to confirm upside intention and set trajectory towards 82.07 first and then 82.4. "Alternatively, inab

Rupee appreciates 18 paise to 81.93 against US dollar in early trade

The rupee gained 18 paise to 81.93 against the US dollar in early trade on Thursday tracking the broad weakness of the American currency in the overseas market. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar, then climbed to 81.93, registering a rise of 18 paise over its previous close. On Wednesday, the rupee closed at 82.11 against the US currency. "Overall USDINR has strong support around 81.75-80 levels, as the RBI is intervening to protect from steep appreciation. Adding to it, the ongoing geopolitical concerns and Fed's hiking process are likely to weigh on investor sentiment and the USDINR could bounce back to 82.50-82.80 levels," CR Forex Advisors MD-Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 101.55. Brent crude futures, the global oil benchmark, declined 0.22 per

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session

Dollar dips ahead of key US inflation data, possible Fed rate hikes

The US dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes

Rupee seen flat at 82 for $1; US yields, importers hedging in focus

The Indian rupee is likely to open little changed to the U.S. currency on Tuesday, with traders assessing the outlook for U.S. yields and keeping a watch on importers' demand for the greenback

Rupee appreciates 24 paise to 81.78 against US dollar in early trade

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then climbed to 81.78, registering a rise of 24 paise over its previous close. On Thursday, the rupee closed at 82.02 against the US currency. On April 7, equity and forex markets were closed on account of Good Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 102.20. Brent crude futures, the global oil benchmark, declined 0.22 per cent to USD 84.93 per barrel. On the domestic side, the rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting. "The pause in the rate hike could further squeeze down the interest rate differential between the US and India and could put pressure on the rupee. Moreover, the market will .

A $1.5 trillion wall of debt is looming for US commercial properties

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

Rupee to cling to 82 against US Dollar ahead of RBI rate decision

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

Rupee appreciates by 24 paise to 82.08 against US dollar in early trade

The rupee appreciated by 24 paise to 82.08 against the US currency in early trade on Wednesday due to a weak dollar in overseas markets and forex inflows. At the interbank foreign exchange market, the rupee opened higher at 82.08 against the US dollar and moved in a narrow range of 82.04 to 82.10 later in early deals. The local unit was trading at 82.08 to a dollar at 9.35 AM. It had closed at 82.32 on Monday. Forex markets were closed on Tuesday for Mahavir Jayanti. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.03 per cent to 101.56 after a weak set of economic data bolstered expectations of the end of US Fed rate hike cycle. Oil prices also moved in a narrow range in early Asian trade on Wednesday as weak US economic data weighed on the demand scenario despite a surprise production announced by oil cartel OPEC and its allies. Back home, investors are likely to remain cautious ahead of RBI's monetary policy decis

Pakistan rupee falls all-time low, struggles to unlock IMF funding

The Pakistani rupee sank to Rs 287.29 against the US dollar, a record low on Tuesday as the cash-starved country struggles to unlock critical International Monetary Fund (IMF) funding while dwindling foreign exchange reserves become another source of concern for investors, a media report said. The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or Rs 2.25, down from Monday's close of 285.04, Geo News reported. Last month, the rupee hit a record low, closing at Rs 285.09 per US dollar on March 2, the data released by the State Bank of Pakistan (SBP) showed. According to financial experts, Financial importers have resumed the panic buying of US dollars, while the supply of foreign currency remained low in the interbank market. Pakistan's loan programme is yet to materialise months after it raised taxes and energy prices and allowed the currency to depreciate to meet IMF's conditions. The nation has missed multiple deadlines to resume its ...

REC opens bids for dollar-denominated bonds with initial price guidance

The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said

Rupee depreciates by 25 paise to 82.46 against US dollar in early trade

The rupee depreciated 25 paise to 82.46 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close. On Friday, the rupee settled at 82.21 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48 per cent to 102.99. Brent crude futures, the global oil benchmark, advanced 5.50 per cent to USD 84.28 per barrel. "... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said. "With a holiday shortened week, highlights would be the RBI policy due on April 6 and US payrolls due on April 7," Pabari added. The Monetary Policy Commit

Rupee appreciates by 24 paise to 82.10 against US dollar on FII flows

The rupee appreciated by 24 paise to 82.10 in early trade on Friday following foreign fund inflows and a fall in crude oil prices. Gains in the local stock market and weakness in the US dollar in early Asian trade also boosted the rupee sentiment. At the interbank foreign exchange market, the rupee opened higher at 82.12 and stayed in the green in early trade. It moved in a range of 82.16 to 82.10 in early deals. The rupee had closed lower by 18 paise at 82.34 to a dollar on Wednesday. The forex market was closed on Thursday for Ram Navami. FIIs have turned net buyers in Indian markets following the ebbing of the banking contagion fears. The fact that there have been no further bank failures or major stress in the system has boosted FII flows, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said. The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded from early lows to trade 0.05 per cent higher at 102.20. It

Era of low interest, easy credit over, inflation pronounced in India: S&P

The era of low interest rates and easy credit is over in the Asia Pacific region. Amid greater market volatility and slower Asia-Pacific economies, funding access could tighten sharply, said S&P Global Ratings in a report.

Rupee depreciates by 10 paise to 82.26 against US dollar in early trade

The rupee declined by 10 paise to 82.26 against the US dollar in opening trade on Wednesday due to firm crude oil prices and a stronger greenback in overseas markets. Early gains in domestic stock markets however restricted the rupee losses against the dollar. At the interbank foreign exchange market, the rupee opened lower at 82.26 against the previous close of 82.16. The dollar index, which gauges the greenback's strength against a basket of six currencies, rebounded by 0.15 per cent to 102.58 in early Asian trade. Global oil benchmark Brent crude futures firmed up by 0.19 per cent to USD 78.80 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose by 123.64 points or 0.21 per cent to 57,737.36 while NSE Nifty gained 53.70 points or 0.32 per cent to 17,005.40 in early trade. Foreign Institutional Investors (FIIs) turned net buyers in the capital market on Tuesday as they bought shares worth Rs 1,531.13 crore, according to exchange data.

Fiscal year change-led carry boosts Indian rupee; importers cap upside

The rupee was at 82.1825 to the dollar by 11.14 a.m. IST compared with 82.37 in the previous session

Rupee appreciates 9 paise to 82.31 against US dollar in early trade

The rupee gained 9 paise to 82.31 against the US dollar in early trade on Monday amid a weak dollar and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed to 82.31, registering a rise of 9 paise over its previous close. On Friday, the rupee closed at 82.40 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 103. Brent crude futures, the global oil benchmark, advanced 0.04 per cent to USD 75.02 per barrel. In the domestic equity market, the 30-share BSE Sensex advanced 220.99 points or 0.38 per cent to 57,748.09 points. The broader NSE Nifty gained 76.10 points or 0.45 per cent to 17,021.15 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 1,720.44 crore, according to exchange data. Meanwhile, India's forex kitty ros