Page 49 - Us Dollar

Federal Reserve Chair Jerome Powell pushes dollar to three-month high

The rising greenback broke above its 200-day moving average against the yen for the first time this year in Asia trade, hitting its highest since mid-December at 137.49 yen

Rupee appreciates 24 paise to 81.73 against US dollar in early trade

The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.85 against the dollar, then climbed to 81.73, registering a rise of 24 paise over its previous close. On Friday, the rupee closed at 81.97 against the US currency. The forex traders said the rupee is likely to trade with a positive bias on improved global risk sentiments and fresh foreign fund inflows. Moreover, weak crude oil prices and muted dollar index may also support the domestic currency, they added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 104.43. Brent crude futures, the global oil benchmark, declined 0.70 per cent to USD 85.23 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 564.81 points or 0.94 per cent

Rupee poised to extend rally on soft dollar index, positive risk mood

The non-deliverable forwards indicate the rupee will open at around 81.85 to the dollar compared with 81.9650 in the previous session

Dollar subdued as traders eye Powell's testimony, February jobs report

The dollar index, which measures the U.S. currency against six major peers, was down 0.057% at 104.560, but not far off a seven-week high of 105.36 it touched last week

Rupee rises 36 paise to 82.24 against US dollar on foreign fund inflows

The rupee gained 36 paise to 82.24 against the US dollar in early trade on Friday as fresh foreign fund inflows and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.28 against the dollar, then gained ground and rose to 82.24, registering a rise of 36 paise over its previous close. On Thursday, the rupee closed at 82.60 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 104.88. Brent crude futures, the global oil benchmark, declined 0.39 per cent to USD 84.42 per barrel. "The Indian rupee had the best week after more than one month, helped by the renewed risk-on sentiment in global markets. The rupee seems to be gaining in the NDF market suggesting offshore players did a long unwinding of the USD position," CR Forex Advisors MD Amit Pabari said. Also, inflows of over Rs 12,000 crore on the back o

Rupee falls 11 paise to 82.60 against US dollar, oil advances 0.04%

The rupee depreciated 11 paise to 82.60 against the US dollar in early trade on Thursday, weighed down by strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At the interbank foreign exchange, the domestic unit opened weak at 82.57 against the dollar, then fell to 82.60, registering a decline of 11 paise over its last close. On Wednesday, the rupee settled at 82.49 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 11 per cent to 104.59. Brent crude futures, the global oil benchmark, advanced 0.04 per cent to USD 83.34 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 303.83 points or 0.51 per cent lower at 59,107.25. The broader NSE Nifty declined 80.70 points or 0.46 per cent to 17,370.20. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday

Rupee appreciates 22 paise to 82.36 against US dollar in early trade

The rupee gained 22 paise to 82.36 against the US dollar in early trade on Wednesday amid a positive trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.48 against the dollar, then gained ground and rose to 82.36, registering a rise of 22 paise over its previous close. On Tuesday, the rupee closed at 82.58 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 104.84. Brent crude futures, the global oil benchmark, advanced 1.75 per cent to USD 83.89 per barrel. In the domestic equity market, the 30-share BSE Sensex rose 202.36 points or 0.34 per cent to 59,164.48 points. The broader NSE Nifty advanced 60.80 points or 0.35 per cent to 17,364.75 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market on

Rupee depreciates by 10 paise to close at 82.85 against US dollar

The rupee depreciated by 10 paise to close at 82.85 (provisional) against the US currency on Monday as a stronger dollar in the overseas market and a muted trend in domestic equities weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at 82.87 against the greenback and closed at 82.85 (provisional), registering a fall of 10 paise over its previous close of 82.75. During the session, the domestic unit witnessed an intra-day high of 82.82 and a low of 82.94 against the American dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower at 105.15. Global oil benchmark Brent crude futures advanced 0.46 per cent to USD 83.54 per barrel. The Indian rupee depreciated on weak domestic markets and a strong greenback. Surge in crude oil prices and FII outflows also weighed on rupee, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Dollar strengthened on

Rupee falls 19 paise to 82.94 against US dollar on muted domestic equities

The rupee depreciated 19 paise to 82.94 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.87 against the dollar, then fell further to 82.94, registering a decline of 19 paise over its last close. In the previous session on Friday, the rupee settled at 82.75 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 105.25. Forex traders said the Indian rupee depreciated on weak domestic markets and a positive greenback. Rebound in crude oil prices also weighed on the rupee. Meanwhile, Brent crude futures, the global oil benchmark, declined 0.38 per cent to USD 82.84 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 159.67 points or 0.27 per cent lower at 59,300.22. The broader NSE Nifty declined 46.90 points or 0.27 per cent to

India's foreign exchange reserves at 11-week low, down for third week

In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17

US dollar surges to seven-week highs after strong inflation data

Dollar climbed to seven-week peaks on Friday, after data showed US inflation accelerated while consumer spending rebounded last month

Rupee depreciates 9 paise to 82.73 against US dollar in early trade

The rupee depreciated 9 paise to 82.73 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At the interbank foreign exchange, the domestic unit opened weak at 82.67 against the dollar, then fell to 82.73, registering a decline of 9 paise over its last close. On Thursday, the rupee settled at 82.64 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 104.55. Brent crude futures, the global oil benchmark, advanced 0.81 per cent to USD 82.88 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 83.96 points or 0.14 per cent higher at 59,689.76 points. The broader NSE Nifty advanced 19.25 points or 0.11 per cent to 17,530.50 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market

Rupee gains 11 paise to 82.77 against US dollar in Thursday's early trade

The rupee gained 11 paise to 82.77 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 82.78 against the dollar and marginally rose to 82.77, registering a rise of 11 paise over its previous close. On Wednesday, the rupee closed at 82.88 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.34. Brent crude futures, the global oil benchmark, advanced 0.48 per cent to USD 80.99 per barrel. "US Federal Reserve officials in their most recent Federal Open Market Committee (FOMC) meeting on February 1 indicated that there are signs inflation is coming down but not enough to counter the need for more interest rate hikes," Mitul Shah, Head of Research Institutional Desk at Reliance Securities, said. In the domestic equity market, the 30-share BSE Sensex fell 166.23 poin

Rupee falls 4 paise to 82.83 against US dollar on muted domestic equities

The rupee depreciated 4 paise to 82.83 against the US dollar in early trade on Wednesday, weighed down by a muted trend in domestic equities. However, fresh foreign fund inflows and a weak American currency against major rivals overseas capped the losses in the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened flat at 82.79 against the dollar. Later, it lost some ground to quote at 82.83, registering a decline of 4 paise over its last close. In the previous session on Tuesday, the rupee settled at 82.79 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 104.01. Brent crude futures, the global oil benchmark, rose slightly by 0.06 per cent to USD 83.10 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 279.41 points or 0.46 per cent lower at 60,393.31. The broader NSE Nifty fell 86.55 points or 0.49 per cent to ...

Rupee's expected volatility against dollar hits 7-month low, at 4.50/4.80%

Indian rupee's expected volatility against the dollar over the next one month hit its lowest level in almost seven months on Tuesday

Dollar buoyant in early trade as robust US data keep Fed hawks in control

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

Flows into NRI deposits up 76% to $5.4 billion in April-December

Outstanding amounts stable in December compared to November

RBI likely sold dollars in NDF market to keep rupee stronger: Bankers

Two of the bankers said that the RBI had been selling dollars in the NDF market prior to the opening of the onshore over-the-counter markets

Rupee depreciates 8 paise to 82.78 against US dollar in early trade

The rupee depreciated 8 paise to 82.78 against the US dollar in early trade on Friday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.77 against the dollar, then fell further to 82.78, registering a decline of 8 paise over its last close. In the previous session on Thursday, the rupee settled at 82.70 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.40 per cent to 104.27. "The dollar index rose beyond 104 levels as the US Producer Price Index (PPI) came higher than expected taking US 10-year yields to 3.89 per cent," said Anil Kumar Bhansali, Head of Treasury Finrex Treasury Advisors LLP. According to him, the chances of the rupee breaking the 83 level is high if the dollar index rises further. Meanwhile, Brent crude futures, the global oil benchmark, declined 0.79 per cent to USD 84.47 per barrel. In th

Dollar jumps to six-week high in early trade on higher rate expectations

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday