Page 50 - Us Dollar

Dollar hits 6-wk high vs yen, rallies from 2-week low after inflation data

The dollar index, which measures the greenback against a basket of major currencies, was last flat at 103.22. It dropped as low as 102.50, its weakest level since Feb 3

Rupee falls 15 paise to close at 82.73 vs US dollar on muted domestic trend

The rupee fell by 15 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on a weak tone in Asian markets and a strong dollar. Traders also pared their positions ahead of CPI data which is expected a tad higher from the previous month's reading. However, a weak start to crude oil on Monday cushioned the downside. "We expect the rupee to trade with a negative bias amid risk aversion in global

Rupee depreciates 17 paise to 82.75 against US dollar in early trade

The rupee depreciated 17 paise to 82.75 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.68 against the dollar, then fell to 82.75, registering a decline of 17 paise over its last close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.78. Brent crude futures, the global oil benchmark, declined 0.83 per cent to USD 85.67 per barrel. Forex traders said the rupee is likely to trade with a slight negative bias amid risk aversion in global markets. Moreover, a sharp pullback in crude oil prices and strong dollar on hawkish tone of Fed may also put pressure on the rupee. In the domestic equity mar

India's forex drops by $1.494 bn to reach $575.267 bn as of Feb 3: RBI data

India's foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday. In the previous reporting week, the overall reserves had jumped by USD 3.03 billion to USD 576.76 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. For the week ended February 3, the foreign currency assets, a major component of the reserves, decreased by USD 1.323 billion to USD 507.695 billion, according to the Weekly Statistical Supplement released by the RBI. 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. After rising for multiple weeks, gold reserves decreased by USD 246 ..

Rupee falls 12 paise to 82.63 against US dollar on strong greenback

The rupee depreciated 12 paise to 82.63 against the US dollar in early trade on Friday as a lacklustre trend in domestic equities and a strong greenback in the overseas markets dented investor sentiments. Besides, sustained foreign fund outflows and elevated crude oil prices in the international market weighed on the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.61 against the dollar, then fell further in early deals to 82.63, registering a decline of 12 paise over its last close. On Thursday, the rupee appreciated 3 paise to close at 82.51 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.38. Brent crude futures, the global oil benchmark, declined 0.19 per cent to USD 84.34 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 183.51 points or 0.30 per cent lower at 60,622.71 points. The broader

After initial losses, rupee settles flat at 82.54 against US dollar

The rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and touched a low of 82.66 and a high of 82.48 intra-day. It finally settled at 82.54 against the greenback, unchanged from its previous close. In the previous session on Wednesday, the rupee had appreciated 16 paise after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.36 per cent to 103.03. Global oil benchmark Brent crude futures advanced 0.19 per cent to USD 85.25 per barrel. "The Indian rupee depreciated against the US dollar amid fund outflows and risk-averse sentiments. However, the loss was limited following the state-run banks' dollar supply following inflows from the issuance of green .

Dollar flat after Fed official comments; focus on CPI data next week

The dollar index, which measures the US currency against six rivals, was 0.029% higher on Thursday at 103.460, having dropped nearly 0.3% in the previous session

Rupee appreciates 19 paise to end at 82.51 against US dollar

The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. However, surging crude prices in the international market and persistent foreign fund outflows restricted the appreciation bias in the local unit, they added. At the interbank foreign exchange market, the local unit opened strong at 82.67 and touched an intra-day high of 82.47 and a low of 82.72 against the greenback. It finally settled at 82.51, up 19 paise over its previous close of 82.70. The Reserve Bank of India slowed the pace of interest rate increases for the second straight time when it on Wednesday expectedly increased borrowing cost by 25 basis points but hinted more to come as core inflation remained high. The central bank projected India's economic gr

Rupee appreciated 4 paise to 82.66 against US dollar in early trade

The rupee appreciated 4 paise to 82.66 against the US dollar in early trade on Wednesday, supported by a firm trend in domestic equities ahead of the Reserve Bank of India's monetary policy decision. However, investors remained concerned over rising crude prices in the overseas markets and persistent foreign capital outflows, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.67 against the dollar, then inched higher to 82.66, a rise of 4 paise over its last close. In early deals, it was moving in a close range of 82.66-82.67. On Tuesday, the rupee rose 6 paise to close at 82.70 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.10 per cent to 103.33. Brent crude futures, the global oil benchmark, advanced 0.18 per cent to USD 83.84 per barrel. The Reserve Bank of India's monetary policy decision on Wednesday will be closely watched by investors for furt

Dollar pulls back as Jerome Powell sticks to usual US Fed playbook

owell acknowledged that interest rates might need to move higher than expected if economic conditions remained strong but reiterated that he felt a process of disinflation was underway

Rupee gains 10 paise to 82.66 against US dollar on weaker greenback

The rupee appreciated 10 paise to 82.66 against the US dollar in early trade on Tuesday on the back of a positive trend in domestic equities and relatively weaker greenback. However, foreign capital outflows restricted the gain in the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.68 against the dollar, then gained further ground to 82.66, a rise of 10 paise over its last close. In early deals, it was moving in a tight range of 82.69-82.65. On Monday, the rupee fell 68 paise to close at a one-month low of 82.76 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.15 per cent to 103.46. Brent crude futures, the global oil benchmark, advanced 0.98 per cent to USD 81.78 per barrel. This week, the key trigger for the markets is likely to be the decision of the RBI's Monetary Policy Committee on interest rate that will be announced on ...

Rupee set for muted open; US yields soar, 82.90 per dollar level in focus

The non-deliverable forward suggests that the rupee will open at around 82.68-82.74, compared with 82.7250 in the previous session

Rupee falls 42 paise to 82.50 to the dollar on back of domestic equities

The rupee depreciated 42 paise to 82.50 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.35 against the dollar, then fell to 82.50, registering a decline of 42 paise over its last close. In the previous session on Friday, the rupee settled at 82.08 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.17 per cent to 103.09. Brent crude futures, the global oil benchmark, advanced 0.25 per cent to USD 80.14 per barrel. The rupee started this Monday on a weaker note against the dollar after a better-than-expected US jobs report prompted investors to bet on more Federal Reserve rate increases, said Sriram Iyer, Senior Research Analyst at Relian

Dollar on the front foot after robust jobs data, yen falters to 3-week low

The yen weakened to a three-week low of 132.60 per dollar after the report, and was last fetching 132.35, down 0.88%

Rupee gains 12 paise to 82.08 against US dollar on easing crude oil prices

The rupee gained 12 paise to 82.08 against the US dollar in early trade on Friday supported by easing crude oil prices and a positive trend in domestic equities. Forex traders said significant foreign fund outflows and dollar demand from importers may weigh on the local unit and restrict the appreciating bias. At the interbank foreign exchange, the domestic unit opened at 82.15 against the dollar, then gained ground and touched 82.08, registering a rise of 12 paise over its previous close. In initial trade, the rupee also touched a low of 82.22 against American currency. On Thursday, the rupee fell 40 paise to close below the 82 per US dollar mark. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 101.84. Brent crude futures, the global oil benchmark, declined 0.10 per cent to USD 82.09 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 348.05 points or 0.58 per cent higher at

Rupee poised for muted opening on dollar recovery, equity outflows

The non-deliverable forwards indicated an opening of around 82.12-82.20 for the rupee versus the dollar compared with 82.1725 in the previous session

FPI outflows, Adani group's FPO cancellation sour mood for rupee

The domestic currency closed at 82.18 per US dollar as against 81.93 per dollar on Wednesday

Rupee falls by 2 paise to close at 81.90 against US dollar on Budget day

The rupee pared initial gains and settled 2 paise lower at 81.90 (provisional) against the US dollar on Wednesday after Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24. Forex traders said investors stayed on the sidelines, as they are waiting for the outcome of the US Federal Reserve meeting later in the evening. At the interbank foreign exchange market, the rupee opened at 81.76 against the greenback and finally settled at 81.90, down 2 paise over its previous close. During the session, the rupee touched an intraday high of 81.68 and a low of 82.03 against the American currency. On Tuesday, the rupee depreciated by 36 paise to close at a three-week low of 81.88 against the US dollar after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of the current account deficit. Sitharaman in her Budget speech retained the country's fiscal deficit target of 6.4 pc in the Revise

Rupee poised to inch up on fall in US yields; budget, Fed outcome eyed

The rupee is expected at around 81.75-81.80 per U.S. dollar at open, compared with 81.92 in the previous session

Oil prices rise as US recession fears over rate hikes ease, dollar weakens

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies