Page 55 - Us Dollar

Rupee, bonds take a sharp knock as Fed maintains aggressive stance

The domestic currency has depreciated over 10% against the greenback so far this year

Rupee depreciates 15 paise to 82.64 against US dollar in early trade

The rupee depreciated 15 paise to 82.64 against the US dollar in early trade on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance dented investor sentiments. A strong dollar against key rivals overseas and losses in the domestic equity markets sapped risk appetite, forex dealers said. At the interbank foreign exchange, the domestic unit opened sharply lower at 82.63 against the dollar, then slipped further to 82.64, a decline of 15 paise over its previous close. In the previous session on Wednesday, the rupee settled 11 paise higher at 82.49 against the US dollar. The US Fed on Wednesday increased interest rates by 50 basis points on expected lines and signalled more hikes ahead to fight inflation. The US central bank raised the interest rate to 4.25-4.50 per cent to the highest level in 15 years. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 103.85. Brent crude futures,

Bonds and rupee gain; US inflation spurs hopes of dovish Fed move

Markets feel that US central bank's aggressive rate hike cycle may be nearing an end

Dollar wallows at six-month lows ahead of last Fed meeting of 2022

After raising interest rates by 75 basis points at four successive meetings, the US central bank is widely expected to deliver a 50 bp increase later in the day

Rupee falls 4 paise to 82.64 against US dollar ahead of Fed meeting

The rupee depreciated 4 paise to 82.64 against the US dollar in early trade on Wednesday as a strengthening greenback overseas and risk-off sentiment among investors ahead of the US Fed's interest rate decision weighed on the local unit. However, a firm trend in domestic equities supported the domestic currency, forex dealers said. At the interbank foreign exchange, the domestic unit opened flat at 82.60 against the dollar, then lost some ground to quote at 82.64, registering a decline of 4 paise over its previous close. In early deals, the rupee was moving in a tight range of 82.60-82.65. In previous session on Tuesday, the rupee settled 9 paise lower at 82.60 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.11 per cent to 104.09. Brent crude futures, the global oil benchmark, fell 0.33 per cent to USD 80.41 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 238.7

Rupee records 6.9% depreciation against US dollar in current financial year

The Indian rupee has witnessed a depreciation of 6.9 per cent in the current financial year till November 30, the Parliament was told on Tuesday

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters

The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback

At $2.2 billion, M&A deal value falls by 37%, volume by 40% in November

November turned out to be the worst month for the deal street with 119 merger and acquisition transactions worth USD 2.2 billion, a fall of 40 per cent in volume and 37 per cent in value annually, a report said on Monday. This is in spite of the month seeing the highest number of IPOs (initial public offerings) in the year, and the fourth highest in the past 11 years, according to the data collated by Grant Thornton. With 21 per cent of M&A (Merger and Acquisitions) volumes, the startup sector continued to dominate the M&A deal activity, said the report, while PE (private equity) activity saw USD 1.4 billion worth of investments made across 100 deals (second-lowest monthly volumes), down 55 per cent in volume and 32 per cent in value. With just USD 2.2 billion across 119 deals, November was the worst month so far this year. This is a 40 per cent plunge in volume and a 37 per cent in value over November 2021. However, the month also saw the highest number of IPOs in the year, ..

Rupee falls 35 paise against US dollar amid heavy selling in equities

The rupee declined 35 paise to 82.63 against the US dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.54 against the dollar, then lost further ground to quote at 82.63, registering a fall of 35 paise over its previous close. On Friday, the rupee settled 10 paise higher at 82.28 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.35 per cent to 105.16. Brent crude futures, the global oil benchmark, advanced 0.66 per cent to USD 76.60 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 486.34 points or 0.78 per cent lower at 61,695.33. The broader NSE Nifty fell 138.

Forex reserves at a three-month high; $11 billion added in a week

Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases

Rupee gains 10 paise to close at 82.28 against US dollar as it weakens

The rupee appreciated by 10 paise to close at 82.28 (provisional) against the US dollar on Friday, tracking the weakening of the American currency in the overseas market. Forex traders said muted domestic equities and foreign fund outflows weighed on investor sentiments and restricted the gains. At the interbank foreign exchange market, the local unit opened at 82.30 and touched an intra-day high of 82.08 and a low of 82.33 against the greenback. It finally settled at 82.28, registering a rise of 10 paise over its previous close of 82.38. Forex traders said investors awaited the outcome of a slew of central bank meetings next week for additional clues on the pace of rate hikes. "Focus will now be shifting to the FOMC policy statement. The central bank could raise rates by 50 bps and maintain a less hawkish stance," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. "We expect the USD-INR (Spot) to trade sideways and quote in the range of 82.20 and ..

Rupee appreciates 19 paise to 82.19 against US dollar in early trade

The rupee appreciated 19 paise to 82.19 against the US dollar in early trade on Friday on broad dollar weakness and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.30 against the dollar, then gained further ground to touch 82.19, registering a rise of 19 paise over its previous close. On Thursday, the rupee settled 9 paise higher at 82.38 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.53. "With China relaxing its COVID restrictions such as mass testing, lockdowns and quarantine requirements, it is widely feared that cases and deaths would shoot up, causing further widespread economic disruptions. This is something we need to keep a close eye on," IFA Global Research Academy said in a research note. Brent cr

US dollar struggles as recession worries simmer, bets on slower rate hike

The yuan hovered near an almost three-month high after China revealed a loosening of stifling COVID restrictions

US dollar edges up as darkening growth, recession outlook hurts sentiment

The greenback rose 0.16% overnight against the Japanese yen, but erased some of those gains in early Asia trade and fell 0.04% to 136.97 yen

Rupee at over 1-month low on renewed Federal Reserve rate hike fears

Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD

Dollar holds firm on account of upbeat US data, RBA rate rise lifts Aussie

The U.S. dollar index, which measures the currency against six major peers, was at 105.24, steady after Monday's 0.7% rally, its biggest since Nov. 21

Investors look to emerging markets as US dollar tumbles: Analysis

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback

Rupee falls 24 paise to 82.09 against dollar in line with domestic equities

The rupee declined 24 paise to 82.09 against the US dollar in early trade on Tuesday as heavy selling pressure in domestic equities and rising crude prices overseas weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic unit opened weak at 81.94 against the dollar, then slipped further to 82.09, registering a fall of 24 paise over its previous close. In the previous session on Monday, the rupee had settled down by 52 paise at 81.85 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 105.22. Brent crude futures, the global oil benchmark, advanced 0.94 per cent to USD 83.46 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 353.44 points or 0.56 per cent lower at 62,481.16. The broader NSE Nifty fell 99.30 points or 0.53 per cent to 18,601.75. Foreign ..

Gold regains some ground as US dollar dips; spot silver climbs 1.2%

Spot gold was up 0.4 per cent at $1,775.69 per ounce

Rupee skids 48 paise as corporates, oil firms rush to buy dollars

Domestic unit has shed over 9% versus the greenback so far in 2022; latest weakness came despite softer dollar index and strength in Asian currencies, led by a firm Chinese yuan