Page 58 - Us Dollar

Rupee likely to weaken after US Fed's Powell hints at higher peak rate

The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session.

Oil prices slip as dollar firms, but supply worries check losses

Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while US West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41

Dollar gains as traders gird for higher US Fed rates, focus on jobs data

The dollar hit a week-high of $0.9810 per euro in early Asia trade and is eying its best week in more than a month

India's decoupling from global capital market surprising: Mukul Kochhar

Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.

Rupee gains 10 paise to close at 82.71 against US dollar as it retreats

The rupee appreciated 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday, as the greenback retreated from its elevated levels. At the interbank foreign exchange market, the local currency opened at 82.74 and witnessed a high of 82.59 and a low of 82.79. It finally settled at 82.71 against the American currency, registering a rise of 10 paise over its previous close amid a positive trend in domestic equities. On Monday, the rupee had settled 34 paise lower at 82.81. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.49 per cent to 110.98. Global oil benchmark Brent crude futures rose 1.42 per cent to USD 94.13 per barrel. "Rupee consolidated in a narrow range ahead of the important events that are lined up," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. For the first time since the implementation of the monetary policy framework in 2016, the Reserve Bank will ..

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress

Dollar drops as optimism spreads before Fed and BoE decisions

The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth such increase in a row

RBI has been prudent in its exchange rate management: Deepak Parekh

Currency's depreciation not a reflection of the economy, says HDFC Ltd chairman

Rupee marks biggest monthly losing streak since 1985, braces for Fed move

Oil importers' dollar purchases, breach of technical levels drag rupee lower

A healthy debate: The case for and against interest rate hike

Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?

Gold prices set for seventh monthly fall as dollar and yields weigh

Spot gold eased 0.1% to $1,640.09 per ounce by 1211 GMT, shedding about 1% so far in the month. U.S. gold futures inched 0.1% lower to $1,643.40

Dollar up as data suggests Fed hawks will stay in control; yen fragile

The pound and the euro each declined about 0.1% against the dollar, which has recouped some of last week's losses, after having slid on hopes of a potential Fed change of tack.

Dollar strengthens as US Fed expected to stay hawkish; yen fragile

The dollar moved broadly higher in early Asia trade, and was up more than 0.2% against the New Zealand dollar and the pound

Strong dollar seen hurting US economic outlook, even tilting Fed path

Chair Jerome Powell and his colleagues are trying to cool the economy and ease price pressures by deliberately tightening US financial conditions

Foreign exchange reserves fall to $525 billion, lowest since July 2020

So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar

India's forex reserves touch $524.5 bn, lowest level since July 2020

The primary reason for the decline is foreign currency assets, which recorded a dip of $3.5 billion to $465 billion

Rupee gains 4 paise to 82.29 against US dollar tracking gains in equities

The rupee appreciated 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities. Fresh foreign capital infusion in capital markets also strengthened sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.39 against the dollar, then gained ground to quote at 82.29, registering a rise of 4 paise over its previous close. The domestic unit was moving in a tight range of 82.39-82.29 in early deals. In the previous session on Thursday, the rupee jumped 48 paise to close at 82.33 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.23 per cent to 110.35. In the domestic equity market, the 30-share BSE Sensex was trading 220.59 points or 0.37 per cent higher at 59,977.43. Similarly, the broader NSE Nifty rose 60.50 points or 0.34 per cent to 17,797.45. Foreign Institutional Investors

Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes

At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday

World shares turn up after better-than-expected US data; dollar recovers

Major U.S. stock indexes rose and European shares recovered losses on Thursday after strong US economic data, while the British pound eased off mid-September highs

Dollar slides on expectations of less hawkish Fed; euro at 1-month high

The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow rate hikes