Page 61 - Us Dollar

RBI received good response from countries for rupee trade: T Rabi Sankar

Internationalisation of rupee reduces need for FX reserves

Rupee falls 9 paise to close at 82.88 against dollar amid strong greenback

The rupee slipped 9 paise to close at 82.88 against the US dollar on Friday amid a strong greenback overseas. At the interbank foreign exchange market, the local currency opened at 82.89 and witnessed a high of 82.59 and a low of 82.91. It finally settled at 82.88 against the American currency, registering a drop of 9 paise over its previous close. On Thursday, the rupee had rebounded from its lifetime low to close 21 paise higher at 82.79. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.47 per cent to 113.41. Global oil benchmark Brent crude futures fell 0.11 per cent to USD 92.28 per barrel. On the domestic equity market front, the 30-share BSE Sensex rose 104.25 points or 0.18 per cent to end at 59,307.15, while the broader NSE Nifty advanced 12.35 points or 0.07 per cent to 17,576.30. Foreign Institutional Investors (FIIs) were net buyers in the capital markets as they purchased shares worth Rs 1,864.79 crore

Yen slides further to 151 per US dollar, pound falls on UK turmoil

The dollar gained across the board, also pushing the Swiss franc to its lowest level since May 2019

Rupee falls 12 paise to 82.91 against dollar as US currency firm in markets

The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market. At the interbank foreign exchange, the domestic unit opened at 82.89 against the dollar, then lost further ground to 82.91, registering a loss of 12 paise over its previous close. The local unit also touched 82.75 against the American currency in initial deals. On Thursday, the rupee rebounded from its lifetime low to close 21 paise higher at 82.79 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 113. The rupee which closed at 82.79 against the dollar opened slightly weaker. On Thursday, the RBI intervened by selling more than a billion dollars and the rupee gained from a low of 83.23 to 82.70, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The dollar index and oil were flat at 113 and USD 92.30 per barrel, respecti

RBI intervenes to claw rupee back from fresh intraday low vs dollar

Central bank may have sold around $1 billion in Fx market on Thursday

Rupee to drop further to 84.50 against dollar by year-end: Poll

The Indian rupee will fall further against the US dollar over the rest of the year, a Reuters poll on Thursday showed, setting up the currency for its steepest annual decline in at least nine years

Rupee hits record low of 83.06 in opening trade against US dollar

The rupee depreciated 6 paise to a record low of 83.06 against the US dollar in opening trade on Thursday due to a stronger greenback overseas and unrelenting foreign fund outflows. Besides, a sell-off in domestic equities and risk-averse sentiments weighed on the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 83.05 against the dollar, then slipped further to quote 83.06, a fall of 6 paise over its previous close. The local currency also hit a high of 83.07 in early deals. In the previous session on Wednesday, the rupee plunged 60 paise to end at 83 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 113.06. Brent crude futures, the global oil benchmark, slipped 0.17 per cent to USD 92.25 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 140.09 points or 0.24 per cent lower at 58,967.10. Similarly, the broader NSE Nift

Dollar rides surge in Treasury yields, yen treads near key 150 level

The dollar loomed over major peers as Treasury yields peaked at multi-year highs, while the yen tumbled to a fresh 32-year low and kept markets on high alert

Gold [prices at three-week lows as dollar, bond yields stay elevated

Gold prices lingered at a three-week trough, pressured by rising US dollar and Treasury yields amid worries that the Federal Reserve will persist with sharp rate hikes

Rupee plunges 61 paise to dip below 83-mark for first time against dollar

Rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said

Gold slides to 3-week low as dollar, fears of rate increase dent appeal

Gold prices slipped to a three-week low on Wednesday as the U.S. dollar and Treasury yields rose on bets of more steep interest rate hikes from the Federal Reserve

Rupee appreciates 6 paise to 82.34 against US dollar in early trade

The rupee appreciated 6 paise to 82.34 against the US dollar in early trade on Wednesday as a firm trend in domestic equities strengthened investor sentiment. However, persistent foreign capital outflows capped the gains of the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened strong at 82.32 against the dollar, then lost some ground to quote at 82.34, a gain of 6 paise over its previous close. In the previous session on Tuesday, the rupee slipped 10 paise to end at 82.40 against the dollar The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.06 per cent to 112.06. Brent crude futures, the global oil benchmark, rose 0.59 per cent to USD 90.56 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 258.72 points or 0.44 per cent higher at 59,219.32. Similarly, the broader NSE Nifty rose 69.30 points or 0.40 per cent to 17,556.25. Foreign Institutional Investors (FIIs)

Rupee falls 10 paise to close at 82.40 against US dollar on forex outflows

The rupee pared its initial gains to close 10 paise down at 82.40 against the US dollar in a restricted trade on Tuesday. At the interbank forex market, the local unit opened at 82.21 against the greenback. It witnessed an intra-day high of 82.02 and a low of 82.40 against the American currency during the session. It finally ended at 82.40 against the US dollar, down 10 paise from its previous close of 82.30. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.18 per cent to 112.24. Brent crude futures, the global oil benchmark, fell 0.27 per cent to USD 91.37 per barrel. "Rupee continued to consolidate in a narrow range in the last few sessions despite volatility in major crosses. Reaction on the rupee remained muted even as the dollar fell marginally against its major crosses," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Risk on sentiment got a boost after Britain's new finance minister ...

Gold prices firm as US dollar slides; rate-hike concerns cap upside

Gold prices rose on Tuesday as a weaker dollar lifted bullion's appeal for overseas buyers, although risks from interest rate hikes by the U.S. Federal Reserve limited further gains

RBI's currency intervention ends up hurting rupee carry trade: Analysts

The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.

Soaring US dollar spreads pain worldwide, cost of living increases

The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money. Gamal, 28, stayed behind, working two jobs, sharing an apartment with other young people and eliminating meat from his diet. The prices of everything have been doubled," he said. "There was no alternative.'' Around the world, people are sharing Gamal's pain and frustration. An auto parts dealer in Nairobi, a seller of baby clothes in Istanbul and a wine importer in Manchester, England have the same complaint: A surging US dollar makes their local currencies weaker, contributing to skyrocketing prices for everyday goods and services. This is compounding financial distress at a time when families are already facing food and energy crunches tied to Russia's invasion of Ukraine. A strong dollar makes a bad situation worse in the rest of the world,'' says Eswar Prasad, a ...

Rupee advances 22 paise to 82.08 against US dollar in early trade

The rupee appreciated 22 paise to 82.08 against the US dollar in early trade on Tuesday, tracking positive domestic equities and an overnight fall in the dollar index. At the interbank foreign exchange, the domestic unit opened at 82.21 against the dollar, then gained further ground to touch 82.08, a gain of 22 paise over its previous close. On Monday, the rupee depreciated by 11 paise to close at 82.30 against the US dollar. The rupee started stronger this Tuesday, tracking an overnight fall in the dollar index, said Sriram Iyer, Senior Research Analyst at Reliance Securities. "RBI's continued presence in the markets and oil prices have stabilised and could aid sentiments," Iyer said, adding that Asian and emerging market peers remained weak this Tuesday morning amid recessionary fears and could cap appreciation bias for the local unit. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 112.15. Brent crude futures, t

Oil prices steady today on US dollar weakness; recession fears weigh

Oil prices steadied in early Asian trade as a weaker US dollar lent support

Gold prices jump more than 1% as US dollar, yields pull back

Gold prices on Monday rose more than 1% after declines in the previous two sessions, as the U.S. dollar and Treasury yields faltered

Rupee depreciates 11 paise to 82.30 against US dollar in closing trade

The rupee depreciated by 11 paise to close at 82.30 (provisional) against the US dollar on Monday as risk-off sentiment among investors and sustained foreign capital outflows weighed on the local unit. However, a rally in the domestic equities and a weak greenback overseas restricted the rupee's fall, traders said. At the interbank foreign exchange market, the local currency opened lower at 82.33 and later fell to a low of 82.42. The unit finally settled at 82.30 against the American currency, registering a decline of 11 paise over its previous close. In the previous session on Friday, the local currency had settled at 82.19 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.47 per cent to 112.78. Global oil benchmark Brent crude futures rose 0.28 per cent to USD 91.89 per barrel. On the domestic equity market front, the 30-share BSE Sensex surged 491.01 points or 0.85 per cent to end at 58,410.9