Page 64 - Us Dollar

Gold climbs 0.5% on weaker dollar even as interest rate hikes loom

Spot gold was up 0.5% at $1,667.89 per ounce, as of 0603 GMT. U.S. gold futures were 0.2% higher at $1,675.30

Sterling rebounds 1% on reversal of proposed tax cut plan; yen weakens

Sterling climbed higher on Monday after British finance minister Kwasi Kwarteng said the government would reverse a plan to scrap the UK's highest rate of income tax

Rupee depreciates 38 paise to 81.78 against US dollar in early trade

The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors. Besides, surging crude prices in the international market impacted the domestic unit, traders said. At the interbank foreign exchange, the local currency opened weak at 81.65 against the dollar, then lost further ground to quote at 81.78, registering a loss of 38 paise over its previous close. The rupee settled 33 paise higher at 81.40 against the dollar on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.04 per cent to 112.08. Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 66.60 points or 0.12 per cent lower at 57,360.32, and the broader NSE Nifty fell 12.90 points or 0.08 per cent to 17,081.45. After infusing funds in the las

Antipodean currencies advance ahead of rate decisions, dollar edges lower

The Australian and New Zealand dollars gained ground ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies

Rupee gains on report of RBI nudging oil firms to reduce dollar buys

Central bank's rate hike and easing dollar index lend support to domestic currency

Wall Street keeps stocks down as US dollar rises on higher inflation

The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength

Oil set for weekly gain as dollar weakens, OPEC+ considers output cut

Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99

Rupee weakness likely to pressure RBI on 50-bps rate hike: Analysts

Currency closes at 81.85/$, 9 p higher than previous close

India's forex reserves fell the most among emerging economies: Report

Since the beginning of 2022, India's reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion

Govt must curb non-essential imports to stem rupee fall: CEO poll

India Inc encourages FDI, raising dollar deposits from NRIs

US economy, geopolitics: Factors that could roil markets next quarter

With the rupee weakening against the US dollar, a more hawkish pivot by RBI is expected

Rupee closes marginally higher against US dollar, RBI intervention seen

The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies

Rupee appreciates 35 paise to 81.58 against US dollar in early trade

The rupee appreciated 35 paise to 81.58 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 81.60 against the dollar, then touched 81.58, registering a gain of 35 paise over its previous close. In initial trade, the rupee also touched 81.75 against the American currency. On Wednesday, the rupee plunged below the 82-mark for the first time in intraday trade before settling 40 paise down at 81.93 against the dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened stronger on Thursday, tracking the overnight weakness of the dollar and treasury yields. However, concerns on fiscal loosening and monetary tightening will keep the dollar supported and cap gains for the local currency. Most Asian and emerging market peers started weak on Thursday morning and will also cap gains in the rupee. "Investors now await the RBI's mon

Gold prices retreat on bolstered dollar, prospect of more Fed hikes

Gold prices retreated, as prospects for more US interest rate hikes and a subdued outlook for global economic growth bolstered the dollar

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Rupee at another low of 81.94 per dollar as US Fed talks up rate hikes

RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1

Silver lining for investors in international MFs as rupee plunges

Dollar gains help Nasdaq pip Nifty gains over a three-period

Oil prices stabilise as soaring dollar offset by US output outages

Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate crude futures were down 9 cents, or 0.1%, at $78.41 per barrel

Gold slides to lowest since April 2020 as US dollar, yields climb

Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60

Rupee hits new low, inches towards 82 per dollar on hawkish US Fed

So far in 2022, the rupee has depreciated around 9.2% against US dollar