Page 66 - Us Dollar

India's foreign exchange reserves down $2.23 billion to $550.87 billion

The country's foreign exchange reserves declined by USD 2.234 billion to stand at USD 550.871 billion for the week ended September 9, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the reserves had dropped by USD 7.941 billion to USD 553.105 billion. The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets (FCAs), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI. The FCAs decreased by USD 2.519 billion to USD 489.598 billion in the reporting week. 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. The value of the gold reserves increased by USD 340 million to USD 38.644 billion, the data showed. The Special Drawing Rights (SDRs) dropped by USD 63 million to USD 17.719 billion. The country's reserve pos

Gold dips to near 2-month low as sharp rate-hike bets bolster dollar

Meanwhile, International Monetary Fund chief Kristalina Georgieva said on Wednesday central bankers must be persistent in fighting broad-based inflation

Indian rupee weakens 0.3% to 79.69 as oil companies soak up dollars

The rupee snapped a four-day winning streak on Wednesday after hotter-than-expected US consumer inflation data earlier this week bolstered bets of a third large rate hike by the Fed next week

Dollar stands tall as market focus swings back to US Federal Reserve

The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when the country's central bank checked on exchange rates with banks - a possible preparation for yen buying

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike

Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors

US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore

Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr

Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook

Rupee had opened at 79.60, but managed to claw back from its fall, helped by Indian shares recouping a large part of their losses

Dollar pushes towards 24-year peak versus yen after US inflation data

The dollar rose as high as 144.965 yen in the Asian session, taking it close to the high of 144.99 hit a week ago, a level not seen since August 1998

Rupee depreciates 43 paise to 79.60 against US dollar in early trade

The rupee depreciated by 43 paise to 79.60 against the US dollar in opening trade on Wednesday, as higher-than-expected US CPI print resulted in massive risk-off sentiments. At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close. In initial deals, the local unit also touched 79.54 against the dollar. On Tuesday, the rupee appreciated by 36 paise to close at an over one-month high of 79.17 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 109.77. Global oil benchmark Brent crude futures fell 0.10 per cent to USD 92.91 per barrel. The US August CPI came in higher than expected at 8.3 per cent year-on-year and 0.6 per cent month-on-month. "The higher-than-expected print has raised the prospect of more aggressive monetary policy tightening by the US Fed. Markets now expect the termi

Dollar index sees biggest single-day percentage gain since March 2020

It was still below last week's two-decade peak of 110.79. The index turned positive after the data release

Rupee doesn't need defending, it can take care of itself: CEA Nageswaran

Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond

Gold drops as higher US inflation bolsters dollar with rate hike looming

Spot gold prices dropped more than 1% after higher-than-expected U.S. inflation data, and were trading 1.6% lower at $1,697.30 per ounce by 9:10 a.m. ET (1310 GMT).

Futures tumble as US consumer price growth unexpectedly rises in August

Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.

Rupee climbs to 5-week high on dollar inflows, breaches key level

The rupee closed at 79.1475 per US dollar, compared with the previous close of 79.5225, notching up its best session this month

Dollar eyes longest losing streak in a year ahead of US inflation data

Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike

Rupee appreciates 28 paise to 79.25 against US dollar in early trade

The rupee appreciated 28 paise to 79.25 against the US dollar in opening trade on Tuesday, tracking the dollar's decline versus its major peers and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar, then touched 79.25 in initial deals, registering a gain of 28 paise over its previous close. On Monday, the rupee rose 4 paise to close at 79.53 against the American currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 108.20. Brent crude futures, the global oil benchmark, fell 0.21 per cent to USD 93.80 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 292.69 points or 0.49 per cent up at 60,407.82. Similarly, the broader NSE Nifty rose 93.25 points or 0.52 per cent to 18,029.60. Foreign Institutional Investors (FIIs) were net buyers in the capital markets, as they purchased shares worth Rs 2,049.65 crore on Monday, according

Rupee ends 6 paise up against dollar at 79.52 ahead of inflation data

Brent crude oil prices were at $93.78 a barrel by the closing of Indian market hours

Drop in India's forex reserves worrisome as inflows slow down: Economists

India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday

Euro jumps to 3-week peak on hawkish ECB signals, weakening dollar

In addition, ECB policymakers see growing risks they will have to raise their key interest rate to 2% or more to curb record inflation in the euro zone