Page 69 - Us Dollar

Crude oil prices edge higher on prospect of supply cut by OPEC-plus

Oil edged higher on Monday to extend last week's gains as potential OPEC+ output cuts and conflict in Libya helped to offset a strong US dollar and a dire outlook for US growth

Rupee recovers some losses, falls 10 paise to close at 79.94 against dollar

After hitting all-time low, the rupee recovered some of its losses to settle 10 paise down at 79.94 (provisional) against the US dollar on Monday, tracking the strength of the American currency and firm crude oil prices. At the interbank foreign exchange market, the local currency opened at 80.10 and fell to its all-time low of 80.15 against the US dollar in intra-day trade. The local unit finally settled at 79.94 a dollar, down 10 paise over its previous close of 79.84. On July 20, the rupee for the first time closed below the 80-mark at 80.05 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.28 per cent higher at 109.10, after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battle inflation. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the rupee depreciated and touched an all-time low on a strong dollar and deteriorating global risk ...

The good, bad and ugly of rupee hitting new low against US dollar

Rupee, dragged down by storm of international pressures and geopolitical headwinds, is a wake-up call to regulators and policymakers to strengthen the currency

India bond yields end higher as US Fed's hawkish stance unnerves investors

Indian government bond yields ended higher on Monday, tracking US Treasury yields, as the Fed emphasised it would keep raising rates to rein in inflation

Gold drops 0.8% as US dollar shines on Powell's rate hike warning

Gold prices took a beating as US Federal Reserve Chair acknowledged that a quick undo of central bank's rate tightening was far from over, which boosted the dollar and sent bullion to a one-month low

World stocks and bonds slump; US dollar hot as rate fever takes hold

World stocks slumped as the growing risk of more aggressive interest rate hikes in the US and Europe inflicted fresh pain on bond markets and pushed the dollar to new 20-year highs

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

RBI interventions to determine rupee's course amid surging dollar

Dollar rebounds as Fed Chair Powell commits to fighting inflation

The dollar index gained after Federal Reserve Chair adopted a hawkish tone to battling inflation, but did not settle the debate on how large a rate increase is likely

Faster debt relief needed as more nations seek help, says IMF's Gopinath

More countries are likely to seek debt relief as a stronger dollar makes repayments tougher, says IMF chief

Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech

The rupee appreciated by 8 paise to close at 79.84 against the US dollar on Friday, supported by a weak dollar in the overseas markets and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said. At the interbank forex market, the local unit opened at 79.87 against the greenback. It witnessed an intra-day high of 79.81 and a low of 79.94 against the American currency during the session. It finally ended at 79.84 against the US dollar, up 8 paise from its previous close of 79.92. "Rupee continued to consolidate in a narrow range ahead of the Jackson Hole symposium. Dollar weakened against its major crosses after the GDP number released from the US came in line with expectation," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Market participants remained cautious as they waited for a speech by the Federal Reserve chairman. "The Fed Chairman's speech in Jackson

Dollar holds firm against euro, sterling as Jerome Powell speech day dawns

The dollar held onto recent gains against the euro and sterling on Friday ahead of Federal Reserve Chair Jerome Powell's widely-anticipated speech, which traders hope will offer clues on the U.S. cent

Rupee falls 7 paise to close at 79.93 against US dollar amid oil surge

The rupee declined by 7 paise to close at 79.93 (provisional) after moving in a narrow range against the US dollar on Thursday. At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.93 during the session. The domestic unit finally settled at 79.93, down 7 paise over its previous close of 79.86. "The Indian rupee stayed in a narrow range and underperformed among Asian currencies. China's stimulus to boost the economy supported regional peers while the local unit remained under pressure following high crude oil prices and risk-off moods at the domestic bourses," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar further said that Spot USD/INR, in the near term, is expected to trade in the range of 79.60 to 80.10 ahead of monthly rebalancing tomorrow. Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.50 per cent at 108.13. Brent crude

Euro bounces back to parity with the dollar as investor sentiment improves

The euro briefly rebounded back above parity with the dollar on Thursday as the US currency's recent rally ran out of steam

Dollar pauses for breath ahead of Jackson Hole symposium this week

The US dollar steadied just below recent peaks, as investors waited to hear from the Federal Reserve and pondered whether weak US data may slow the pace of rate hikes

Rupee worries force India's importers to hedge extra: An analysis

Foreign investors have withdrawn almost $25 bn from Indian equity and debt markets so far in 2022, as money rushes back into higher yielding dollars

Indian rupee at 4-week low; set to breach 80-level against USD, say traders

The partially convertible rupee fell 0.1% to 79.875, having dropped to its lowest level since July 27 at 79.9125.

Asia shares slip anew amid strong US dollar demand, rising interest rates

Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns that most major central banks are committed to raising interest rates no matter the risks to growth

Wall Street pushes stocks down, dollar up on Fed hike fears; yields rise

The Dow Jones Industrial Average fell 0.86%, to 33,706.15, the S&P 500 lost 1.29%, to 4,228.37, and the Nasdaq Composite dropped about 2%, to 12,705.22

Oil prices down 1.5% for the week on recession jitters, strong US dollar

Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks fell about 1.5% on the week

Asian market's dry spell leaves India's credit with worst streak in 13 yrs

No deals in excess of $100 million concluded in the week ending Aug 19, after just $453 million the week before