Page 74 - Us Dollar

Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen

Stocks edge up to hit six week high, US dollar weaker after soft data

NEW YORK (Reuters) - A gauge of global stocks edged higher on Friday, poised for a sixth straight day of gains, while the dollar dipped against a basket of major currencies following soft data on U.S. business activity.

Rupee settles almost flat; falls 1 paisa to close at 79.86 against dollar

The rupee settled on a flat note on Friday as gains from positive domestic equities and fresh foreign inflows were negated by strong demand for the American currency in the overseas market. At the interbank forex market, the local unit opened lower at 79.90 against the greenback and finally settled at 79.86, registering a fall of just 1 paisa from its previous close. During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency. On Thursday, the rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 against the US dollar following overall weakness in crude oil prices and fresh foreign fund inflows. The dollar index, which measures the greenback's strength against a basket of six currencies, was up 0.20 per cent at 107.12. Brent crude futures, the global oil benchmark, fell 0.56 per cent to USD 103.28 per barrel. "Surge in domestic markets, FII inflows and softening crude oil prices supported the Rupee

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

Indian economy relatively better placed amid grim global scenario: RBI Guv

"RBI has been supplying US dollars to the market to ensure adequate supply of liquidity," Governor Shaktikanta Das said

Rupee rises 20 paise to close at 79.85 against USD on fresh FPI inflows

The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar following overall weakness in oil prices and fresh foreign fund inflows.

Rupee unlikely to get any tailwind this fiscal: UBS Securities' report

Rupee, which has plumbed the 80-level against the US dollar, is unlikely to get any tailwind this fiscal and may fall further in the medium term due to higher crude prices and imports, says a report.

Next pain point for the rupee: $79 billion of unhedged offshore loans

The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India

Rupee falls by 1 paisa to all-time low of 80.06 against US dollar

The rupee depreciated 1 paisa to its all-time low of 80.06 against the US dollar in opening trade on Thursday amid demand for dollar from oil importers and firm crude oil prices

Gold to face headwinds in H2 2022 as dollar continues to dominate

Gold is heading into the second half of the year under increasing pressure, with the dollar more than ever the dominant driver

Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days

Sensex closes at highest level since June 6; Up 8% from CY22 lows

Rupee depreciation against US dollar lower than other major currencies: CEA

CEA Nageswaran said that the depreciation of the rupee against the US dollar has been lower than other major global currencies such as the Euro, the British pound and the Japanese yen

Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars

The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback

Copper rises from multi-month lows as upbeat sentiment lifts base metal

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.

Dollar edges down vs euro as traders eye ECB's rate decision on Thursday

NEW YORK (Reuters) -The U.S. dollar edged lower against the euro on Wednesday in a choppy session, but its losses were capped as traders were hesitant to drive big moves ahead of a crucial European Central Bank policy decision on Thursday.

Rupee closes below 80 mark for first time against dollar

The rupee declined 13 paise to close below the 80 mark for the first time against the US currency on Wednesday due to strong dollar demand from importers amid high crude oil prices. At the interbank foreign exchange market, the local currency opened at 79.91 and later slid to a low of 80.05 to a dollar. The rupee traded in a range of 79.89 to 80.05 in the day trade. It finally settled at the day's low level of 80.05, showing a loss of 13 paise over the previous close. On Tuesday, the rupee recovered from its all-time low of 80.05 to close 6 paise higher at 79.92 against the US dollar following forex inflows and suspected RBI intervention. Forex traders said significant dollar demand from oil importers, firm crude oil prices as well as concerns about swelling trade deficit weighed on investor sentiments. "Overall gains in crude in the last few days where Brent has risen again above USD 105 and lack of intervention from RBI has kept the rupee hovering around 80.00. Going ahead rupee

World shares hit 3-week high as recession fears ease, dollar hovers low

World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession

Amid hiked dollar demand from oil importers, rupee falls 4 paise to 79.96

The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and firm crude oil prices

Rupee at 80: The Indian tradition of political involvement in exchange rate

Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually

Top Headlines: Rupee breaches 80/$ for 1st time, Right to Repair, and more

The rupee on Tuesday weakened past 80 per dollar for the first time but went on to recover lost ground