Page 77 - Us Dollar
Gold price falls as firm US dollar, yields compound rate-hike woes
Gold prices took a hit as dollar rates hike amid US inflation data
 "Gold price falls as firm US dollar, yields compound rate-hike woes")
Rupee hits lifetime low for fourth straight day on broad dollar rally
The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further
 "Rupee hits lifetime low for fourth straight day on broad dollar rally")
Rupee ends at new low as global risk fears spur rush to safe-haven dollar
The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%
 "Rupee ends at new low as global risk fears spur rush to safe-haven dollar")
Bonanza for Indian euro loan borrowers as currency slides against dollar
Companies will have to buy fewer dollars to repay euro debt
 "Bonanza for Indian euro loan borrowers as currency slides against dollar")
Gold rebounds sharply from 1-year low as dollar slips over US' inflation
Gold has recovered from a nearly 1-year dip with gold futures rising by 0.7% as the US dollar slips over inflation fears
Rupee drops by 22 paise to new low of 79.81 against US dollar
The rupee declined by 22 paise to close at a record low of 79.81 against the US currency on Wednesday after the dollar surged to a 20-year high in overseas markets
 "Rupee drops by 22 paise to new low of 79.81 against US dollar")
Rupee hits record low for a third straight session; touches 79.66 vs dollar
The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of US inflation data
 "Rupee hits record low for a third straight session; touches 79.66 vs dollar")
Euro clings to parity to dollar as markets await US inflation data
The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later
 "Euro clings to parity to dollar as markets await US inflation data")
Taper tantrum playbook key for RBI as rupee continues slide to record lows
The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened
 "Taper tantrum playbook key for RBI as rupee continues slide to record lows")
Euro hovers a whisker above parity as traders wait for US inflation data
The euro hovered a whisker above parity on the dollar on Wednesday ahead of US inflation data, with traders wary a sky-high reading could force it to lows not seen in decades
 "Euro hovers a whisker above parity as traders wait for US inflation data")
Top Headlines: Rupee settlement plan, eating out to get pricier, and more
The share of developed market currencies in India's trade has only been going up in recent decades. The share is up around 30 percentage points since the early 1990s. Read more in our top headlines
 "Top Headlines: Rupee settlement plan, eating out to get pricier, and more")
At $1.00005, euro draws closer to parity as US dollar runs rampant
The dollar index gained 0.3% to as high as 108.56, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades
Asian countries in talks for settling trade in domestic currencies
Countries to accept trading partners' currency; move aimed at reducing dollar dependence
 "Asian countries in talks for settling trade in domestic currencies")
Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
 "Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data")
Rupee falls to a fresh low, just 40 paise away from 80 per dollar
The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close
 "Rupee falls to a fresh low, just 40 paise away from 80 per dollar")
Brent slumps to below $100 a barrel on firm dollar, weak demand outlook
Brent and WTI fall by more than $7 a barrel; recession fears and China COVID curbs weigh on oil, say analysts; OPEC forecasts slower oil demand growth in 2023
 "Brent slumps to below $100 a barrel on firm dollar, weak demand outlook")
Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%
Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.
 "Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%")
Oil slides on strong dollar, weaker demand outlook and slowdown fears
Brent crude futures were down by $4.78, or 4.5%, at $102.32 a barrel by 1112 GMT, having earlier sunk as low as $101.48.
 "Oil slides on strong dollar, weaker demand outlook and slowdown fears")
Euro teeters near parity versus US dollar, hits new two-decade low
The dollar index, a measure against six counterparts, with the euro most heavily weighted, was 0.2% higher at 108.43. It had earlier climbed to 108.47, its highest since October 2002.
Neighbours, Russia can help convert 16.38% of India's trade into rupees
The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war
 "Neighbours, Russia can help convert 16.38% of India's trade into rupees")