Page 77 - Us Dollar
Education abroad: Here's how to manage cost surge amid rupee's slide
With the rupee depreciating about 7-8 per cent year to date and almost touching 80 against the US dollar, parents of students who are heading for foreign shores for higher education could be forced to shell out more.
 "Education abroad: Here's how to manage cost surge amid rupee's slide")
No need to be 'overtly' worried about fall in rupee: DEA Secretary
The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro.
 "No need to be 'overtly' worried about fall in rupee: DEA Secretary")
Rupee rises 6 paise to close at 79.92 against USD as equities turn positive
At the interbank forex market, the local unit opened lower at 80.00 against the greenback and fell further to an intra-day low of 80.05.
 "Rupee rises 6 paise to close at 79.92 against USD as equities turn positive")
Rupee at 80: How have other currencies performed in the last six months
The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19
 "Rupee at 80: How have other currencies performed in the last six months")
Ending of rate hikes in US to stem sharp rupee depreciation
With front-loaded rate hikes by the US Fed, the US dollar will remain relatively strong in the immediate term
Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain
Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins
 "Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain")
Rupee declines to record low of 80.01 to a dollar as foreign funds exit
The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum
 "Rupee declines to record low of 80.01 to a dollar as foreign funds exit")
Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise
Crude oil prices jumped on Monday as US President Joe Biden's talks with West Asian countries failed to culminate in an agreement to increase output
 "Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise")
Oil back above $100 on Russian gas supply jitters, weaker US dollar
Russian gas export monopoly Gazprom declared force majeure on gas supplies to Europe to at least one major customer, potentially ratcheting up the continent's supply crunch
 "Oil back above $100 on Russian gas supply jitters, weaker US dollar")
Rupee depreciates by 25% since Dec 2014 due to global factors: FM
The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data.
 "Rupee depreciates by 25% since Dec 2014 due to global factors: FM")
Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark
The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst
 "Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Gold rises as dollar retreats; traders focus on Fed rate-hike path
Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.
 "Gold rises as dollar retreats; traders focus on Fed rate-hike path")
Oil jumps 2% as soft dollar and tight supply offset recession concerns
Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.
Rupee appreciates 6 paise to 79.76 against dollar in early trade
The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit
 "Rupee appreciates 6 paise to 79.76 against dollar in early trade")
US dollar nudges down from multi-year highs as euro gasps for gas
The greenback has soared this year thanks to a combination of rising US interest rates and wobbling economies in Europe and China
 "US dollar nudges down from multi-year highs as euro gasps for gas")
Business Standard poll: The worst may soon be over for rupee, say experts
It's seen at 80.20/$ at July-end, stabilising at 80.50 by Sept
 "Business Standard poll: The worst may soon be over for rupee, say experts")
Going on eighty: Rupee continues to test new lows against US dollar
It's too early to say if the central bank's recent measures will offer relief any time soon
 "Going on eighty: Rupee continues to test new lows against US dollar")
Reserve Bank remains net buyer of US currency in May; buys $2 billion
The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.
 "Reserve Bank remains net buyer of US currency in May; buys $2 billion")
Unsafe haven: Gold set for fifth weekly loss as US dollar strengthens
Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.