Page 78 - Us Dollar

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow

Rupee falls to new low as US dollar index rises to fresh 20-year high

The domestic currency ended at 79.44 as against 79.25 at the previous close

Gold hovers near 9-month low as dollar gains on looming rate hikes

(Reuters) - Gold neared a nine-month low on Monday, weakening after strong U.S. job market data last week boosted the likelihood of another super-sized interest rate hike by the Federal Reserve.

India's forex reserves slip $5 bn in a week amid RBI interventions

Most emerging market currencies have faced pressure since the start of the war in Ukraine in late February as investors have rushed to safe-haven assets

RBI allows more FPI access to Indian bonds, but returns may not lure flows

Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets

FinMin pegs US dollar value at Rs 79.90 for computing import duty

The Finance Ministry Thursday pegged the exchange rate for dollar at Rs 79.90 for calculation of import duty with effect from July 8, as against Rs 78.95 a fortnight ago. The sharp revision is due to depreciation of rupee against dollar following outflow of capital caused by various external factors, including the hardening of interest rate globally. Similarly, in case of pound sterling, the value has been fixed at Rs 96.10 as compared to Rs 96.70 earlier, according to a finance ministry statement. As regards euro, the conversion rate for calculating taxes on imported goods has been fixed at Rs 82.15 as compared to Rs 83.10 on June 16, it said. The sharp revision in exchange rates comes in the backdrop of the rupee depreciating by 4.1 per cent against the US dollar during the current financial year so far (up to July 5). However, it is modest relative to other EMEs and even major advanced economies. Since the war in Ukraine broke out in late February, RBI has expended its foreign

Gold sector finds reprieve after selloff as US dollar rally cools

(Reuters) - Gold rose on Thursday as the dollar pulled back slightly and some investors scooped up bargains after two sessions of heavy losses that plunged prices below the crucial $1,800 level.

Rupee resumes slide, tumbles 19 paise to 79.13 against US dollar

Resuming its slide after a day's pause, the rupee declined 19 paise to close at 79.13 against the US dollar on Thursday

Rupee falls 19 paise to 79.13 against US dollar over Fed's hawkish outlook

The rupee declined 19 paise to close at 79.13 (provisional) against the US dollar on Thursday, as the hawkish stance of the US Federal Reserve increased the possibility of another aggressive rate hike this month. At the interbank foreign exchange market, the local currency opened at 79.05 and finally ended at 79.13, down 19 paise over its previous close. On Wednesday, the rupee closed at 78.94. "Rupee opened on a flat note but started to come under pressure despite measures announced by the RBI," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The RBI on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows in efforts to curb the fall of the rupee. The central bank had also said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its ...

RBI measures to have positive impact on oversesas fund inflows: DEA Secy

Economic Affairs Secretary Ajay Seth on Thursday said the measures taken by Reserve Bank of India (RBI) will increase inflows of overseas funds and help in strengthening the rupee against the dollar.

Euro just off two-decade low, volatility at highest since March 2020

(Reuters) -A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.

Gold prices gain on bargain hunting after sharp losses, softer dollar

Gold prices have regained footing following some significant losses and a comparable softer US Dollar

Rupee falls 12 paise to 79.06 against dollar amid fears of Fed rate hike

On Wednesday, the rupee closed at 78.94 against the US dollar

Rupee springs back 39 paise to close at 78.94 against US dollar

The rupee sprung back 39 paise its best single-day gain in over three months to close at 78.94 against the US currency on Wednesday after a sharp correction in crude oil

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days

Euro falls lowest since 2002 against USD on concerns over energy prices

Euro drops to its lowest since two decades over energy supply concerns

Rupee rises 3 paise to close at 79.30 against USD as oil prices fall

The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows.

Dollar rules as recession fears drag euro to 20-year low, pound under fire

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers

Rupee rises 9 paise from record low to 79.24 against dollar in early trade

In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar