Page 79 - Us Dollar

Gold slips on strong dollar gains, clings above $1,800 on recession risks

Spot gold was down 0.4 per cent to USD 1,801.20 per ounce by 0907 GMT, while U.S. gold futures were little changed at USD 1,800.80 per ounce

Euro slumps to two-decade low against US dollar as recession fears bite

The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession

Centre committed to meeting FY23 fiscal deficit target: Official

Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Rupee recoups early losses to close almost flat at 78.95 against dollar

The rupee paired its early losses to close almost flat at 78.95 against the US dollar on Monday due to weakness in the greenback, lower crude oil prices and gains in the local stock markets. At the interbank forex market, the local unit opened lower at 78.97 against the greenback and fell to an intra-day low of 79.06. It finally settled at 78.95, down by 1 paisa from its previous close of 78.94. "Forex markets witnessed relatively less movement than usual as US markets remained closed on account of Independence Day. Nevertheless, the rupee outperformed regional currencies today after last week's worst performance on the back of capital outflows and worry over the twin deficit," said Dilip Parmar, Research Analyst, HDFC Securities. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services said that the rupee consolidated in a narrow range and market participants remained on the sidelines as the US market was shut on account of the Independence day holiday. "Euro ...

US dollar weakens against euro, sterling in quiet trading session

By Joice Alves

Rupee depreciates 9 paise to 79.03 against dollar in early trade

The rupee depreciated 9 paise to 79.03 against the dollar in opening trade on Monday, as persistent foreign funds outflows weighed on investor sentiments

Gold, silver prices remain unchanged; yellow metal hovering at Rs 52,340

In Chennai, 10 gram of 24-carat and 22-carat gold is trading at Rs 52,280 and Rs 47,920 respectively

Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week

Dollar heads for weekly gain as investors weigh rates, recession risks

The dollar index inched up 0.07% in Asian trading, after a 0.32% drop overnight when it was undermined by weaker-than-expected consumer spending data

Rupee falls below 79/$ as stocks plunge; FII outflows sour market sentiment

Higher US interest rates, upside risks to India's current account deficit, brought about by higher oil prices, have caused the rupee to depreciate 6% vs $ so far in the calendar year

Euro up from two-week low, dollar drops ahead of euro zone price data

The dollar, which had been buoyed by safe-haven flows against the euro, last fell 0.305% to 104.720

Rupee consolidates against dollar after sharp depreciation this week

Dealers say magnitude of RBI interventions slowed down over past couple of days

Asian shares in painful quarter, dollar in rude health amid recession fears

Japan's Nikkei fell 1.4%, though its drop this quarter has been a relatively modest 5% thanks to a weak yen and the Bank of Japan's dogged commitment to super-easy policies

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

UltraTech Cement paying for Russian coal in Chinese yuan: Report

UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal

Rupee falls 18 paise to close at new low of 79.03 against US dollar

At the interbank foreign exchange market, the rupee opened lower at 78.86 against the greenback and finally settled at 79.03, down 18 paise over its previous close.

Rupee weakens to a new low; traders see currency breaching 79/$ soon

So far in 2022, the rupee has shed around 5.8 per cent against the dollar as higher US interest rates and a surge in global commodity prices have the outlook on the currency

Rupee falls 11 paise, hits record low of 78.96 to dollar in early trade

The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows