Forex
Rupee rises 9 paise to 83.88 against US dollar in early trade
The rupee appreciated by 9 paise to 83.88 against the US dollar amid a weakening American currency and positive domestic equities. Traders are eyeing US GDP and PCE inflation data, which could influence the Federal Reserve's rate cut decision in September. The dollar index dropped, and the BSE Sensex and Nifty showed gains.
Rupee holds above record low, supported by state-run banks' dollar sales
While the currency touched an intraday low of 83.9675, it managed to hold above its all-time low, underpinned by "intermittent offers (on USD/INR)" by state-run banks, a senior trader at a foreign bank said.
Rupee falls 2 paise to 83.95 against US dollar in early trade
The rupee has depreciated by 2 paise to 83.95 against the US dollar, influenced by a muted trend in domestic equities. Forex experts note that the rupee's downside appears capped, possibly due to Reserve Bank of India's intervention. The dollar index and Brent crude prices saw minor gains, while domestic equity markets experienced slight declines.
Rupee ends slightly lower as importer dollar bids, weak Asia FX weigh
Asian currencies slipped, with the Philippine peso down 0.5% and leading losses, while the dollar index was at 100.8, hovering close to its weakest level since December.
Rupee ends flat, unable to benefit from rise in Asian peers
The rupee closed at 83.90 against the U.S. dollar, nearly unchanged from its close at 83.89 in the previous session. The currency hit a peak of 83.81 in early trading.
Rupee closes higher as focus turns to Powell's remarks
With an interest rate cut already priced in for the Fed's September meeting, Powell's remarks will help investors determine whether the central bank will reduce rates by 25 or 50 basis points.
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Rupee ends tad lower tracking weakness in Asian peers
Traders pointed to intermittent dollar sales from state-run banks that helped keep the rupee above its all-time low of 83.9725 hit earlier in the month.
Rupee slips; forward premiums biased higher ahead of US payroll revisions
The currency had touched a two-week high of 83.7550 in the previous session, but pulled back as importers bought dollars, traders said.
European shares trade flat; basic resources shine
The pan-European STOXX 600 index held its ground at 512.74 points by 0711 GMT, after snapping a five-day winning streak in the previous session.
Japan's Nikkei ends lower as stronger yen drags ahead of US jobs
The Japanese currency strengthened back to the 145 levels per dollar after falling as far as 147.34 the previous day, although a halt in the yen's rise helped narrow equity losses in the Asian afternoon. Nikkei finished 0.3% lower at 37,951.8 after falling 1% in early trade, while the broader Topix fell 0.2% to 2,664.86.
Rupee falls 7 paise to 83.84 against US dollar in early trade
The Indian rupee fell by 7 paise to 83.84 against the US dollar driven by weak equity markets and foreign capital outflows. Factors like a weaker dollar and lower crude prices offered some relief. The rupee had previously closed at 83.77, gaining 10 paise amid market fluctuations.
Rupee closes higher boosted by inflows, broadly weaker dollar
Dollar sales from at least two large U.S.-based banks, likely on behalf of custodial clients, helped the currency gain, a foreign exchange trader at a mid-sized foreign bank said.
European shares flat as traders brace for key euro zone data
The oil and gas sector was the biggest loser in the benchmark index, dropping nearly 1%, as crude prices edged lower on easing geopolitical risks and weak demand from China.
European shares flat as traders brace for key euro zone data
The oil and gas sector was the biggest loser in the benchmark index, dropping nearly 1%, as crude prices edged lower on easing geopolitical risks and weak demand from China.
Japan's Nikkei rebounds on softer yen, tech gains
Japan's Nikkei index climbed 1.8%, driven by a softer yen and gains in tech stocks following U.S. economic optimism. Key performers included SoftBank, which rose 3.1%, and Fast Retailing, up 3.6%. Investors remain focused on upcoming remarks by Federal Reserve Chair Jerome Powell for clues on future rate movements.
