US DOLLAR
Dollar holds gains ahead of US inflation test
The dollar steadied amid recent steep losses, as traders await the core PCE price index, a key U.S. inflation measure, due Friday. Market reactions remain muted with currencies mostly rangebound. Analysts believe the upcoming data won't significantly alter Federal Reserve rate expectations unless it significantly deviates from forecasts.
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.
Currencies hold tight ranges as market awaits more U.S. rate cues
The U.S. dollar remains near a year-low against other currencies, with markets expecting a U.S. interest rate cut next month. The debate is whether it will be 25 or 50 basis points. Bitcoin fell over 6%, trading below $60,000. Currency markets are stable, awaiting further economic data this week.
Rupee falls 8 paise to 83.95 against US dollar in early trade
The rupee fell by 8 paise to 83.95 against the US dollar due to elevated crude oil prices and a weak domestic equity market. Brent Crude remained above USD 80 per barrel amid geopolitical tensions. The Reserve Bank's active market interventions have bolstered India's forex reserves by nearly USD 5 billion, providing some stability.
Rupee ends flat at 83.90 per US dollar amid steady month-end demand
The Indian rupee remained almost flat on Monday, and closed at 83.90 versus the US dollar as demand for dollars from local banks and corporates remained steady due to month end demand, traders said.
Dollar falls after Powell greenlights September easing
The dollar weakened as sterling hit a two-year high following Federal Reserve Chair Jerome Powell's indication of a likely U.S. interest rate cut. Powell's remarks pointed to a decreased risk of inflation and heightened concerns about employment. This expectation boosted the euro and yen, contributing to a 0.81% drop in the dollar index.
- Go To Page 1
Rupee strengthens marginally, closes at 83.93 vs US dollar
The Indian rupee strengthened marginally versus the US dollar on Friday and closed at 83.89/$1, due to mild corporate inflows into the domestic market.
Dollar rebounds against euro before Powell speech
The dollar rebounded from a 13-month low against the euro on Thursday. Traders are now looking forward to Federal Reserve Chair Jerome Powell's speech on Friday. The currency's recent weakness and potential rate cuts by the Federal Reserve remain in focus as market data indicates mixed signals on economic performance.
Rupee weakens to 83.95 against US dollar on local demand, rising dollar index
The Indian rupee weakened moderately on Thursday and ended at 83.952 versus the US dollar due to dollar demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee.
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
The dollar hit its lowest levels against the euro and sterling in over a year due to a dovish Federal Reserve and weak U.S. job market data. Upcoming speeches from Fed Chair Jerome Powell and Bank of Japan's Governor Ueda are highly anticipated for insights on future interest rate policies.
Rupee posts worst single-day performance since June 26, ends at 83.92 vs US dollar
The Indian rupee depreciated against the US dollar and closed at 83.92/$1 on Wednesday to record its worst single day performance since 26th June, due to dollar demand from domestic banks and corporates and FPI outflows from equities, traders said.
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.
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.
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole
The U.S. dollar weakened to its lowest level in 2023 against the euro, influenced by upcoming U.S. payrolls data revisions and Federal Reserve Chair Jerome Powell's speech. Declining bond yields and weak job statistics have fueled concerns of a recession, prompting market participants to speculate on possible interest rate cuts next month.
Rupee strengthens by nearly 0.1% since last close, ends at 83.79 vs US dollar
The Indian rupee strengthened versus the US dollar, closing at 83.7925 per US dollar on Tuesday due to a weaker dollar index and inflows in local stocks and bonds. A fall in crude oil prices also aided the local currency.
Rupee turns flat at 83.87 against US dollar in early trade
The Indian rupee stabilized at 83.87 against the US dollar after initial gains, influenced by strong domestic equity markets and a weak dollar, offset by foreign capital outflows. Declining crude oil prices provided support. Investors were cautious ahead of US PMI data and Federal Reserve Chair Jerome Powell's speech for hints on rate cuts.
Rupee rises 11 paise to 83.84 against US dollar in early trade
The Indian rupee gained 11 paise to reach 83.84 against the US dollar on Monday due to positive domestic equities and new foreign investments. Supported by a weaker US dollar and lower crude oil prices, the rupee saw minimal fluctuations last week. The Reserve Bank of India's measures have contributed to this stability.
Dollar softens, yen set for weekly fall as US recession worries fade
The dollar dipped against the yen and other currencies as traders took profits and reviewed economic data for insights into the Federal Reserve's rate-cut plans. Weak U.S. housing data contributed to the pressure. Market attention is now on Fed Chairman Powell's upcoming speech. British retail sales pushed the pound higher.
Rupee turns flat at 83.94 against US dollar in early trade
The Indian rupee stabilized at 83.94 against the US dollar amid concerns over high crude oil prices and foreign capital outflows. Positive sentiment in equity markets and a weaker dollar provided support. The Sensex and Nifty saw significant gains. Wholesale inflation fell to 2.04% in July, driven by lower food prices.
Dollar holds gains on reassuring data, euro slips
The dollar strengthened against the euro as U.S. economic data revealed higher-than-expected retail sales and lower unemployment claims. This alleviated recession concerns and reduced expectations for significant rate cuts by the Federal Reserve in the upcoming month. Consequently, the euro fell from its seven-month high.
Rupee rises 7 paise to 83.90 against US dollar in early trade
The Indian rupee gained 7 paise to reach 83.90 against the US dollar due to the American currency's retreat after a softer-than-expected Producer Price Index. Forex traders anticipated Indian trade data and US CPI data. On Tuesday, the rupee closed at 83.97. The Reserve Bank of India maintained its 84.00 threshold.
Dollar tenses for data verdict on rate cut risks
The dollar remained steady as investors awaited U.S. economic data to assess the likelihood of rate cuts. Japanese stocks experienced a rally, stabilizing the yen carry trades. Producer price and consumer price reports, along with retail sales, are expected to influence the Federal Reserve's rate cut decisions for September, potentially affecting Treasury yields and currency values.
Rupee weakens further, makes record closing low of 83.97
The unit closed at 83.9725 as against its last close of 83.955, LSEG data showed. The currency was trading in a tight range of 83.95 and 83.97. At the beginning of 2024, the rupee was trading at 83.2375.
Indian rupee hits record low against US dollar amid global economic concerns
The Indian rupee hit a record low against the US dollar as Asian currencies declined due to risk aversion before the US consumer price inflation data release. Rising crude oil prices and concerns about the US economy's slowdown added pressure on the rupee, contributing to its weakening position.
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 83.95 against the greenback and traded in a tight range. In initial trade it touched 83.96, registering a fall of 1 paisa over its previous close.
Rupee falls 1 paisa to close at 83.96 against US dollar
The rupee declined slightly by 1 paisa to 83.96 against the US dollar after the Reserve Bank kept interest rates steady. Factors affecting the rupee included weak markets, rising oil prices, and foreign fund outflows.
Rupee hits record low for fourth consecutive day amid dollar demand, global volatility
“Foreign exchange traders are not expecting the rupee to touch 84 levels, because traders are cautious while taking a position once the rupee crosses 83.93/$1 and as the Reserve Bank would step in to stop the depreciation”, said a trader at a state run bank.
Rupee trades in narrow range against US dollar in early trade
On Wednesday morning, the rupee traded in a narrow range due to positive domestic equities countered by a stronger US dollar. It opened at 83.86 but traded at 83.92 unchanged from its previous close. Factors like geopolitical tensions and foreign investor outflows negatively impacted investor sentiments. The Reserve Bank's upcoming policy decision is highly anticipated.
Indian rupee strengthens marginally to 83.717 per US dollar
The Indian rupee strengthened marginally and closed at 83.717 on Thursday versus the US dollar as the dollar index strengthened, but a likely intervention from the Reserve Bank capped weakness in the currency.
Load More
