Rupee trades in narrow range against US dollar in morning trade
Forex traders said there has been significant foreign fund outflows and crude oil prices have surged by nearly 10 per cent, fueled by Hurricane Milton’s impact on US production along with the tensions in the Middle East between Israel and Iran.
RBI asks banks to avoid aggressive bets against rupee: Report
RBI informally communicated the instructions to bankers via phone calls on Monday with the rupee at risk of breaching its record low of 83.9850 per U.S. dollar, the sources said
India's forex reserves jump $12.588 billion to hit record high of $704.885 billion
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark
Rupee settles 3 paise lower at 83.82 against US dollar in range-bound trade
However, crude oil prices sliding to near $70 per barrel helped the local unit resist a steep fall, forex traders said.
India, Myanmar discuss ways to promote trade through local currencies
The issue was discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Kan Zaw, Myanmar's Minister of Investment and Foreign Economic Relations, on the sidelines of the 12th East Asia Summit Economic Ministers' Meeting at Vientiane, Laos.
A new currency tries to defy conventional wisdom
The world’s newest currency, Caribbean Guilder, is the outcome of a currency union between two countries with different economic structures and a sharp disparity in income. The underlying economic conditions are far removed from the ideal scenario for such a union. The journey of the Caribbean Guilder will be followed with interest
Dollar pinned down by 50 bp Fed cut bets
The euro rallied overnight to $1.1138 and traded around there early in the Asia session, not far from the year's high against the dollar of $1.1201.
Currencies listless as markets waffle over Fed rate cut
The dollar was flat at 140.86 yen, near where it finished last week and close to the 140.285 end-December low it struck on Friday. It fell 1.3% on the yen last week.
Yen rally is a lesson in the lost art of FX intervention
Japan stepped in at key moments, showing that governments do have agency even when battling huge markets
Dollar drops, gold near record high as bets for big Fed cut ramp up
The dollar dropped 0.42% to 141.22 yen as of 0020 GMT, heading back towards Wednesday's low at 140.71, the weakest level this year. Gold hovered just below Thursday's all-time high of $2,560.01, last changing hands at $2,558.55.
Dollar firm as inflation data douse bets for big Fed rate cut
The dollar gained against the yen, following a turbulent session on Wednesday that saw the U.S. currency plunge as much as 1.24% to the lowest this year before recovering all its losses after the consumer price data
Rupee rises 2 paise to settle at 83.95 against US dollar
Negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains
Dollar wallows at one-week low as payrolls test looms large
The dollar index, which gauges the currency against a basket of six key counterparts, was steady at 101.03 as of 0015 GMT, after slipping about 0.2% overnight and touching 100.96 for the first time since Aug. 29. For the week, it has dropped close to 0.7%
The US Federal Reserve is containing Yuan bears. That’s ironic
The Chinese currency’s gains are notable because economic prospects have deteriorated
Rupee falls 5 paise to end at 83.96 against dollar on strong greenback, weak shares
Lower crude oil prices in international markets helped arrest the decline in the local unit, forex traders said
Rupee falls 7 paise to 83.92 against US dollar on weak macro data
Easing crude oil prices and weakness of the American currency in the overseas market supported the local unit and restricted further slide.
Global Currencies: King dollar's softening is good news for nearly everyone
Economies in Europe, Asia and emerging markets will all benefit as the Fed’s new interest-rate story takes hold
Rupee falls 5 paise to close at 83.92 against US dollar
Forex traders said the rupee is likely to remain within a narrow range as the RBI has been actively intervening in the market, consistently absorbing inflows
Dollar slips as traders weigh Middle East risks, US rate cuts
Imminent US rate cuts also remained at the top of investors' minds and further pressured the greenback, though currencies were mostly rangebound on the lack of major news in the Asian session
Rupee settles on flat note, closes 1 paisa higher at 83.89 against US dollar
Forex traders said the Indian rupee gained in morning trade on rise in domestic markets and a weak US Dollar. However, a surge in crude oil prices capped sharp gains for the local unit.
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed's dovish shift
The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation signaling a less aggressive stance on interest rate cuts than the Fed.
Rupee rises 4 paise to close at 83.89 against US dollar, Powell speech in focus
Weak US Dollar, foreign fund inflows and a positive tone in the domestic markets supported the rupee. However, overnight gains in crude oil prices capped sharp gains.
Dollar steady ahead of Fed chair Powell's speech; BOJ guv Ueda aims to calm market nerves
The spotlight will be on the central bankers on Friday, first on BOJ Governor Ueda who is in Japan's parliament to discuss the surprise decision to hike interest rates last month that rattled investors and sent the yen soaring.
Rupee ends lower at 83.94 against US dollar on greenback demand, outflows
Traders will now take cues from the weekly unemployment claims, existing home sales and PMI data from the US.
