Moneycontrol PRO
HomeNewsGreenback

Greenback

Jump to
  • Sabse bada rupaiyya: Six countries you should visit to take advantage of strong rupee

    Rupee on Monday closed near 17-month high and its performance has blown a lot of currencies out of the water, including the king: the US dollar. With the Indian currency gaining strength, tourists will have to shell out less for travel and this looks like an ideal time to plan a foreign holiday.

  • China‘s offshore yuan surges most against dollar in a year

    China‘s offshore yuan surges most against dollar in a year

    On Thursday, dollar was fetching 6.8863 yuan at 11:09 a.m. HK/SIN in offshore trade. The pair had fallen as low as 6.8648 around 9:00 a.m. HK/SIN. On Wednesday, the dollar/yuan pair had its largest drop in a year in the offshore market, falling from as high as 6.9688 to as low as 6.8658.

  • RBI net buyer of greenback in August; snaps up $850 mn

    RBI net buyer of greenback in August; snaps up $850 mn

    The central bank bought USD 5.070 billion from the spot market and sold USD 4.220 billion in the reporting month - making it a net buyer of USD 850 million, RBI said in its monthly bulletin released today.

  • Don't jump on the dollar bandwagon, just yet

    Don't jump on the dollar bandwagon, just yet

    The US dollar index (USD) is poised to end 2015 with a more than 9 percent increase as expectations for the Federal Reserve to begin a tightening cycle boosted buying in the months leading up to the central bank's historic December meeting.

  • China's basket case: Renewed depreciation or reform?

    China's basket case: Renewed depreciation or reform?

    Late on Friday, the China Foreign Exchange Trade System (CFETS), a sub-institutional organization of the People's Bank of China (PBOC), introduced a new exchange rate index that will see the yuan (CNY), or renminbi, valued against a basket of 13 trade-weighted currencies.

  • Rupee pares losses, still down 5 paise vs USD

    Rupee pares losses, still down 5 paise vs USD

    The rupee resumed lower by 66.80 per dollar from yesterday's closing level of 66.71 at the Interbank Foreign Exchange Market.

  • Rupee tumbles 31 paise to over 2-yr low at 65.31 against $

    Rupee tumbles 31 paise to over 2-yr low at 65.31 against $

    Sluggish trade data amid highly volatile global currency market sentiment in the aftermath of China's yuan devaluation predominantly weighed on trade, forex dealers said. Besides, fresh bouts of selling in local equities added pressure on the local currency.

  • Rupee surges 30 paise vs USD; rises to 2-week high at 63.74

    Rupee surges 30 paise vs USD; rises to 2-week high at 63.74

    Fresh foreign capital inflows into equity market also boosted the rupee value against the dollar, a forex dealer said. They bought shares worth Rs 350.41 crore yesterday as per the provisional figure issued by stock exchanges.

  • Rupee likely at 64.5/$ for short-term: Macquarie

    Rupee likely at 64.5/$ for short-term: Macquarie

    While the year so-far has not fared very well for the Indian rupee, Nizam Idris, head-EM Forex Strategy, Macquarie, says the rupee may see levels of 63.5 against the dollar by Q3.

  • Dollar could be getting ready to roar

    Dollar could be getting ready to roar

    After a two-month hiatus, the dollar rally looks set to resume and it could be powerful.

  • Rupee to be among best performing EM currencies: HSBC

    Rupee to be among best performing EM currencies: HSBC

    The rupee, Dominic Bunning, associate - FX Strategy, HSBC, says is expected to be one of the bet performers in the emerging market (EM) basket.

  • What happened to a weak yen?

    What happened to a weak yen?

    Analysts say the trend for a weaker yen, which is down roughly 13 percent versus the dollar so far this year, remains intact given the outlook for continued aggressive monetary easing in Japan.

  • Forex experts see rupee gaining this week

    Forex experts see rupee gaining this week

    The optimism stems from the reduced volatility in the market since the RBI intervention, though the rupee ended the week beginning Tuesday with a loss of 4 paise at 59.35 to the greenback.

  • Hard to predict when rupee-USD rate will stabilise: RBI

    Hard to predict when rupee-USD rate will stabilise: RBI

    On the back of the free falling rupee against the US dollar, the Reserve Bank of India (RBI) is expected to contain the rate of inflation with top priority. However, the inflation has come off sequentially, though not reached the central bank‘s comfort zone.

  • RBI issues draft guidelines to hike provns on unhedged cos

    RBI issues draft guidelines to hike provns on unhedged cos

    RBI proposed to slap incremental provisions and capital requirements on banks, which lend to corporates having unhedged foreign currency exposures. In the wake of increased exchange rate volatility, some Indian companies are likely to incur losses due to their un-hedged foreign currency exposures.

  • Will RBI credit policy reduce CRR by 25 bps?

    Will RBI credit policy reduce CRR by 25 bps?

    The Reserve Bank of India (RBI) is unlikely to reduce the policy (repo) rate in its mid quarter monetary policy to be announced on June 17. The depreciating rupee would be the key trigger behind such action. The fear of imported inflation may resist the central bank from taking any dovish stance.

  • Has a new era dawned for Greenback?

    Has a new era dawned for Greenback?

    The dollar index, a measure of the dollar's value against currencies of the United States' major trading partners, last week hit its highest level in almost three years at 84.50. It held near that peak on Wednesday, a day after strong US data lifted the blue-chip Dow Jones Industrial Average to a record high.

  • World stocks gain on China data

    World stocks gain on China data

    The yen rallied on Tuesday, snapping a three-day decline against the dollar and euro as it neared 100 to the dollar, while a fall in Chinese inflation and expectations for modest growth in U.S. corporate earnings helped stocks.

  • Mecklai graph of the day - Performance of Greenback

    Mecklai graph of the day - Performance of Greenback

    Mecklai graph of the day - Last week, US dollar weakened across the board amid poor economic batch of data that released during the week and strength in equities due to better corporate earnings.

  • Re hits all-time low of 52.84/85 against dollar

    Re hits all-time low of 52.84/85 against dollar

    The Indian rupee today hit its lifetime low of 52.84/85 against the dollar as demand for the US currency soared amid signs of FIIs pulling out money in the wake negative growth in industrial production in October.

  • 'Abroad' just got costlier. Here's how it will hit you

    'Abroad' just got costlier. Here's how it will hit you

    The rupee has been hogging all the headlines this week. On Tuesday, it broke past its previous all-time low of 52.19 against the dollar to hit 52.72, a new lifetime low.

  • The dollar index is the devil: Sushil Kedia

    The dollar index is the devil: Sushil Kedia

    Sushil Kedia of ATMA joins CNBC-TV18 to give his perspective on the technical charts for the market today.

  • Rupee slumps to 5-wk low on equities rout, euro fall

    Rupee slumps to 5-wk low on equities rout, euro fall

    The rupee dived to its lowest in over 5 weeks as the slump in global equities was mirrored in local shares, sparking fears of foreign fund outflows.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347