US Dollar

LONDON (Reuters) - The U.S. dollar was little changed on Thursday, hovering above a one-month low, as minutes from the Federal Reserve's May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings.

The rupee started the session on a flat note against the US dollar on Tuesday amid a lacklustre trend in the domestic equity markets and persistent foreign capital outflows.

The rupee appreciated 7 paise to 77.49 against the US dollar in opening trade on Friday as crude oil prices retreated from the elevated levels.

The greenback hit a one-month low, while U.S. 10-year Treasury yields also edged lower as weakness in equities revived safe-haven demand for the debt

The dollar, a rival safe-haven asset to gold, has been falling broadly alongside a decline in Treasury yields from multi-year peaks, with aggressive easing by the Federal Reserve already priced in.

"Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes

Prices hit their highest since May 12 at $1,853.55 earlier in the session.

The rupee extended its losses and slumped 10 paise to close at a record low of 77.72 (provisional) against the US dollar on Thursday, weighed down by a negative trend in domestic equities and unabated foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback, and finally settled for the day at 77.72, down 10 paise over its previous close. During the trading session, the rupee touched an intra-day low of 77.76 and a high of 77.63. On Wednesday, the rupee declined by 18 paise to close at 77.6?2. "Rupee consolidated in a narrow range despite sharp sell-off in domestic and global equities. Dollar also retraced from higher levels after economic number released from the US came below estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.28 per cent lower at 103.51. Global oil ...

The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.

The rupee extended its losses and slipped 12 paise to 77.74 against the US dollar in early trade on Thursday, weighed down by a muted trend in domestic equities and unabated foreign fund outflows.

The Pakistani rupee touched a critical threshold of 200 in the open market against the US dollar during intraday trading after shedding Rs 2 on Wednesday, Geo News reported.

Dealers said major gains for the dollar were capped as the Reserve Bank of India is believed to have protected the 77.50 levels

The rupee declined by 17 paise to close at its fresh lifetime low of 77.61 against the US dollar amid foreign fund outflows and concerns over aggressive rate hikes by the US Federal Reserve

The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell. Crude oil prices also surged over 1 per cent, which weighed on the rupee. The local unit finally ended at its all-time low of 77.60, showing a loss of 16 paise over its previous close of 77.44. "The dollar index took support near 103.50 and the capital market witnessed profit booking from higher levels, sending rupee into weakness," said Jateen Trivedi, VP Research Analyst at LKP Securities. The US Fed chief asserted that the central bank would increase interest rates as high as needed to contain a spike in inflation which threatens the foundation of the economy. The dol

LONDON (Reuters) - The U.S. dollar bounced back on Wednesday, a day after its biggest daily loss in more than two months, as U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battles to rein in surging inflation.

The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as persistent foreign fund outflows weighed on investor sentiment.

Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.

Reserve Bank of India turned net seller of the US currency in March after it sold $ 20.101 billion on a net basis in the spot market, according to RBI's monthly bulletin for May 2022.

LONDON (Reuters) - The dollar eased for a third straight day on Tuesday as investors cautiously trimmed bets on a rally which sent the greenback to a two-decade high last week.

The Reserve Bank of India has beefed up its intervention in the currency market which slowed the pace of the fall