Pharma stocks soar as investors turn to defensive bets; dollar index inches towards 97 mark
With U.S. markets closed for Thanksgiving, focus was trained on Europe
The Indian rupee depreciated by 15 paise to 74.55 against the US dollar in opening trade on Thursday, as a muted trend in domestic equities and a firm American currency weighed on investor sentiment. At the interbank foreign exchange, the rupee opened on a weak note at 74.55, registering a decline of 15 paise from the last close. On Wednesday, the rupee had closed at 74.40 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 96.74. Global oil benchmark Brent crude futures advanced 0.09 per cent to USD 82.32 per barrel. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 5,122.65 crore, as per exchange data. On the domestic equity market front, the 30-share Sensex was trading 15.74 points or 0.03 per cent lower at 58,325.25, while the broader NSE Nifty declined 30.10 points or 0.17 per cent to 17,384.95. The Indian rupee
TOKYO (Reuters) - The U.S. dollar traded at its highest in over a year to the euro and near a five-year high against the yen as a hawkish tilt by Federal Reserve policymakers, buoyed by strong U.S. data, contrasted to more dovish monetary outlooks in Europe and Japan.
The Indian rupee depreciated by 12 paise to 74.54 against the US dollar in opening trade on Wednesday, tracking stronger American currency in the overseas market.
The euro held just above a 16-month trough at $1.1238, having found a measure of support from stronger-than-expected European business survey
The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment
The dollar set a 16-month high against the euro after Federal Reserve Chair Jerome Powell was nominated for a second term by President Biden
Nasdaq closed at a new record high Friday, but blue-chip US stocks and oil sank amid renewed concerns about COVID-19 that boosted safe havens like the dollar
The dollar index, which tracks the dollar against a basket of six major currencies, was up 0.357% at 95.903, close to its 16-month high of 96.266 hit on Wednesday
The euro has been one of the biggest losers versus the greenback, set to fall around 1% this week
The dollar rose to its highest against the Japanese yen since March 2017 after U.S. data on Tuesday showed stronger-than-expected retail sales last month
The US dollar climbed to a 16-month high Monday while US stocks slipped in midday trading after a strong opening
The rupee strengthened by 7 paise to close at 74.45 (provisional) against the US dollar on Friday, as a firm trend in domestic equities boosted investor sentiments.
Analysts said the sharp rise in U.S. government bond yields, including the 30-year Treasury passing 1.5%, was behind the dollar's jump
Gold prices eased on Wednesday as the dollar firmed, with investors looking forward to key U.S. inflation data that could have a bearing on the Federal Reserve's next policy move.
The euro held steady against the dollar on Tuesday and most currency pairs were stuck as traders waited for U.S. inflation data later in the week and more speeches from central bank governors
Rupee traded strong as the Fed statement of not being so keen to increase rates early has put pressure on the dollar index, says an analyst
Nonfarm payrolls increased by 531,000 jobs last month as the surge in COVID-19 infections over the summer subsided
Investors will be closely watching fresh U.S. labour market data due later on Friday, which could sway the timing of Federal Reserve interest rate increases.