Page 23 - Us Dollar
Rupee rallies 29 paise to end at nearly 12-week high on dollar inflows
The rupee strengthened further by 29 paise to close at a nearly 12-week high of 73.00 against the US dollar on Tuesday, marking its fourth straight session of gain
 "Rupee rallies 29 paise to end at nearly 12-week high on dollar inflows")
Gold prices gain, propped up by sluggish dollar; US jobs data in focus
Gold prices gained, propped up by a sluggish dollar, with investors looking ahead to US non-farm payrolls data which could be the key to the US Federal Reserve's stimulus-tapering decision
 "Gold prices gain, propped up by sluggish dollar; US jobs data in focus")
Rupee rallies 40 paise to close at 73.29 against US dollar
The rupee surged by 40 paise to close at 73.29 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency.
Foreign exchange reserves drop by $2.47 billion to $616.895 billion
Gold reserves were up by USD 913 million to USD 37.249 billion in the reporting week, the data showed.
 "Foreign exchange reserves drop by $2.47 billion to $616.895 billion")
Indian rupee posts best week in 4 months ahead of Jackson Hole speech
In the domestic bond market, the benchmark 10-year bond yield ended steady on the day but rose 2 bps on the week.
 "Indian rupee posts best week in 4 months ahead of Jackson Hole speech")
Rupee closes at a 2-month high, below 74 for first time since June 18
Supported by a firm trend in domestic equities ahead of the key speech from US Federal Reserve Chair Jerome Powell
 "Rupee closes at a 2-month high, below 74 for first time since June 18")
Rupee inches 2 paise higher to close at 74.22 against US dollar
The rupee eked out a marginal 2 paise gain to close at 74.22 (provisional) against the US dollar on Thursday amid a muted trend in domestic equities. Traders said the domestic unit is trading in a narrow range as investors are awaiting cues from the key speech from US Federal Reserve Chair Jerome Powell on Friday. Moreover, a strong dollar in the overseas markets and rising crude prices weighed on the investor sentiment, forex traders said. At the interbank forex market, the local unit opened at 74.22 against the greenback and moved in a range of 74.11 to 74.27 in the day trade. It finally ended at 74.22 against the American currency, registering a rise of 2 paise over its previous close. On the domestic equity market front, the BSE Sensex ended 4.89 points or 0.01 per cent higher at 55,949.10, while the broader NSE Nifty advanced 2.25 points or 0.01 per cent to 16,636.90. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose
Gold eases as dollar halts slide, focus on Jackson Hole
Gold jumped 1.4% on Monday to the highest in nearly three weeks, driven by a broad retreat in the dollar this week
 "Gold eases as dollar halts slide, focus on Jackson Hole")
Dollar dips after last week's climb as Fed doubts resurface
Riskier currencies, including the Aussie, Norwegian crown and the Canadian dollar were among the major beneficiaries of a weaker dollar in quiet London trading, rising more than 0.5% each
 "Dollar dips after last week's climb as Fed doubts resurface")
Oil prices snap seven-day losing streak, helped by weaker dollar
Brent crude climbed $1.23, or 1.9%, to $66.41 a barrel by 0701 GMT, after dipping to $64.60 earlier in the session, its lowest level since May 21
 "Oil prices snap seven-day losing streak, helped by weaker dollar")
US dollar pauses after biggest weekly rise in over two months
The primary source for investor concern is the global prominence of the Delta coronavirus variant which is set to weigh on European manufacturing survey data due shortly.
 "US dollar pauses after biggest weekly rise in over two months")
Stocks tumble, dollar climbs as taper and virus fears spook markets
Stocks stumbled, global bond yields fell and the dollar hit a nine-month peak on Thursday as a double-whammy of Fed taper fears and Covid worries haunted equity markets
 "Stocks tumble, dollar climbs as taper and virus fears spook markets")
Afghanistan low on dollars with currency reserves stuck abroad
Reserves total $9 bn, mostly held at US Fed, says Ajmal Ahmady, who led the central bank until the capture of Kabul
 "Afghanistan low on dollars with currency reserves stuck abroad")
How the ounce-of-gold promise US broke is playing out 50 years on
The 1980s then saw the growth of what is called financialisation where firms make money by trading in money rather than goods and services
 "How the ounce-of-gold promise US broke is playing out 50 years on")
US Fed's reverse-repo facility usage up to record $1.08 trillion
The amount of cash investors are parking at a major Federal Reserve facility surged above $1 trillion once again amid an overabundance of US dollars
 "US Fed's reverse-repo facility usage up to record $1.08 trillion")
Dollar hits 4-month high against euro on Federal Reserve's taper talk
The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.
Rupee snaps 5-day winning streak, drops 11 paise against US dollar
Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency
Oil slides on China's travel curbs amid Covid-19, strengthening US dollar
MELBOURNE (Reuters) - Oil prices fell nearly 2% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new pandemic curbs in Asia, especially China, may set back the global recovery in fuel demand.
 "Oil slides on China's travel curbs amid Covid-19, strengthening US dollar")
China's July foreign exchange reserves rise to $3.236 trillion
China held 62.64 million fine troy ounces of gold at the end of July, from 62.64 million ounces at the end-June.
 "China's July foreign exchange reserves rise to $3.236 trillion")
Rupee gains for 5th straight session to settle at 74.15 against US dollar
On Thursday, the rupee had settled at 74.17 against the US dollar.
