Page 24 - Us Dollar

Rupee gains for fourth straight session, settles at 74.17 against USD

The rupee settled for the day on a flat note and inched 2 paise higher to close at 74.17 (provisional) against the US currency, marking the fourth straight session of gains on Thursday.

World stocks off record peak, dollar up on hawkish US Fed official

The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in the previous session.

Rupee gains for 3rd straight session, settles at 74.19 against US Dollar

The rupee strengthened against the US currency for the third straight session on Wednesday, closing 9 paise higher at 74.19 (provisional) amid a rally in domestic equities. At the interbank forex market, the rupee opened at 74.16 and hit an intra-day high of 74.08 and a low of 74.24. It finally closed at 74.19, higher by 9 paise over its last close. On Tuesday, the rupee had settled at 74.28 against the US dollar. "It's another fairly slow day in terms of price action, rupee stayed right through the day and heads for the third consecutive daily gains. The reason behind the recent gain is the rally in domestic equities and inflows from series of IPOs this week," said Dilip Parmar, Research Analyst, HDFC Securities. Parmar further noted that all eyes will be on Friday's RBI's stance on liquidity management and outlook for coming quarters. "Technically, spot USDINR is expected to trade with negative bias and one should see levels of 74.10 and 73.90 in the coming days while any level

Rupee gains 6 paise to close at 74.28 against US dollar

The rupee rose by 6 paise to close at 74.28 (provisional) against the US dollar on Tuesday amid a firm trend in domestic equities and a weak American currency.

Rupee gains 8 paise to close at 74.34 against US dollar

The rupee gained 8 paise to close at 74.34 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency. Forex traders said the rupee is trading in a narrow range as investors are awaiting the RBI's monetary policy meeting outcome for further cues. At the interbank forex market, the local unit opened at 74.38 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.43. It finally ended at 74.34 against the American currency, registering a rise of 8 paise over its previous close. On Friday, the rupee had settled at 74.42 against the US dollar. "Despite rebound in manufacturing PMI activities, price action in forex markets remained dull as participants choose to wait and watch ahead of RBI's monetary policy scheduled on August 6," said Dilip Parmar, Research Analyst, HDFC Securities. India's manufacturing sector activities witnessed the strongest rate of growth in three months in July. The seasonally

US stocks slip on Amazon disappointing earning report, dollar bounces

US stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood

World stocks on course for sixth month of gains, dollar near 1-mth low

MSCI's World index was last down 0.3%, leaving it broadly flat on the week, but up 1.1% for the month, just shy of a record high.

Rupee slips 5 paise to close at 74.47 against USD amid weaker equities

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 92.76.

Rupee slips 4 paise to 74.44 against US dollar in early trade

The Indian rupee depreciated 4 paise to 74.44 against the US dollar in opening trade on Monday, as investors are awaiting cues from the US Fed's policy decision, due this week. At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then fell further to 74.44, registering a fall of 4 paise over its previous close. On Friday, the rupee had settled at 74.40 against the US dollar. "As markets brace up for the FED meeting on July 28, all currencies are consolidating in their respective small ranges," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. USD/INR is expected to keep a range of 74.30 to 74.70 for the day, Bhansali said, adding that "importers to buy cash near the lower end of the range while exporters to sell at the higher end". Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.05 per cent at 92.86. "Investors will be closely eyed to assess the timing of the

Dollar holds near multi-month highs as US Fed meeting in focus

TOKYO (Reuters) - The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering.

Rupee declines 12 paise to 74.58 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.58 against the US dollar in opening trade on Friday tracking a firm American currency

Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.

Pak currency falls by 64 paisa against US dollar on import payments' demand

Pakistan's currency has dropped by 64 paise against the dollar, owing to the high demand for import payments on the last day of the trading week

RBI remains net purchaser of US dollar in May; buys $5.84 billion

The Reserve Bank of India (RBI) remained net buyer of the US dollar in May 2021, after it net purchased USD 5.842 billion from the spot market, according to data from the central bank. In the reporting month, the RBI purchased USD 7.142 billion while sold USD 1.3 billion in the spot market, the monthly RBI bulletin for July 2021, released on Thursday, showed. In April this year, the RBI had net bought USD 4.212 billion. It had purchased USD 8.182 billion and sold USD 3.97 billion. In May last year, the RBI had net purchased USD 4.363 billion. During 2020-21, the central bank had net purchased USD 68.315 billion from the spot market. It had bought USD 162.479 billion from the spot market and sold USD 94.164 billion during the fiscal 2020-21, the data showed. In the forward dollar market, the outstanding net purchase at the end of May 2021 was USD 59.852 billion, compared with a net purchase of USD 64.944 billion in March 2021, the data showed.

Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB

Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility

Rupee strengthens 12 paise to 74.47 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.47 against the US dollar in early trade on Thursday, as a dovish US Fed pulled greenback lower

Rupee depreciates 12 paise to 74.61 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment

Rupee strengthens 14 paise to 74.44 against US dollar in early trade

The Indian rupee strengthened by 14 paise to 74.44 against the US dollar in early trade on Tuesday, tracking a firm trend in the domestic equity market