Page 30 - Us Dollar

Gold prices hit 7-week high on weak dollar, lower bond yields

Gold prices hit 7-week high on weak dollar, lower bond yields

Forex reserves surge by $4.34 billion to $581.21 billion: RBI data

This comes after it declined for two consecutive quarters

Rupee zooms 58 paise to settle at 74.35 against US dollar amid equity gains

Improving risk appetite also helped

Rupee gains 12 paise to close at 74.93 against US dollar amid equity gains

Easing crude oil prices helped too

Asian shares slip dragged down by Chinese stocks, dollar at one-month lows

Futures for Eurostoxx 50 and Germany's DAX started in negative territory

Gold retreats on firm dollar, yields; United States inflation data eyed

A stronger dollar pressures gold as the metal becomes expensive for buyers outside the United States

Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020

The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year

Rupee drops by 12 paise to Rs 73.42 against US dollar on Covid worries

The rupee pared its initial gains to close down by 12 paise at 73.42 against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states may hurt the economic recovery. Investors were also cautious ahead of the RBI policy statement to be released on Wednesday. Besides, gains in crude prices and a stronger dollar overseas weighed on the rupee sentiment. "Rupee continued to trade in a narrow range for the third successive session despite volatility in domestic equities. Market participants remain cautious ahead of the important RBI policy statement that will be released on Wednesday," Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services, said. The expectation is that the central bank could keep rates unchanged but commentary will be keenly watched that could trigger volatility for the currency, Somaiyaa said. "We expect the USDINR (Spot) to trade sideways with a positive bias and quote in the range of 73.20 and ..

Gold price hits more than one-week peak as dollar and yields slip

Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-haven metal

Rupee falls by 18 paise to close at Rs 73.30 against the US dollar

The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases

Gold prices slip as strong US jobs data boosts dollar, bond yields

Spot gold was down 0.1% to $1,726.36 per ounce by 0733 GMT. Gold futures were flat at $11,762.40 per ounce

Gold rebounds from three-week low as dollar rally pauses, yields ease

Gold bounced back from a three-week low hit in the previous session, as the US dollar and Treasury yields eased, while President Biden's $2 trillion-plus jobs plan further supported the metal's appeal

Gold set for worst quarter since 2016-end on robust dollar, yields

Gold prices fell to their lowest in more than three weeks as elevated US Treasury yields and a rising dollar kept the metal on track for its biggest quarterly drop in over four years

Rupee falls 20 paise to 73.58 against the US dollar in early trade

The Indian rupee slumped 20 paise to 73.58 against the US dollar in opening trade on Wednesday, weighed down by the strength of the greenback and weak domestic equities

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

Rupee slumps 34 paise to 72.85 against the US dollar in early trade

The Indian rupee slumped 34 paise to 72.85 against the US dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment

Gold prices hover near 2-week low as US dollar rallies on economic recovery

Gold prices slipped on Tuesday, around a more than two-week low hit in the previous session, pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery

Gold dips as firmer dollar, global economic recovery hopes boost markets

The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies

Rupee slips 12 paise to close at 72.55 against USD amid selloff in equities

Rupee was weighed down by a massive selloff in domestic equities and spike in global crude oil prices

Dollar dominates as hedge funds cut shorts on Treasury yield rise

Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.