Page 6 - Us Dollar

Rupee advances 4 paise to 75.69 against US dollar in early trade

The rupee appreciated 4 paise to 75.69 against the US dollar in the opening trade on Wednesday, following a rally in domestic equities amid hopes of a breakthrough in Russia-Ukraine talks. A weak American currency in the international market also helped the local unit, forex traders said. However, surging global crude prices restricted the gains of the domestic currency, they added. At the interbank foreign exchange, the rupee opened strong at 75.65 against the US dollar but lost some ground to quote at 75.69, a rise of 4 paise over the last close. It was moving in a close range of 75.69 and 75.62 in the morning trade. In the previous session, the rupee had settled at 75.73 against the greenback. Meanwhile, global oil benchmark Brent crude futures surged 1.02 per cent to USD 111.35 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.24 per cent to 98.20. On the domestic equity market front, the 30-share Sensex was tr

Dollar eases, euro rises on hopes of progress in Ukraine peace talk

The dollar fell against a basket of peer currencies on Tuesday as reports of progress in peace talks between Russia and Ukraine lifted the euro

Gold prices remain steady on firm dollar, yields; Ukraine talks in focus

Spot gold was unchanged at $1,921.74 per ounce by 0723 GMT, having fallen as much as 2.1% on Monday

Euro rises as talks over Ukraine begin, modest yen rebound

The US dollar was slightly lower, just off its highest since May 2020, while the yen staged a modest rebound after crashing to its lowest level since August 2015 on Monday

Rupee advances 23 paise to 75.93 against US dollar in early trade

The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices.

Dollar hits 6-year high vs yen as BOJ moves against rising bond yields

The euro gained 1.27% to 135.895 yen, a four-year high.

Rupee rises by 8 paise to close to 76.16 against US dollar as oil declines

The rupee on Monday appreciated 8 paise to close at 76.16 against the US dollar following a fall in crude oil prices and gains in the domestic equities. A strengthening American currency overseas and concerns over renewed foreign capital outflows capped the gains in the domestic unit, forex traders said. At the interbank forex market, the local unit opened weak at 76.36 but entered positive territory later in the session. It witnessed an intra-day high of 76.15 and a low of 76.38. The rupee closed at 76.16, registering a rise of 8 paise over its previous close. In the previous session, the rupee had settled at 76.24 against the US dollar. "Rupee has been oscillating between 76 and 76.50 for the last six trading sessions. Even after a stronger dollar index, the rupee manages to add gains amid lower crude oil prices, higher equities and corporates dollar selling. "The fate of the rupee will be decided by the price action of crude oil and risk sentiments. Spot USD/INR is expected to

Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide

Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent

Russia's Gazprom seeks gas payments in euros from GAIL India: Report

Gazprom has asked GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency

How is Sri Lanka's economic crisis affecting India?

Refugees from Sri Lanka are trickling in on India's southern shores. The effect of Sri Lanka's economic crisis is now being felt in India too. Find out how its economic condition is hitting India too

India's GAIL continues to pay for Russian LNG imports in US dollar

GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom

Euro edges higher as focus on Ukraine, yen rebounds vs dollar

The euro was edging higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range

Rupee advanes 18 paise to 76.15 against US dollar in early trade

The rupee advanced 18 paise to 76.15 against the US dollar in the opening trade on Friday, tracking the weakness of the American currency in the overseas market.

US dollar's dominance is being stealthily eroded, says IMF report

Reserve managers have moved out of dollars in two directions, with one quarter headed into the renminbi and three quarters into currencies of smaller countries

US dollar strengthens as data supports bigger Fed rate hikes

Weekly initial jobless claims fell to a seasonally adjusted 187,000 last week, the lowest level since September 1969 and below the 212,000 forecast

Dollar firms on hawkish Fed remarks, yen hits lowest since 2015

Equity markets were volatile, struggling to make gains in the Asian session, after more hawkish comments from the U.S. Federal Reserve made investors more cautious

Rupee trades in narrow range against US dollar in early session

The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.

China's yuan touches nine-day low as more pressure seen on yield gap

China's yuan touched its lowest level in more than a week against the US dollar as a narrowing yield gap and traders' concerns over the impact of the Ukraine crisis weighed

Dollar climbs, euro dips, as Biden brings sanctions plan to Europe

The dollar climbed while the euro weakened as oil prices shot higher again with Biden poised to announce, alongside European leaders, new sanctions against Russia during his trip to Europe.

Rupee declines 28 paise to 76.46 against US dollar in early trade

The rupee declined 28 paise to 76.46 against the US dollar in opening trade on Tuesday, following a negative trend in domestic equities amid heightened concerns over global oil supplies.