The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from US Federal Reserve Chair Jerome Powell
The dollar index, which measures the greenback against six peers, dipped 0.1% to 98.222
The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.
NEW YORK (Reuters) - The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.
By Bharat Gautam
The US dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve's monetary policy outlook
The move comes two months after the same judge imposed a travel ban and froze some assets of the central bank governor, Riad Salameh, 71, who is accused of corruption
The dollar index, which measures the greenback's strength against six trading currencies, was down 0.5% at 97.997 and hit its lowest in a week
The dollar and Treasury yields eased a day after the Federal Reserve raised interest rates by a quarter percentage point, with investors having priced in an even stronger rate hike
The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling $771 million in the spot market.
The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness.
The dollar fell on Wednesday after the U.S. Federal Reserve moved to a hawkish monetary policy but without delivering a tougher surprise that might have added to its weeks-long momentum
The rupee spurted by 41 paise to close at a nearly two-week high against the US dollar on Wednesday, tracking positive domestic equities and Asian currencies ahead of the US Federal Reserve's decision on interest rate hike. FII inflows into capital markets and crude oil prices retreating to USD 99 per barrel level boosted the rupee sentiment, forex traders said. At the interbank forex market, the local unit opened strong at 76.40 against the greenback and witnessed an intra-day high of 76.19 and a low of 76.44. The rupee settled at 76.21, registering a rise of 41 paise over its previous close of 76.62. "Rupee appreciated against US dollar taking cues from stronger Asian currencies and risk-on moods. Forex markets are little tepid ahead of Wednesday's Fed decision while US 10-year bond yields retraced after touching 2.20 per cent, the highest level since 2019," said Dilip Parmar, Research Analyst, HDFC Securities. The US Federal Reserve likely to raise rates by 25bps, as well as ..
The dollar traded near a five-year high against the yen on Wednesday as investors awaited a Federal Reserve policy decision, with the Ukraine war and China's surging Covid-19 cases as the backdrop
Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia-Ukraine, while US Treasury yields hit two-and-a-half year highs
The dollar hit a five-year high against the yen on Monday, as traders braced for the U.S. Federal Reserve to begin hiking rates, while reckoning the Bank of Japan remains dovish
The Australian and New Zealand dollars slipped on Monday as hints of progress in Russian-Ukraine talks saw global commodity prices come off the boil, while US dollar looks forward to rate hikes
The rupee advanced 16 paise to 76.27 against the US dollar in the opening trade on Friday, supported by positive domestic equities and a pullback in crude oil prices.
The dollar hit a new five-year high on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own as a hawkish turn from the European Central Bank was offset by g
The euro retreated from its overnight gains on Thursday following the European Central Bank's announcement it will phase out its stimulus in the third quarter