Latest Updates Around The World
U.S. gold futures for December rose 0.4% to $4,010 an ounce. Gold held steady on Monday, held in check by a strong dollar, as investors reversed bets on further Federal Reserve rate cuts in the near term, while easing trade tensions between the US and China also limited demand for the precious metal. Spot gold […]
The Indian rupee fell on Friday but managed to stay above all-time lows thanks to periodic dollar sales by state-owned banks, which also helped the currency end the month quietly. The rupee had risen to a peak of 87.6250 earlier this month following a central bank crackdown, but has since lost those gains and is […]
The rupee traded within a narrow range against the US dollar in early trade on Wednesday after support from positive domestic equities was offset by month-end dollar demand. Forex traders said the major factors affecting the rupee are geopolitical developments. Moreover, the Reserve Bank of India has also intervened on both the buying and selling […]
The rupee struggled to hold course on Thursday, stuck in a narrow range before ending marginally higher as inflows into local equities and selling of dollars by state-owned banks offset importers’ demand for the US currency for hedging. The rupee had opened higher at 87.8325 per US dollar, supported by a media report that Washington […]
The rupee rose 9 paise to 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in domestic stock markets lent further support to local unity, according to forex traders. At the interbank forex market, the rupee opened at 87.94 against the US dollar and […]
The rupee closed at 87.975 per US dollar on October 17 (Friday), compared to last Friday’s close of 88.6850, amid dollar weakness, softer crude oil prices and hopes of a positive outcome from US-India tariff talks. The rupee, which gained 71 paise last week, could get further support on potential inflows of $3 billion from […]
The rupee pared initial gains to close 7 paise lower at 88.03 (provisional) against the US dollar on Friday, weighed down by trade tensions and global uncertainties. Forex traders said renewed foreign fund inflows and lower crude oil prices further boosted investor sentiment and limited the downside. At the interbank forex market, the rupee opened […]
SINGAPORE: The US dollar recovered from a sell-off in early trade on Monday as investors hoped Washington could temper the latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and yen. The dollar index, which measures the greenback’s strength against a basket of six currencies, rose […]
The rupee appreciated 10 paise to close at 88.69 (provisional) against the US dollar on Friday, thanks to strength in domestic markets and general weakness in crude oil prices. Forex traders said the rupee rose on strong domestic markets and a decline in commodity prices. Central bank intervention also supported the domestic currency. However, a […]
