Latest Updates Around The World
The Indian rupee, already Asia’s worst performing currency in FY26, lost 50 paise on Monday as Iranian attacks on major West Asian energy assets caused crude oil prices to rise by around 10% despite pledges from major global exporters to modestly increase production.The rupee closed below 91 to the dollar for the first time in […]
Precious metals prices are expected to undergo further consolidation in the coming week, with volatility likely to persist as investors monitor key U.S. economic data including inflation figures, GDP figures and policy signals from the Federal Reserve, analysts said. Traders will also keep a close eye on U.S. labor data, along with minutes of Federal […]
Analysts say the zone between 89.80 and 90.00 has now emerged as a strong base of support for the rupee against the US dollar. The rupee may find near-term support in the wake of reaching a framework for an interim agreement on reciprocal and mutually beneficial trade between India and the US, with market experts […]
At the interbank foreign exchange market, the rupee opened at 90.35 and touched an early high of 90.26 and a low of 90.54 against the dollar. | Photo credit: FRANCIS MASCARENHAS The rupee fell 11 paise to 90.43 (provisional) against the US dollar on Wednesday after a sharp rally in the previous trading session following […]
A key tool used by the US central bank to stabilize global financial markets in times of crisis could be deployed by the Trump administration, Kenneth Rogoff, a former chief economist at the IMF, said when asked if that was a possibility.The Federal Reserve’s swap lines, which lend dollars to other central banks during periods […]
The US dollar continued to rise overnight on Thursday after President Donald Trump withdrew his threat to impose tariffs on some European NATO countries, proclaiming the framework of a deal with NATO over control of Greenland. That put the safe-haven Swiss franc on the back foot, retreating sharply from a three-week high, while gold fell […]
Trump’s threat of a 25 percent tariff on countries doing business with Iran is potentially negative for the local currency, as Iran is India’s top rice export destination. | Photo credit: Getty Images The dollar, which had been recovering since Christmas 2025, hit a roadblock on Monday. In the US, federal prosecutors have opened a […]
The Indian rupee rose against the US dollar on Tuesday, falling in three days as index rebalancing inflows and shortened dollar longs improved sentiment in thin year-end trading.The rupee ended 0.2% higher at 89.79 per dollar at 89.9325 after opening. The price remained within range all morning and had settled at 89.9750 on Monday. “The […]
According to a report by MUFG, a global financial group, the Indian rupee is expected to weaken further by 2026. In a report earlier this month, it predicted further weakness for the Indian rupee. It expects the Indian rupee to appreciate modestly above the 90 level in 2026, with a target of 90.80 by the […]
Major U.S. stock indexes closed around record highs on Friday, little changed since the start of a quiet post-Christmas trading session, as expectations of Federal Reserve rate cuts and the appeal of safe-haven assets pushed precious metals prices to record highs. Holidays kept markets closed in Australia, Hong Kong and most of Europe, but those […]
