Latest Updates Around The World
The rupee witnessed high volatility in early trade on Wednesday as support from falling crude oil prices was offset by uncertainty over the India-US trade deal and continued foreign fund outflows. Forex traders said the main cause of the rupee’s weakness in December was persistent FPI selling in both the equity and debt markets, with […]
The recovery was aided by US dollar weakness in global markets and reported intervention by the RBI The rupee opened above 90 against the dollar level for the first time on Thursday, but recovered to close below this level. The Indian unit opened at 90.3650 per US dollar (USD) and touched an intraday high/low of […]
The dollar was on track for its best week in more than a month on Friday as investors bet the Federal Reserve is unlikely to cut interest rates next month, with the case for further easing made no clearer by a confusing US jobs report. The yen briefly shot higher on Friday after Japanese Finance […]
The rupee consolidated within a narrow range and settled 6 paise lower at 88.68 (provisional) against the US dollar on Thursday as foreign fund outflows and continued demand for dollars from local importers, including oil companies, put pressure on the local currency.Forex traders said the rupee is trading in a tight range as overnight decline […]
The Indian rupee remained within a narrow range of its all-time lows on Monday after a broadly softer dollar amid improved risk appetite globally provided little comfort for the currency in the face of continued interbank demand for dollars.The rupee closed at 88.6975 against the US dollar, down marginally from the previous close of 88.66. […]
The rupee recovered from record lows to settle with a gain of 11 paise at 88.66 (provisional) against the US dollar on Tuesday, boosted by falling crude oil prices abroad. Forex traders said a strong dollar, foreign fund outflows and subdued domestic stock markets prevented a sharp rise in the Indian currency. At the interbank […]
The dollar strengthened to a nearly three-month high on Monday as investors awaited the release of data this week to gauge the health of the US economy and whether it could change the Federal Reserve’s hawkish stance. The yen languished near an 8.5-month low, pressured by wide interest rate differentials between the US and Japan. […]
Gold prices rose on Wednesday as bargain hunters intervened after the precious metal fell to its lowest level in three weeks in the previous session, with investors now awaiting the Federal Reserve’s interest rate decision later in the day. RAW MATERIALS * Spot gold rose 0.7% to $3,977.49 an ounce as of 0114 GMT, after […]
The U.S. dollar hovered near one-week lows against major peers on Wednesday, ahead of a widely expected Federal Reserve interest rate cut later in the day. The dollar lost further ground against the Japanese yen after US Treasury Secretary Scott Bessent indicated the new Japanese government is open to interest rate hikes by the Bank […]
The rupee devalued by 12 paise to hit an all-time low of 88.80 (provisional) against the US dollar again on Tuesday, pressured by negative domestic equities and overnight gains in the US currency. Forex traders said the outflow of foreign funds in a risk-avoidance situation has further dented investor sentiment globally. However, a decline in […]
