Forex News
Rupee inches higher by 8 paise to 74.79 against US dollar in early trade
Currencies wait for RBA to kick off big central bank week
Rupee pares initial losses to close flat at 74.87 against dollar
Rupee slips 16 paise to 75.04 against US dollar in early trade- Dollar holds firm as Fed decision looms; yen dips on LDP victory
- IMF advises RBI against excessive forex interventions
- Rupee inches higher by 4 paise to end at 74.88 against US dollar
- Rupee rises 15 paise against US dollar in early trade
- Dollar wallows near one-month low as strong euro, stock rally weigh
- Rupee gains 11 paise to end at 74.92 against US dollar
- Rupee opens 8 paise higher vs dollar as crude falls
Rupee slips 16 paise to 75.04 against US dollar in early trade
Dollar holds firm as Fed decision looms; yen dips on LDP victory
IMF advises RBI against excessive forex interventions
Rupee inches higher by 4 paise to end at 74.88 against US dollar
Rupee rises 15 paise against US dollar in early trade
Dollar wallows near one-month low as strong euro, stock rally weigh
Rupee gains 11 paise to end at 74.92 against US dollar
Rupee opens 8 paise higher vs dollar as crude falls
Rupee slips 6 paise versus dollar as oil hits fresh multi-year highs
The rupee started the day at 74.9850 versus the US dollar as against the previous close of 74.9575 against the greenback. The domestic currency, which was last at 74.98 weakened to a low of 75.0150 against the American currency.
Yen subdued, Aussie firm on improved sentiment before central bank meetings
The Japanese currency was also hampered by expectations that the Bank of Japan (BOJ) will signal a strong commitment to maintaining its easy monetary settings this week even as many other central banks around the world look to tighten their policy to stem inflation.
Rupee recovers 12 paise to end at 74.96 against US dollar
At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade. It finally ended at 74.96 against the American currency.
Rupee inches 5 paise higher to 75.03 against US dollar in early trade
On Monday, the rupee shed 19 paise as elevated crude oil prices prompted public sector banks to purchase the greenback on behalf of oil marketing entities, dealers said.
Dollar steadies as traders look to central banks for guidance
The dollar has bounced off recent lows and was firm in choppy trade on Tuesday ahead of a handful of data releases and central bank meetings which investors expect to guide the rates outlook. The euro fell 0.3% overnight on softer-than-forecast German business morale and expectations that the European Central Bank (ECB) will stay dovish when it meets on Thursday.
Rupee settles 18 paise lower at 75.08 against US dollar
At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade.
Forex reserves up by USD 1.492 billion to USD 641 billion
India's foreign exchange reserves rose to $641.01 billion as of October 15, compared with $639.52 billion a week earlier, the Reserve Bank of India (RBI) said
Rupee falls ahead of key US data; lack of OMO disappoints gilts; MPC minutes eyed
The rupee on Friday settled at 74.89/$1 as against 74.8600 per US dollar on Thursday. The partially convertible rupee had started the day at 74.81/$1 and then moved in a range of 74.69/$1 to 74.94/$1.
Dollar higher on upbeat US data but set for weekly losses
The dollar was firmer early on Friday, helped higher by upbeat economic data though was headed for its second week of declines while commodities currencies slipped as traders rejigged their positions after this week's brisk rally.
Rupee ends steady after surge; gilts gain on hope of RBI support
Dealers said that trade volumes were on the lower side after a recent bout of volatility and as market players were not keen to take large bets ahead of key events lined up over the near term including the US Federal Reserve’s next monetary policy statement on November 3.
Commodity currencies at multi-month highs, sterling firm on BoE rate hike bets
Commodity currencies stood near multi-month highs on Thursday on strong raw material prices while the improved risk mood saw the U.S. dollar losing earlier momentum built from expectations the Federal Reserve would tighten monetary policy.
An ‘active’ RBI may get more yields out of forex assets
In its latest annual report, the central bank said that its agenda for 2021-22 was to "Continue to explore new asset classes, new jurisdictions/ markets for deployment of foreign currency assets (FCA) for portfolio diversification and in the process tap advice from external experts, if required"
Yen skids to four-year low as stocks rally with Treasury yields
US bonds drove currencies on Wednesday, with a rise in long-term rates pushing the dollar to an almost four-year high on the yen, but a decline in shorter-dated yields putting it on the back foot against most other major peers. The dollar and yen were also under pressure from a global equity rally that sapped demand for assets regarded as safe havens.
Dollar softens amid bets other central banks to outpace Fed tightening
The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak U.S. factory data overnight and on market wagers of faster normalisation of monetary policy in other countries. The dollar index, which measures the greenback against six peers, weakened 0.05% to 93.894 from Monday. It has oscillated for the past three weeks between 93.671 and the one-year high of 94.563, reached last Tuesday.
Gilts suffer on high oil prices but rupee steady
So far this month, the rupee has depreciated around 1.5 per cent versus the US dollar.
Dollar wavering as global inflation surges
The dollar made a wobbly start to the week on Monday with the kiwi and sterling edging higher after a red-hot inflation readout in New Zealand and hawkish remarks from Britain's central bank chief that put rate rises in investors' sights.
Answering the million dollar question for exporters: To hedge or not to hedge?
For the coming week, the rupee would closely track the Dollar Index and crude oil prices which are trading at crucial levels of 94.00 and 85.00, respectively.
Dollar set to snap 5-week win but yen hits lowest in almost 3 years
The dollar headed for its first weekly decline versus major peers since the start of last month, falling back from a one-year high as traders turned their attention to when the U.S. Federal Reserve will start raising interest rates. The dollar index, which measures the greenback against six rivals, was little changed at 94.034 on Friday. It is on track for about a 0.1% decline this week despite hitting the highest since Sept. 25 of last year at 94.563 on Tuesday.
Rupee gains versus US dollar as global oil prices retreat from multi-year highs
The rupee, which has shed close to 1.5 per cent against the US dollar so far this month, gained also because as a sharp drop in India’s Consumer Price Index Inflation improved the outlook on the Real Effective Exchange Rate, dealers said.
Rupee bulls back to market as crude oil prices start declining
The rupee, which has shed close to 1.5 per cent against the dollar so far this month also benefited from the fact that the RBI has started displaying its strength when it comes to expending foreign exchange reserves.
Dollar pauses after rallying to one-year high earlier in week
The dollar touched its lowest this week against major peers on Thursday, taking a breather from a rally that had lifted it to a one-year high powered by expectations for quicker Federal Reserve interest rate hikes. The dollar index, which measures the currency against six rivals, was about flat at 94.016, after dropping 0.53% on Wednesday, the most since Aug. 23.
Will RBI intervene to arrest overvalued Rupee's slide?
A slide of 3.3 percent versus the US dollar since the beginning of December has raised fears of a quicker depreciation and an intervention by the central bank, but in the interests of remaining competitive in global markets, the currency may be allowed to depreciate, believe economists.
Rupee, gilts gain as steep fall in inflation stokes optimism
The rupee on Wednesday closed at 75.3650 per US dollar against 75.5060 on Tuesday. With some foreign banks stepping in to sell the dollar on behalf of exporters, the rupee touched a high of 75.1900 per dollar on Wednesday.
Dollar holds near one-year high amid bets for earlier Fed rate hike
The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022. Three Fed policymakers said overnight that the U.S. economy has healed enough to begin to scale back the central bank's asset-purchase programme, including Vice Chair Richard Clarida.
Rupee takes fresh beating on oil price worries; market looks to RBI
The domestic currency on Tuesday settled at 75.5060 to the US dollar against 75.3550 on Monday.
Rupee takes fresh tumble vs dollar as crude prices rise to 7-yr high
With the rupee now heading towards the psychologically significant 75.50/$1 mark, investors wonder at what level, the RBI will intervene to stem the currency’s slide.
Yen slumps as rising energy prices, US yields bite
The yen hit a fresh three-year low on Tuesday, extending a sharp slide as traders wagered surging energy prices would drive Japan's demand for dollars and as they doubled down on expectations U.S. rates will rise well ahead of its peers.
NSE launches weekly USD-INR futures contracts
The first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts worth Rs 1,079.6 crore traded at the end of the day in the weekly futures contracts of USD-INR.
Rupee slumps to 15-month low as crude oil prices mark fresh high
The rupee on Monday closed at 75.3550 per US dollar as against 74.9850 to a dollar at previous close.
Rupee slumps 17 paise to 75.16 against US dollar in early trade
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 94.13.
Dollar hits 2-1/2-year high against yen as Fed tapering seen on track
The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that the U.S. Federal Reserve will announce it will start tapering its massive bond-buying next month.
India's forex reserves decline by over $1.16 bn
The Reserve Bank of India's (RBI) forex reserves declined to $637.477 billion from $638.646 billion reported for the week ended September 24.
Rupee slumps 20 paise to close at 74.99 against US dollar
At the interbank foreign exchange market, the local currency opened at 75 and witnessed an intra-day high of 74.91 and a low of 75.16 against the US dollar in day trade.
Dollar soft, Aussie firm as sentiment recovers before US jobs data
The safe-haven dollar hovered below a one-year high to major peers on Friday amid improved risk sentiment, while traders awaited clues on the pace of Federal Reserve policy normalization from a closely watched monthly payrolls reports.
Rupee gains vs dollar as oil prices drop, gilts steady
The domestic currency on Thursday settled at 74.7750 per US dollar, stronger than 74.9750 to a dollar on Wednesday.
Dollar holds near 14-month high to euro on inflation fears
The safe-haven dollar held close to a 14-month high against the euro on Thursday as a surge in energy prices fuelled worries that inflation could crimp economic growth while also prodding the Federal Reserve to act sooner to normalise policy. The U.S. currency was steady at $1.1558 per euro after strengthening to $1.1529 on Wednesday for the first time since July of last year.