New York,The US dollar fell as Federal Reserve’s interest rates hike and slower path of monetary tightening in 2019 added weakness to the greenback amid fears of an economic slowdown across the board. In late New York trading on Thursday, the euro increased to $1.1469 from $1.1371 in the previous[Read More…]
Tag: Dollar
China’s yuan rises to 6.8854 against US dollar
Beijing, The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 54 basis points to 6.8854 against the US dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, yuan is allowed to rise or fall by 2 percent from the[Read More…]
New York: US dollar rises amid concerns over split Congress ahead elections
New York: The US dollar rose slightly against other major currencies as investors remained cautious about the upcoming results of the US mid-term elections. In late New York trading on Tuesday, the euro fell to $1.1412 from $1.1417 in the previous session, and the British pound increased to $1.3093 from[Read More…]
Rupee slips to new low, touches 74.46/$
Mumbai: The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning session on Thursday. –IANS
Rupee hits fresh all time low; closes at 72.98
The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday. At 5 p.m., the rupee closed at 72.98 per greenback from its previous close of 72.51 per dollar. It had opened at 72.60[Read More…]
Rupee cracks below 72-mark, hits new closing low of 72.45
The rupee Monday crashed below the 72-mark to end at a life-low of 72.45 against the US dollar on growing fears of contagion from an emerging-market rout and escalation of a global trade war. Heavy speculative dollar demand along with panic among importers sent the domestic currencytumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering[Read More…]
Rupee falls 16 paise against US dollar, hits new all-time low of 71.37
The Indian rupee hit a new all-time low of 71.37 per dollar on Tuesday tracking a similar trend among its global peers and amid concerns of trade war escalation. It opened at 71.24 per dollar surpassing the previous low of 71.21 per dollar, at which it had closed on Monday.[Read More…]
Rupee hits 71 mark first time ever, slides 26 paise against Dollar
As the Rupee fall continues, Indian currency opens at a fresh low on Friday morning. The rupee slides 71 mark to the US dollar for the first time ever. Falling 26 paise down to a new record low of 71.0013 against the USD during Friday morning trade, rupee grows fear[Read More…]
Despite falling rupee, India in exceptional period of stability: Finance Ministry official
As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through “an exceptional period of stability”. The official said if one takes the long-term view, the rupee is not depreciating[Read More…]
Indian rupee records lowest in history, ends below 69.05 per dollar
Domestic political uncertainty a day ahead of a no-confidence motion against the central government weakened the Indian rupee to its record low level against the US dollar on Thursday. Accordingly, the Indian rupee weakened by 42 paise against the US dollar to close at 69.05 on Thursday, from its previous[Read More…]
Sensex, Nifty hit record high; rupee strengthens
India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high. The 30-share BSE Sensex rose as much as[Read More…]
Rupee strengthens to 67.42 against dollar
Indian rupee advances 5 paise to 67.42 against the dollar in early trade on Thursday as there was no let-up in the selling of the American currency by exporters and banks. The dollar, in turn, became weak globally, causing a hike in the Rupee value. But this was offset by fresh[Read More…]