New York: The US dollar increased amid a weaker euro, as latest data showed the eurozone suffered a sharp contraction in the manufacturing sector, raising concerns over a slowdown in the region’s economy. In late New York trading on Tuesday, the euro decreased to $1.1198 from $1.1211 in the previous[Read More…]
Tag: US Dollar
US dollar falls ahead of Federal Reserve’s meeting
New York: The US dollar fell against most major currencies ahead of a two-day US Federal Reserve meeting. In late New York trading on Monday, the euro increased to $1.1337 from $1.1320 in the previous session, and the British pound fell to $1.3251 from $1.3285 in the previous session, Xinhua[Read More…]
China’s yuan edges lower against US dollar
Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 44 basis points to 6.6901 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per[Read More…]
US dollar falls as concerns over further slowdown build up
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 $1.1371 in the previous[Read More…]
US dollar falls amid Fed’s rate hike decision, stronger euro
New York: The US dollar dipped as the Federal Reserve raised interest rates by a quarter point, paring some of the sharp losses of the greenback in the previous sessions. Following the Fed’s decision to raise its benchmark overnight lending rate, the greenback extended gains but still settled at a[Read More…]
Chinese yuan declines to 6.8908 against US dollar
Beijing, The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158 basis points to 6.8908 against the US dollar Monday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from[Read More…]
Fund exodus, equities sell-off plunge rupee; touches new low of 74.48/$
Mumbai: Exodus of foreign funds, along with an expected rise in the US interest rates and global equities sell-off plunged the Indian rupee to a fresh record low of 74.48 to a US dollar on Thursday. However, heavy intervention by the Reserve Bank of India (RBI) and lower crude oil[Read More…]
Fund outflows, oil prices to sink rupee further; 75-mark in sight
Mumbai: The Reserve Bank of India’s (RBI) stance, along with an expected hike in the US lending rates and high crude oil prices are expected to further exert pressure on the Indian rupee in the coming week, experts say. In addition, the continuous outflow of foreign funds from the equity[Read More…]
RBI can sell USD 25 bn more to arrest rupee fall: SBI report
The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per cent, the[Read More…]
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 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…]
Rupee opens lifetime low at 70.82, falls 23 paisa against US dollar
Indian Rupee continued its free fall on Thursday August 30. The currency weekend by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows. At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad[Read More…]
US dollar weakens against six major currencies
The US dollar declined 0.3 per cent as expected trade talks between the US and China eased market concerns. In late New York trading on Monday, the euro increased to $1.1467 from $1.1436 in the previous session, and the British pound rose to $1.2785 from $1.2720 in the previous session, Xinhua news agency reported. The Australian[Read More…]
Rupee might stabilise very soon, at 68.69 a dollar: Subhas Chandra Garg
The Indian rupee, which has been depreciating against the dollar on account of external factors, will “stabilise” soon with the fundamental equation for trade unchanged, an official said here on Saturday. “This breaching of 70 (mark) was on account of external factors largely on what happened in Turkey. Our fundamental[Read More…]
Rupee continues its free fall, record low of 70.32 a dollar
Downslide of Indian rupee continues to hit fresh records as it slumped 43 paise against the American dollar to trade at a life-time low of 70.32 on Thursday, August 16. Experts believe that the rupee is unlikely to recover soon. At the Interbank Foreign Exchange, the rupee opened at a[Read More…]
Rupee vs Dollar: Modi-supporters Chetan Bhagat, Sri Sri silent as Rupee falls
Screenshots of Twitter posts by author Chetan Bhagat and spiritual guide Ravi Shankar have become a weapon for social media army to criticise the Narendra Modi government following drastic fall of Indian Rupee, recording low of 70.09 against US Dollar. On Monday, the rupee had plunged by Rs 1.08, or[Read More…]
Congress’ sharp reaction after rupee hits new of 70 to US dollar
Indian rupee crashed to all time low of 70-mark against US dollar for the first time on Tuesday. The new low of 70.09 in the currency has opened windows to the opposition parties to react on it. Congress has come up with sharp remarks on Twitter aiming at PM Narendra[Read More…]
Indian Rupee records low, closes near 70 a dollar
Broadly negative global cues along with weakness in the Indian Rupee and caution ahead of the release of macro-economic inflation data point subdued the key Indian equity indices on Monday. The Rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers. At 3.30[Read More…]
US dollar rises against most currencies
The US dollar index increased against most other major currencies as investors bought the dip after the previous day’s sharp decline. In late New York trading on Monday, the euro fell to $1.1691 from $1.1725 in the previous session, and the British pound was down to $1.3101 from $1.3135 in[Read More…]
Fund outflows, oil prices weaken rupee to 68.43 against USD
Mumbai: High crude oil prices along with a persistent outflow of foreign funds from the country’s equity and debt markets and formation of a non-BJP government in Karnataka weakened the Indian rupee to 68.43 per US dollar. Consequently, the Indian rupee weakened by 38 paise against the US dollar to[Read More…]