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US Dollar News
Rupee recovers 34 paise to 69.86 against US dollar in morning trade
Fri, Jan 04, 2019
Forex traders said, the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.
Rupee falls 27 paise to 69.70 against US dollar in early trade
Wed, Jan 02, 2019
Forex traders said sustained foreign fund outflows also weighed on the local unit. However, lower crude oil prices capped the losses.
Elections, USD strength and oil price to determine rupee direction: Report
Sun, Dec 30, 2018
"In our assessment, consumer price inflation (CPI) is likely to average 4 per cent in 2019. Benign food inflation, positive base effects, recent correction in oil prices and INR stability is likely to keep inflationary pressures under check," it said.
Rupee slips 37 paise to 70.07 against US dollar in early trade
Fri, Dec 21, 2018
Traders said a lower opening in domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit.
Rupee slips 24 paise to 70.63 against US dollar in early trade
Thu, Dec 20, 2018
The rupee Thursday depreciated by 24 paise to 70.63 in early trade on the forex market amid strengthening American currency and weak opening in domestic equities.
Rupee strengthens 50 paise to 69.94 against US dollar
Wed, Dec 19, 2018
The rupee appreciated another 50 paise to breach the 70 per dollar-mark in opening trade Wednesday on persistent drop in crude prices amid fresh foreign fund inflows and sustained selling of the American currency by exporters and banks.
Indian Rupee settles 34 paise higher at 71.56 against US dollar
Mon, Dec 17, 2018
Forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities. The American currency's weakness against its major rivals globally also helped the rupee further its gains. Earlier on Friday, the domestic unit had dropped by 22 paise to close at 71.90 against the US dollar.
Rupee rises 16 paise to 71.74 against US dollar in early trade
Mon, Dec 17, 2018
At the interbank forex market, the rupee opened higher at 71.84 and rose further to quote at 71.74, showing a rise of 16 paise over its previous close.
Rupee falls 54 paise, touches 71 level against US dollar
Thu, Dec 06, 2018
The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.
More trouble ahead for bruised Indian rupee: Poll
Wed, Dec 05, 2018
While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand which weighed more heavily on July-September growth than expected.
Rupee open: Indian currency rises 10 paise against US dollar to 71.87
Fri, Nov 16, 2018
The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks.
Alert! Bear market in US? Billionaire Steve Cohen paints doomsday scenario, returns to dry up
Thu, Nov 15, 2018
US benchmark S&P 500 index has gained by 1% compared to nearly 11.5% decline witnessed in exchange-traded fund which are designed to measure equity market performance outside US.
Indian rupee recovers 22 points to close at 72.67 against US dollar on easing crude prices, positive macroeconomic data
Tue, Nov 13, 2018
At the Interbank forex market, the domestic unit opened with strength at 72.81 and advanced to a high of 72.51 in day trade. Rupee finally settled at 72.67, showing a gain of 22 paise or 0.30 per cent over the last close.
Gold edges down as Federal Reserve interest rate view strengthens dollar
Fri, Nov 09, 2018
The Fed`s statement on Thursday overall reflected little change in its outlook for the economy since its last policy meeting in September. Inflation remained near its 2 percent target, unemployment fell, and risks to the economic outlook were still felt to be "roughly balanced."
Gold dips to one-week low; investors await Fed rate call
Thu, Nov 08, 2018
Gold prices fell to their lowest in a week on Thursday as the dollar and stocks rose, while investors digested the U.S. midterm election results and turned their focus to the Federal Reserve`s monetary policy decision due later in the day.
Rated Indian companies, banks can withstand sharp rupee depreciation: S&P
Mon, Nov 05, 2018
S&P Global Ratings Monday said most of its rated Indian companies and banks can withstand the recent sharp depreciation in the rupee, but a deep and sustained decline could squeeze their margins.
Indian rupee set to shock further, create more history, of the negative kind
Mon, Nov 05, 2018
With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.
India Inc's investment in overseas ventures drop 47% to $ 1.54 bn in Sep
Mon, Oct 29, 2018
Indian companies' investment in their overseas ventures fell by 47 per cent to USD 1.54 billion in September 2018, Reserve Bank data showed.
Rupee vs dollar: Will Indian currency depreciate further? Find out
Mon, Oct 29, 2018
The rising US bond yields have caused huge volatility and ripples across global financial markets leading to outflows from equity and debt markets in the emerging markets.
JSW Steel to pump in USD 150 mn in first tranche to set up Texas plant
Sun, Oct 28, 2018
Sajjan Jindal-led JSW Steel Sunday said it will pump in USD 150 million (approximately Rs 1,000 crore) in the first tranche to set up its new steel facility in Texas, US.