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3 reasons why the Indian rupee crashed
Mon, Sep 03, 2018
India's trade deficit (merchandise) increased from around USD 89 billion in 2007-08 to USD 162 billion in 2017-18.
Indian Rupee plunges 26 paise; hits 71-mark against US dollar
Fri, Aug 31, 2018
Forex dealers reportedly said that besides robust month-end demand for the US currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency.
Gold gains as dollar slips; markets await Fed chairman's speech
Fri, Aug 24, 2018
Gold has lost its appeal as a safe-haven asset, having fallen about 9 percent so far this year, amid international trade disputes and the Turkish currency crisis, with investors increasingly turning to the U.S. dollar instead.
Indian rupee plunges 27p, hits 70-mark again against US dollar
Thu, Aug 23, 2018
Global rating agency Fitch, however, has said the continuing rupee plunge does not pose much risks to India's sovereign rating, as the fall is largely reflective of the shifts in market sentiment towards emerging markets after global monetary tightening.
Strong US dollar to continue to weigh on rupee: DBS
Mon, Aug 20, 2018
"A challenging global environment has compelled the Reserve Bank of India (RBI) to intervene aggressively this year to contain INR depreciation. Foreign reserves have declined from a record high of USD 426 billion in April to USD 403 billion in early August," said the bank in its daily market report.
India's Current Account Deficit to widen to 2.5% of GDP in FY19: Moody's, experts
Sun, Aug 19, 2018
"India's current account deficit is likely to widen to 2.5 per cent in FY 2018-19, up from 1.5 per cent in fiscal 2017 due to higher oil prices and strong non-oil import demand as domestic demand accelerates," he said. "Net oil imports accounted for 2.6 per cent of GDP in FY 2017-18 and will increase further in fiscal 2019."
Nomura says India's current account deficit CAD) expected to widen to 2.8 pc of GDP this fiscal
Sun, Aug 19, 2018
According to official figures India's trade deficit, or the gap between exports and imports, in July widened to USD 18 billion, the most in more than five years.
China revs up spending plan as economy cools, investment growth at record low
Tue, Aug 14, 2018
Industrial output also undershot expectations, weighed down by pollution curbs and an uncertain trade outlook, adding to expectations that authorities will roll out more policy stimulus.
Most Asian stock markets near bear territory, China worst hit
Tue, Aug 14, 2018
China has the worst ratio, with 88 percent of its companies trading below the 200-day moving average, followed by the Philippines and Singapore.
Indian rupee declines against US dollar in early trade
Wed, Jul 25, 2018
The rupee weakened by another 3 paise to trade at 68.97 against the US dollar.
Rise in US dollar amid economic data
Wed, Jul 11, 2018
In late New York trading on Tuesday, the euro rose to $1.1749 from $1.1748 in the previous session, and the British pound was down to $1.3215 from $1.3256 in the previous session, Xinhua news agency reported.
Gold touches two-week peak on yuan rebound, weaker dollar
Mon, Jul 09, 2018
There has been a strong correlation recently between the yuan and gold, analysts said. "I think most likely the yuan will remain volatile but (I don`t expect ...) aggressive weakness, so that means the only thing that is driving gold at the moment is the dollar, which is somewhat weaker," said Georgette Boele, commodity strategist at ABN AMRO in Amsterdam.
Indian rupee rises 30 paise against US dollar to 68.57 in early trade
Mon, Jul 09, 2018
The dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth supported the rupee, forex dealers said.
Centre rules out 'knee-jerk' reaction to tackle rupee fall
Fri, Jun 29, 2018
The government today ruled out any "knee-jerk reaction" to tackle the fall in rupee and said appropriate measures would be taken after taking into consideration the global situation.
Gold slips on stronger dollar; U.S.-China trade war fears loom
Fri, Jun 15, 2018
Spot gold fell 0.3 percent to $1,298.25 per ounce at 0704 GMT, after reaching its highest since May 15 at $1,309.30 an ounce on Thursday. U.S. gold futures for August delivery were down 0.5 percent at $1,301.50 per ounce.
US dollar rises as trade tensions ease
Tue, May 22, 2018
The US dollar rose as market sentiment was boosted by an easing of trade tensions between China and the US. In late New York trading on Monday, the euro fell to $1.1772 from $1.1775 in the previous session, and the British pound was down to $1.3414 from $1.3482 in the previous session.
Gold prices edge higher as dollar retreats from 2018 peak
Mon, May 14, 2018
Higher U.S. interest rates, possibly in June at the Federal Reserve`s next meeting, will weigh on gold, but analysts say they are unlikely to push gold significantly lower. "Over the short term, and particularly during May, we see gold trading between $1,285 and $1,338 an ounce as continued strength in the dollar and rising rates pressure values lower," said INTL FCStone analyst Edward Meir.
Gold dips as dollar index climbs to 2018 peak
Mon, May 07, 2018
Spot gold was down 0.2 percent at $1,312.06 an ounce by 1335 GMT, while U.S. gold futures for June delivery were 0.2 percent lower at $1,312.30. The market was thinned by a national holiday in Britain, which closed trading desks in London. The dollar index hit a 2018 peak on Monday after U.S. jobs and wages data did little to alter perceptions of strength in the U.S. economy and consequently expectations for more Fed rate hikes.
Gold vs stocks, vs debt: Here's who came out tops in 2017-18
Thu, Mar 29, 2018
In the equity market, the Sensex closed near the 33000 peak and the Nifty defended its 10000 zone to end fiscal 2018 with 12.8% and 11.9% returns in the last one year. Smallcap stocks, which carry more risk, rewarded investors with 17.3% index returns, higher than 13.1% jump in midcaps and 10.2% in largecaps. In terms of BSE sectors, consumer durables was the best performer in FY18 delivering a category average of nearly 45%, followed closely by Realty (40.4%).
Rupee breaks below 65 vs dollar, hits 4-month low
Thu, Feb 22, 2018
The rupee weakened by 29 paise to trade at fresh 4-month low, breaching the 65 level against the US dollar in opening trade after Reserve Bank of India’s (RBI) monetary policy committee (MPC) indicated a series of rate hikes could be in the offing because of rising risks to inflation.