Rupee extends loss against US dollar

The Indian Rupee continued losing streak against the US dollar on Wednesday due to strong buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Strong economic data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurized.

At the

Rupee plunges 19 paise to 65 on strong dollar demand

The Indian Rupee was trading lower against the US dollar on Tuesday due to strong buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Strong economic data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurized.

At the Interban

Rupee extends rally against US dollar on sustained selling

The Indian Rupee continued gaining streak for the sixth straight session against the US dollar on Monday as dollar demand eased by exporters and banks. According to forex dealers, weakness in dollar against major currencies overseas also boosted the rupee. The local currency also got a lift as the country’s trade deficit narrowed to a seven-month low, while retail inflation in September r

US dollar retreats amid economic data

 The US dollar extended losses against most major currencies as investors mainly digested the newly-released economic data.

In late New York trading on Friday, the euro decreased to $1.1819 from $1.1843 in the previous session, and the British pound increased to $1.3291 from $1.3281 in the previous session, Xinhua news agency reported. 

The Australian dol

Rupee extends rally against greenback on strong macro data

The Indian Rupee extended rally against the US dollar on Friday as dollar demand eased as US Federal Reserve turned dovish on inflation, which pushed exporters and banks increasingly away from the greenback. The local currency also got a lift by strong macro data which showed that India’s index of industrial production (IIP) grew at a faster pact at 4.3 per cent in August, compared to a 0

US dollar ticks down amid economic data

 The US dollar ticked down against most major currencies as investors mainly focused on the newly-released economic data.

In late New York trading on Thursday, the euro decreased to $1.1843 from $1.1856 in the previous session, and the British pound increased to $1.3281 from $1.3218 in the previous session, Xinhua news agency reported.

The Australian dollar increased to

Rupee gains 06 paise at 65.23 against greenback

The Indian Rupee was trading higher against the US dollar on Wednesday as dollar demand eased as US Federal Reserve turned dovish on inflation, which pushed exporters and banks increasingly away from the greenback. At the Interbank Foreign Exchange Market, the local currency was up by 06 paise at 65.23 per dollar against a previous close of 65.29 per dollar at 12:25 hours.

During the

US dollar slides amid Fed minutes

The US dollar continued to decline against most major currencies as investors mainly digested the newly-released minutes from US Federal Reserve.

In late New York trading on Wednesday, the euro increased to $1.1856 from $1.1807 in the previous session, and the British pound increased to $1.3218 from $1.3204 in the previous session, Xinhua news agency reported. 

Rupee trades higher against US dollar

The Indian Rupee was trading higher against the US dollar on Wednesday as dollar demand eased in trade as investors shifted focus to riskier appetite, which pushed exporters and banks increasingly away from the greenback. At the Interbank Foreign Exchange Market, the local currency was up by 04 paise at 65.39 per dollar against a previous close of 65.43 per dollar at 12:55 hours.

Duri

US dollar declines against other major currencies

The US dollar declined against other major currencies, amid comments from European Central Bank's (ECB) official and speculation that the tax overhaul plan US President Donald Trump raised would stall.

In late New York trading on Tuesday, the euro increased to $1.1807 from $1.1749 in the previous session, and the British pound increased to $1.3204 from $1.3153 in the previous

US dollar mixed against other major currencies

The US dollar traded mixed as investors were still digesting the newly-released jobs report.

In late New York trading on Monday, the euro increased to $1.1749 from $1.1733 in the previous session, and the British pound increased to $1.3153 from $1.3066 in the previous session, Xinhua news agency reported. 

The Australian dollar decreased to $0.7760 from $0.778

Rupee edges higher against US dollar

The Indian Rupee was trading higher against the US dollar on Monday as dollar eased in trade as the rally triggered by strong US data fizzled as sentiments were dented by the softer than expected non-farm payrolls performance for September.

At the Interbank Foreign Exchange Market, the local currency was up by 06 paise at 65.49 per dollar against a previous close of 65.55 per dollar a

Rupee plunges 26 paise at 65.54 against dollar

The Indian Rupee was trading lower against the US dollar on Friday due to strong buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Strong economic data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurized.

At the Interbank

Global Markets: Dollar gains as Europe still struggles with Spain pains

LONDON - Record high world stocks fell for the first time in eight days on Friday, as jitters about Catalonia's push to separate from Spain returned to Europe and bets on higher U.S. interest rates sent the dollar to its highest since mid August.

Traders were preparing for their monthly installment of U.S jobs data but there was too much movement in Europe to allo

Asia FX sentiment sours as hawkish Fed signals support dollar: Reuters poll

Sentiment towards most emerging Asian currencies soured in the last two weeks as the U.S. dollar rallied on growing expectations that the Federal Reserve will hike interest rates later this year, a Reuters poll showed.

Investors were estimated to have reduced long positions on the Chinese yuan, the Indonesian rupiah, the Malaysian ringgit and the Thai baht, according to a poll of 12 a

Rupee trades higher against greenback

The Indian Rupee was trading higher against the US dollar on Wednesday as dollar eased in trade as the rally triggered by strong US data fizzled on speculation that US president Donald Trump's choice for the next Fed chair may be a less hawkish candidate. Investors will also be watching for a raft of economic data culminating in Friday's US employment report for September.

At

Dollar U-turn could call time on 2017`s emerging market boom

LONDON - Developing countries have been on a borrowing binge this year with nine months of bumper investment inflows and record bond sales, but a sharp U.S. dollar bounce into year-end could end the party early.

Signs of an upswing in the dollar's fortunes made the last week of September poor - equities fell 2 percent, bond yields rose about 10 basis points and cu

Rupee slips against dollar on strong US factory data

The Indian Rupee was trading lower against the US dollar on Tuesday on account of buying of American currency by banks and importers amid sustained outflows by foreign portfolio investors. Strong factory data from the US and the prospect for American tax cuts boosted confidence in the global economy and the US Dollar Index which in turn has kept the rupee pressurised.

At the Interbank

Asia FX falters as dollar gains offset upbeat China news

Asian currencies slipped on Monday as higher U.S. yields supported the dollar, offsetting data showing stronger-than-expected growth in China's manufacturing sector.

The dollar index that tracks the greenback against a basket of rivals added 0.3 percent to 93.412 as at 0600 GMT.

Higher U.S Treasury yields helped bolster the greenback with the 10-year U.S. Treasuries yiel

India`s April-August fiscal deficit at over 96% of target

India's April-August fiscal deficit -- Rs 5.25 lakh crore -- stood at 96.1 per cent of the full year's budget target of Rs 5.46 lakh crore, official data showed on Friday.

The data furnished by the Comptroller General of Accounts (CGA) showed that April-August fiscal deficit was 76.4 per cent of the Budget in the like period of the last fiscal. However, within the first f

Insight: Chinese creditors find even state-backed credit protection has its limits

The creditors say they have been stonewalled by the group, including its most important stakeholders, the Hebei provincial government and the local office of SASAC, a state-run organisation that manages government assets.

"Basically, financial institutions are all trapped with a feeling of powerlessness when dealing with defaulting big state-owned enterprises," said one mana

Rupee trading higher against greenback

The Indian Rupee was trading higher against the US dollar on Friday after the government stuck to its borrowing plan and also increased foreign investment limits in debt. As per reports, the government on Thursday said that it would borrow Rs2.08 trillion for fiscal year 2018 but does not rule out possibility of selling more government bonds for additional spending.

At the Interbank F

India sticks to 2017/18 borrowing target, leaves window ajar for extra bond sales

NEW DELHI  - India's government stuck to its budgeted market borrowing target on Thursday for the fiscal year ending in March 2018, but didn't rule out the possibility of selling additional bonds to fund any new spending.

After a meeting with central bank officials, Economic Affairs Secretary Subhash Chandra Garg said that New Delhi would borrow 2.08 tril

China`s final Q2 current account surplus at $50.9 billion - FX regulator

BEIJING - China posted a final current account surplus of $50.9 billion in the second quarter, compared with a preliminary surplus of $52.9 billion, the foreign exchange regulator said on Thursday.

For the April-June period, China recorded a $400 million deficit in its capital and financial account, versus a preliminary deficit of $52.9 billion, the State Administrati

Euro zone economic sentiment jumps more than expected to a 10-year high

BRUSSELS- Euro zone economic sentiment improved more than expected in September, reaching levels last seen in July 2007, with optimism rising in all sectors except financial services, data from the European Commission showed on Thursday.

The survey showed that sentiment in the 19 countries sharing the euro rose to 113.0 in September from 111.9 in August. Economists po