Rupee surges 9 paise on surge in dollar selling

The Indian Rupee was trading firmly against the greenback on Friday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. However, weakness in the equity market weighed on the Rupee upward movement. The dollar took a hit against the euro after the head of the European Central Bank said tapering of its stimulus will be on the table this a

ECB sticks to easy money pledge despite better growth

FRANKFURT  - The European Central Bank left its ultra easy monetary policy stance unchanged as expected on Thursday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

Having raised the prospect of policy tightening last month, Thursday's inaction was likely to signal that any policy tweaks would come only s

Rupee edges higher against US dollar

The Indian Rupee was trading marginally higher against the greenback on Wednesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. Adding to it, firmness in the equity market also boosted the Rupee upward movement.

At the Interbank Foreign Exchange Market, the local currency was up by 01 paise at 64.40 per dollar against a

Doubts about Trump`s agenda seen accelerating U.S. dollar decline

By Richard Leong

NEW YORK - The outlook for the U.S. dollar turned even more bearish on Tuesday after healthcare reform legislation again failed to pass in Congress, casting further doubt on whether the Trump administration will be able to progress to tax reform, infrastructure improvements, and banking deregulation.

The U.S. dollar index that tracks th

Rupee up 4 paise at 64.40 against greenback

The Indian Rupee was trading higher against the greenback on Tuesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. However, weakness in the equity market restricted the Rupee upward movement. At the Interbank Foreign Exchange Market, the local currency was up by 4 paise at 64.40 per dollar against a previous close of 64.44 per do

Dollar index hits 10-month low on Fed bets, strong China data

NEW YORK - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.

China's second-quarter gross domestic product topped forecasts with a rise of 6.9 percent

Rupee slips 1 paisa against dollar to 64.46

The rupee today edged lower by 1 paisa to 64.46 against the dollar due to fresh buying of the American currency by importers, said the media reports. Traders said fresh demand of the US currency from importers weighed, but a higher stock opening and dollar's weakness against other currencies overseas capped the rupee's fall.

Yesterday, the local currency had gained 9 paise to

Dollar treads water, U.S. inflation data awaited for Fed direction

By Shinichi Saoshiro

TOKYO - The dollar trod water against a group of peers early on Friday, as currency investors remained cautious ahead of U.S. inflation data due later in the session, which is expected to set the greenback's near-term direction.

The U.S. currency's recent advance, notably against the yen, has stalled towards the end of this week

Rupee surges 14 paise to 64.55 against dollar

The Indian Rupee extended rally against the greenback on Thursday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. Adding to it, rally in the equity market also boosted Rupee’s movement. At the Interbank Foreign Exchange Market, the local currency was up by 14 paise to trade at 64.55 per dollar against a previous close of 64.6

Asian FX rise as Yellen's unhurried tightening stance dents dollar

 Asian currencies were higher on Thursday as the dollar took a knock after Federal Reserve Chair Janet Yellen signalled further rate increases in the United States will be gradual at best.

The dollar index, which measures the U.S. currency against six major rivals, was down 0.2 percent to 95.609 at 0506 GMT.

Yellen said on Wednesday the U.S. economy is healthy enough fo

Dollar capped after Yellen, Canadian dollar stands tall on BOC rate hike

By Shinichi Saoshiro

TOKYO - The dollar was capped against a basket of currencies early on Thursday after Federal Reserve Chair Janet Yellen did not sound as hawkish as many had anticipated, while the Canadian dollar stood near a 13-month high after its country's central bank hiked interest rates for the first time since 2010.

The U.S. economy is healthy

Rupee gains 06 paise at 64.65 against dollar

The Indian Rupee was trading higher against the greenback on Wednesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. However, the day’s gain was restricted by weakness in equity market as caution prevailed ahead of the release of the consumer price inflation and industrial production data due today.

At the Interba

Dollar pressured by Trump Jr. emails, focus on Yellen testimony

By Lisa Twaronite

TOKYO - The dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Yellen will give her semi-annual monetary

Rupee edges higher against US dollar

The Indian Rupee was trading marginally higher against the greenback on Tuesday amid sustained selling of dollar by banks and exporters. However, the day’s gain was restricted by strong US jobs data which indicated recover in the world’s largest economy which dampened the Rupee sentiment. At the Interbank Foreign Exchange Market, the local currency was up by 01 paise to trade at 64.

Rupee trades 06 paise higher against US dollar

The Indian Rupee was trading on stronger note against the greenback on Monday amid fresh selling of dollar by banks and exporters. However, the day’s gain was restricted by strong US jobs data which indicated recover in the world’s largest economy which dampened the Rupee sentiment. At the Interbank Foreign Exchange Market, the local currency was up by 06 paise to trade at 64.69 per

Rupee surges 18 paise at 64.76 against greenback

The Indian Rupee was trading higher against the greenback on Friday amid selling of dollar by banks and exporters as investors were boosted by the Federal Reserve policy outcome. The Fed minutes showed that there is disagreement among policy makers on the timing of interest rate hikes and the timeframe for rolling back the multi-trillion-dollar investment holdings.

At the Interbank Fo

US dollar falls on soft economic data

The US dollar traded lower against most major currencies as investors digested weaker-than-expected economic data.

In late New York trading on Thursday, the euro rose to $1.1422 from $1.1328, and the British pound increased to $1.2971 from $1.2916 in the previous session, Xinhua news agency reported. 

The Australian dollar edged down to $0.7587 from $0.7588.

T

Rupee up 4 paise against greenback

The Indian Rupee was trading higher against the greenback on Thursday, wiping out previous day losses, amid selling of dollar by banks and exporters as investors digested the Federal Reserve’s recent meeting. The Fed minutes showed that there is disagreement among policy makers on the timing of interest rate hikes and the timeframe for rolling back the multi-trillion-dollar investment hol

Most Asian currencies drop on Fed uncertainty; U.S. payrolls eyed

By Christina Martin

Most emerging Asian currencies edged lower on Thursday, taking their cue from regional equities, after minutes from the Federal Reserve's last meeting showed a lack of consensus on the future pace of U.S. interest rate increases.

The U.S. central bank policymakers were increasingly split on the outlook for inflation and how it might affect policy tigh

Rupee down 3 paise against US dollar

The Indian Rupee was trading lower against the US dollar on Wednesday amid fund outflows by foreign funds and importers due to strong demand for the American currency. The muted cues from equity market also weighed on Rupee movement. At the Interbank Foreign Exchange Market, the local currency was trading 03 paise lower at 64.97 per dollar against the previous close of 64.94 at 13:40 hours.

Rupee rebounds 14 paise against greenback

The Indian Rupee rebounded sharply against the greenback on Tuesday, wiping out previous day losses, amid selling of dollar by banks and exporters. However, lackluster trade across equity market restricted the home currency’s upward movement. At the Interbank Foreign Exchange Market, the local currency was up by 14 paise to trade at 64.95 per dollar against a previous close of 65.09 per d

Rupee slides 16 paise against US dollar

The Indian Rupee was trading lower against the US dollar on Monday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. The slide in the rupee, however, was capped by the firm trading across equity markets after government successfully implemented the long pending new tax regime, goods and services tax (GST), from July 1 midnight. At the Interb

Slight dollar recovery weighs on Asian currencies

 Most Asian currencies edged lower on Monday, as the dollar index rebounded from a nine-month low against a basket of currencies, which it hit following hawkish comments from central bankers last week.

The dollar index against a group of six major currencies was 0.1 percent higher at 95.729, slightly up from a nine-month trough of 95.470 plumbed on Friday.

"The U.S

Rupee edges lower ahead of GST roll out

The Indian Rupee was trading lower for the fourth consecutive session against the US dollar, tracking volatile local equity markets ahead of the rollout of goods and services tax (GST) from 1 July. The bearish trend across the Indian equity markets also weighed on home currency movement.

At the Interbank Foreign Exchange Market, the local currency was trading 14 paise lower at 64.77 p

Rupee surges 11 paise against US dollar

The Indian Rupee was trading higher against the greenback on Thursday amid sustained selling of dollar by banks and exporters. Adding to it, positive cues from equity market also boosted the home currency’s upward movement. At the Interbank Foreign Exchange Market, the local currency was up by 11 paise to trade at 64.72 per dollar against a previous close of 64.83 per dollar at 13:05 hour