Rupee gains 09 paise against US dollar

The Indian Rupee extended gain against the greenback on Friday amid sustained selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. Further, bullish trade across equity market also boosted home currency’s movement.

The

Gold edges down on firmer dollar, palladium hits two-year peak

By Devika Krishna Kumar and Eric Onstad

NEW YORK/LONDON  - Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector.

Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 p.m. EDT (1821 GMT), retreating from an intraday peak of $1,253.12, its highes

How a border tax could divide Boeing and its suppliers

By Alwyn Scott

SEATTLE - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

U.S. automakers and other manufacturers that rely on imported components also would be affected by th

Dollar, world stocks inch up as US healthcare vote back on

By Wayne Cole

SYDNEY  - The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained unclear whether it would pass.

Investors regard the vote as test for the Trump presidency that could show whether it can muster the backing needed to push

Asia stocks rise, but gains for dollar, oil capped by jitters

By Nichola Saminather

SINGAPORE  - Asian stocks edged up on Thursday, while the dollar's gains were limited as U.S. President Donald Trump's struggle to push through a healthcare reform bill raised doubts over whether he can win support for pro-growth economic policy measures.

European markets are poised for a stronger start, with financial spre

RBI sets rupee reference rate at 65.4881 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.4881 against the US dollar and 70.7206 for the euro. The corresponding rates were 65.3117 and 70.2950 yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.6833 and 58.70 per 100 yens, respectively, based on reference rates for the dollar and cross-cur

Rupee up 7 paise against US dollar

The Indian Rupee was trading higher against the greenback on Tuesday amid sustained selling of the dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. However, weakness across equity market restricted home currency’s gain. At the Interban

Big banks back off calls for euro-dollar parity

By Patrick Graham

LONDON  - U.S. bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums.

The shift, sent to clients in a strategy note late on Friday, follows revisions by other

White metal shines on dollar weakness

Silver futures were up during evening trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal on rising safe-haven demand due to weakness in the US dollar on Fed's conservative guidance on the path of rate hikes this year.

Also, traders waited for a packed week of Fed messaging with many different policy makers set to spea

Reinsurers design tailored deals in search of higher returns

By Brenna Hughes Neghaiwi and Paul Arnold

ZURICH - Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.

This tailor-made approach is part of Swiss Re's response to fierce competit

RBI sets rupee reference rate at 65.3827 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.3827 against the US dollar and 70.3779 for the euro.

The corresponding rates were 65.5411 and 70.6074 last Friday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.0157 and 58.06 per 100 yens, respectively, based on reference rates for the dollar and cross-c

Gold hits two-week high as dollar falls after G20 trade message

By Maytaal Angel

LONDON - Gold prices scaled a two-week peak on Monday as the dollar slumped to a six-week low after a G20 weekend summit that was dominated by the U.S. administration's protectionist stance on global trade.

The precious metal has been rising since last Wednesday, when the dollar dropped after the U.S. Federal Reserve raised interest rate

A new breed of sovereign wealth fund - without the wealth

By Claire Milhench

LONDON - Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging - in countries with large deficits and deep debt.

Sovereign wealth funds (SWFs), which first emerged in the 1950s, are traditionally associated with huge financial f

Yellow metal remains firm on dollar weakness

Gold futures were trading moderately higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal on rise in safe-haven demand due to weakness in the US dollar as the US central bank called for gradual monetary tightening after raising interest rates by an expected 25 bps for the second time in 3 months.

The

Fundamentals don't support long-term rupee rally: Care Ratings

Rating agency Care Ratings said the ongoing rupee appreciation is short-lived and Reserve Bank will soon have a role to play in correcting the sentiment, reported PTI. The rupee traded in the range of 66.70 and 65.41 between March 1 and March 16. But has appreciated by nearly Rs 1.23 against the US dollar since March 1 making it the best performing unit in the whole of Asia this year. "We

Rupee has gone as high as it should go: Expert

With the rupee recently gaining over other currencies, as also holding its own against the US Dollar following the latest rate cut by the US Fed, a senior consultant said on Thursday that the Indian currency had climbed to optimal levels, while a further rise would affect the country's export competitiveness and hurt the economy.

"To by mind, it (rupee) has really gone as hig

Gold heads for first weekly gain in three as Fed signal hurts dollar

By Sethuraman N R

 Gold held firm on Friday near a one-week high hit in the previous session and was on course for its first weekly rise in three as the dollar weakened after the U.S. Federal Reserve signalled no increase in the pace of monetary tightening.

Spot gold was up 0.1 percent at $1,227.11 per ounce by 0308 GMT, after hitting its highest since March 6 in the pr

Asia stocks set for best week since July, dollar dips further after Fed

By Nichola Saminather

SINGAPORE  - Asian stocks advanced on Friday and looked set for their best week since July, while the dollar extended a slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening.

Financial spreadbetters predicted a muted start to European stocks after Thursday's strong gains, with Brit

Fed's "dovish hike" sends shares to record highs, dollar dips

LONDON - World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signalled no pick-up in the pace of tightening.

Markets also reacted positively after Dutch centre-right Prime Minister Mark Rutte fought off a challenge by anti-immigration, anti-European Union rival

Oil extends gains as dollar and U.S. inventories fall

LONDON - Oil prices rose for a second day on Thursday, supported by U.S. data showing crude inventories had dipped after rising for nine weeks and a weaker dollar after the U.S. Federal Reserve signalled it would not hike rates faster than expected.

Brent crude oil was up 38 cents at $52.19 a barrel by 1050 GMT, recovering from Tuesday's slide to $50.25, its lowes

RBI sets rupee reference rate at 65.3836 against dollar

The Reserve Bank of India has fixed the reference rate of the rupee at 65.3836 against the US dollar and 70.1893 for the euro. The corresponding rates were 65.5146 and 69.6224, previously.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 80.2649 and 57.73 per 100 yens, respectively, based on reference rates for the dollar and cross-cur

Dollar crunched by cautious Fed, bonds and commodities cheer

By Wayne Cole

SYDNEY  - The dollar nursed painful losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening.

The euro got an added bonus when returns showed the anti-EU party of Geert Wilders won fewer seats

Fed raises rates as job gains, firming inflation stoke confidence

By Howard Schneider and Jason Lange

WASHINGTON  - The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

The decision to lift the target overnight interest rate by 25 basis points

RBI sets rupee reference rate at 65.5146 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.5146 against the US dollar and 69.6224 for the euro. The corresponding rates were 66.1800 and 70.4354 on Tuesday. According to a RBI statement, the exchange rates for the pound and the yen against the rupee were 80.0654 and 57.08 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quote

Global Markets - Dollar rises before expected Fed rate rise, euro zone bond yields up

By Nigel Stephenson

LONDON - The dollar rose before the start on Tuesday of a Federal Reserve policy meeting expected to raise U.S. interest rates while euro zone government bond yields headed higher as investor nerves over an election in the Netherlands appeared to ease slightly.

Sterling hit an eight-week low against the dollar after the British government