RBI sets rupee reference rate at 64.3185 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.3185 against the US dollar and 74.8796 for the euro. The corresponding rates were 64.4273 and 74.1880 yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.5369 and 57.53 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

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

Dollar near two-year lows vs euro after Draghi comments

TOKYO - The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after European Central Bank chief Mario Draghi said policymakers would discuss changing its bond-buying programme in the autumn.

The dollar index , which tracks the greenback against a basket of six major rivals, was flat on the day at 94.316, not

RBI sets rupee reference rate at 64.4273 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4273 against the US dollar and 74.1880 for the euro. The corresponding rates were 64.3211 and 74.2265 yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.9166 and 57.45 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

Global Markets: Emerging Asia propels world stocks to new high

LONDON - A weak U.S. dollar combined with upbeat Chinese data to lift emerging market and Asian shares to levels not seen in more than two years and global stocks to an all-time high on Wednesday.

With the world's most widely-used currency near a 10-month low and bond yields slipping, it is cheaper for emerging countries to service their debts investor appetite fo

Emerging Asia propels world stocks to new high

LONDON - A weak U.S. dollar combined with upbeat Chinese data to lift emerging market and Asian shares to levels not seen in more than two years and global stocks to an all-time high on Wednesday.

With the world's most widely-used currency near 10-month lows, there has been an indirect loosening of financial conditions for emerging markets which also serves to sup

RBI sets rupee reference rate at 64.3211 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.3211 against the US dollar and 74.2265 for the euro. The corresponding rates were 64.3301 and 74.1469 yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.8554 and 57.43 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

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

Dollar nurses losses as healthcare bill flounders

By Lisa Twaronite

TOKYO - The dollar nursed losses on Wednesday after skidding to a 10-month low against a currency basket as the Republican failure to pushed through a stalled U.S. healthcare bill raised fears about the rest of President Donald's Trump reform agenda.

Republican efforts to overhaul or repeal Obamacare collapsed in the U.S. Senate on

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

Global markets: Dollar`s decline, China optimism cheer Asia stocks, commodities

By Wayne Cole

SYDNEY- The dollar stayed on the defensive on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China's economy underpinned Asian shares and commodities.

The U.S. currency was near multi-month lows after the collapse of the Republicans' push to overhaul healthcare dealt a

Gold prices inch down as dollar creeps away from multi-month lows

BENGALURU - Gold prices edged lower on Wednesday as the dollar took a breather after plunging to multi-month lows, although fading prospects for U.S. monetary tightening this year and political gridlock in Washington continued to pressure the greenback.

The dollar stayed on the defensive and remained near over 10-month lows as investors wagered any further tightening

Global markets: Setback for Trump agenda leaves dollar stranded

LONDON - The dollar fell to a 10-month low on Tuesday, bearing the brunt of a selloff triggered by another setback to U.S. President Donald Trump's agenda and scaled back expectations for another rate hike at Federal Reserve this year.

The announcement overnight that two Republican senators would not support the latest version of the healthcare bill -- had led to

RBI sets rupee reference rate at 64.3301 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.3301 against the US dollar and 74.1469 for the euro. The corresponding rates were 64.3666 and 73.6933 yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.2917 and 57.39 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

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

Gold steady as cloudy U.S. rate hike outlook drags on dollar

BENGALURU - Gold prices held steady on Tuesday near two-week highs hit in the previous session, as the dollar hovered near multi-month lows on fading prospects for further U.S. rate hikes this year.

FUNDAMENTALS

* Spot gold was up 0.1 percent at $1,234.48 per ounce at 0033 GMT, after hitting its highest since July 3 at $1,235.94 in the previ

RBI sets rupee reference rate at 64.3666 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.3666 against the US dollar and 73.6933 for the euro. The corresponding rates were 64.4539 and 73.5677, as on July 14,2017. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.2173 and 57.12 per 100 yens, respectively, based on reference rates for the dollar and cross-cur

Gold up, poised for more gains on soft U.S. rate outlook

By Eric Onstad

LONDON- Gold climbed on Monday and was likely to see further gains after the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and less prospect of rate hikes.

"The dollar continues to be on the back foot and yields have dropped back somewhat from their relatively elevated positioning lately,"

Dollar, bond yields dip on inflation data as global stocks soar

By Herbert Lash

NEW YORK - The dollar weakened and government bond yields fell to multi-week lows on Friday after a benign reading of U.S. inflation in June and soft retail demand raised doubts the Federal Reserve would increase interest rates later this year.

The Dow and S&P 500 both closed at new records while gauges of global stock markets also scaled

Cautious Fed sends stocks to record highs, dollar dips

LONDON - Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.

After a scare at the end of last month, when stock markets skidded on the view that the era of easy mone

RBI sets rupee reference rate at 64.4539 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4539 against the US dollar and 73.5677 for the euro. The corresponding rates were 64.4384 and 73.7884, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.5451 and 56.90 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quo

Airbnb host to pay $5,000 for refusing Asian-American guest

A racist Airbnb host has been ordered to pay a $5,000 fine and take a college-level course in Asian-American studies after she cancelled reservation because the guest was Asian.

Dyne Suh, a 26-year-old law clerk, in February drove with friends to a mountain cabin in Big Bear, California, which she had booked via Airbnb. But after hours of driving in rain and snow, she received te

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

Gold prices ease in choppy trade as dollar, stocks advance

By Chris Prentice and Maytaal Angel

NEW YORK/LONDON  - Gold retreated from earlier gains on Thursday as the U.S. dollar turned higher and global stocks gained on upbeat data, even as investors wagered that policy tightening in the United States would be glacial at best.

Denting gold's safe-haven appeal, the MSCI world index hit a record high for the

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