Dollar five-year super-cycle is over: Barclays

LONDON  - Rises in U.S. interest rates will probably prop the dollar up over the next 18 months, but its multi-year run higher since 2012 looks to be over, strategists from British bank Barclays said in a note on Thursday.

The swifter recovery of U.S. banks and the U.S. economy after the global financial crisis of 2008 have funded a stronger dollar in recent year

RBI sets rupee reference rate at 64.4950 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4950 against the US dollar and 72.0732 for the euro. The corresponding rates were 64.6025 and 71.9413, as on June 21.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.7990 and 58.05 per 100 yens, respectively, based on reference rates for the dollar and cros

Rupee edges higher against US dollar

The Indian Rupee was trading higher against greenback on Thursday amid selling of dollar by banks and exporters. Adding to it, firmness in equity market also pushed the home currency higher.

The investors also took cues from the RBI policy minutes which revealed that it was for the first time that the decision of the monetary policy committee was not unanimous as Ravindra Dholakia had

Gold rises as oil price slump boosts safe haven demand

By Nithin ThomasPrasad

BENGALURU  - Gold prices rose for a second straight day on Thursday as risk averse sentiment amid weaker oil prices drove up the demand for the metal, with a softer dollar and weakness in U.S. Treasury yields also lending support.

Spot gold rose 0.5 percent to $1,252.41 per ounce at 0812 GMT. It rose 0.3 percent in the previous se

RBI sets rupee reference rate at 64.6025 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.6025 against the US dollar and 71.9413 for the euro.

corresponding rates were 64.4672 and 71.9583, as on June 20 According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.5348 and 58.07 per 100 yens, respectively, based on reference rates for the dollar and cross-cur

Qatar sovereign fund deposited dollars in local banks as precaution - bankers

By Tom Arnold and Tom Finn

DOHA  - Qatar's sovereign wealth fund made U.S. dollar deposits in some local banks last week as a precaution after Saudi Arabia and other Gulf states cut diplomatic and transport ties with Doha, Qatari commercial bankers said.

One Qatar-based banker, whose own institution received funds, said new deposits in the banking system by the Qata

Cheap debt allows private equity firms to reap more dividends

By Dasha Afanasieva and Lina Saigol

LONDON  - Private equity firms have used buoyant debt markets to take almost $3 billion in special payouts from European portfolio companies so far this year, quadrupling the same period in 2016.

Buyout firms typically invest in a company for up to five years before "exiting", but if they are unable or unwil

RBI sets rupee reference rate at 64.4672 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4672 against the US dollar and 71.9583 for the euro.

The corresponding rates were 64.3788 and 72.1043, as on June 19. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.1506 and 57.80 per 100 yens, respectively, based on reference rates for the dollar and cros

Rupee slips 4 paise against US dollar to 64.53

The Indian Rupee was trading lower against the greenback on Tuesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. The muted cues from the Indian equity markets and speculation that Fed may stick to rates hike programme later this year also weighed on home currency movement.

At the Interbank Foreign Exchange Market, the local cu

IMF to adopt new scheme to offer short-term dollar funds - Japanese government source

TOKYO - The International Monetary Fund will introduce a new facility to give countries swift access to short-term dollar funds to guard against a potential financial crisis, a Japanese government source with direct knowledge of the matter said on Tuesday.

The move would come amid concern held by some analysts that the Federal Reserve's monetary tightening path co

Gold recovers after hitting five-week low on dollar rally

By Maytaal Angel

LONDON - Gold prices rose on Tuesday after hitting a five-week low as the dollar steadied after reaching a 3-week peak following hawkish comments from an influential U.S. Federal Reserve official.

New York Fed President William Dudley said on Monday that labour market tightness should help drive up inflation, reinforcing the message that recent weak data is

Gold inches higher after five-week low as dollar gains on rate hike views

BENGALURU - Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance.

FUNDAMENTALS

* Spot gold  rose 0.1 percent to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week l

Rupee up 05 paise at 64.45 against US dollar

The Indian Rupee was trading higher against greenback on Monday amid selling of dollar by banks and exporters. Adding to it, firmness in equity market also pushed the home currency higher. Globally, Asian currencies were trading higher against US dollar as investors widened their bet ahead of Brexit negotiations between the U.K. and the European Union, while report that French President Emmanue

Asian currencies climb as soft economic data hurts dollar

By Shashwat Pradhan

 - Most emerging Asian currencies edged up on Monday, with the Korean won leading gains as the dollar was subdued by questions over the strength of the U.S. economy after weak economic data.

The dollar's rally on the back of rising interest rates was tempered by a fall in U.S. housing starts in May to the lowest in eight months a

Gold hits four-week low on firm dollar, Brexit talks lend support

By Pratima Desai

LONDON- Gold hit four-week lows on Monday as the dollar held firm ahead of comments from a top Federal Reserve official on U.S. monetary policy, but prices were supported by the start of talks on the terms of Britain's departure from the European Union.

Spot gold was down 0.2 percent at $1,250.4 an ounce at 1152 GMT, up from an earlier $

India`s Forex reserves slip by over $11 mn

 India's foreign exchange (Forex) reserves marginally decreased by over $11 million as on June 9, 2017.

The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $381.156 billion from $381.167 billion reported for the week ended June 2.

India's Forex reserves comprise of foreign curr

RBI sets rupee reference rate at 64.5883 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5883 against the US dollar and 72.0482 the euro. The corresponding rates were 64.2801 and 72.1094 yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.5116 and 58.05 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes a

U.S. accuses Chinese company of money-laundering for North Korea

WASHINGTON - The United States has accused a Chinese-based company of acting as a front for laundering money on behalf of a sanctioned North Korean bank and has filed a complaint seeking $1.9 million from it, U.S. prosecutors said on Thursday.

Mingzheng International Trading Limited has facilitated prohibited dollar transactions through the United States on behalf of

Stocks slip with tech, energy; dollar hits two-week highs

By Caroline Valetkevitch

NEW YORK  - Stock indexes around the world fell on Thursday as technology shares resumed their recent sell-off, while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar.

Energy stocks also fell as high global inventories pressured oil prices.

Investors have been selling tech s

Gold dips on firmer dollar amid talk of another rate hike

LONDON - Gold dipped on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year.

The losses were modest, however, with bullion underpinned by a myriad of global uncertainties, including reports that U.S. President Donald Trump was under investigation.

"Just like in previous rate

RBI sets rupee reference rate at 64.2801 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.2801 against the US dollar and 72.1094 for the euro. The corresponding rates were 64.3141and 72.1283, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.9121 and 58.62 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

Stocks fall, dollar pares losses after Fed decision

By Caroline Valetkevitch

NEW YORK - U.S. stocks mostly fell while the dollar cut its losses on Wednesday after the Federal Reserve delivered a widely expected U.S. interest rate hike.

A slide in technology stocks weighed on the Nasdaq and S&P 500 as investors worried about the pace of economic growth after the rate increase and weaker-than-expected

China's EXIM Bank plans more dollar, euro-denominated bonds this year

By Shu Zhang and Umesh Desai

BEIJING/HONG KONG - The Export-Import Bank of China (EXIM) plans to issue up to another $4 billion in euro- and dollar-denominated bonds this year, on top of $4 billion issued so far, as Beijing's Belt and Road initiative drives demand for foreign currency funds.

In a rare interview, Wang Kai, general manager of the poli

RBI sets rupee reference rate at 64.3141 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.3141 against the US dollar and 72.1283 for the euro. The corresponding rates were 64.4453 and 72.1465, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.1098 and 58.45 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quo