BUSINESS NEWS - TOP BUSINESS NEWS

Dollar holds near three-week high before CPI data; Bitcoin hovers above $120,000

Source: Reuters
2025-07-15 08:50:50 am

Rupee weakens against US dollar on Monday

The Indian rupee weakened against the US dollar on Monday amid a strengthening American currency and foreign fund outflows from the Indian capital market. Foreign institutional investors sold equities worth Rs 5,104.22 crore on a net basis on Friday, exchange data showed. While the latest RBI data released on Friday showed India's forex reserves dropping $3.049 billion to $699.736 billion in the week ended July 4. Rupee fell further on weak domestic equities with caution after US Presiden...

Rupee weakens against US dollar on Monday

Source: Accord Fintech
2025-07-14 11:35:34 am

Euro slips after Donald Trump threatens 30% tariffs on EU

The euro fell to a three-week low early on Monday while the Mexican peso also came under pressure after U.S. President Donald Trump threatened to impose a 30% tariff on imports from two of the largest U.S. trading partners beginning August 1. Trump on Saturday announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site. Both the European Union and Mexico des...

Euro slips after Donald Trump threatens 30% tariffs on EU

Source: Reuters
2025-07-14 10:32:09 am

Rupee set to decline at open, Donald Trump keeps tariff headlines rolling

The Indian rupee is likely to open weaker on Monday after fresh tariff threats from U.S. President Donald Trump intensified concerns over trade tensions, sparking risk aversion and weighing on Asian currencies. The 1-month non-deliverable forward indicated an open in the 85.90-85.94 range versus 85.80 on Friday. Most Asian currencies and shares dropped while U.S. equity futures extended Friday's losses. The 86-86.10 level remains a "clearly" defined support for the rupee, ...

Rupee set to decline at open, Donald Trump keeps tariff headlines rolling

Source: Reuters
2025-07-14 10:08:29 am

The Indian rupee weakened against the US dollar on Friday after the US President Donald Trump announced 35% tariffs on Canadian imports from next month. He further signalled blanket tariffs of 15-20% on most US trade partners, hinting that the European Union and Canada may receive their own tariff letters shortly. But, Special Secretary in the Department of Commerce Rajesh Agrawal said India is trying to negotiate and finalise a trade agreement with the US. Besides, weakness in domestic equit...

Rupee weakens against US dollar on Friday

Source: Accord Fintech
2025-07-11 11:49:25 am

Dollar rises, loonie falls as Donald Trump announces new tariffs

The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners. Most currencies initially held to tight ranges early in the Asian trading session, though the dollar later gained ground on the back of Trump's latest comments which added to the uncertainty around his evolving trade policy. The Canadian dollar was among the big...

Dollar rises, loonie falls as Donald Trump announces new tariffs

Source: Reuters
2025-07-11 09:22:26 am

Rupee expected to dip at open after Donald Trump mulls bigger tariff stick

The Indian rupee is poised to open lower on Friday, pressured by dollar's broad strength after U.S. President Donald Trump said he planned to impose blanket tariffs of 15% or 20% on most trade partners. The one-month non-deliverable forward indicated the local currency opening in the 85.70-85.74 range, versus 85.6350 on Thursday. "This slight up move (on dollar/rupee) does not change much in terms of the near-term direction," a currency trader at a bank said. "Inte...

Rupee expected to dip at open after Donald Trump mulls bigger tariff stick

Source: Reuters
2025-07-11 09:17:09 am

The Indian rupee strengthened against the US dollar on Thursday tracking weakness in the American currency overseas and foreign fund inflows into the Indian capital market. Foreign institutional investors bought equities worth Rs 77 crore on a net basis on Wednesday, according to exchange data. Rupee improved further as the US-India trade talks made modest progress with tariff deadline extensions on select Indian exports offering short-term relief, even as the 10% baseline tariff imposed by A...

Rupee strengthens against US dollar on Thursday

Source: Accord Fintech
2025-07-10 11:43:34 am

Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high

The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil where a threatened 50% levy sent the real sliding as much as 2.8% overnight. The dollar felt additional weight from a sharp decline in U.S. Treasury yields following a strong auction of 10-year notes on Wednesday, tempering worries about the "Sell America" narrative that had seen Treasuries, the dollar ...

Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high

Source: Reuters
2025-07-10 10:17:18 am

Rupee likely to open slightly higher, tracking Asia; Donald Trump tariff impact muted

The Indian rupee is likely to open marginally higher on Thursday, supported by the uptick in Asian peers and muted reaction to U.S. President Donald Trump’s latest tariff announcements. The 1-month non-deliverable forward indicated the rupee will open at 85.60-85.62 compared with 85.6725 in the previous session. The rupee has fluctuated between 85.30 and just below 86 over the past week, testing both sides of its recent range. In recent sessions, the rupee has been "choppy...

Rupee likely to open slightly higher, tracking Asia; Donald Trump tariff impact muted

Source: Reuters
2025-07-10 09:00:05 am

The Indian rupee weakened against the US dollar on Wednesday tracking firm American currency overseas and foreign fund outflows from the Indian capital market. Foreign institutional investors offloaded equities worth Rs 26.12 crore on a net basis on Tuesday, according to exchange data. Rupee weakened further after US President Donald Trump reiterated the 10% additional tariff on India as it belongs to the Brics group. Meanwhile, investors remained cautious ahead of the finalisation of an inte...

Rupee weakens against US dollar on Wednesday

Source: Accord Fintech
2025-07-09 11:45:53 am

Dollar at more than two-week high versus yen as trade war intensifies

The dollar strengthened to a more than two-week high against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners. The greenback advanced against major peers on Tuesday after Trump's latest threats of tariffs that are now due to start on August 1, but he later said he was open to extensions if countries made proposals. As the trading day in Asia began, Trump said on social me...

Dollar at more than two-week high versus yen as trade war intensifies

Source: Reuters
2025-07-09 09:56:47 am

Donald Trump`s tariff blitz to weigh on Indian rupee, hurts Asia FX

The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive. The 1-month non-deliverable forward indicated an open in the 85.74 to 85.78 range, versus 85.6950 in the previous session. "Trump keeps dropping headlines that make life tough for EM FX, and the rupee will react in kind," said a Mumbai-based currency trader at a bank. "If flows stay thin, we're...

Donald Trump`s tariff blitz to weigh on Indian rupee, hurts Asia FX

Source: Reuters
2025-07-09 09:11:54 am

The Indian rupee strengthened against the US dollar on Tuesday on the back of weaker American currency and decline in crude oil prices globally. Moreover, fresh foreign fund inflows also boosted the rupee sentiments. Foreign institutional investors bought equities worth Rs 321.16 crore on a net basis on Monday, exchange data showed. However, some gains were limited by US tariff concerns with the announcement of new 25% tariffs on imports from key trade partners, including Japan and South Kore...

Rupee strengthens against US dollar on Tuesday

Source: Accord Fintech
2025-07-08 11:54:04 am

Yen stumbles as Trump imposes 25% tariffs on Japan

The yen fell broadly on Tuesday while the dollar held steady as U.S. President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea in the latest development of his chaotic trade war. Trump on Monday began telling trade partners – from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher U.S. tariffs will start August 1. He later said that he was open to extensions if countries made proposals. The announcement rattled invest...

Yen stumbles as Trump imposes 25% tariffs on Japan

Source: Reuters
2025-07-08 09:03:12 am

Relief for rupee after India left out of US tariff hike; Asia shrugs off Trump move

The Indian rupee is likely to open marginally higher on Tuesday, helped by the calm in Asian markets despite U.S. President Donald Trump imposing higher tariffs on South Korea and Japan among others. Trump’s comments about nearing a trade agreement with India are supportive of the rupee, according to traders. The 1-month non-deliverable forward indicated a open in the 85.70-85.75 range, versus 85.8500 in the previous session. Trump on Monday sent letters to 14 countries, includ...

Relief for rupee after India left out of US tariff hike; Asia shrugs off Trump move

Source: Reuters
2025-07-08 08:51:08 am

15 pc of $23 trillion global gold market now held in India

While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday. Of the total mined gold ever, 65 per cent is in the form of jewellery, and a mere 5 per cent shift of global reserves into gold could trigger a sustained and significant rally in its price, according to the DSP Mutual Fund's July 2025 Netra report. Central bank gold reserves are rising, an...

15 pc of $23 trillion global gold market now held in India

Source: IANS
2025-07-07 02:50:56 pm

The Indian rupee weakened against the US dollar on Monday on account of muted domestic equity markets following foreign fund outflows. Foreign institutional investors offloaded equities worth Rs 760.11 crore on a net basis on Friday, exchange data showed. Rupee weakened further by trade deal concerns globally. The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, and President Donald Trump said the higher ...

Rupee weakens against US dollar on Monday

Source: Accord Fintech
2025-07-07 12:01:51 pm

Rupee strengthens against US dollar on Friday

The Indian rupee strengthened against the US dollar on Friday on the hopes of trade deals with the US. Traders took support as the newly appointed Confederation of Indian Industry (CII) President Rajiv Memani said that the country’s economy is likely to grow 6.4-6.7 per cent during the current financial year (FY26) driven by strong domestic demand, even as geopolitical uncertainty poses downside risks. The partially convertible currency is currently trading at 85.36, stronger b...

Rupee strengthens against US dollar on Friday

Source: Accord Fintech
2025-07-04 12:00:16 pm

The Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities as investors awaited signs of progress on the US-India trade deal. Moreover, weakness in crude oil prices and fed rate cut hopes have also supported rupee sentiments. However, foreign fund outflows and persistent demand for dollars by the central bank have limited further gains for the rupee. Foreign institutional investors offloaded equities worth Rs 1,561.62 crore on a net basis on Wednesday, exc...

Rupee strengthens against US dollar on Thursday

Source: Accord Fintech
2025-07-03 11:49:14 am

The Indian rupee weakened against the US dollar on Wednesday, tracking sluggish domestic equities as the market awaits the conclusion of India-US trade deal, which is at its final stage. Rupee sentiments weakened further by foreign fund outflows from capital markets. Foreign institutional investors (FIIs) offloaded equities worth Rs 1,970.14 crore on a net basis on Tuesday, according to exchange data. However, some fall was limited by weakness in the American currency against its major peers ...

Rupee weakens against US dollar on Wednesday

Source: Accord Fintech
2025-07-02 12:38:54 pm

Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus

The U.S. dollar hunkered near its lowest since February 2022 against major peers on Wednesday, as traders considered dovish hints from Federal Reserve Chair Jerome Powell, along with the potential impact of President Donald Trump's spending bill. The greenback was pinned near its weakest since September 2021 on the euro, and was close to its lowest since January 2015 versus the Swiss franc. Powell reiterated on Tuesday at the European Central Bank's annual conference in Sintra, ...

Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus

Source: Reuters
2025-07-02 09:16:08 am

Rupee expected to track Asia forex lower on renewed Trump tariff worries

The Indian rupee is expected to open lower on Wednesday, tracking declines in most other Asian currencies and equities amid renewed worries over U.S. President Donald Trump's tariffs. The 1-month non-deliverable forward indicated a open in the 85.62-85.64 range, versus 85.52 on Tuesday. The rupee has been largely range bound in recent sessions, holding between the key support zone at 85.90–86.00 and resistance near 85.30. "Both of these levels are difficult to break,"...

Rupee expected to track Asia forex lower on renewed Trump tariff worries

Source: Reuters
2025-07-02 09:02:58 am

Remittances by Indians working abroad scale record high of $135 billion in FY25

The remittances sent back home by Indians working abroad have registered a 14 per cent rise in the financial year 2024-25 to a record $135.46 billion, according to data compiled by the RBI. The RBI said the inflows, classified under “private transfers”, accounted for more than 10 per cent of India’s gross current account flows of $1 trillion in FY25. Personal transfer receipts, mainly representing remittances by Indians employed overseas, rose to $33.9 billion in...

Remittances by Indians working abroad scale record high of $135 billion in FY25

Source: IANS
2025-07-01 02:15:40 pm

The Indian rupee strengthened against the US dollar on Tuesday, tracking firm domestic equities and subdued crude oil prices. Rupee improved further by weakness in the US dollar index as US President Donald Trump’s growing influence on Federal Reserve policy including plans to replace Fed Chair Powell has unnerved investors and revived fears over the central bank's independence. Rupee also supported by the CGA data showed the central government's fiscal deficit fell sharply to 0...

Rupee strengthens against US dollar on Tuesday

Source: Accord Fintech
2025-07-01 12:17:10 pm

Dollar drops versus yen, Swiss franc as Trump's tax bill and tariffs weigh

The U.S. dollar weakened on Tuesday, falling the most against the Japanese yen and the Swiss franc, as President Donald Trump's massive tax-cut and spending bill stoked fiscal worries and uncertainty around trade deals weighed on sentiment. Investors have also started wagering on a quicker pace of monetary policy easing by the Federal Reserve this year ahead of a slew of U.S. economic data this week, headlined by Thursday's nonfarm payrolls report. That spurred dollar-...

Dollar drops versus yen, Swiss franc as Trump's tax bill and tariffs weigh

Source: Reuters
2025-07-01 09:23:44 am

Rupee gains alongside Asian peers as US policy worries trouble dollar

The Indian rupee strengthened on Tuesday, alongside most Asian peers, as worries over U.S. President Donald Trump's fiscal policies and uncertainty around trade deals kept the dollar pinned at a more than three-year low against major peers. The rupee closed at 85.52 per U.S. dollar, up about 0.3% on the day. While the rupee strengthened on the day, it was unable to hold onto gains above the 85.50 mark, with traders pointing to bids from a large state-run bank and a few local private...

Rupee gains alongside Asian peers as US policy worries trouble dollar

Source: Reuters
2025-07-01 08:55:17 am

Rupee strengthens marginally against US dollar on Monday

The Indian rupee strengthened marginally against the US dollar on Monday supported by a weaker greenback, cooling crude oil prices, and improving investor risk appetite. Some support came with exchange data showed foreign institutional investors (FIIs) were net buyers on June 27, purchasing equities worth Rs 1,397.02 crore. Traders took note of report that Reserve Bank of India (RBI) in its latest report ‘India’s Balance of Payments during the Fourth Quarter (January-March) of 202...

Rupee strengthens marginally against US dollar on Monday

Source: Accord Fintech
2025-06-30 12:04:00 pm

The Indian rupee strengthened against the US dollar on Friday, followed by strong foreign fund inflows, firm domestic equity markets and easing concerns about Middle East tensions. Foreign institutional investors bought equities worth Rs 12,594.38 crore on a net basis on Thursday, exchange data showed. Rupee improved further amid expectations of a Federal Reserve rate cut in September, and possibly earlier. Although, a rise in global crude oil prices and a slightly stronger American currency ...

Rupee strengthens against US dollar on Friday

Source: Accord Fintech
2025-06-27 11:42:41 am

The Indian rupee strengthened against the US dollar on Thursday amid easing West Asia tensions and focus shifted to the upcoming US trade tariff deadline of July 9. Rupee improved further after the American currency softened amid an increase of bets on US interest-rate cuts on growing expectations that the next Federal Reserve chairman is likely to ease monetary policy earlier than currently anticipated. However, some gains were limited by firm crude oil prices and continued outflows by forei...

Rupee strengthens against US dollar on Thursday

Source: Accord Fintech
2025-06-26 11:20:24 am

Rupee strengthens against US dollar on Wednesday

The Indian rupee strengthened against the US dollar on Wednesday tracking firm domestic equities following hopes of an end to hostilities between Israel and Iran. Although some gains were limited by hawkish commentary from Fed Chair Powell, New York Fed President Williams, and Atlanta Fed President Bostic, who said they are in no hurry to cut interest rates. An increase in global crude oil prices, firm American currency and foreign fund outflows have also capped further gains in the local uni...

Rupee strengthens against US dollar on Wednesday

Source: Accord Fintech
2025-06-25 12:25:55 pm

The Indian rupee strengthened against the US dollar on Tuesday as crude oil prices fell after the US President Donald Trump announced a complete and total ceasefire between Iran and Israel, that will end all military hostilities between the two countries. Besides, strong domestic equities and weak American currency have boosted the rupee sentiment. Rupee improved further after Federal Reserve policy maker Michelle Bowman said the US central bank should consider interest rate cuts soon. The ma...

Rupee strengthens against US dollar on Tuesday

Source: Accord Fintech
2025-06-24 12:09:27 pm

The Indian rupee weakened against the US dollar on Monday as US attack on three nuclear facilities in Iran raised fears of a broader regional conflict. Moreover, surging global crude oil prices, weak domestic equities and strengthening American currency also put pressure on the rupee. Meanwhile, investors are cautiously awaiting remarks from the US Federal Reserve Chair Jerome Powell, scheduled for Tuesday for further cues on the Fed’s next policy moves. However, an increase in foreign ...

Rupee weakens against US dollar on Monday

Source: Accord Fintech
2025-06-23 12:50:56 pm

India`s forex reserves increase to $698.95 billion

India's foreign exchange reserves shot up by another $2.29 billion to $698.95 billion for the week ended June 13, data released by the RBI on Friday showed. The country’s forex kitty stood at $696.66 billion in the preceding week ended on June 6, registering an increase $5.17 billion. With a close to $7.5 billion rise over the fortnight, India’s foreign exchange reserves are nearing the all-time high of $704.885 billion that was recorded at September-end last year. ...

India`s forex reserves increase to $698.95 billion

Source: IANS
2025-06-20 06:32:48 pm

Below the Quote on Rupee 20 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Rupee traded positive with gains of 0.15 at 86.57, supported by softer crude oil prices and a weaker dollar index. Continued FII and DII inflows into Indian markets have helped limit the rupee's downside despite ongoing geopolitical tensions over the past few months. The rupee is expected to trade in a range of 86.00 to 86.85." Abo...

Quote on Rupee 20 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2025-06-20 03:52:29 pm

The Indian rupee strengthened against the US dollar on Friday, tracking firm domestic equities and renewed foreign fund inflows. Foreign institutional investors bought equities worth Rs 934.62 crore on a net basis on Thursday, exchange data showed. Moreover, a decline in global crude oil prices and a weakening American currency also supported rupee sentiments. Even though cautiousness over the escalating Israel-Iran war limited further gains in rupee. The partially convertible cu...

Rupee strengthens against US dollar on Friday

Source: Accord Fintech
2025-06-20 12:08:55 pm

Dollar set for weekly rise as Middle East conflict fuels safe-haven demand

The dollar was set for its biggest weekly rise in more than a month on Friday, as uncertainties about a raging war in the Middle East and the potential repercussions for the global economy fuelled an appetite for traditional safe havens. Israel and Iran have been waging a week-long air battle as the Israeli government seeks to thwart Tehran's nuclear ambitions and market participants are nervous about possible U.S. attacks on Iran, sparking a surge in the greenback. The dollar index...

Dollar set for weekly rise as Middle East conflict fuels safe-haven demand

Source: Reuters
2025-06-20 08:45:55 am

Rupee gains slightly to cap week clouded by Middle East conflic

The Indian rupee ended modestly higher on Friday but fell for a second consecutive week as the conflict between Iran and Israel remained the key driver for global markets and kept energy prices elevated, pressuring oil-sensitive currencies in Asia. The rupee ended at 86.5850, up from its close of 86.7225 in the previous session. It was down nearly 0.6% on the week. While escalating tensions in the Middle East kept risk appetite under pressure for much of the week, markets found some rel...

Rupee gains slightly to cap week clouded by Middle East conflic

Source: Reuters
2025-06-20 08:42:44 am

News

Rupee weakens against US dollar on Friday

Pause in dollar rally offers relief to rupee after 86 breach

Dollar set for weekly gain as firm US data tempers Fed easing bets

Rupee strengthens against US dollar on Thursday

Rupee contends with weak Asia, Fed leadership speculation

Dollar on shaky ground as markets fret about Fed independence

Rupee weakens against US dollar on Wednesday

Tariff-tinged US inflation boosts dollar, set to weigh on rupee

Dollar rides Treasury yields higher as Donald Trump`s tariffs begin to bite

Rupee strengthens against US dollar on Tuesday

Dollar holds near three-week high before CPI data; Bitcoin hovers above $120,000

Rupee weakens against US dollar on Monday

Euro slips after Donald Trump threatens 30% tariffs on EU

Rupee set to decline at open, Donald Trump keeps tariff headlines rolling

Rupee weakens against US dollar on Friday

Dollar rises, loonie falls as Donald Trump announces new tariffs

Rupee expected to dip at open after Donald Trump mulls bigger tariff stick

Rupee strengthens against US dollar on Thursday

Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high

Rupee likely to open slightly higher, tracking Asia; Donald Trump tariff impact muted

Rupee weakens against US dollar on Wednesday

Dollar at more than two-week high versus yen as trade war intensifies

Donald Trump`s tariff blitz to weigh on Indian rupee, hurts Asia FX

Rupee strengthens against US dollar on Tuesday

Yen stumbles as Trump imposes 25% tariffs on Japan

Relief for rupee after India left out of US tariff hike; Asia shrugs off Trump move

15 pc of $23 trillion global gold market now held in India

Rupee weakens against US dollar on Monday

Rupee strengthens against US dollar on Friday

Rupee strengthens against US dollar on Thursday

Rupee weakens against US dollar on Wednesday

Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus

Rupee expected to track Asia forex lower on renewed Trump tariff worries

Remittances by Indians working abroad scale record high of $135 billion in FY25

Rupee strengthens against US dollar on Tuesday

Dollar drops versus yen, Swiss franc as Trump's tax bill and tariffs weigh

Rupee gains alongside Asian peers as US policy worries trouble dollar

Rupee strengthens marginally against US dollar on Monday

Rupee strengthens against US dollar on Friday

Rupee strengthens against US dollar on Thursday

Rupee strengthens against US dollar on Wednesday

Rupee strengthens against US dollar on Tuesday

Rupee weakens against US dollar on Monday

India`s forex reserves increase to $698.95 billion

Quote on Rupee 20 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Rupee strengthens against US dollar on Friday

Dollar set for weekly rise as Middle East conflict fuels safe-haven demand

Rupee gains slightly to cap week clouded by Middle East conflic