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Dollar firms as US rates outlook dominates The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. In a holiday-curtailed week, trading volumes are likely to thin out as the year-end approaches. The lack of major economic data releases also means the rates theme is likely to remain the main driver of moves in the foreign exchange market. The yen was pinned near a five-month low and last stoo...
Dollar firms as US rates outlook dominates
Dollar firms as US rates outlook dominates
Source: Reuters
2024-12-24 09:12:16 am
Rupee to hover near record low amid rise in US Treasury yields  The Indian rupee may open near its all-time low on Tuesday and continue to trade with a mild depreciation bias, pressured by a rise in U.S. bond yields, with traders expecting the domestic central bank to intervene to keep a lid on sharp declines. The one-month non-deliverable forward indicated that the rupee will open at 85.10-85.11 to the U.S. dollar, compared with 85.1175 in the previous session. The rupee had weakened to its lifetime low of 85.12 on Monday. The domestic curren...
Rupee to hover near record low amid rise in US Treasury yields
Rupee to hover near record low amid rise in US Treasury yields
Source: Reuters
2024-12-24 09:06:09 am
Rupee weakens against US dollar on Monday Indian rupee weakened against US dollar on Monday, tracking strengthening American currency, higher crude oil prices and fear of delayed interest rate cuts by the US Federal Reserve in 2025, while unabated outflow of foreign funds has also putting pressure on rupee. Foreign Institutional Investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 3,597.82 crore, exchange data showed. The latest RBI data showed India's forex reserves dropped by $1.988 bil...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-23 11:48:42 am
Dollar steady after benign US inflation eases worries over rates The dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar, raising the possibility of intervention. Investor sentiment was also lifted when a U.S. government shutdown was averted by congress' passage of spending legislation early on Saturday. In a holiday-curtailed week, trading volumes are likely to thin out as the year-end approaches. ...
Dollar steady after benign US inflation eases worries over rates
Dollar steady after benign US inflation eases worries over rates
Source: Reuters
2024-12-23 09:13:19 am
India rupee seen under pressure, bonds to track US peers The Indian rupee may remain pressured this week by a broadly stronger U.S. dollar after the Federal Reserve forecast fewer rate cuts next year, while government bond yields will track moves in Treasuries. The rupee hit a record low of 85.10 against the dollar on Friday and closed down 0.2% for the week, its seventh consecutive weekly decline. [INR/] Interventions by the Reserve Bank of India (RBI) supported the currency, while its regional peers fell as much as 1.2%, sending emerging ma...
India rupee seen under pressure, bonds to track US peers
India rupee seen under pressure, bonds to track US peers
Source: Reuters
2024-12-23 09:09:54 am
US, South Korea conducting joint research to block North Korean crypto heists South Korea and the United States are conducting joint research to strengthen protection against cryptocurrency heist attempts amid growing concerns of such attacks by North Korea-linked hackers, officials said on Sunday.  Based on a recently signed technical annex between the South Korean government and the U.S. Department of Homeland Security, the two sides will jointly develop technologies to prevent cryptocurrency-targeted attacks and to track stolen assets, according to authoriti...
US, South Korea conducting joint research to block North Korean crypto heists
US, South Korea conducting joint research to block North Korean crypto heists
Source: IANS
2024-12-23 09:08:21 am
Rupee may find breathing space as dollar retreats from two-year peak  The Indian rupee is likely to open little changed on Monday, after hitting an all-time low in the previous session, and could log modest gains after the dollar retreated from a two-year peak in light of a lower-than-expected U.S. inflation print. The 1-month non-deliverable forward indicated that the rupee will open near 85.02-85.03 to the U.S. dollar compared with its close at 85.0150 in the previous session. The rupee declined to its all-time low of 85.10 early on Friday but rec...
Rupee may find breathing space as dollar retreats from two-year peak
Rupee may find breathing space as dollar retreats from two-year peak
Source: Reuters
2024-12-23 08:57:31 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened from its all-time low level against the US dollar on Friday, even as strong economic data and Federal Reserve's hawkish tilt pushed US dollar to 2 year high. An unexpected upward revision to third-quarter US GDP, a dip in jobless claims and an upside surprise in existing home sales showed resilience in the US economy and weakening the need for imminent rate cuts. Likely intervention by the Reserve Bank of India helped rupee to strengthen against the dollar. Howev...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-20 12:06:26 pm
Rupee hits all-time low as dollar extends climb, RBI likely steps in The Indian rupee weakened to its record low on Friday, hurt by persistent dollar strength after strong U.S. economic data reinforced the Federal Reserve's hawkish tilt while likely intervention by the Reserve Bank of India capped the currency's losses. The rupee declined to 85.10 against the U.S. dollar in early trading, inching past its previous record low of 85.0850 hit on Thursday. The local unit was last quoted at 85.0975 as of 10:00 a.m. IST. State-run banks were spotted of...
Rupee hits all-time low as dollar extends climb, RBI likely steps in
Rupee hits all-time low as dollar extends climb, RBI likely steps in
Source: Reuters
2024-12-20 11:01:27 am
Dollar set to end week on a high, yen at five-month low  The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session sparked by a broad rally in the greenback. That drove its peers to milestone lows with the South Korean won sinking to a 15-year trough, the Canadian dollar tumbling to its weakest in more than four year...
Dollar set to end week on a high, yen at five-month low
Dollar set to end week on a high, yen at five-month low
Source: Reuters
2024-12-20 09:05:38 am
No relief for rupee as robust US data supports Fed`s hawkish stance The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view that the Federal Reserve will cut interest rates at a measured pace next year. The one-month non-deliverable forward indicated that the rupee will open at 85.06-85.08 to the U.S. dollar, near its lifetime low of 85.0850 hit on Thursday. The dollar index and U.S. yields extended their post-Fed rally on Thursday. The 10-year U.S. yield hit nearly 4.60%, the highest in ...
No relief for rupee as robust US data supports Fed`s hawkish stance
No relief for rupee as robust US data supports Fed`s hawkish stance
Source: Reuters
2024-12-20 09:00:14 am
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook  The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve's hawkish commentary on rate cut outlook.  The U.S. Fed meeting which was held on Wednesday, shifted its focus towards maximum employment and price stability, the FOMC halved the number of rate cuts expected for 2025. After the US Fed's decision, there was a strong rally in the dollar and the dollar index crossed the 108 level. Apart ...
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook
Source: IANS
2024-12-19 01:56:21 pm
Rupee weakens against US dollar on Thursday Indian rupee weakened to an all-time low of 85.0750 against the US dollar on Thursday, tracking gains in American currency overseas after US Fed chair Jerome Powell-led rate-setting panel cut key interest rates by 25 bps and flagged a slower pace of interest rate cuts next year. Moreover, dollar demand from importers, foreign fund outflows and sluggish domestic equities have also further dented investor sentiments. Foreign Institutional Investors offloaded Rs 1,316.81 crore in the capital mar...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-12-19 11:49:51 am
Dollar charges ahead, yen flinches lower after BOJ holds The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates. The BOJ kept interest rates steady on Thursday as expected, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2% target. The yen fell in the immediate aftermath of the decision, weakening roughly...
Dollar charges ahead, yen flinches lower after BOJ holds
Dollar charges ahead, yen flinches lower after BOJ holds
Source: Reuters
2024-12-19 09:08:45 am
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn The Indian rupee may dip past 85 for the first time on Thursday after Federal Reserve officials signalled fewer rate cuts in 2025, sending the dollar index to its highest in two years. The one-month non-deliverable forward indicated that the rupee will open at 85.04-85.06 to the U.S. dollar compared with 84.9525 in the previous session. Overnight, U.S. equities plunged, Treasury yields rose and the dollar index soared after the Fed indicated a much slower pace of rate cuts than previous...
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Source: Reuters
2024-12-19 08:45:36 am
Rupee weakens against US dollar on Wednesday Indian rupee weakened and hit a new intraday record low of 84.9375 against the US dollar on Wednesday ahead of the US Fed interest rate decision. The US Federal Reserve is expected to lower its benchmark interest rate by 25 basis points at the conclusion of its two-day meeting later today. Moreover, dollar demand from importers and foreign banks, sluggish domestic equities, foreign fund outflows and rising trade deficit have also dented investor sentiments. Foreign Institutional Investors off...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2024-12-18 12:03:36 pm
Dollar steady against peers as Fed rate cut looms The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Focus will fall on policymakers' new economic p...
Dollar steady against peers as Fed rate cut looms
Dollar steady against peers as Fed rate cut looms
Source: Reuters
2024-12-18 09:09:32 am
Rupee to linger near all-time low before Fed rate forecasts The Indian rupee is likely to hold near lifetime lows on Wednesday, with traders awaiting the Federal Reserve's projections on how many times it will cut interest rates next year. The one-month non-deliverable forward indicated that the rupee will mostly unchanged from 84.8950 in the previous session. The dollar index was little changed on Wednesday, just below 107. Asian currencies were mixed and rangebound. "Today's FOMC (Federal Open Market Committee) could spark anot...
Rupee to linger near all-time low before Fed rate forecasts
Rupee to linger near all-time low before Fed rate forecasts
Source: Reuters
2024-12-18 09:01:13 am
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news  Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected U.S. interest rate cut. In Japan, auto shares leapt on hopes that talks between Honda and Nissan heralded industry consolidation. The S&P 500 edged 0.4% lower overnight but MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Japan's Nikkei was 0.3% lower but a record 22...
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Source: Reuters
2024-12-18 08:56:13 am
Rupee weakens marginally against US dollar on Tuesday Indian rupee weakened marginally and hit a new lifetime low against the US dollar on Tuesday, tracking sluggish domestic equities, foreign fund outflows and dollar demand from importers and foreign banks. Foreign Institutional Investors offloaded Rs 278.70 crore in the capital markets on net basis on Monday, exchange data showed. Rupee fell further after data showed India's exports in November contracted by 4.85% year-on-year to $32.11 billion, while the trade deficit widened to an all-ti...
Rupee weakens marginally against US dollar on Tuesday
Rupee weakens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-12-17 11:48:40 am
Record trade deficit adds to rupee`s challenges, may open to all-time low The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The 1-month non-deliverable forward indicated that the rupee will open at 84.88-84.90 to the U.S. dollar compared with 84.8625 in the previous session. The rupee hit a lifetime low of 84.88 last Thursday. The jump in gold imports and weak exports p...
Record trade deficit adds to rupee`s challenges, may open to all-time low
Record trade deficit adds to rupee`s challenges, may open to all-time low
Source: Reuters
2024-12-17 09:14:09 am
Dollar supported as bets on 2025 rate cuts evaporate The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from the year's lows at $1.0518. The gap between U.S. and German ten-year yields is 216 basis points and has widened nearly 70 bps in three months. The yen was on the back foot for a seventh consecutive ses...
Dollar supported as bets on 2025 rate cuts evaporate
Dollar supported as bets on 2025 rate cuts evaporate
Source: Reuters
2024-12-17 09:07:29 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracking sluggish domestic equities, elevated crude oil prices, and dollar demand from importers and foreign banks, while RBI data showed India's forex reserves dropped by $3.235 billion to $654.857 billion for the week ended December 6. However, some weakness were limited by foreign fund inflows into Indian capital markets and weak American currency overseas. Foreign Institutional Investors purchased Rs 2,335.32 crore in the capital m...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-16 12:04:37 pm
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Indian rupee, bonds to be guided by Fed policy decision  The Indian rupee and government bonds will take cues from the Federal Reserve's policy decision this week, with investors keeping an eye out for hawkish revisions to future U.S. interest rate projections. The rupee closed at 84.7875 against the U.S. dollar on Friday, down 0.1% on the week. It hit a record low of 84.88 earlier last week. Elevated dollar bids in the non-deliverable forwards market, along with expectations of a dovish tilt in monetary policy following the appoint...
Indian rupee, bonds to be guided by Fed policy decision
Indian rupee, bonds to be guided by Fed policy decision
Source: Reuters
2024-12-16 09:07:10 am
Indian rupee to face renewed pressure as US yields climb The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. The 1-month non-deliverable forward indicate that the rupee will open at 84.82-84.83 to the U.S. dollar compared with its previous close of 84.7875. The local currency inched up 0.1% on Friday, thanks to likely dollar sales by the central bank and possible inflows, according to traders. "In the context" of h...
Indian rupee to face renewed pressure as US yields climb
Indian rupee to face renewed pressure as US yields climb
Source: Reuters
2024-12-16 08:59:40 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened from its all-time low against the US dollar on Friday tracking better-than-expected domestic inflation data. Data showed India’s retail inflation declined in November to 5.48% and came within the Reserve Bank's tolerance limit, creating headroom for interest rate cut at the central bank's rate-setting panel meeting under new Governor Sanjay Malhotra in February. However, firm American currency and foreign fund outflows have limited the recovery in domes...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-13 11:39:33 am
Dollar set for best week in a month on cut-then-wait Fed outlook The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions. The U.S. currency was also supported against the euro and Swiss franc following rate cuts at those central banks a day earlier, and versus the yen amid speculation the Bank of Japan will forgo a rate hike at its meeting next week. The dollar index, which mea...
Dollar set for best week in a month on cut-then-wait Fed outlook
Dollar set for best week in a month on cut-then-wait Fed outlook
Source: Reuters
2024-12-13 09:00:44 am
Rupee weakness to persist on rally in dollar, US yields The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The one-month non-deliverable forward indicated that the rupee will open at 84.87-84.88 to the dollar, compared with 84.8575 in the previous session and near the all-time low of 84.88 hit on Thursday. The dollar index climbed past the 107 handle in the New York session on Thursday to its highest in more than two weeks. Th...
Rupee weakness to persist on rally in dollar, US yields
Rupee weakness to persist on rally in dollar, US yields
Source: Reuters
2024-12-13 08:57:11 am
Rupee weakens to near all-time low against US dollar on Thursday Indian rupee weakened to near all-time low against the US dollar on Thursday on the back of foreign fund outflows from the Indian capital market and rising crude oil prices. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 1,012.24 crore, exchange data showed. Moreover sluggish domestic equities also weighed on rupee, even after US CPI inflation came on expected lines fuelling bets of a 25 basis point rate cut by the Feder...
Rupee weakens to near all-time low against US dollar on Thursday
Rupee weakens to near all-time low against US dollar on Thursday
Source: Accord Fintech
2024-12-12 12:04:08 pm
Dollar holds steady despite rate cut bets; Aussie rises after jobs data The U.S. dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields even as market players bet the U.S. Federal Reserve will cut interest rates next week. The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. The greenback held on to a hefty portion of the previous day's...
Dollar holds steady despite rate cut bets; Aussie rises after jobs data
Dollar holds steady despite rate cut bets; Aussie rises after jobs data
Source: Reuters
2024-12-12 09:00:28 am
Rupee slips to record low but central bank steps in to curb losses The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards (NDF) market and from importers while intervention by the central bank kept a lid on losses, traders said. The rupee weakened to a low of 84.88 to the U.S. dollar, down 0.04% on the day. The currency was quoted at 84.8750 at 10:00 a.m. IST. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India (RBI), traders said. Heightened d...
Rupee slips to record low but central bank steps in to curb losses
Rupee slips to record low but central bank steps in to curb losses
Source: Reuters
2024-12-12 08:54:08 am
Rupee strengthens marginally against the US dollar on Wednesday Indian rupee strengthened marginally against the US dollar on Wednesday, despite volatility in the domestic equity benchmark indices ahead of key inflation data later in the day that could influence the Federal Reserve’s interest rate decision. Meanwhile, foreign fund inflows and steady dollar index have supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 1,285.96 crore, exchange data showed. Al...
Rupee strengthens marginally against the US dollar on Wednesday
Rupee strengthens marginally against the US dollar on Wednesday
Source: Accord Fintech
2024-12-11 12:33:11 pm
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of Federal Reserve interest rate cuts. The Australian dollar sagged near a four-month low after a dovish tilt to the central bank's policy outlook a day earlier. That also weighed on New Zealand's kiwi, which languished near a one-year trough. Investors will also watch headlines from China's closed-door Central Ec...
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
Source: Reuters
2024-12-11 09:07:23 am
Rupee likely to maintain downward drift, RBI counted on to cap losses Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the local currency that may push it to another lifetime low, but traders expect the central bank's intervention to limit sharp losses. The one-month non-deliverable forward indicated that the rupee may open near 84.88, compared to its all-time low of 84.8575 hit in the previous session. The currency had closed at 84.8525 on Tuesday. The rupee cam...
Rupee likely to maintain downward drift, RBI counted on to cap losses
Rupee likely to maintain downward drift, RBI counted on to cap losses
Source: Reuters
2024-12-11 09:01:03 am
Rupee strengthens marginally against US dollar on Tuesday Indian rupee strengthened marginally and recovered from its all-time low against the US dollar on Tuesday, tracking firm domestic equities and fresh foreign fund inflows into the Indian capital market. Foreign Institutional Investors were net buyers in the capital markets on Monday, as they purchased shares worth Rs 724.27 crore, exchange data showed. Meanwhile, the appointment of the new Reserve Bank of India (RBI) Governor Sanjay Malhotra increased expectations of interest rate cuts next ye...
Rupee strengthens marginally against US dollar on Tuesday
Rupee strengthens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-12-10 11:54:38 am
Dollar edges higher before CPI; Aussie steady as RBA decision looms The U.S. dollar edged to the highest level this month against the yen on Tuesday as traders looked ahead to a reading of U.S. inflation due the following day for further clues on the path of Federal Reserve policy. The Australian dollar held its ground heading into a central bank interest rate decision later in the day, after the currency rebounded on Monday from a four-month low. The U.S. dollar added 0.16% to 151.45 yen as of 0121 GMT, and earlier touched 151.55 for the first time sin...
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Source: Reuters
2024-12-10 09:03:13 am
Rupee poised for all-time low as RBI change of guard spurs rate cut hopes The Indian rupee is likely to weaken to its lifetime low on Tuesday after the government named career civil servant Sanjay Malhotra to replace outgoing Reserve Bank of India Governor Shaktikanta Das, prompting heightened expectations of rate cuts next year. The 1-month non-deliverable forward indicated that the rupee will open at around 84.80-84.82 to the U.S. dollar, eclipsing its previous all-time low of 84.7575 and lower from its close of 84.73 in the previous session. Malhotra, who ...
Rupee poised for all-time low as RBI change of guard spurs rate cut hopes
Rupee poised for all-time low as RBI change of guard spurs rate cut hopes
Source: Reuters
2024-12-10 08:53:58 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracked by weak domestic equities and foreign fund outflows from the Indian capital markets with caution ahead of the US and domestic inflation readings this week. Foreign Institutional Investors offloaded Rs 1,830.31 crore in the capital markets on net basis on Friday, exchange data showed. Further, firm American currency against its major peers overseas and rising tensions in the Middle East following the overthrow of Syrian President Ba...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-09 11:53:29 am
Loonie, Aussie in focus while US dollar extends gains The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies lost a bit more ground to a strong U.S. dollar. With a quarter-point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. Morgan Stanley analysts even recommend being short U....
Loonie, Aussie in focus while US dollar extends gains
Loonie, Aussie in focus while US dollar extends gains
Source: Reuters
2024-12-09 11:35:34 am
Rupee tipped to drift lower as buoyant dollar pressures Asia FX  The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration's policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee would open at 84.69-84.70 to the U.S. dollar, compared with its close of 84.6875 in the previous session. The odds of a 25-basis point rate at the Fed's Dec. 17-18 meeting have risen -- to 83% fro...
Rupee tipped to drift lower as buoyant dollar pressures Asia FX
Rupee tipped to drift lower as buoyant dollar pressures Asia FX
Source: Reuters
2024-12-09 09:06:23 am
Indian rupee, bonds to take cues from inflation prints The Indian rupee is expected to be range-bound, along with government bond yields, as they take cues from local and U.S. inflation data this week that is likely to influence expectations of potential rate cuts by central banks. The rupee closed at 84.6875 against the U.S. dollar on Friday, down 0.2% week-on-week. The currency had declined to its all-time low of 84.7575 earlier in the week. While the rupee has faced pressure over the past two months, a pickup in portfolio inflows and growing e...
Indian rupee, bonds to take cues from inflation prints
Indian rupee, bonds to take cues from inflation prints
Source: Reuters
2024-12-09 09:01:43 am
India cenbank takes steps to increase forex inflows to boost struggling rupee The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the account is maintained in a foreign currency, the depositor is not exposed to exchange rate risk, making it attractive for NRIs. The cen...
India cenbank takes steps to increase forex inflows to boost struggling rupee
India cenbank takes steps to increase forex inflows to boost struggling rupee
Source: Reuters
2024-12-06 12:54:45 pm
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday after Reserve Bank of India slashed the cash reserve ratio by 50 basis points to 4%, which has offset the RBI Monetary Policy Committee’s decision to keep the repo rate unchanged at 6.5%. Moreover, fresh foreign fund inflows also supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 8,539.91 crore, exchange data showed. However, firm Ameri...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-06 12:03:44 pm
Currency markets brace for US jobs report amid political turmoilt Major currencies remained jittery on Friday as markets awaited U.S. job data and considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea. The U.S. dollar briefly spiked against South Korea's won after local media reported that the nation's main opposition Democratic Party said lawmakers were on standby after receiving reports of another martial law declaration. The won was last ...
Currency markets brace for US jobs report amid political turmoilt
Currency markets brace for US jobs report amid political turmoilt
Source: Reuters
2024-12-06 09:02:56 am
Dollar retreat to boost rupee before RBI rate decision The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. The 1-month non-deliverable forward indicated that the rupee will open at 84.68-84.70 to the U.S. dollar, compared with 84.7325 in the previous session. The rupee's downtrend has halted over the last two sessions after the currency dropped to an all-time low of 84.7575 on Tuesday. The pause in f...
Dollar retreat to boost rupee before RBI rate decision
Dollar retreat to boost rupee before RBI rate decision
Source: Reuters
2024-12-06 08:56:51 am
Rupee strengthens against US dollar on Thursday Indian Rupee strengthened from its all-time low level against the US dollar on Thursday, tracking weakness in the American currency and foreign fund inflows. Foreign Institutional Investors were net buyers in the capital markets on Wednesday, as they purchased shares worth Rs 1,797.60 crore, exchange data showed. Meanwhile investors are awaiting the Reserve Bank of India's bi-monthly policy announcement tomorrow. The RBI is widely expected to keep policy rates unchanged for the 11th conse...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2024-12-05 11:36:50 am
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000 The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time. The world's best known cryptocurrency has been on a tear since November on expectations that Donald Trump's U.S. election win will usher in a friendly regulatory environment for cryptocurrencies. It rose to as high as $101,626 in Asian hours and was last up 3% a...
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Source: Reuters
2024-12-05 09:31:52 am