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Dollar firms on optimism over US debt ceiling talks, Aussie down after jobs data The U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while the Aussie dollar slipped after disappointing jobs data. Biden and McCarthy on Wednesday underscored their determination to strike a deal soon to raise the government's $31.4 trillion debt ceiling, having agreed a day earlier to negotiate directly after a months-long standoff. While the upbeat m...
Dollar firms on optimism over US debt ceiling talks, Aussie down after jobs data
Dollar firms on optimism over US debt ceiling talks, Aussie down after jobs data
Source: Reuters
18/05/2023 9:00:29 AM
Rupee little changed as U.S. yields spike on Fed rate-hike jitters The Indian rupee barely budged against the dollar on Wednesday, as U.S. yields jumped overnight on bets of multiple Federal Reserve rate hikes and weighed on sentiment. The rupee was at 82.81 per dollar by 10:31 a.m. IST, against its previous close of 82.79. Most Asian currencies declined, with the Chinese yuan at one point falling past 6.90 per dollar level, after U.S. data showed business activity sped to an eight-month high in February. The data comes on the heels of robust jobs, ...
Rupee little changed as U.S. yields spike on Fed rate-hike jitters
Rupee little changed as U.S. yields spike on Fed rate-hike jitters
Source: Reuters
22/02/2023 11:10:06 AM
Rupee firms as Asian currencies rebound; forward premiums jump The Indian rupee strengthened on Wednesday, helped by an uptick in most Asian emerging market peers, while traders noted there were some dollar inflows. The rupee finished the session at 81.24 per dollar, recovering from trading near its Tuesday's close of 81.76 for the better part of the session. It had declined 0.5% in the first two days of the week. State-run banks sold dollars on the day, four traders said, but were unsure of the purpose. They also reckoned some bond-related inf...
Rupee firms as Asian currencies rebound; forward premiums jump
Rupee firms as Asian currencies rebound; forward premiums jump
Source: Reuters
18/01/2023 9:24:00 AM
Rupee edges lower towards 82/USD as Asian currencies drop The Indian rupee weakened on Tuesday, slipping back towards the 82 per dollar mark, as the greenback broadly rebounded and Asian currencies weakened. The rupee was trading at 81.84 per dollar by 9:37 a.m. IST, compared to its previous close of 81.6125. The currency saw its worst session in a month on Monday, when traders cited heavy dollar buying by state-run banks and stop-losses being hit to take the rupee to near 81.75-levels from sharp opening gains. The dollar purchases were sus...
Rupee edges lower towards 82/USD as Asian currencies drop
Rupee edges lower towards 82/USD as Asian currencies drop
Source: Reuters
17/01/2023 9:33:32 AM
Dollar slips on recession fears, central bank meetings loom  The dollar eased on Friday as worries over a slowdown in the United States mounted, with traders on guard ahead of a slew of central bank meetings next week, where the Federal Reserve takes centre stage. Against the greenback, the euro rose nearly 0.5% overnight and edged toward a six-month peak hit at the start of the week. It was last 0.23% higher at $1.0579, and is on track for a third straight week of gains. Sterling similarly eked out a small gain overnight and last rose 0.23...
Dollar slips on recession fears, central bank meetings loom
Dollar slips on recession fears, central bank meetings loom
Source: Reuters
9/12/2022 8:56:58 AM
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie The U.S. dollar index held firm on Tuesday, following its biggest rally in two weeks after strong services data in the United States fuelled expectations for higher interest rates from the Federal Reserve than recently projected. The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months. The U.S. dollar index, which measures the currency against six major peers, was at 105.24, steady after Monday&...
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie
Source: Reuters
6/12/2022 9:24:38 AM
Indian rupee slips to 81.75 on stop losses, possible dollar outflows The Indian rupee extended losses against the U.S. currency on Monday on likely stop losses and dollar outflows, traders said. The rupee was down 0.5% to the dollar at 81.7500, a rank underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher. The inability of the pair (USD/INR) to move below 81 last week in the face of positive news is probably leading to interbank reconsidering short rupee positions, a trader said. There is talk of an MS...
Indian rupee slips to 81.75 on stop losses, possible dollar outflows
Indian rupee slips to 81.75 on stop losses, possible dollar outflows
Source: Reuters
5/12/2022 3:08:27 PM
Rupee may inch higher after yuan's jump on reopening hopes The Indian rupee is likely to open marginally higher versus the U.S. dollar on Monday after the Chinese yuan climbed above a key level on optimism over the country's reopening. The rupee is expected to open at around 81.25 per dollar, compared with 81.3175 in the previous session. The onshore yuan jumped about 1% against the dollar to 6.9792, breaching the 7-level to hit its highest in two-and-a-half months and adding to last week's 1.5% advance. More Chinese cities in the far w...
Rupee may inch higher after yuan's jump on reopening hopes
Rupee may inch higher after yuan's jump on reopening hopes
Source: Reuters
5/12/2022 9:08:02 AM
India, banks to discuss international trade settlement in rupees - source India's finance ministry will meet banks on Dec. 5 to discuss international trade settlement in rupees, a banking source said on Tuesday. The meeting will include representatives of all public sector banks, the central bank and some private banks and exporters, the source told Reuters.
India, banks to discuss international trade settlement in rupees - source
India, banks to discuss international trade settlement in rupees - source
Source: Reuters
29/11/2022 2:45:59 PM
Rupee stays pinned in narrow range as Chinese yuan rebounds The Indian rupee eked out slim gains on Tuesday, as the Chinese yuan clawed back losses, but stayed within its recent narrow trading range. The rupee was up 0.05% to 81.63 per U.S. dollar by 10:40 a.m. IST, having opened at 81.58. It has traded between these two levels since. The currency has remained in a tight range lately, not reacting much to a jump in equity inflows even as Indian stocks surged to record highs. [.BO] Traders reckon 81.40-81.90 was going to be the rupee's new...
Rupee stays pinned in narrow range as Chinese yuan rebounds
Rupee stays pinned in narrow range as Chinese yuan rebounds
Source: Reuters
29/11/2022 9:07:35 AM
Rupee dips less than peers on support at 81.80-81.85/USD The Indian rupee was marginally weaker against the U.S. currency on Monday, but did well relative to other Asian currencies, thanks to a near-term support level, traders said. The rupee was trading at 81.71 per U.S. dollar by 0500 GMT, a tad weaker than 81.6850 in the previous session. The local unit had fallen to 81.8325 earlier in the session. It's the same as last week when, multiple times, the pair (USD/INR) was unable to move above 81.90, a trader at a private sector bank said....
Rupee dips less than peers on support at 81.80-81.85/USD
Rupee dips less than peers on support at 81.80-81.85/USD
Source: Reuters
28/11/2022 9:02:38 AM
Rupee slips as Asian FX muted, yuan hit by China COVID woes The Indian rupee weakened on Wednesday, tracking mixed Asian cues and a weaker Chinese yuan, with traders expecting a narrow trading range ahead of the release of minutes of the U.S. Federal Reserve's last meeting. The rupee was at 81.79 per dollar by 0451 GMT, compared to its previous close of 81.6650. The rupee will likely trade around 81.80 due to dollar demand, said a private bank trader, but saw a less likelihood of a slide towards 82. The strategy is to buy on dips at USD/INR ...
Rupee slips as Asian FX muted, yuan hit by China COVID woes
Rupee slips as Asian FX muted, yuan hit by China COVID woes
Source: Reuters
23/11/2022 11:33:09 AM
Dollar steadies as China COVID fears linger The dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups, though cautious risk sentiment kept the greenback in demand. The fresh bout of risk aversion had weighed particularly on the antipodean currencies - often used as liquid proxies for the Chinese yuan - with the Aussie sliding nearly 1% overnight. It last gained 0.12% to $0.6614. The kiwi fell more than 0.8% and was last 0.15% higher...
Dollar steadies as China COVID fears linger
Dollar steadies as China COVID fears linger
Source: Reuters
22/11/2022 9:30:53 AM
Dollar loses shine, yuan jumps after China modifies COVID protocol The dollar languished on Friday after a sharp sell-off overnight when U.S. inflation data came in cooler than expected, raising market hopes of a peak in consumer prices that could temper the Federal Reserve's aggressive monetary tightening campaign. The yuan also jumped in afternoon Asian trade after Chinese health authorities eased some of the country's heavy COVID-19 curbs, including shortening quarantine times for close contacts of cases and inbound travellers. The onshore y...
Dollar loses shine, yuan jumps after China modifies COVID protocol
Dollar loses shine, yuan jumps after China modifies COVID protocol
Source: Reuters
11/11/2022 12:43:20 PM
Rupee hits over 1-month high as Asian currencies rally The Indian rupee hit a more-than-one-month high after a late-session rally on Monday, as Asian stocks and currencies remained resilient despite negative news out of China, with improved risk sentiment weighing on the dollar. The rupee jumped 0.63% to a session-high of 81.92 per dollar and also closed at that level, its highest since Oct. 3. The currency has gained 1.2% over the past two sessions. Barring the Chinese yuan, Asian shares and currencies extended their gains into a second da...
Rupee hits over 1-month high as Asian currencies rally
Rupee hits over 1-month high as Asian currencies rally
Source: Reuters
7/11/2022 4:05:36 PM
Rupee begins week on positive note, U.S. inflation data next trigger The Indian rupee rose against the U.S. currency on Monday, on the back of an upbeat risk tone in Asia and the dollar's struggles. The rupee was trading at 82.14 by 0454 GMT, compared with 82.44 in the previous session. The local unit has traded in an about 82.11 to 82.25 range. Asian shares were higher, while currencies, except for the Chinese yuan, rose. The U.S. jobs report supported demand for Asian assets in that the unemployment rate ticked higher. But negative for Asian cur...
Rupee begins week on positive note, U.S. inflation data next trigger
Rupee begins week on positive note, U.S. inflation data next trigger
Source: Reuters
7/11/2022 11:14:47 AM
Rupee drops after Powell dashes pivot hopes, premiums fall The Indian rupee declined versus the dollar on Thursday after the U.S. Federal Reserve Chair Jerome Powell pushed back against expectations of a relatively less hawkish stance. The rupee ended at 82.88 per U.S. dollar, down from 82.78 in the previous session. It was a muted but choppy session, with rupee turning briefly higher by mid-morning before slipping back below 82.90. The rupee's Asian peers were down 0.3% to 0.6%. The offshore Chinese yuan slipped below 7.34 to the dollar. ...
Rupee drops after Powell dashes pivot hopes, premiums fall
Rupee drops after Powell dashes pivot hopes, premiums fall
Source: Reuters
3/11/2022 4:50:29 PM
Rupee likely to open flat; focus on yuan, Fed meeting The Indian rupee is tipped to open little changed to the dollar on Tuesday amid more losses in the Chinese yuan and as traders await the outcome of the U.S. Federal Reserve's policy meeting. The rupee is expected at open around 82.76-82.82, compared with 82.7800 in the previous session. The local unit witnesses a late selloff on Monday, when it dropped from above 82.50 to near 82.80 in the last hour. After a relatively quiet few sessions, the USD/INR pair is once again "looking...
Rupee likely to open flat; focus on yuan, Fed meeting
Rupee likely to open flat; focus on yuan, Fed meeting
Source: Reuters
1/11/2022 9:22:17 AM
India spending forex reserves at quicker pace than during taper tantrum  India's central bank is using up its foreign exchange reserves at a quicker pace than during the taper-tantrum period in 2013 as it tries to prevent an overshoot in the rupee, but a larger pool of reserves may allow it to support the currency for some more time, economists said. The Reserve Bank of India has sold a net of $38.8 billion from its forex reserves between January and July this year, data released on Friday showed. A net of $19 billion was sold in July alone, the mo...
India spending forex reserves at quicker pace than during taper tantrum
India spending forex reserves at quicker pace than during taper tantrum
Source: Reuters
19/09/2022 12:16:02 PM
Asia shares in the red, yuan slides on strong dollar SYDNEY - Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. Federal Reserve Chair Jerome Powell headlines a host of policy makers at Jackson Hole later in the week and the risks are that he will not meet investor hopes for a dovish pivot on policy. "We expect a reminder that more tightening is needed and there i...
Asia shares in the red, yuan slides on strong dollar
Asia shares in the red, yuan slides on strong dollar
Source: Reuters
22/08/2022 8:23:26 AM
Dollar jumps on safety flows after China data, yuan slips on rate cut The safe-haven U.S. dollar rose on Monday after a new batch of disappointing Chinese data bolstered global recession worries, while the yuan weakened following a surprise key rate cut by the People's Bank of China. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday, as a nascent recovery from draconian COVID-19 lockdowns faltered. "Of course, bad data from China also weighs on recession worries for ...
Dollar jumps on safety flows after China data, yuan slips on rate cut
Dollar jumps on safety flows after China data, yuan slips on rate cut
Source: Reuters
15/08/2022 5:13:24 PM
Exclusive-How an Indian cement maker bought Russian coal using yuan An Indian cement maker's recent purchase of Russian coal using yuan involved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against Moscow. There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine. But the document shows o...
Exclusive-How an Indian cement maker bought Russian coal using yuan
Exclusive-How an Indian cement maker bought Russian coal using yuan
Source: Reuters
11/07/2022 2:27:31 PM
Exclusive-How an Indian cement maker bought Russian coal using yuan An Indian cement maker's recent purchase of Russian coal using yuan involved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against Moscow. There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine. But the document shows o...
Exclusive-How an Indian cement maker bought Russian coal using yuan
Exclusive-How an Indian cement maker bought Russian coal using yuan
Source: Reuters
8/07/2022 9:12:04 AM
Dollar firm at 2-decade highs as Aussie, yuan sink LONDON  - The Australian dollar and the Chinese yuan came under pressure from weak Chinese economic data on Monday, while the U.S. dollar consolidated gains near a 20-year peak. Comments by ECB policymaker Francois Villeroy de Galhau that the euro's weakness could threaten the European Central Bank's efforts to steer inflation towards its target pulled the euro from lows but sentiment was downbeat. China's retail and factory activity fell sharply in April as extensive C...
Dollar firm at 2-decade highs as Aussie, yuan sink
Dollar firm at 2-decade highs as Aussie, yuan sink
Source: Reuters
16/05/2022 8:46:42 PM
BREAKING NEWS - PBoC: RRR will be reduced to free up 1.2 trillion yuan in liquidity BREAKING NEWS - PBoC: RRR will be reduced to free up 1.2 trillion yuan in liquidity
BREAKING NEWS - PBoC: RRR will be reduced to free up 1.2 trillion yuan in liquidity
BREAKING NEWS - PBoC: RRR will be reduced to free up 1.2 trillion yuan in liquidity
Source: Investmentindiaguru.com
6/12/2021 2:48:59 PM