DOLLAR INDEX
Rupee posts best day in over five months boosted by inflows, softer dollar
The Indian rupee logged its strongest one-day gain since June on Monday, aided by dollar inflows related to the rebalancing of MSCI's global equity indexes, alongside softness in the dollar and lower U.S. bond yields.
Rupee rises 6 paise to 84.35 against US dollar in early trade
The Indian rupee strengthened against the US dollar in early Monday trading, buoyed by positive domestic equities. However, a strong dollar and rising crude oil prices are applying downward pressure on the rupee, making significant gains unlikely in the near future.
Dollar dips with Treasury yields after Bessent pick
The dollar dipped against major currencies as investors bet that U.S. Treasury Secretary nominee Scott Bessent's fiscal conservatism would ease bond market concerns and lower yields. Despite Bessent's pro-dollar stance, the currency's recent rally showed signs of fatigue.
Indian Rupee ends stronger vs US dollar amid selling pressure
The rupee touched an intraday record low of 84.507 to a dollar, but ended stronger at 84.445/$1, despite the US dollar index strengthening to a two-year high, as the Reserve Bank of India (RBI) likely sold the greenback to cap further depreciation in the currency, traders said.
Rupee trades in narrow range against US dollar in early trade
The Indian rupee opened relatively flat against the US dollar despite support from positive domestic equities. Geopolitical concerns, strong US dollar performance, and continued foreign portfolio outflows weighed on the rupee. The rupee reached an all-time low on Thursday due to the strengthening US dollar and high US yields.
Rupee slides to all-time low due to outflows from local stocks
?The rupee closed at its all-time low of 84.4925 per US dollar, down nearly 0.1% on Thursday. On an intraday basis, the local currency touched a record low of 84.495/$1, LSEG data showed.
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Dollar hugs 13-month peak as market awaits next Fed cue
The U.S. dollar hovered near a 13-month high as investors weighed the Federal Reserve's interest rate trajectory. The euro faltered due to European uncertainty, while bitcoin approached the $100,000 threshold. Meanwhile, Japan's yen strengthened as core inflation stayed above the Bank of Japan's target, signaling potential interest rate increases.
Rupee weakens to record low pressured by foreign portfolio outflows
The Indian rupee plummeted to a historic low against the US dollar due to a mass exodus of foreign investments from the Indian stock market. This decline was fueled by a steep drop in Adani group shares following allegations of a bribery scheme and uncertainty surrounding the Federal Reserve's interest rate policy.
Dollar pulls ahead as markets focus on Trump policies, Fed outlook
The U.S. dollar strengthened as traders awaited clarity on President-elect Trump's policies and the Federal Reserve's interest rate plans. The dollar's rise was fueled by speculation that Trump's policies could boost inflation. Meanwhile, the euro weakened amid concerns about potential trade tariffs and the Russia-Ukraine conflict.
Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes
The U.S. dollar weakened against major currencies, extending a three-day decline from a one-week high as the market stabilized after a rally following Donald Trump's election. Bitcoin reached a new all-time high, driven by expectations of a more favorable regulatory environment under Trump.
Rupee declines to record low, RBI intervention helps limit losses
The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI's interventions aim to curb volatility while allowing gradual depreciation.
Rupee rises 2 paise to 84.40 against US dollar in early trade
The Indian rupee saw a slight rise against the US dollar, reaching 84.40 in early trade due to recovering domestic equity markets and a weaker dollar. However, significant foreign fund outflows and rising crude oil prices limited the rupee's gains.
Dollar rally stalls, giving yen respite
The Japanese yen stabilized against the US dollar after a recent decline, as the US currency experienced profit-taking following a rally. Despite the yen's struggles, Bank of Japan Governor Kazuo Ueda provided no hints about potential interventions. Meanwhile, the US dollar retreated from its one-year high, with analysts attributing the pullback to profit-taking after its recent surge.
Dollar sitting pretty, yen bears wary of BOJ hawks
The dollar's value surged due to high U.S. Treasury yields and expectations of fewer interest rate cuts, making it more appealing to investors. However, concerns about potential intervention by Japanese authorities to support the weakening yen caused the dollar to retreat against it.
Dollar at one-year high as Trump trade momentum eclipses Fed easing view
The US dollar reached a one-year high. Donald Trump's election win boosted the US dollar. Bitcoin also reached a new high. Trump aims to make the US the crypto capital. Higher trade tariffs are expected under Trump's leadership. The dollar index increased. Long-term treasury yields also rose. The Australian dollar remained stable.
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
The U.S. dollar hovered near a 6-1/2-month high, buoyed by expectations of inflationary policies under the incoming Trump administration. Bitcoin paused near record highs. Investors awaited U.S. inflation data, which could influence the Federal Reserve's interest rate trajectory. The euro remained weak amid political uncertainty in Germany.
Dollar braces for US inflation data and several Fed speakers
The US dollar strengthened as investors awaited US inflation data and speeches from Federal Reserve officials. Meanwhile, the Chinese yuan weakened due to disappointing stimulus measures from Beijing. The Australian and New Zealand dollars also declined because of their exposure to the Chinese economy.
Rupee, EM peers slide with dollar index on victory run
In relative terms, however, the rupee's 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.
Rupee hits record low amid decline in Asian peers on US election updates
The Indian rupee plummeted to a record low against the U.S. dollar on Wednesday, as early U.S. election results spurred a dollar rally and weighed on Asian currencies. The rupee slid to 84.1725 per dollar, while the dollar index surged to a four-month high. Early projections showed Trump leading the presidential race, fueling 'Trump trades' and pushing U.S.
Dollar dips as US election outcome remains uncertain, Fed rate cut looms
The dollar dipped in Asia as investors anticipated the U.S. elections and potential interest rate cuts. Kamala Harris leads in a key poll while Trump's policies affect inflation and the dollar. Major central banks, including the Federal Reserve and Bank of England, are expected to adjust rates this week. China's Congress is also considering more economic stimulus.
Rupee inches to all-time low amid rising US yields
The rupee dropped to an all-time low of 84.0850 to the dollar, slipping past the 84.0825 low it hit last week. Most Asian currencies were weaker on the day in the wake of a further rise in U.S. yields.
Dollar advances after data as eyes turn to jobs report
The dollar index rises, marking four consecutive weeks of gains, bolstered by strong U.S. economic data and restrained Fed interest rate expectations. Investors anticipate next week's payrolls report, potentially impacted by recent strikes and hurricanes, as they assess the U.S. economic trajectory.
Rupee turns flat at 84.07 against US dollar in early trade
The rupee remains stable at 84.07 against the US dollar amid high crude oil prices and continuous foreign fund withdrawal, but gets some support as the dollar retreats. Equity markets show signs of recovery and FIIs offload Rs 5,684.63 crore worth shares.
Rupee closes at record low for 3rd consecutive day
Traders said the next key level would be 84.15 per dollar. That was the weakest level in the non-deliverable forwards (NDF) market, which was touched a month ago.
Rupee slips to record closing low but fares better than regional peers
The rupee ended at 84.08 against the U.S. dollar, its weakest closing level on record, and marginally lower than its closing level of 84.0775 in the previous session.
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
The U.S. dollar remained strong as investors anticipated gradual interest rate cuts and monitored the presidential election. The yen weakened, reaching a three-month low. Treasury yields increased with the benchmark 10-year note hitting its highest since July. Investors are also considering the upcoming general election in Japan and its potential impact on monetary policy.
Hyundai remitting IPO proceeds weighs on rupee
Outflows caused by Hyundai Motor routing funds to its parent in South Korea after the IPO also put pressure on the rupee, dealers said. The automaker is listing its stock in the biggest-ever IPO in the country - and the biggest initial share sale in the world in 2024.
RBI likely selling dollars as rupee weakens past 84/USD: Traders
The Indian central bank likely intervened to curb a sharp decline in the rupee, which touched a low of 84.07 per dollar. Large state-run banks sold dollars to manage the exchange rate amid strong demand from oil companies and foreign banks. Benchmark Indian equity indices were also down.
Dollar bulls suffer setback as traders add to Fed cut bets
The U.S. dollar declined from two-month highs due to weak labor market signals, suggesting quicker Federal Reserve rate cuts. Despite the fall, the dollar is set for its second weekly advance after strong payrolls. Market bets for a quarter-point rate cut in November increased, and recent CPI data indicates a need for restrictive monetary policy to control inflation.
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