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Rupee drops to all-time low on India growth worries, dollar strength
The Indian rupee hit a lifetime low of 84.7425 against the dollar on Tuesday amid concerns over India's slowing growth and the U.S. dollar's rally. The rupee's decline, influenced by weak GDP data and reduced foreign exchange reserves, raises concerns about continued economic challenges and investor sentiment.
Rupee hits all-time low of 84.60 vs USD on economic growth worries
The Indian rupee plunged to an all-time low on Monday amid concerns over slowing economic growth and regional currency declines. The Reserve Bank of India¡¯s likely intervention helped prevent further losses. Persistent outflows from domestic equities and a stronger dollar continued to weigh on the rupee, as foreign investors sold off local stocks.
Dollar faces crunch week for US rates, yen holds gains
The currency market showed caution as the dollar started the week modestly. Key events like the upcoming U.S. rate cuts, the Bank of Japan's potential rate hike, and the European Central Bank's expected rate cut will shape market trends. U.S. payroll data and speeches by Fed officials are crucial, while political uncertainties in France add to the market's concerns.
Rupee on the edge: Implications for the Indian economy and markets
A weaker rupee due to global factors and domestic economic conditions can have both positive and negative effects on India. While it benefits exporters, it increases the cost of imports, fuels inflation, and negatively impacts companies with foreign debt. The RBI's intervention plays a crucial role in managing currency volatility.
Yen hits six-week high, dollar dips for month-end
The yen surged to a six-week high against the dollar as faster-than-expected inflation in Tokyo fueled speculation of a Bank of Japan interest rate hike. The dollar fell 1.27% against the yen and is on track for a significant weekly loss. The euro gained slightly, while Bitcoin climbed 2.39%, inching closer to its record high.
Rupee pinned near record low but supported by likely cenbank intervention
The Indian rupee remains flat near its all-time low due to foreign portfolio outflows. The Reserve Bank of India's interventions have limited the currency's losses. Foreign investors sold $1.4 billion of local stocks on Thursday. The rupee has weakened by 0.5% in November but outperformed most Asian peers which declined by as much as 2%.
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Rupee flat, wedged between month-end dollar bids and likely RBI intervention
The Indian rupee held steady against the US dollar. RBI intervention likely supported the currency. Importers and foreign banks sought dollars. The rupee traded near the 84.50 level. Asian currencies saw mixed performance. The US dollar index recovered slightly. Forward premiums for dollar-rupee rose. US bond yields declined. The RBI is expected to hold interest rates next week.
Euro jump, rising yen put brakes on the dollar
The euro surged to a four-month high following hawkish comments from an ECB policymaker, while the yen strengthened on rate hike bets. The dollar retreated ahead of the U.S. Thanksgiving holiday. Meanwhile, the Brazilian real plummeted to a record low on tax cut concerns.
Major currencies consolidate as market regroups ahead of US inflation measure
The U.S. dollar stabilized as investors assessed Trump's tariff pronouncements and awaited U.S. inflation data. The New Zealand dollar climbed after a rate cut. Trump's tariff threats caused market jitters. The yen benefited from safe-haven demand. Bitcoin remained below its record high.
Rupee rises on residual equity index rejig inflows, sidesteps weak Asia FX
The Indian rupee strengthened to a three-week high of 84.23 against the US dollar on Tuesday, buoyed by inflows from MSCI's index rejig. This rise occurred despite Trump's tariff threats impacting Asian currencies and the US dollar's gains. The RBI's intervention last week and expected vigilance are key factors supporting the rupee's resilience.
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.
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.
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.
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.
Rupee rises 8 paise to 84.38 against US dollar in early trade
The Indian rupee saw a slight recovery against the US dollar, appreciating to 84.38 despite a strong dollar and foreign fund outflow. Lower crude oil prices aided the rupee's rise, while rising inflation and a surge in US Treasury yields posed challenges. India's merchandise exports surged, but the trade deficit widened, and forex reserves declined.
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.
Rupee slips to record closing low but fares better than Asian peers
The Indian rupee hit a record low against a surging U.S. dollar but outperformed other Asian currencies due to state bank intervention. The dollar's strength follows Trump's election victory, which is expected to impact U.S. economic policies.
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
The Indian rupee hit a record low against the US dollar due to foreign investors selling their holdings and strong demand for the dollar. The Reserve Bank of India has been intervening to support the rupee, leading to a decline in India's foreign exchange reserves. High inflation and concerns about China's economy also weighed on investor sentiment.
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 soars with bitcoin as Trump trade ramps up; euro, yuan battered
The U.S. dollar surged to a four-month high as investors bet on Trump's policies boosting the economy. Bitcoin hit a record high, fueled by Trump's pro-crypto stance. Meanwhile, the euro and yuan weakened on fears of Trump's trade policies.
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 hits intraday low of 84.38 vs US dollar, logs worst weekly fall since May
The Indian rupee hit a record low of 84.38 per dollar intraday on Friday but closed at 84.375, largely unchanged, due to RBI intervention. It fell 0.66% during the week, impacted by rising US dollar strength following Trump¡¯s election win.
Rupee weakens to record low, logs worst week in five months
The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election.
Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade
The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed's recent interest rate cut and potential future cuts are influencing the rupee's trajectory. Despite market volatility, experts predict the RBI will maintain a controlled range for the rupee against the dollar.
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