Tag: Dollar
17 Results
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Rupee gains 6 paise against dollar in opening trade
The rupee strengthened by 6 paise to 64.67 against the dollar at the forex market on Monday on fresh selling of the American currency by exporters and banks amid strength in domestic equities. Dealers said dollar’s weakness against other currencies overseas and early gains in domestic equity markets supported the rupee. On Friday, the rupee …
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February 26, 2018 -
US dollar rises amid rate-hike expectations
The US dollar climbed against most major currencies as the Federal Reserve’s latest report raised market expectations for more rate-hikes later this year. In late New York trading on Friday, the euro decreased to $1.2298 from $1.2332 in the previous session, and the British pound increased to $1.3969 from $1.3958 in the previous session, Xinhua …
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February 24, 2018 -
Rupee recovers 17 paise against US dollar in early trade
The rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of the greenback by exporters and a higher opening in the domestic equity market. Currency traders said strength in the US dollar against major global currencies, however, capped the gains in the domestic unit. On Thursday, …
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February 23, 2018 -
Equity market indices trim initial losses
The likelihood of interest rate increase by the United States Federal Reserve ~ as hinted at in its latest minutes ~ triggered fresh selling pressure in Wall Street in overnight trade as well as on the regional exchanges in Asia-Pacific this morning. In Dalal Street traders booked profit amid volatility caused by the expiry of …
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February 23, 2018 -
Rupee declines 30 paise against dollar in early trade
The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening session on Thursday due to increased demand for the greenback from importers amid heavy foreign fund outflows. The dollar’s gain against major world currencies, after US Federal Reserve minutes hinted at hiking interest rates faster …
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February 22, 2018 -
Rupee in free fall, slips 8 paise to fresh 3-month low
Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of 64.87 against the US dollar in opening trade ahead of RBI’s minutes for the latest policy meeting due later on Wednesday. Besides heavy demand for the American currency from importers, persistent outflows by foreign funds …
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February 21, 2018 -
Rupee gains 6 paise against dollar in opening trade
The rupee firmed 6 paise at 63.85 against the dollar in opening trade on Friday, maintaining its upward trend for the fourth straight day on sustained selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. The dollar slipped to a three-year low against a basket of …
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February 16, 2018 -
Rupee falls by 16 paise against dollar in early trade
The rupee depreciated by 16 paise to 64.22 against the US dollar in early trade at the interbank forex market on Monday amid sharp losses in equity markets. A currency trader said increased demand for the US currency from importers and banks and persistent losses in domestic equity markets weighed on the rupee. On Friday, …
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February 5, 2018 -
Rupee gains 11 paise against dollar in early trade
The rupee advanced by another 11 paise to 63.67 against the dollar in early trade on Wednesday on increased selling of the US currency by banks and exporters amid forex inflows. Forex dealers said the dollar was trading weak against major world currencies in global markets which supported the rupee. Foreign investors put in Rs …
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January 24, 2018 -
Gold regains on jewellers’ buying, global cues
Gold regained glitter on Thursday with the price rising by Rs 145 to Rs 30,620 per 10 grams, driven largely by a firm trend overseas as well as pick-up in buying by jewellers in the domestic spot market. Silver also recovered by Rs 180 to Rs 39,680 per kg on increased offtake by industrial units …
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January 11, 2018 -
Rupee starts 2018 on a better note, up 5 paise against dollar
The rupee edged higher by five paise to trade at 63.82 against the US dollar on the first trading day of 2018 on the back of increased selling of the American currency by banks and exporters. At the Interbank Foreign Exchange, the rupee was trading higher by 5 paise against the previous close of 63.82. …
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January 1, 2018 -
US dollar declines against other major currencies
The US dollar declined against other major currencies as investors feared the dollar might face headwinds next year. In late New York trading on Friday, the euro was up to $1.2010 from $1.1953 dollars in the previous session, and the British pound rose to $1.3519 from $1.3443 in the previous session, Xinhua news agency reported. …
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December 30, 2017 -
Rupee marginally up, trades at 64.02
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle overseas. Exporters and banks stayed away from the American currency as capital inflows jumped. The dollar’s lustre dimmed against other currencies globally, which supported the local unit. In the opening session, the domestic unit was …
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December 26, 2017 -
Rupee moves up 10 paise against dollar
The rupee rose 10 paise to 64.01 against the dollar on Thursday as the US Congress gave its final seal of approval to a sweeping tax legislation. Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class. A positive start …
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December 21, 2017 -
Rupee logs a fresh 3-mth high at 64 against dollar
The rupee firmed up 4 paise to 64 against the dollar on Wednesday, taking cues from a higher opening in the domestic stock market. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law. In the opening session, the domestic unit went up 4 paise to 64 …
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December 20, 2017 -
Rupee spurts 7 paise against dollar after BJP wins polls
The rupee on Tuesday climbed a bit to 64.17 against the dollar as the dust settled on the political landscape in Gujarat and Himachal Pradesh and the BJP gets ready to form the next government in both states. The BJP returns to power for the sixth straight term in Gujarat and unseats the Congress in …
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December 19, 2017 -
Rupee crashes 68 paise against dollar after Gujarat poll trend
The rupee plunged 68 paise to 64.72 against the dollar on Monday after early trend suggested that the BJP and the Congress are neck and neck in Gujarat Assembly sweepstakes after one hour of counting of votes. The Congress is leading in 7 seats while the BJP is leading in 6 in the Himachal Pradesh …
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December 18, 2017