June 19, 2024 10:49 AM IST The dollar is no longer as dominant as it was in the eighties or nineties but it’s no pushover either as countries such as China push their own currency as a replacement
June 06, 2024 04:12 PM IST Forex traders said a weak American currency and firm trend in the equity markets supported the local currency even as investors remained concerned ahead of the RBI's monetary policy decision to be announced on Friday.
May 23, 2024 05:30 PM IST As long as the dollar is the competition for domestic transactions, stabilising the peso will not be easy
May 15, 2024 11:58 AM IST A surging US currency, and weakening counterparts in Asia, aren’t signs that the world is entering a new FX war
May 09, 2024 10:39 AM IST Union Home Minister Amit Shah added that rupee trade pact will be the priority of them in the days to come.
April 25, 2024 07:30 AM IST Having traded in a tight range over the past few days, a buoyant dollar finally broke above the 155 yen level for the first time since 1990 in the previous session
April 18, 2024 04:49 PM IST Forex and money markets were closed on Wednesday on account of 'Ram Navami'.
April 18, 2024 12:26 PM IST The greenback is strong because the American economy is vigorous. The region does have choices, none of them easy
April 04, 2024 02:15 PM IST In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation
April 03, 2024 04:20 PM IST Most Asian currencies fell with the Thai baht down 0.3% and leading losses, while the offshore Chinese yuan also weakened 0.1% to 7.26.
April 02, 2024 01:25 PM IST The Dollar Index (DXY00) surged to its highest level in 4-1/2 months, ending with a gain of 0.48%. This uptick was initially fueled by last Friday's robust US February personal spending report, which boosted confidence in the dollar. Furthermore, Federal Reserve Chair Powell's remarks on Friday, indicating no rush to lower interest rates, provided additional support to the dollar. On Monday, the dollar continued its upward trajectory following the release of the stronger-than-expected March ISM manufacturing index, signaling a hawkish stance on Fed policy. In contrast, the Reserve Bank of India introduced regulations stating that exchange-traded rupee derivative transactions should solely serve hedging purposes. The Reserve Bank of India had previously announced in January that, effective April 5, exchanges would be allowed to offer forex derivative contracts involving the rupee for hedging contracted exposure. Watch this edition of Commodities Corner with Manisha Gupta and Amit Pabari, Founder & Managing Director, CR Forex.
April 01, 2024 03:47 PM IST Despite predictions of a tough year, the greenback is overpowering challengers. There’s more to this supremacy than mere interest rates
March 28, 2024 08:05 PM IST The weakening of the Yen, especially to a 34-year low, can have significant impacts on various sectors in India, particularly the automotive industry
March 28, 2024 01:31 PM IST Inflation has been steadily declining globally. Both the US and euro-zone consumer price measures peaked at just over 9% in mid- to late-2022, with February seeing euro-zone inflation dropping to 2.6%, lower than the 3.1% figure for the US. On the growth outlook, US gross domestic product rose at an annualised 3.2% pace while the euro zone economy stagnated
March 20, 2024 09:38 AM IST There have been multiple attempts by economists, central bankers and government officials to wean the public off currency and nudge them towards using digital payment platforms but cash tends to bounce back
March 15, 2024 10:57 PM IST Data on Friday showed a solid U.S. manufacturing sector, with output rebounding by 0.8% last month after a downwardly revised 1.1% decline in the prior month.
March 15, 2024 05:00 PM IST At the interbank foreign exchange market, the local unit opened at 82.95 and touched the intra-day low of 82.96 and a high of 82.85 against the greenback.
March 01, 2024 04:49 PM IST The steep currency declines in Africa should force a switch away from imports toward domestic production and exports. But barriers such as high labour costs, expensive power, poor infrastructure and inefficient regulation limit African firms’ competitiveness. The depreciations could end up reducing both imports and domestic consumption and lead to stagflation
February 16, 2024 03:56 PM IST At the interbank foreign exchange market, the local unit opened at 83.03 and touched the intraday high of 83.00 against the greenback.
February 02, 2024 09:58 PM IST The dollar had weakened in recent days in line with falling Treasury yields, even after Fed Chair Jerome Powell on Wednesday said that a March rate cut was unlikely.
January 24, 2024 02:26 PM IST While the fall in euro usage and corresponding jump in dollar dominance may have been overdone last year, any correction is likely to be modest until the geopolitical air clears. Some of the loss of status and relevance for the euro will be permanent
January 18, 2024 03:57 PM IST The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session.
January 11, 2024 12:22 PM IST A weak yen makes Japan more of an export play than ever, but saps returns for overseas shareholders
January 08, 2024 11:56 AM IST Truth be told, we weren’t supposed to stay around for a long while. We were a stop-gap arrangement to speed up the remonetization of the economy after the 2016 demonetization exercise
January 04, 2024 04:11 PM IST The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared with its close at 83.2750 in the previous session.
