Forex News
Euro rises to two-week high after France's far-right wins first-round vote
Rupee closes higher, outperforms most Asian peers in first half of 2024- Rupee rises 8 paise to 83.37 against US dollar in early trade
- Dollar barges past 161 yen and eyes quarterly rise
- Rupee ends higher, lifted by bond inflows; oil firms' dollar bids cap gains
- Japan's Nikkei skids 1% as yen intervention risks rise
- Rupee likely to draw support from expected inflows amid rise in US yields
- Battered yen pinned near multi-decade low amid resilient dollar
- Dollar hits 38-year high vs yen; stocks mixed
China's yuan eases to 7-month low on weak fixing, hawkish Fed
The yuan weakens against the dollar due to central bank guidance and speculation on USDCNY pair. Federal Reserve's hawkish stance delays interest rate cuts. Foreign investors avoid China's struggling stock market, impacting the offshore yuan. The dollar maintains stability against major currencies supported by positive U.S. housing market data.
Steady dollar sends yen to the brink of 160
Market dynamics shift as USD/JPY nears significant levels, affecting currency movements and trade volumes. Analysts closely monitor key economic indicators for potential policy shifts amid global uncertainties.
Rupee ends marginally up on inflow expectations from index-bound bonds
The Indian rupee ended marginally higher on Tuesday on expectations of foreign inflows into domestic debt that will be included in a global index later this week.
Rupee trades in narrow range against US dollar in early trade
The rupee traded against the US dollar, influenced by positive domestic equities and the strength of the American currency. Forex traders noted the impact of the strong US dollar and elevated crude oil prices on the local unit.
China's yuan eases to 7-month low on PBOC's weak guidance
China's yuan eases to a seven-month low against the dollar, set for a sixth straight monthly decline in June. The central bank guides official fixing weaker amid capital outflows and speculation of yuan depreciation.
Rupee closes higher on uptick in Asian FX, foreign banks' dollar sales
The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains.
Rupee sees range-bound trade against US dollar in morning deals
The rupee traded against the US dollar in early trade, influenced by the equity market and factors like the dollar's strength and crude oil prices.
China's yuan steady near 7-month lows as traders eye yen and data
China's yuan weakens against the dollar as foreign investors avoid the stock market. Analysts suspect currency manipulation by Beijing to maintain stability and competitiveness.
Dollar steady ahead of inflation reading; yen teeters toward 160
The dollar steadied on Monday as traders awaited clues on U.S. inflation influencing interest rates, while Japanese authorities' actions had little impact on the yen's decline to 159.94 per dollar, its lowest since April 29.
China's yuan slips to fresh 7-month lows as outflows mount
China's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
Rupee recovers 3 paise to 83.58 against US dollar in early trade
Rupee trades 3 paise higher at 83.58 against the US dollar, supported by foreign capital and strong equity market sentiment.
Rupee falls to record low hurt by likely outflows, importer dollar demand
The currency fell to a record low of 83.6650 against the U.S. dollar in the latter half of Thursday's trading session, closing at 83.6425. This marks a decline from the previous session's close of 83.4550. Traders attributed the currency's weakness to a broadly stronger dollar and a weakening Chinese yuan, which exerted additional pressure on the Indian currency throughout the day.
Rupee falls to record low hurt by likely dollar outflows, importer dollar demand
The rupee declined to a lifetime low of 83.62 against the U.S. dollar in the latter half of Thursday’s trading session and was last quoted at 83.5975. The local currency had closed at 83.4550 in the previous session.
Rupee squeezed by weak Asia, to be likely boosted by positional flows
Rupee squeezed by weak Asia, to be likely boosted by positional flows
Rupee rises 6 paise to 83.37 against US dollar in early trade
Rupee remains steady at 83.37 against the US dollar driven by various factors including foreign capital inflow, equity market performance, and positive economic indicators.
Stock market scam: 70-year-old Thane resident loses Rs 2 crore in WhatsApp fraud
A 70-year-old from Kolshet, Thane, Maharashtra, lost Rs 2 crore in a stock market scam after being added to a WhatsApp group by unknown individuals. The group, highlighted by The Times of India, touted share trading tips and high returns. Its administrator falsely posed as a representative of a Chicago-based investment giant, enticing traders with purported opportunities.
Rupee rises 7 paise to 83.48 against US dollar in early trade
Rupee appreciates 7 paise to 83.48 against the US dollar, supported by foreign capital inflow and positive equity market sentiment; dollar index up at 105.01; Brent crude down to USD 84.14 per barrel.
Dollar wobbles as markets await more Fed clues; RBA meeting in focus
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
Dollar firm as euro wallows; yuan brushes aside China data
The dollar remains strong as the euro nears a one-month low amid concerns in Europe. China's economic data suggests an uneven recovery. Political turmoil in Europe affects the euro, benefiting the dollar indirectly.
Rupee ends nearly flat aided by RBI intervention; logs weekly decline
The Indian rupee closed nearly unchanged on Friday as intervention from the Indian central bank prevented it from hitting a lifetime low even as a broadly stronger dollar pressured most Asian currencies.
Rupee opens on flat note against US dollar in early trade
The 30-share BSE Sensex and NSE Nifty experienced slight declines, reflecting market movements. Moody's Ratings forecast India to maintain its position as the fastest-growing economy in the Asia-Pacific region.
Yen falls after BOJ decision; euro stutters towards weekly loss
The yen fell after the Bank of Japan kept rates unchanged and announced plans to reduce bond buying. Meanwhile, the euro faced political turmoil and a weekly loss.
Rupee ends flat; state-run banks' dollar sales aid, forward premiums slip
The Indian rupee closed nearly unchanged on Thursday as pressure due to dollar demand from local corporates was blunted by state-run banks' dollar offers, likely on behalf of the Reserve Bank of India, traders said.
Rupee falls 6 paise to 83.54 against US dollar in early trade
Rupee depreciated 6 paise to 83.54 against the US dollar on Thursday, influenced by the strength of the American currency and elevated crude oil prices.
Rupee ends nearly flat after RBI prevents record low; US Fed, CPI in focus
The Indian rupee closed nearly flat on Wednesday even as dollar demand from local oil companies and other importers put pressure on the currency but likely intervention from the Reserve Bank of India helped avert a drop towards its all-time low.
Rupee rises 5 paise to 83.54 against US dollar in early trade
Rupee appreciated 5 paise to 83.54 against the US dollar, driven by positive sentiments in the domestic equity market.
Rupee ends at record low vs US dollar as Asian peers slip
The Indian currency has been hovering near its record low of 83.5750, a level it reached in April. However, regular market intervention by the Reserve Bank of India has helped to curb further decline, according to traders. Last week's trading was notably volatile due to the national election results, prompting increased hedging activity from importers and exporters, as indicated by data from a local clearing house.
Rupee ends lower on jump in US bond yields, RBI intervention caps losses
The Indian rupee ended weaker on Monday, weighed down by a rise in U.S. bond yields, but likely intervention by the Reserve Bank of India (RBI) helped limit the currency's losses.
Rupee declines tracking Asian peers, forward premiums drop
The Indian rupee weakened on Monday due to a pullback in hopes of policy easing by the U.S. Federal Reserve. Stronger than expected U.S. labour market data boosted the dollar and U.S. bond yields. The dollar index was up 0.2% at 105.3. Benchmark Indian equity indexes hit record highs in early trading.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
Rupee ends lower on importer, foreign banks' dollar buys
The Indian rupee ended weaker on Thursday, pressured by dollar demand from local importers and foreign banks even as most of its Asian peers gained.
Rupee falls though Asian peers gain; forward premiums tick up
Indian rupee weakens on Federal Reserve rate cut expectations. RBI intervention counters pressure from weak national election results and foreign equity outflows.
US dollar gains after stronger-than-expected services sector data
The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's reading, the highest since August, overshot estimates of all 59 economists in a Reuters poll that had pegged the median expectation at 50.8.
Rupee ends higher; RBI intervention, foreign banks' dollar sales help
The Indian rupee closed stronger on Wednesday, partially recovering from its slump in the previous session, aided by dollar sales from foreign banks and likely intervention from the Reserve Bank of India.
Rupee gains 7 paise to 83.44 against US dollar in early trade
Rupee appreciated 7 paise to 83.44 against the US dollar, influenced by domestic equity markets and lower crude oil prices. The currency rebounded from a decline post-election results showing less-than-expected majority for the BJP-led NDA.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
Traders said the Reserve Bank of India (RBI) likely stepped in to limit the rupee's decline. State-run banks were spotted offering dollars near 83.50 levels, likely on behalf of the RBI. The sales were intended to plug likely outflows instead of pushing the dollar-rupee pair lower, a foreign exchange trader at a large private bank said.
