Global finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T Sankar
The global currency system needs to be diversified with the adoption of liquid currencies to de-risk the system from dependence on a few reserve currencies, according to Reserve Bank of India Deputy Governor T Rabi Sankar. He also called for the wider adoption of central bank digital currencies (CBDCs) and warned against allowing private virtual currencies like Bitcoin to grow. The Indian central banker said the right infrastructure and liquidity are possible regardless of the currency involved and efficiency can be improved. India began its efforts to internationalise the rupee last year with 18 countries opening rupee accounts. Key Points
Economic TimesRupee wavers as Asian peers struggle after rally; premiums up
The Indian rupee wavered in a narrow range on Monday as Asian currencies pulled back following last week's rally, while U.S. yields rose. Key Points
ReutersRupee flat, far forward premiums extend decline to 2-1/2-month low
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee was largely flat on Wednesday as sustained dollar inflows helped ease the pressure from weakness in most Asian currencies. The rupee was at 82.90 Key Points
ThePrintRupee falls below 83 to lowest against US dollar since October 2022
The rupee was at 83.0500 to the dollar by 09:06 a.m. IST, down from 82.8450 on Friday. The 10-year U.S. yield rose to 4.18%, while several Asian currencies were down more than 0.5%. Clearly, it's all about the RBI (Reserve Bank of India), a dealer at a bank said. Key Points
Economic TimesRupee gains for second day tracking Asian peers; premiums inch up
The Indian rupee rose for a second straight session against the U.S. dollar on Tuesday, mirroring similar moves in Asian peers, as risk appetite in the region rose on fresh bets of the Federal Reserve nearing the end of its rate tightening cycle. Key Points
ReutersUS dollar flat to modestly higher as upbeat data backs May rate hike
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. dollar was little changed to slightly higher against major currencies on Friday, as business activity data suggested that the world's largest Key Points
ThePrintDollar surges to 11-week high as Fed rate cut bets diminish
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar climbed to its highest in almost three months against other major currencies on Monday as traders clawed back bets the U.S. Key Points
ThePrintDollar holds ground ahead of key U.S. inflation data
By Iain Withers LONDON (Reuters) - The U.S. dollar held steady versus major currencies on Friday ahead of key inflation data later in the day, as traders weighed how the U.S. economy's faster than Key Points
ThePrintDollar dips after soft US inflation data, Aussie, New Zealand dollars outperform
By Karen Brettell NEW YORK (Reuters) - The dollar index gave up earlier gains and higher beta currencies, including the New Zealand and Australian dollars, outperformed on Friday after U.S. producer Key Points
ThePrintIndia, UAE sign MoUs for promoting local currencies in cross-border trade
The Reserve Bank of India and the Central Bank of UAE (CBUAE) have signed two Memorandum of Understanding (MoU) to boost local currency use for cross-border transactions and to link their payment and messaging systems. A Local Currency Settlement System (LCSS) is aimed to be put in place to develop an INR-AED forex market. India's UPI and UAE's IPP will be linked to facilitate fast, convenient, safe, and cost-effective cross-border funds transfers. Key Points
Economic Times
Not sure if note ban achieved its 3 goals: HC judge
Referring to the apex court's verdict upholding demonetisation , Justice Vaishnav said, “November 8, 2016. I am sure all of us still shiver at [the thought of] that press conference of the Prime Minister at 8 pm, when he said that the [high-value] currencies were demonetised. Key Points
The Indian ExpressDollar steady as markets assess higher-than-expected US CPI
By Brigid Riley TOKYO (Reuters) - The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected U.S. consumer price inflation against market bets that the Federal Key Points
ThePrintRupee gauges rally in oil prices, broadly softer dollar
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday amid an uptick in most Asian currencies and a rally in oil prices. Non-deliverable Key Points
ThePrintRupee may weaken despite broadly positive Asian cues
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is likely to decline slightly at open on Tuesday, in spite on an uptick on most Asian currencies after a U.S. inflation print reinforced expectations Key Points
ThePrintRupee falls 7 paise to close at 83.10 against US dollar on spike in crude oil
Mumbai, Dec 18 (PTI) The rupee surrendered its initial gains to settle 7 paise lower at 83.10 against the US dollar on Monday due to a spike in oil prices and a lacklustre trend in domestic equity markets. However, a weak greenback against major currencies overseas supported the local currency, forex traders said. At the […] Key Points
ThePrintRupee settles 1 paisa lower at 83.21 against US dollar
Mumbai, Nov 6 (PTI) The rupee settled for the day 1 paisa lower at 83.21 against the US dollar as the support from positive domestic equities was negated by rising crude oil prices. Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside. At the […] Key Points
ThePrintRupee caught between further rise in US yields, yuan recovery
The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Key Points
ReutersRupee to decline on poor risk appetite, weakness in Asian peers
The Indian rupee is expected to open lower on Wednesday on the back of a decline in Asian currencies and weak risk appetite after rating agency Fitch cut the U.S. credit rating. Key Points
ReutersIndian rupee looks to build on momentum on positive Asian cues
The Indian rupee will be looking to rise further versus the U.S. dollar on Tuesday, on back of rise in Asian currencies and positive risk mood. Key Points
ReutersTop 10 Cryptocurrencies to Invest in for High Returns
A block of encrypted data called a cryptocurrency is used to symbolise a single dollar. It is organised and managed by a mentoring system known as a blockchain, which also serves as a trust worthy. Key Points
Times of India
Rupee opens 4 paise lower at 82.59 against US dollar ahead of RBI Monetary Policy
In the Asian markets, the offshore Chinese yuan dropped below 7.1550 to the dollar, the lowest since November last year, on concerns over China’s economic outlook. Weighing on Asian currencies was the rise in US yields after a surprise rate hike by Bank of Canada (BoC). Key Points
mintRupee rises 10 paise to 82.21 against U.S. dollar on FII inflows
The rupee appreciated by 10 paise to 82.21 against the U.S. dollar on May 16, 2023, as the American currency retreated from its elevated levels. Key Points
The HinduLight wind in dollar's sails after bumper US payrolls
By Vidya Ranganathan SINGAPORE (Reuters) - The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S. inflation data after the big payrolls number last week, and as Key Points
ThePrintDollar dips ahead of key U.S. inflation data
By Iain Withers LONDON (Reuters) -The U.S. dollar edged lower versus major currencies on Friday ahead of key inflation data later in the day, as traders weighed how the U.S. economy's faster than Key Points
ThePrintUS dollar flat as Japan, European policy meetings loom
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar was little changed to modestly higher against a basket of currencies on Monday ahead of central bank policy decisions in Japan and the Key Points
ThePrintDollar steady as traders weigh labour data, rate outlook
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, Key Points
ThePrint'Decade of emerging markets' may be about to regain traction
Developing-nation assets stand to finally take off in the second half, they say, as long as global interest rates peak, Chinese authorities prop up growth and structural reforms in India bolster sentiment. A revival may still make this the decade of emerging markets that Morgan Stanley Investment Management flagged earlier this year. Key Points
Economic TimesRupee jumps 32 paise to close at 83.29 against US dollar
Mumbai, Mar 26 (PTI) The rupee recovered from all-time low level and appreciated 32 paise to close at 83.29 against the US dollar on Tuesday on decline in the US dollar and positive Asian currencies. Forex traders said weak domestic markets and surge in crude oil prices capped sharp gains for the local unit. At […] Key Points
ThePrintDollar inches down as heavy week of data begins
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar edged lower against a basket of major currencies on Monday ahead of U.S. durable goods orders and an inflation reading this week that could Key Points
ThePrintDollar pares gains on soft US inflation data
By Karen Brettell NEW YORK (Reuters) - The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. It was higher on Key Points
ThePrintStocks fall, yields inch higher; focus on upcoming US inflation data, earnings
By Caroline Valetkevitch NEW YORK (Reuters) - Global stock indexes fell and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start of Key Points
ThePrintRupee rises 9 paise against US dollar
Mumbai, Jan 5 (PTI) The rupee appreciated 9 paise to close at 83.15 against the US dollar on Friday, helped by a positive trend in domestic equities and fresh foreign capital inflows. However, rising crude oil prices in international markets and a strong greenback overseas restricted gains for the local unit, forex traders said. At […] Key Points
ThePrintDollar holds steady as risk rally stalls
By Rae Wee SINGAPORE (Reuters) - The dollar eased slightly on Wednesday though it stayed near a two-week high, underpinned by a confluence of factors including elevated U.S. Treasury yields and a Key Points
ThePrintDollar rises on safe-haven bid, big UK inflation drop hits pound
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Wednesday as a late-session selloff on Wall Street boosted the U.S. currency's safe-haven appeal, and as data Key Points
ThePrintNifty IT index stocks: Will strength in US dollar help in reviving them?
With some strength in the US dollar coming back, there is global trade which is getting started, metal prices have come down and sectors, which benefit from weaker local currencies have seen a recent bump up. The question is whether the domestic IT companies, which have been witnessing a phase of underperformance, especially the largecaps, will have any recovery due to the rupee factor? Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Key Points
Economic TimesDollar up after weaker-than-expected jobs data, fueling rate bets
By Hannah Lang (Reuters) -The U.S. dollar was higher against a basket of currencies on Tuesday, paring losses from a recent selloff in spite of data showing that U.S. job openings dropped in October Key Points
ThePrintDollar steady after key jobs data comes in below estimates
By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) -The U.S. dollar stood near a one-week high against a basket of currencies on Tuesday, after fresh employment data showed that U.S. job Key Points
ThePrintDollar steady ahead of key job data; yuan weathers China outlook cut
By Amanda Cooper LONDON (Reuters) -The U.S. dollar stood near a one-week high against a basket of currencies on Tuesday, ahead of a flurry of employment data that could upend investor expectations for Key Points
ThePrintAsia shares start Dec on cautious note, oil nurses losses
By Stella Qiu SYDNEY (Reuters) - Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the U.S. are poised to cut Key Points
ThePrintIndia, Malaysia looking at reviewing 2011 trade pact, says Malaysian Foreign Minister Kadir
At the end of a three-day visit to India, Kadir told PTI that both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups. Ways to further boost the overall trajectory of ties were discussed extensively during talks between External Affairs Minister S Jaishankar and his Malaysian counterpart on Tuesday night. Key Points
Economic TimesRupee settles 2 paise higher at 83.20 against US dollar
Mumbai, Nov 3 (PTI) The rupee settled 2 paise higher at 83.20 against the US dollar on Friday, tracking major Asian currencies amid a weak greenback and softening crude oil prices. A positive trend in domestic equities also supported the local unit, forex traders said. At the interbank foreign exchange market, the local unit opened […] Key Points
ThePrintDollar edges up as US economic growth accelerates
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar was modestly higher against a basket of currencies on Thursday after data showed the U.S. economy grew at its fastest pace in nearly two years Key Points
ThePrintRBI's likely interventions support rupee
The US dollar index, which measures the greenback against six major global currencies, shot up on Thursday after data showed a higher-than-expected rise in headline inflation in the world's largest economy. The data strengthens the possibility of the Fed raising interest rates again. Higher US interest rates lead to a stronger dollar, exerting downward pressure on emerging market currencies like the rupee. Key Points
Economic TimesRelief for rupee on pause on dollar rally, outlook remains weak
The Indian rupee is likely to open higher on Friday, tracking the U.S. dollar's pullback against major and Asian currencies and relief on the U.S. yields front. Key Points
ReutersIndian rupee drops below 83/USD for first time since October 2022
MUMBAI (Reuters) -The Indian rupee on Monday declined below 83 to the U.S. dollar for the first time since October 2022, prompting the Reserve Bank of India to intervene, three traders told Reuters. Key Points
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Rupee drops, at risk of slipping below key level on risk aversion
The Indian rupee declined on Wednesday on risk aversion fuelled by the U.S. credit rating downgrade, putting the currency at risk of slipping below a key level. Key Points
ReutersRupee hits three-week low, forward premiums at lowest since 2011
The Indian rupee declined to a three-week low on Thursday, pressured by a strengthening U.S. dollar, while far forward premiums were hovering near the lowest level since 2011. Key Points
ReutersRupee falls 14 paise to 82.76 against U.S. dollar
The Rupee depreciated 14 paise to 82.76 against the U.S. dollar in early trade on May 19, as weak Asian peers and strength of the American currency in the overseas market weighed on investor sentiments. Key Points
The HinduIranian NSA pitch for trade in national currencies in his meeting with Doval
Stating that improved Iran-India ties are not against any other country, the Iranian NSA underlined that global and regional developments had created very good conditions to strengthen interactions between the two countries in the field of energy, transportation and transit, technology, and banking. India in the past used national currencies for oil trade with Iran and over the last year has introduced trade with number of countries in national currencies. Key Points
Economic TimesBilateral trade in rupee to gather pace soon
India’s foreign exchange reserves fell $2.4 billion to $560 billion for the week ended March 10, their lowest since early December. Key Points
Financialexpress
World’s riskiest markets stumble into crisis with dollars scarce
In some of the worlds most vulnerable developing nations, the situations on the ground are dire. Shortages of dollars are crimping access to everything from raw materials to medicine. Meanwhile governments are struggling with their debts as they chase rescue packages from the International Monetary Fund. Key Points
Economic Times