Key Points
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..
Higher US interest rates lead to a stronger dollar, exerting downward pressure on emerging market currencies like the rupee..
Mumbai: The rupee ended steady versus the US dollar Friday despite an overnight global surge in the greenback, suggesting likely Reserve Bank of India (RBI) interventions to rein in currency-market volatility amid apprehensions of further Federal Reserve rate increases...
"The rupee is still just not able to break that all-time high which is a clear indication that there is a massive supply at a particular level," he said.. While precise details on the RBI's interventions in the currency market are published with a two-month lag, weekly data suggests that the central bank has stepped up market interventions through dollar sales...
While saying that the RBI did not target a particular level for the rupee's exchange rate, Das said that the RBI's reserves had imparted confidence in markets and checked the rupee's depreciation despite global shocks like the Ukraine war...
You might be interested in
Rupee settles 3 paise higher at 82.88 against US dollar
26, Feb, 24Mumbai, Feb 26 (PTI) The rupee gained 3 paise to settle at 82.88 against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market. Forex traders said softer crude oil prices provided support to the Indian currency. Also, the dollar retreated from higher levels as investors moved cautiously ahead of […]
Rupee appreciates below 82 per dollar amid strong rally in equities, inflow hopes
03, Mar, 23The local unit has touched a high of at least 81.925 in the intraday trade. This would be its best performance since February 2nd. At the latest level, the current week's gains come to around 1.2% in the rupe
Dollar holds ground ahead of key U.S. inflation data
26, Jan, 24By 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
Rupee gains 21 paise to close at 81.74 against US dollar
26, Apr, 23On Tuesday, the rupee closed at 81.95 against the US currency.
Dollar gains before key inflation data
29, Mar, 24By Karen Brettell and Alun John NEW YORK (Reuters) -The dollar gained on the euro on Thursday before key U.S. inflation data due on Friday and as investors squared positions for month- and quarter-end
Rupee pulls back from 82.95 on likely heavy US dollar selling by RBI
27, Feb, 2310year bond yield rises above 745 for first time since November 7
Rupee rises 10 paise to 81.96 against U.S. dollar in early trade
10, May, 23The Rupee gained 10 paise to 81.96 against the U.S. dollar in early trade on May 10 tracking the weakness of the American currency in the overseas market.
India rupee weakens in line with Asian peers but RBI help caps fall
03, Oct, 23The Indian rupee fell on Tuesday as elevated U.S. Treasury yields and broad strength in the greenback weighed on Asian currencies.
Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar
16, Mar, 23The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 8277 provisional against the US dollar amid mixed global equity market cues and foreign fund outflows
Dollar drops against euro, flat against yen
17, Oct, 23By Karen Brettell NEW YORK (Reuters) - The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and