September 06, 2023 04:39 PM ISTThe Asian currency has hovered around the key 145-per-dollar level for the past few weeks, leading traders to keep a wary eye on signs of intervention by Tokyo.
September 05, 2023 03:57 PM IST The rupee ended at 83.04 against the U.S. dollar, compared with 82.7475 in the previous session.
August 31, 2023 09:07 AM IST The Indian economy likely grew at the fastest pace in four quarters in April-June, with economists expecting GDP to have grown by 7.7 percent on a year-on-year basis, according to a Moneycontrol survey.
August 29, 2023 09:16 AM IST Indian rupee opened marginally higher against US dollar in a thinly traded volume tracking ahead of key data this week.
August 25, 2023 12:21 PM IST The rupee may be allowed to slowly weaken towards 84 in the next six months if the current situation of dollar strength and CNH weakness persists, said the treasury head and executive director of Finrex Treasury Advisors
August 25, 2023 09:16 AM IST Dollar index rose as traders bet that US federal reserve chairman Jerome Powell would confirm expectations of higher for longer rates in his speech at Jackson Hole later on Friday
August 22, 2023 09:38 AM IST The current noise about movement toward a currency shared by the BRICS nations — Brazil, Russia, India, China and South Africa — may not amount to much. Precedent isn't encouraging: Seven years after the IMF added the yuan to its basket of reserve currencies, its share in the global cache is minute
August 22, 2023 09:11 AM IST Investors are eagerly awaiting insights from the Federal Reserve's Jackson Hole symposium to assess the possibility of interest rates stabilizing as the ongoing hiking cycle concludes.
August 21, 2023 09:14 AM IST The US central bank's July meeting minutes show most officials were concerned about rising inflation, possibly leading to more tightening
August 18, 2023 05:53 PM IST The People’s Bank of China set its so-called fixing at 7.2006 per dollar compared to an average estimate of 7.3047 in a Bloomberg survey with traders and analysts.
August 17, 2023 05:20 PM IST US bond yields surged to a 15-year peak, driven by robust economic data that dispelled assumptions of a US Federal Reserve pause or reversal in interest rate hikes.
August 15, 2023 09:05 PM IST Previously, Russia saw a large trade surplus because of high oil prices and plummeting imports after Russia invaded Ukraine. But oil prices have dipped this year, and it’s more cumbersome for Russia to sell its oil due to Western sanctions, including price caps on crude and oil products like diesel.
August 14, 2023 08:32 PM IST The dollar gained after US PPI data was higher than forecast, and safe haven demand on risk aversion in global markets.
August 14, 2023 05:16 PM IST At a press conference Friday, central bank deputy director Alexei Zabotkin said the bank is adhering to a floating exchange rate because "it allows the economy to effectively adapt to changing external conditions."
August 11, 2023 09:10 AM IST On Thursday, the RBI decided to maintain the current interest rate at 6.5%. RBI also adjusted the inflation projection for the fiscal year 2023-24 to 5.4% from the previous estimate of 5.1%.
August 09, 2023 09:25 AM IST The RBI, which will announce the policy decision on August 10 morning , is expected to hold rates but its inflation and growth projections will be closely watched
August 08, 2023 09:25 AM IST Traders turn cautious as the RBI's monetary policy committee begin its meeting in a data-heavy week which will also see the release of inflation, industrial production and manufacturing production numbers
August 07, 2023 03:54 PM IST The Reserve Bank of India's monetary policy meeting is scheduled from August 8-10
August 02, 2023 11:18 AM IST Rising oil prices, which gained more than 1 percent on August 2, and growing demand of the American currency weighed on sentiment
August 01, 2023 09:25 AM IST Crude oil prices jumped again after Chinese manufacturing PMI data released on Monday was lower than expected and increased chances of Chinese stimulus
July 31, 2023 09:27 AM IST The benchmark Sensex and Nifty fell for five out of six sessions. Sensex and Nifty lost around 2 percent in the last six trading sessions.
July 28, 2023 09:26 AM IST Indian rupee opened weaker and hit near two week low against US dollar tracking losses in the local equity and Asian currencies markets.
July 27, 2023 09:23 AM IST The dollar index, which measures the greenback’s strength against major currencies, was trading at 100.84, down 0.05 percent from its previous close of 100.88.
July 26, 2023 09:23 AM IST US Fed rate decision on Wednesday where it is expected to hike Rates by 25bps
July 24, 2023 11:03 PM IST Benjamin Franklin’s paper money contains flecks of mica, also known as muscovite or isinglass. These shiny patches were most likely an attempt to combat counterfeiters, who would not have had access to this special paper
