The U.S. dollar stabilised on Monday after last week’s losses, as markets await Tuesday’s key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs. The dollar index was flat at 98.25 after a 0.4% decline last week….
SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump’s pick to fill a coming vacancy on the Federal Reserve’s Board of Governors. Trump said on Tuesday he will decide on a nominee by the end of the week and had separately narrowed the…
India’s foreign exchange reserves increased by $2.703 billion to $698.192 billion for the week ended July 25, according to data released by the Reserve Bank of India (RBI) on Friday, August 1. In the prior week, the reserves had seen a decline of $1.183 billion, falling to $695.489 billion. Breaking down the latest figures: Foreign…
Rupee appreciated by 21 paise to open at 85.87 against the US dollar in early trade on Thursday, buoyed by weakness in the greenback across global markets. However, gains were capped due to firm crude oil prices and continued outflows by foreign institutional investors (FIIs), according to forex dealers. At the interbank foreign exchange market,…
Rupee drowns: The Indian rupee plunged 23 paise to close at a five-month low of 86.7875 against the US dollar on Monday, pressured by a strengthening US dollar and volatile crude oil prices following the US airstrike on Iran’s nuclear facilities. The sharp decline in domestic equity markets added further strain on the currency. The…
Rupee traded in a narrow range against the US dollar in early trade on Wednesday, pressured by rising crude oil prices and continued risk-off sentiment due to geopolitical tensions. At the interbank foreign exchange, the rupee opened at 86.42 against the dollar and briefly strengthened to 86.25 in early deals. On Tuesday, it had declined…