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Dollar Dominance

Trump's big warning to India, Brics nations on Day 1 as US President

US President Donald Trump warned BRICS nations, stating that countries pursuing de-dollarisation efforts will face a 100 per cent tariff on trade with the United States

Trump's big warning to India, Brics nations on Day 1 as US President
Updated On : 21 Jan 2025 | 3:20 PM IST

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024

Volumes were light with holiday for New Year looming and Japan on holiday for the rest of the week, with the Santa-rally losing some steam as elevated Treasury yields weigh on high equity valuations

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024
Updated On : 31 Dec 2024 | 9:37 AM IST

Rupee rebounds after hitting Rs 85.11, settles at Rs 85.02 per dollar

The rupee had settled at Rs 85.07 per dollar on Thursday

Rupee rebounds after hitting Rs 85.11, settles at Rs 85.02 per dollar
Updated On : 20 Dec 2024 | 8:00 PM IST

Asian shares edge higher, dollar firms ahead of central bank meetings

Dollar index, which measures the US currency against six rivals, was steady at 106.77 and on course for 5 per cent gain for the year

Asian shares edge higher, dollar firms ahead of central bank meetings
Updated On : 17 Dec 2024 | 9:10 AM IST

US' overreach, not Brics, poses the real threat to dollar dominance

If Trump wants to maintain the dollar's primacy, he should recognise that its value is not dependent on American power and threats, but on American reliability

US' overreach, not Brics, poses the real threat to dollar dominance
Updated On : 16 Dec 2024 | 7:59 AM IST

Rupee falls to an all-time low, RBI intervention counters bearish tilt

While dollar-rupee forward premiums rose on Thursday in reaction to the heightened odds of a Fed rate cut and on the back of an elevated USD/INR overnight swap rate, they were pegged by the central

Rupee falls to an all-time low, RBI intervention counters bearish tilt
Updated On : 12 Dec 2024 | 4:00 PM IST

De-dollarisation not our objective, says RBI Governor Shaktikanta Das

He also mentioned that the idea of a currency for BRICS countries was floated by one of the countries; however, no decision has been made on the matter

De-dollarisation not our objective, says RBI Governor Shaktikanta Das
Updated On : 06 Dec 2024 | 11:16 PM IST

No de-dollarisation strategy in place: RBI Guv on Trump's warning to Brics

RBI Governor Shaktikanta Das explained India's stand on de-dollarisation after US president-elect Donald Trump's warning to Brics nations

No de-dollarisation strategy in place: RBI Guv on Trump's warning to Brics
Updated On : 06 Dec 2024 | 5:56 PM IST

Rupee down 2 paise to 84.49 against US dollar in early trade today

The rupee fell 2 paise to trade at 84.49 against the US dollar in early trade on Friday dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On Thursday, the rupee depreciated 7 paise to close at 84.47 against US dollar. As FPIs sold Rs 11,000 crore of shares on Thursday Indian rupee was constantly on the selling side against the US dollar which surged to its highest at 84.51 before closing at 84.4850 with the Reserve Bank of India (RBI) protecting any fall beyond 84.50 for now, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP said. "Good month-end demand for US dollar and FPIs buying it kept dollar well bid near to 84.50. Expect the buying to continue o

Rupee down 2 paise to 84.49 against US dollar in early trade today
Updated On : 29 Nov 2024 | 11:31 AM IST

Donald Trump's tariff vow hits Mexican, Canadian currencies, yen firm

Dollar jumped more than 2.5 per cent against the peso to its highest since July 2022 in New York afternoon trade

Donald Trump's tariff vow hits Mexican, Canadian currencies, yen firm
Updated On : 27 Nov 2024 | 7:12 AM IST

Euro hits lowest since June against dollar, US tariff may hurt EU economy

Market participants flagged that the sensitivity of the euro to the threat of higher U.S. import tariffs was evident late Friday.

Euro hits lowest since June against dollar, US tariff may hurt EU economy
Updated On : 11 Nov 2024 | 4:39 PM IST

Gold slips as dollar surges on Trump win, investors keep eyes on Fed

"Gold will be torn between the risk of rising inflation, potentially slowing the pace of US rate cuts, as tariffs are rolled out and continued demand for safe haven assets," said Ole Hansen, head

Gold slips as dollar surges on Trump win, investors keep eyes on Fed
Updated On : 06 Nov 2024 | 6:35 PM IST

Rupee trades 1 paisa higher at 84.07 against US dollar amid weak equities

The rupee stayed almost flat, trading 1 paisa higher at 84.07 against the US dollar in early trade on Wednesday, dragged down by strengthening American currency and relentless outflow of foreign funds. Forex traders said a downward trend in domestic equity markets and elevated level of crude oil prices prevented a recovery in the Indian currency. At the interbank foreign exchange, the rupee opened 1 paisa higher at 84.07 against the greenback and traded on a flat note in early deals. On Tuesday, the rupee settled 1 paisa lower at 84.08 against the US dollar. The local currency has been struggling to recover since October 11, when it closed at its lowest level of 84.10 against the dollar. According to analysts, the rupee has been under pressure due to the continuous selling of Indian equities by FIIs in pursuit of better gains from the Chinese market. Also, they said, a surge in the US treasury yields raised concerns that the Federal Reserve may slowdown its rate cut move, steerin

Rupee trades 1 paisa higher at 84.07 against US dollar amid weak equities
Updated On : 23 Oct 2024 | 10:11 AM IST

Rupee weakens to settle at new closing low as US dollar strengthens

Market participants said timely intervention by RBI through dollar sales helped avoid further depreciation of the local currency

Rupee weakens to settle at new closing low as US dollar strengthens
Updated On : 22 Oct 2024 | 8:26 PM IST

A $700 billion war chest: India's external sector needs skilful management

The important question is what if the insurance of higher reserves and stability in currency attracts substantially more capital inflows?

A $700 billion war chest: India's external sector needs skilful management
Updated On : 15 Oct 2024 | 10:21 PM IST

Will Trump get his wish for a weaker dollar?

One would hope that a Trump administration would not try to interfere with foreign-exchange markets beyond instituting tariffs

Will Trump get his wish for a weaker dollar?
Updated On : 26 Jul 2024 | 10:44 PM IST

Rupee hits new low of 83.57 against US dollar ahead of Fed meeting

Market participants speculated that RBI intervened in the foreign exchange market by selling dollars, which protected the rupee from further depreciation

Rupee hits new low of 83.57 against US dollar ahead of Fed meeting
Updated On : 12 Jun 2024 | 12:37 AM IST

Indian Rupee likely to rebound to 82 per dollar on bond inflows: Fitch

The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, said Jeremy Zook who is a director at Fitch in Hong Kong

Indian Rupee likely to rebound to 82 per dollar on bond inflows: Fitch
Updated On : 08 May 2024 | 8:36 AM IST

RBI holds back US dollar sales in February amid pressure on rupee

India's foreign exchange reserves have been hitting new peaks for the past seven consecutive weeks

RBI holds back US dollar sales in February amid pressure on rupee
Updated On : 23 Apr 2024 | 10:26 PM IST

Outward remittances hit new high at $29 billion in April 2023-February 2024

In February 2024, the outward remittances stood at $2.01 billion, which was 23% lower than $2.62 billion in January 2024

Outward remittances hit new high at $29 billion in April 2023-February 2024
Updated On : 23 Apr 2024 | 8:52 PM IST