Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion
Economists in a Reuters poll lean toward a 50 basis-point increase with recession risks on the rise
The multi-pronged defence of the rupee is behind the sharp fall in RBI's long forward position
Spot gold fell for a fifth straight session, down 0.3% at $1,753.84 per ounce, which could be its longest losing streak since November 2021
Interest rates to go further up; strong dollar is likely to continue weighing on gold prices
Federal Reserve's July meeting suggested the rise in Central Bank's rates to tame inflation; gold dropped to its lowest in August, dollar rose 0.2 percent hitting a three-week high
LONDON/SYDNEY (Reuters) - World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, while the dollar slid against the yen as speculators exited suddenly unprofitable short positions.
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The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19
Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday
The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession
The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%
Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow
(Reuters) - Gold rose on Thursday as the dollar pulled back slightly and some investors scooped up bargains after two sessions of heavy losses that plunged prices below the crucial $1,800 level.
Dealers say magnitude of RBI interventions slowed down over past couple of days
The currency closed at a record low of 77.84 against the dollar after hitting 77.88 in intraday trading.
The rupee declined by 17 paise to close at its all-time low of 77.71 against the US currency on Tuesday as surging US bond yields dampened the appeal of riskier assets.
LONDON (Reuters) - The U.S. dollar was little changed on Thursday, hovering above a one-month low, as minutes from the Federal Reserve's May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings.
LONDON (Reuters) - Stock markets and the dollar moved cautiously higher on Wednesday before the latest Federal Reserve meeting minutes, while New Zealand's dollar soared as its central bank joined those now aggressively jacking up interest rates.