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CORONAVIRUS IMPACT ON DOLLAR
Demand for cruises appears undimmed despite hantavirus and other onboard outbreaksDespite recent hantavirus and norovirus outbreaks on cruise ships, industry experts anticipate a record number of passengers this year. Man...
Rupee gains under siege as health crisis fuels lockdown fearsThe dollar-rupee’s slow stochastics, a momentum indicator, shows that the currency pair is in oversold territory. The rupee rose 0.8% last ...
Oil steadies as coronavirus demand concerns outweigh weak dollarBrent futures fell 8 cents, or 0.2%, to $44.21 a barrel by 11:57 a.m. EDT (1557 GMT), while US West Texas Intermediate (WTI) crude rose 12 ...
Rupee settles 14 paise lower at 76.53 against US dollarDuring the session, the rupee witnessed high volatility and touched a high of 76.43 and a low of 76.68 against the US dollar.
Rupee slips 16 paise to record low of 76.44 against US dollarDuring the day, the local unit hit an intraday high 75.99 and a low of 76.48 against the American currency.
Rupee settles 70 paise lower at 76.34 against US dollarForex traders said rising brent prices and firm US dollar index also weighed on the local unit.
Rupee up 6 paise at 75.53 against the US dollarMotilal Oswal Financial Services expects the rupee (Spot) to quote in the range of 75.20 and 76.20.
Rupee drops by 8 paise to fresh record low of 75.20 vs dollarThe Indian unit finally settled at 75.20, down 8 paise against the US dollar.
Dollar strengthens, boosted by worries over coronavirus impactThe dollar index, which measures the greenback's strength against a basket of six other major currencies, rose about 1.0% to 101.76.
Rupee hits record low, slips below 75-mark against US dollarThe domestic unit depreciated nearly 80 paise to record low of 75.02 per dollar against the previous close of 74.23.
Rupee pares gains to close marginally down on forex outflowsThe domestic unit finally finished at 74.26, down 2 paise over its previous close.
Rupee slips below 74 for the first time since October 2018"USDINR pair is expected to quote in the range of 73.70 and 74.40,” said Motilal Oswal.
Dollar's rally sputters as investors eye more Fed cutsThe US Dollar Currency Index shed most of its gains for the year over the last few days.
Trade impact of Coronavirus epidemic for India estimated at 348 million dollars: UN reportEstimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that the slowdown of manufacturing in Chi...
Rupee dives below 73 mark, hits 16-month low on forex outflows, crude surgeIn the three consecutive sessions till Tuesday, the rupee has depreciated by 160 paise.
Rupee opens 26 paise up at 72.47 against dollarIn the previous session, the local currency declined to the lowest level in a year.
Euro holds steady as hopes of Fed cut drive traders out of dollarsThe euro climbed as high as $1.1185 overnight, its highest since early January while the dollar sank to a six-week low against a basket of ...
Dollar takes a back seat as markets bet on Fed rate cutsThe euro last traded 0.3 per cent firmer at a month-high of $1.059.
Rupee opens 23 paise down at 71.79 against US dollar"USDINR pair is expected to quote in the range of 71.20 and 71.80,” said Motilal Oswal Financial Services.
Gold holds near 2-week high on uncertainty over virus impactSpot gold was little changed at $1,582.83 per ounce as of 0453 GMT.