US dollar News

India's Forex Reserves Hit a 10-Month Low Amidst Rupee's Steepest Weekly Drop in 18 Months

India's forex reserves have fallen to a 10-month low of $625.9 billion, with the rupee experiencing its steepest weekly drop in 18 months. The decline is attributed to RBI's dollar...

Bessent Argues Against the Need for a Central Bank Digital Currency in the US

Scott Bessent, nominated as US Treasury Secretary, believes there's no need for a central bank digital currency in the US, citing the availability of secure assets and the importan...

Rupee Hits Two-Year Low: Impact of Russian Oil Sanctions and Strong Dollar

The Indian rupee fell sharply to a two-year low, impacted by US dollar strength and Russian oil sanctions. RBI's cautious intervention and global economic trends are influencing th...

Massive Withdrawal: FPIs Pull Out Rs 22,000 Crore from Indian Equity Markets by January 10

Foreign Portfolio Investors (FPIs) have withdrawn Rs 22,194 crore from Indian equities by January 10, influenced by a weak earnings season, a rising US dollar, and tariff war conce...

Massive Withdrawal: Foreign Investors Pull Over Rs 22,100 Crore from Indian Equities Amid Global Uncertainties

Foreign investors have withdrawn over Rs 22,100 crore from Indian equities this month due to weak earnings, a strong US dollar, and tariff policy concerns. This marks a cautious st...

British Pound Hits Lowest Against Dollar Since April 2024 Amid Economic Concerns

The British pound has weakened to its lowest level against the US dollar since April 2024, driven by economic uncertainties, rising bond yields, and a slowdown in key sectors. This...

Indian Rupee Hits Record Low Against US Dollar: What's Driving the Decline?

The Indian rupee has hit a record low against the US dollar, influenced by rising US Treasury yields and a downturn in Asian currencies. Challenges include slowing FDI inflows and ...

Rupee Plunges to Historic Low: 6th Consecutive Day at 85.2/$

The Indian rupee hit an all-time low for the sixth consecutive trading session, closing at 85.20 against the US dollar. Factors contributing to the decline include rising US bond y...

Gold Prices Drop in India, Silver Surges: Market Insights

Gold prices in New Delhi dropped by Rs 100 to Rs 78,600 per 10 grams, while silver surged by Rs 500 to Rs 90,500 per kg. Global gold futures remained steady, influenced by a strong...

Rupee Hits a New Low: 85.12 Against the Dollar

The Indian rupee closed at a new low of 85.12 against the US dollar on Monday, a 5 paise drop from its previous close, as the dollar gained strength globally.

Rupee Hits 85/$ Mark Amid Fed's Rate Cut Uncertainty

The Indian rupee breached the 85 level against the US dollar due to the Federal Reserve's indication of fewer rate cuts, leading to dollar strength and concerns over RBI's response...

UK Inflation Data Boosts European Markets: A Closer Look

European stock exchanges opened higher on Wednesday following the release of UK's November inflation reports. Key indices like FTSE 100, DAX, Euro Stoxx 50, and CAC 40 all showed g...

Bank of Japan's Interest Rate Decision: Key to Asia-Pacific Markets' Performance

Asia-Pacific stock indexes traded mixed as investors awaited the Bank of Japan's interest rate decision. The BOJ is expected to maintain rates at 0.25%. Market performance varied a...

Rupee Tumbles to Record Low Amid Global Market Volatility

The Indian rupee closed at a new low of 84.86 against the US dollar, influenced by global factors including a weaker Chinese Yuan and rising US bond yields. Despite recent deprecia...

ECB Rate Cut Sends Global Stocks Lower, Gold and Oil Prices Drop

Global stocks fell and major Wall Street indexes dropped after the ECB cut interest rates. European stocks and the Swiss franc also reacted negatively. Meanwhile, the US PPI surged...

Asia's Stock Markets React to Mixed Economic Data from China and Japan

Major stock indexes in the Asia-Pacific region traded mixed on Monday, influenced by economic data from China and Japan. China's consumer price growth missed expectations, while Ja...

South Korea's Won Plunges as Martial Law Declared

The South Korean won has plummeted to a two-year low against the US dollar following President Yoon Suk Yeol's declaration of a state of emergency. The specifics of how martial law...