US President Donald Trump‘s renewed attacks on Federal Reserve Chairman Jerome Powell and the central bank’s independence are stirring market uncertainty, contributing to the US dollar hitting a three-year low.The ICE U.S. Dollar Index, which tracks the greenback against a basket of major foreign currencies, fell to 97.92 on Monday, marking its lowest level since March 2022, according to FactSet …
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MUMBAI: The rupee closed at 86.04 against the dollar on Friday, gaining 64 paise from Wednesday’s close. However, it ended the week 0.9% weaker, marking its worst weekly performance in two months. The decline followed last weekend’s rally when the currency had strengthened to 84.97.The rupee’s recovery came as the dollar weakened globally. The dollar index dropped 0.7%, hitting a …
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India’s foreign exchange reserves fell by $1.781 billion in the week ending February 28, bringing the total to $638.698 billion, latest data from the Reserve Bank of India (RBI) revealed.The country’s forex reserves have been on a volatile trajectory, touching an 11-month low after nearly four continuous months of declines. While some weeks have seen gains, others have recorded fresh …
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MUMBAI: The rupee closed at 86.95 against the US dollar on Tuesday, slipping 8 paise as demand for dollars linked to maturing non-deliverable forward (NDF) contracts and weakness among regional peers weighed on the currency. The benchmark 10-year bond was quoted at Rs.100.7, with the yield at 6.7%, as investors awaited a debt purchase scheduled for later this week.Last week, …
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MUMBAI: Net outflow by foreign funds on Friday crossed the psychologically important Rs 1 lakh crore mark for 2025, weighing on domestic investor sentiment in the stock market and also pulling the rupee back against the dollar even as the greenback in recent days showed signs of easing against other major currencies.On Friday, foreign funds net sold stocks worth Rs …
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