Oil prices are up in early trade on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai ready to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures raised 82 cents to $113.37 a barrel, while U.S. West Texas…
The rupee increased 4 paise to 77.66 against the U.S. dollar in the early trade on Monday as a positive trend in domestic equities and weak American currency overseas supported the local unit. However, unrestricted foreign fund outflows and increasing crude prices in the global markets restricted the rupee’s gain, forex dealers said. Moreover, U.S….
The Indian rupee fell to a fresh all-time low of 77.43 against the U.S. dollar on Monday as raised crude oil prices, inflation fears, interest rate hikes and weak domestic equities weighed on investor sentiments. Risk aversion in international markets, dollar strength reduced demand for riskier assets, pull the local unit lower. The rupee decreased as much…
The rupee was down on Friday by the U.S dollar earning strength globally and the sustained greenback purchases by foreign investors, who continued to sell the shares in the Indian equity market in the wake of the U.S. Fed rate hike. The Indian unit decreased about 66 paise to close at 76.9150 per dollar against…
The rupee gained 8 paise to 76.40 against the U.S. dollar in early trade on Wednesday in expectation of foreign fund inflows through LIC IPO. At the interbank foreign exchange, the rupee opened at 76.46 against the U.S. dollar, then gained further ground to price at 76.40, registering a rise of 8 paise from the…
Gold prices are down on April 25 in the global markets near to their lowest level in two weeks touched in the previous session as an elevated US dollar continued to pressure demand for greenback-priced bullion. On the Multi-Commodity Exchange (MCX), Gold contracts were down 0.36%, trading at Rs 52,073 for 10 grams, Silver also down…
At Foreign exchange, the rupee opened on a muted note at 76.41 against the US dollar, then fell and touched an early low of 76.43 in initial deals, registering a fall of 24 paise over its previous close. On Wednesday, the rupee was down by 4 paise closed at 76.19 against the US dollar. Meanwhile,…
Gold in Asia rose to a two-week high on Tuesday morning. A weaker dollar gave a boost to the yellow metal, and the US. Investors are waiting for the Federal Reserve to release minutes from its latest policy meeting. Gold futures rose 0.80% to $ 1,797.65 on Friday, June 18. The dollar, which normally moves…
As the dollar weakened, investors flocked to the U.S. Gold rose on Friday as the Federal Reserve weighed in on the chances of a tightening, with the U.S. strongest. Showed a slight increase in the unemployment rate after the employment report. Spot gold rose 0.4% to $ 1,784.21 per ounce, hitting $ 1,794.86, its highest…
After the US Federal Reserve identified that it may raise interest rates faster than expected, the U.S. Crude oil prices fell on Thursday as the dollar strengthened, but losses 8849 | U.S. crude oil cargo. After reaching a high from April 2019 in the previous session, Brent crude oil futures fell 42 cents, or 0.6%,…
