On Monday, the yen gained ground against the dollar as indications that the Bank of Japan will remove negative interest rates during its policy meeting the following week diverged from forecasts that the Federal Reserve will lower rates in June. The dollar index, which compares the dollar value to that of the yen and five…
Despite worries about the Chinese economy and a rise in the dollar’s value relative to its major rivals, the rupee has recently been stable in a range of 82.30 and 83.20. The RBI kept rates constant and kept its stance of withdrawing accommodating policy intact, as was expected. The RBI actively intervened to combat rupee’s…
The dollar strengthened and expectations of a gentle landing for the sturdy U.S. economy dampened demand for gold as a safe haven yesterday, causing it to close down -0.07% at 59432. Initial claims increased only somewhat, as anticipated, but job losses were at their lowest level in almost a year and both labour prices and…
The price of gold yesterday increased by 0.1% to 59355 as traders analyzed the most recent changes to monetary policy. The Federal Reserve stopped it’s tightening drive but made a suggestion that interest rates might rise again this year. At the same time, the ECB announced a further 25 bps increase in borrowing costs and…
On June 15, the Indian Rupee was modestly worse versus the US Dollar, reflecting declines in Asian rivals. The rupee was trading at 82.18, down 0.1 percent from its previous close, after starting the day at 82.17. Yesterday, the Federal Reserve temporarily suspended its record-breaking run of interest rate increases, giving the economy more time…
In a light trading session on June 12, the Indian rupee ended with little change against the US dollar as investors awaited important CPI data and US Fed policy. The local currency increased 0.04 percent from its previous close of 82.47 to close at 82.43 for every dollar. The starting price of the currency was…
The majority of Asian currencies fell versus the US dollar in May due to tighter supply and haven bidding, which was a bad month for their value. Although the US government was able to suspend the debt ceiling before the anticipated June 5 X date, June got off to a somewhat better start. A fiscal…
Following a recovery in the dollar and weaker Chinese currencies, the Indian rupee concluded the prior week on a negative note. The local unit dropped for the second consecutive week to close at 82.77, the lowest level since February 2023. The rupee fell after reaching 82.50, despite significant inflows of foreign capital. Foreign institutions have…
Early Friday morning Asian trading saw a minor decline in oil prices as hopes that a U.S. debt default will be avoided were weighed against persistent inflation statistics that might signal future interest rate increases from central banks around the world. Brent futures were down 2 cents at $75.84 per barrel on today morning. West…
Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…
