[ad_1] The rupee slipped 8 paise to 86.96 against the US dollar in early Tuesday (February 18) trade, pressured by ongoing foreign fund outflows and a weak trend in domestic equities. Company Value Change %Change Forex traders noted a negative bias for the dollar/rupee pair, with foreign investors continuing to sell Indian stocks while the […]
Not out of woods yet as far as tariff actions are concerned, says S&P Global Ratings – CNBC TV18
[ad_1] The global economy remains uncertain as tariff actions continue to influence currency markets. Louis Kuijs, Chief Economist for Asia-Pacific at S&P Global Ratings, highlighted that whenever tariffs are expected, the US dollar strengthens, putting pressure on other currencies. While temporary relief may occur when tariff concerns subside, the risk of further trade actions remains. […]
Rupee crosses 87 against dollar for the first time in history: Key factors behind the decline – CNBC TV18
[ad_1] The Indian rupee breached the 87 per dollar mark for the first time on Monday (February 3), weakening from Friday’s (January 31’s) close of 86.61/$. The decline came amid rising global trade tensions after US President Donald Trump imposed fresh tariffs on Mexico, Canada, and China. Company Value Change %Change Trump’s executive orders imposed […]
US markets end lower as indices pause after rally; Apple drags Nasdaq – CNBC TV18
[ad_1] Benchmark indices on Wall Street took a pause after a three-day rally owing to pressure in shares of big tech. Company Value Change %Change The Dow Jones and S&P 500 fell 0.2% each, but the Nasdaq underperformed, declining 0.9% due to pressure in shares of Apple, Tesla, Nvidia and Alphabet, all of which fell […]
Rupee at record low: Dealers explain key factors behind the drop – CNBC TV18
[ad_1] The Indian rupee plunged to new lows against the US dollar, crossing the 86.50/$ mark for the first time. This sharp decline places the rupee at the forefront of global currency falls, as it recorded the largest drop among all major currencies. Company Value Change %Change Here are the key drivers of the rupee’s […]
Indian banks urge RBI to use FX swaps as liquidity crunch worsens – CNBC TV18
[ad_1] Indian lenders have urged the central bank to address a liquidity crunch by deploying foreign-exchange (FX) swaps, as short-term currency financing costs hit a four-year high, according to sources familiar with the discussions. Company Value Change %Change During recent informal talks, some banks proposed that the Reserve Bank of India (RBI) consider using FX […]
Rupee plunges 3% in 2024 amid global strength of dollar, geopolitical tensions – CNBC TV18
[ad_1] The Indian rupee tumbled 3% in 2024, weighed down by concerns over slower economic growth and the strength of the U.S. dollar. Despite this, it was one of the least volatile currencies globally, and experts suggest that headwinds for the rupee may be less intense in the coming year. Company Value Change %Change The […]
Rupee falls to a new low against the US Dollar; set for biggest single-day drop in two years – CNBC TV18
[ad_1] The rupee tumbled to a record low of 85.70 against the US dollar on Friday, December 27, marking the biggest single-day fall in two years. This decline puts the Indian currency on track for its seventh consecutive year of annual losses against the dollar and its steepest monthly drop in two years. Company Value […]
Rupee emerges as the second worst-performing currency in Asia – CNBC TV18
[ad_1] The Indian rupee gave up another 12 paise on Wednesday, November 27, 2024, to end the session at 84.45 against the US dollar. With Wednesday’s loss, the local currency has declined as much as 1.6% over the last six months. The depreciation in domestic unit is second after South Korean Won, which is down […]
Commodity markets face volatility amid dollar strength and geopolitical tensions – experts weigh in – CNBC TV18
[ad_1] Commodity prices remain highly volatile as the dollar index continues to hover near a one-year high. US President-elect Donald Trump has announced plans to impose an additional 10% tariff on Chinese goods and a 25% tariff on all imports from Mexico and Canada. These measures are expected to further strengthen the US dollar, increasing […]