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Currency traders weigh in for US Dollar rise after hawkish Fed remark
Hawkish Federal Reserve signals spur hedge funds to buy dollar call options, with trading surging versus the pound and euro, while dollar-yen bets stay more balanced amid Japan intervention fears
Japanese Yen near 40-year low despite BOJ interest rate hike
On Jun 19, the yen traded around 161.12 per dollar, sparking fears of intervention by Japanese authorities. Analysts attribute the yen's ongoing weakness to fiscal concerns and high short positions, despite BOJ's tightening measures. US dollar remains strong as monetary tightening expectations rise.
Indian Rupee opens flat at 94.35 against US dollar
Indian rupee opens nearly flat at 94.35 per US dollar vs 94.33, up about 1.2 percent in six sessions as easing Brent crude under 80 dollars and a stronger US dollar index shape sentiment
Gold, Silver rates today: MCX gold rate falls near ₹1.47 lakh per 10 grams, silver prices crash by ₹6,000 per kg
Gold, Silver rates today: Gold prices in the international market fell and were on track for a third consecutive weekly decline, weighed down by a stronger dollar and hawkish signals from the US Federal Reserve.
Rupee opens 2 paise lower at 94.35 against US dollar
The rupee opened marginally lower by 2 paise at 94.35 against the US dollar on Friday, 19 June, as improving domestic flows and sentiment helped cushion the impact of a stronger dollar following the US Federal Reserve's hawkish stance.
Banks seek RBI nod to let NRIs break & rebook existing deposits
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire hedging cost on deposits mobilised under the Foreign Currency Non-Resident (Bank), or FCNR(B), scheme. In line with the RBI's expectations, banks are passing on almost the entire benefit to depositors, making these deposits more attractive.
Banks seek RBI nod to let NRIs break & rebook existing deposits
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire hedging cost on deposits mobilised under the Foreign Currency Non-Resident (Bank), or FCNR(B), scheme. In line with the RBI's expectations, banks are passing on almost the entire benefit to depositors, making these deposits more attractive.
INR sees modest gains as local stocks stay supported
Indian Rupee edged up today, appreciating despite a firm undertone in the US dollar index as continued policy support kept sentiments buoyant for the local currency. Yesterday, the Reserve Bank of India has eased interest rate rules for overseas deposits. This move is set to allow banks to offer better returns on FCNR(B) and NRE accounts and will likely attract more foreign funds in coming months. INR held near five-week high following this and added 9 paise at 94.40 per US dollar.
State Bank of India to raise Rs 60,000 crore via bonds to support growth
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
SBI’s board clears record Rs 60,000 cr fundraise in FY27
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
Bank of Baroda eyes $500 million dollar bond sale under RBI’s hedge window
The planned fundraising follows a successful $750 million dollar-bond sale by HDFC Bank earlier this week at a spread of 90 basis points over benchmark US Treasury yields.
What’s driving gold and silver weakness in MCX trade
Gold and silver prices fall on MCX as strong dollar, Fed uncertainty and easing geopolitical tensions hit bullion, analysts flag key support and resistance level.