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Rupee falls 19 paise to open at 95.54 against US dollar as crude oil prices rise
Rupee falls 19 paise to open at 95.54 against US dollar as crude oil prices rise
From Gift Nifty, US-Iran war, dollar to bond yields: 8 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US-Iran war, dollar to bond yields: 8 key things that changed for Indian stock market overnightMint
Asian markets slump after latest escalation between US and Iran leads to oil spike
Asian stocks and tech shares fell after US strikes on Iran, oil rose, the dollar strengthened, defensive S&P 500 sectors gained, and focus turns to the US inflation report
Dollar steadies following US strikes on Iran and ahead of inflation data
GLOBAL-FOREX/:FOREX-Dollar steadies following US strikes on Iran and ahead of inflation data
Emerging Assets Stage Rebound as Dollar Weakens Ahead of CPI
Emerging-market assets gained Tuesday, with Asian technology shares rebounding from steep losses earlier in the week and most currencies strengthening against the dollar ahead of a key US inflation report.
Gold, silver rates today: Comex gold and silver edge higher as dollar retreats, oil eases
Precious metals fluctuated on 9 June, with gold rising $25 to $4,388 and silver up $0.6 to $69.18. Easing Middle East tensions and a weakening US dollar supported prices. Investors await key US economic data amid expectations of a Federal Reserve rate hike in December.
INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions
The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.
Rupee Gains 25 Paise As Oil Prices, Dollar Ease Amid US-Iran Truce
The rupee finally ended the session at 95.36 (provisional), registering a rise of 25 paise from its previous close.
FX Daily: US Dollar Consolidates Recent Gains - Investing.com India
FX Daily: US Dollar Consolidates Recent GainsInvesting.com India
Vedanta readies $5.2 billion refinancing after rating upgrades
Anil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower borrowing costs following recent credit-rating upgrades. The refinancing will cover $3.6 billion of bonds maturing between 2028 and 2033 and $1.6 billion of loans due from 2028 onward.
RBI introduces US dollar-rupee forex swap facility for fresh FCNR deposits
The Reserve Bank introduced a US dollar-rupee forex swap facility for fresh FCNR (B) deposits mobilised by banks for a minimum tenor of three years and a maximum of five years to attract foreign capital. Foreign Currency Non-Resident (Bank) deposits are foreign currency term deposits maintained by non-resident Indians (NRIs). The swap facility will be available to the AD Category I banks for fresh FCNR(B) deposits mobilized in any freely convertible currency, including deposits that are renewed upon maturity, for a minimum tenor of three years and maximum tenor of five years. However, the swap facility with RBI will be available in US Dollars only, RBI stated. Under the swap arrangement, a bank can sell US Dollars in multiples of USD one million to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period, the central bank circular said.
INR stays pressured amid elevated oil prices and firm dollar overseas
The Indian rupee is staying largely unchanged in opening trades on Tuesday amid elevated oil prices and relatively firm dollar overseas. INR opened at Rs 95.47 per dollar and hit a low of 95.62 so far during the day. Yesterday, rupee lost further momentum and settled the day lower by around 40 paise at Rs 95.61 per dollar. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at .