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Dollar index scales above crucial 101 mark
The dollar index scales above 101 mark for the first time in more than a year on Tuesday amid growing indications of a Federal rate hike in the near future. The Federal Reserve's hawkish tone at its latest meeting is seen bolstering gains the U.S. dollar. However, the yield on the US 10-year Treasury note fell to 4.48% on Tuesday as markets reacted to signs that a USIran deal could move closer to a lasting agreement. The upcoming PCE inflation report, the Feds preferred gauge, will be closely watched this week for further clarity. The dollar index that measures the greenback against a basket of currencies is quoting at 101.09. Among basket currencies, British pound weakened against a firmer US dollar but remained comfortably above $1.32 as investors balanced easing political uncertainty with weaker UK economic data. However, euro slumped to a one-year low. The Swiss franc weakened to near 0.81 per US dollar, falling near its weakest level since November 2025 amid a stronger U.S. ...
INR settles lower amid pessimistic global sentiments
The Indian rupee declined 11 paise to close at 94.74 (provisional) against the US dollar on Tuesday weighed down by a firm greenback and weak domestic markets. However, a decline in global crude oil prices cushioned against a sharper decline in the local unit. At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar and traded in a range of 94.63-94.92 before settling at 94.74 (provisional), down 11 paise from its previous close. Indian stock indices Sensex and the Nifty50 ended notably lower on Tuesday, weighed down by weakness in global markets, FII selling and weak Indian PMI data. Global tech stocks fell amid concerns that AI-driven valuations have become overstretched, triggering heavy selling in the Indian tech space.
INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Rupee opens little changed against dollar amid fall in global oil prices
Indian rupee opens slightly weaker against the US dollar as softer crude offers support, but rising US yields and Fed rate hike risks keep pressure elevated.
Rupee snaps 6-day winning streak amid importer demand, IPO-linked outflows
Domestic currency weakens against the dollar as importer demand and IPO-linked outflows outweigh support from FCNR, ECB inflows and improving global risk sentiment
Rupee edges lower against dollar amid mixed global cues
Indian rupee opens slightly weaker at 94.36 against US dollar as softer crude and easing US Iran tensions lift sentiment, outlook seen cautiously supportive.
Dollar slips as markets wait on Warshs Fed debut
GLOBAL-FOREX:Dollar slips as markets wait on Warsh's Fed debut
Rupee appreciates for 3rd straight day on easing West Asia tensions
The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71. Eventually, it settled at 94.53 (provisional), up 5 paise from its previous close. "We expect the rupee to trade with a positive bias as global markets cheer the US-Iran deal, which has boosted global risk sentiments. Declining US dollar and falling crude oil prices may further support the rupee. "Easing inflation concerns and ..
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract
MCX gold slips below ₹1.5 lakh per 10 grams, silver extends decline on global cues
MCX gold and silver slump to multi month lows as weak global cues, Fed rate hike fears and stronger US dollar drive risk off sentiment and high volatility.
Why India is the centerpiece of LG's billion-dollar bet on the Global South
LG India growth strategy and consumer electronics market expansion: LG Electronics is targeting a significant revenue increase in India, Saudi Arabia, and Brazil by 2030. India is a crucial market, offering opportunities for both new buyers and upgrades. The company is adapting its products and manufacturing to meet local needs. This strategy aims for profitable and sophisticated growth in emerging economies.
Rupee falls 25 paise against dollar in early trade: What's weighing on the currency
Indian rupee opens weaker as Brent crude surges after Iran US conflict escalates, RBI steps up support while markets watch oil prices and global risk trends.