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Why gold, silver are falling despite persistent global tensions
Gold and silver dip as a stronger US dollar and rising yields offset safe haven demand from US Iran tensions, complicating inflation and rate outlooks.
Manappuram, Muthoot Finance shares in focus after Gold prices sell-off in global markets
Rising fears of the economic impact of the war, a stronger US Dollar, dwindling prospects of rate cuts from the US Federal Reserve, are all contributing to the downside for bullion. All of these scenarios, are negative for the yellow metal.
Rupee hits all-time low against dollar: Key drivers explained
The Indian rupee hit an all-time low of 92.54 per US dollar due to high oil prices and Middle East conflict. Barclays suggests long on Chinese yuan, while HSBC favors the Singapore dollar.
Rupee edges lower against dollar amid oil strength, equity outflows
The Indian rupee opened at 92.42 per US dollar on March 18, weakening by 5 paise from the previous close. Persistent pressure from higher crude oil prices and capital outflows weighed on the currency.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Rupee falls to all-time low of 92.41 against dollar on higher crude prices, equity sell-off
The Indian rupee fell to an all-time low of 92.41 per dollar on March 13, driven by high crude oil prices amid West Asia conflict. The Reserve Bank of India has intervened to manage sharp movements.
Dollar-Oil Link Is All That Matters Right Now in Currency Market
The US dollar has been at the mercy of a single factor as war spirals in the Middle East: the price of oil.
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Rupee recovers 58 paise against dollar after Wednesday’s all-time low close: Key drivers
The Indian rupee opened at 91.57 against the US dollar on March 5, recovering from 92.15. Brent crude rose nearly 3% amid US-Iran tensions, with analysts predicting volatility.
Metal stocks led by Tata Steel fall up to 8% as war premium fades; Aluminium outperforms
The US dollar firmed on safe-haven demand, adding pressure across the metals complex. At the same time, high crude prices raised concerns about rising inflation.
Rupee crosses 92 per dollar for the first time ever
The Indian rupee hit an all-time low of 92.02 per US dollar on March 4, driven by escalating US-Israeli strikes on Iran and rising crude oil prices. Brent crude rose over 1% to $82.32 per barrel.
Trade Setup for March 2: Nifty braces for Monday chaos after US, Israel attack Iran
Before the markets open here in India, the bigger reaction will be seen on other asset classes beyond equities. Crude oil prices, Gold prices, moves on the US Dollar, the Yen, all of which will be significant and keenly monitored by the street. In fact, Barclays has already written in a note to clients that oil prices could go up to as high as $100 per barrel.