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| 25 February, 2021, 10:29 PM IST | E-Paper
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    Forex News

    Dollar weakens as market optimism lifts riskier currencies

    Dollar weakens as market optimism lifts riskier currencies

    Among the gainers versus the weaker dollar, the British pound broke $1.39 for the first time in nearly three years , helped by expectations that the success of the UK's COVID-19 vaccination programme could enable the economy to open up and rebound.

    Rupee gains 7 paise to close at 72.68 against US dollar

    Rupee gains 7 paise to close at 72.68 against US dollar

    At the interbank forex market, the local unit opened at 72.61 against the greenback and witnessed an intra-day high of 72.57 and a low of 72.69.

    Rupee rises 14 paise to 72.61 against US dollar

    Rupee rises 14 paise to 72.61 against US dollar

    The rupee started on a stronger note against the greenback buoyed by upbeat risk appetite in the markets, Reliance Securities said in a research note.

    Goldman’s weaker dollar call adds to emerging-market fervor

    Goldman’s weaker dollar call adds to emerging-market fervor

    MSCI Inc.’s index tracking developing-nation currencies climbed to a record on Friday as the dollar posted its biggest weekly drop in 2021, even as U.S yields rose.

    Rupee gains 12 paise to close at 72.75 against US dollar

    Rupee gains 12 paise to close at 72.75 against US dollar

    At the interbank forex market, the local unit opened at 72.79 against the greenback and witnessed an intra-day high of 72.75 and a low of 72.83.

    Rupee gains 10 paise to 72.77 against US dollar

    Rupee gains 10 paise to 72.77 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.07 per cent to 90.48.

    Rupee opens on flat note against US dollar

    Rupee opens on flat note against US dollar

    At the interbank forex market, the domestic unit opened at 72.81 against the US dollar, registering a rise of just 3 paise over its previous close.

    Rupee settles on flat note, higher by 3 paise at 72.84 against US dollar

    Rupee settles on flat note, higher by 3 paise at 72.84 against US dollar

    Rupee finally ended at 72.84 against the American currency, registering a rise of just 3 paise over its previous close.

    Rupee opens on flat note against US dollar

    Rupee opens on flat note against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.

    Rupee gains 10 paise to close at 72.87 against US dollar

    Rupee gains 10 paise to close at 72.87 against US dollar

    At the Interbank Foreign Exchange (forex), the local unit opened sharply higher at 72.87 against the dollar. During the session, the unit touched a high of 72.85 and a low of 72.92. It finally settled at 72.87, registering a rise of 10 paise against the greenback.

    Rupee rises 8 paise to 72.89 against US dollar

    Rupee rises 8 paise to 72.89 against US dollar

    At the interbank forex market, the local unit opened sharply higher at 72.87 against the US dollar and lost some ground to 72.89 in early deals, registering a rise of 8 paise over its last close.

    Rupee slips by 4 paise to 72.97 against US dollar

    Rupee slips by 4 paise to 72.97 against US dollar

    At the Interbank Foreign Exchange (forex), the rupee opened sharply higher at 72.86 against the dollar. During the session, the unit touched a high of 72.80. It finally settled at 72.97, registering a fall of 4 paise against the greenback.

    Rupee rises 9 paise to 72.84 against US dollar

    Rupee rises 9 paise to 72.84 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.03 per cent to 91.07.

    "Dollar smile" meets "dollar short"; greenback bounce threatens bears

    "Dollar smile" meets "dollar short"; greenback bounce threatens bears

    Given the volume of global investment and commercial trade flows that hinge on dollar strength or weakness, getting the exchange rate correct is one of the most crucial calls a fund manager can make.

    Dollar set for best week in three months, BoFA flags upside risk

    Dollar set for best week in three months, BoFA flags upside risk

    The dollar index touched a two-month high in Asian trade amid signs of resilience in the labour market, with closely watched U.S. nonfarm payroll figures due later. It retreated in European trading.

    Rupee gains 3 paise to settle at 72.93 as RBI keeps repo rate unchanged

    Rupee gains 3 paise to settle at 72.93 as RBI keeps repo rate unchanged

    It finally ended at 72.93 against the American currency, registering a rise of 3 paise from its previous close.

    Dollar outlook still dark, recent strength a blip: Poll

    Dollar outlook still dark, recent strength a blip: Poll

    After a sell-off that began last year, the dollar rose in four of the past five weeks and was up over 1 per cent for the year as traders reviewed heavy bets against the currency.

    Rupee rises 6 paise to 72.90 against US dollar in early trade

    Rupee rises 6 paise to 72.90 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.07 per cent to 91.23.

    Rupee settles on flat note, higher by 1 paisa at 72.95 against US dollar

    Rupee settles on flat note, higher by 1 paisa at 72.95 against US dollar

    Rupee finally ended at 72.95 against the American currency, registering a rise of just 1 paisa over its previous close.

    Rupee opens flat against US dollar in early trade

    Rupee opens flat against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 91.05.

    Rupee rises 6 paise to end at 72.96 against US dollar

    Rupee rises 6 paise to end at 72.96 against US dollar

    Analysts said the rupee is trading in a narrow range as traders remained cautious ahead of the Reserve Bank of India (RBI) monetary policy scheduled on Friday.

    Rupee opens on flat note against US dollar in early trade

    Rupee opens on flat note against US dollar in early trade

    At the interbank forex market, the domestic unit opened at 73.02 against the US dollar and inched higher to 73.01 against the greenback, registering a rise of just 1 paisa over its previous close.

    Rupee tumbles 6 paise to close at 73.02 against US dollar

    Rupee tumbles 6 paise to close at 73.02 against US dollar

    The local unit finally settled at 73.02, registering a fall of 6 paise over its previous close, even as the domestic equity market settled with significant gains on Budget day.

    Rupee rises 8 paise to 72.88 against US dollar

    Rupee rises 8 paise to 72.88 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 90.53.

    Rupee gains 9 paise to finish at 72.96 against US dollar

    Rupee gains 9 paise to finish at 72.96 against US dollar

    On Thursday, the rupee had finished at 73.05 against the American currency.

    Rupee rises 7 paise to 72.98 against US dollar

    Rupee rises 7 paise to 72.98 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.31 per cent to 90.73.

    Rupee settles 13 paise lower at 73.05 against US dollar

    Rupee settles 13 paise lower at 73.05 against US dollar

    It finally finished at 73.05, lower by 13 paise over its last close. On Wednesday, the rupee had ended at 72.92.

    Yellen faces ‘Currency War’ redux as she ditches a strong dollar

    Yellen faces ‘Currency War’ redux as she ditches a strong dollar

    The dollar has tumbled more than 13 per cent from its high last March, thanks in part to historic moves by the Federal Reserve to pump liquidity into the financial system and pull down American borrowing costs.

    Rupee falls 21 paise to 73.13 against US dollar in early trade

    Rupee falls 21 paise to 73.13 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 90.75.

    Dollar edges before Fed meeting, euro slips

    Dollar edges before Fed meeting, euro slips

    The dollar reversed declines against riskier currencies, even as pandemic recovery hopes got a boost from the International Monetary Fund's upgrading its forecast for 2021 global growth.

    Rupee settles 2 paise higher at 72.92 against US dollar

    Rupee settles 2 paise higher at 72.92 against US dollar

    Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 90.39.

    Rupee rises 8 paise to 72.86 against US dollar in early trade

    Rupee rises 8 paise to 72.86 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 90.23.

    Dollar firm as jittery markets look to Fed for catalysts

    Dollar firm as jittery markets look to Fed for catalysts

    The common currency slipped slightly overnight to $1.2142 and held there in early Asia trade. The yen was steady at 103.76 per dollar, while the risk-sensitive Australian and New Zealand dollars softened marginally.

    Rupee rises for 5th straight session, settles 3 paise higher at 72.94

    Rupee rises for 5th straight session, settles 3 paise higher at 72.94

    It finally finished at 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at 72.97 against the American currency.

    Forex reserves down by $1.839 billion to $584.242 billion

    Forex reserves down by $1.839 billion to $584.242 billion

    In the reporting week, foreign currency assets (FCA) -- a major component of the overall reserves -- decreased by $284 million to $541.507 billion, weekly data by the Reserve Bank of India (RBI) showed.

    Rupee pares losses to settle marginally higher at 72.97 against USD

    Rupee pares losses to settle marginally higher at 72.97 against USD

    The domestic unit finally ended 2 paise higher at 72.97 against the US dollar, marking its fourth straight session of gains.

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