April 14, 2020 7:18 pm
India already has a $75 billion bilateral currency swap line with Japan, which has the second highest dollar reserves after China.
March 20, 2020 11:18 am
The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 per cent to 102.08, helping the rupee trade higher.
January 04, 2020 7:11 am
Intra-day, Brent crude surged 4.5 per cent to $69.23 per barrel and WTI increased 4.1 per cent to $63.71 per barrel, after worries over an escalation in tension hit the sentiment.
November 14, 2019 3:04 pm
A Fed research paper estimated in 2017 that as much as 70% of all dollars are held outside the United States and 60% of all $100 bills circulated overseas.
June 06, 2019 10:29 am
Forex traders said that foreign fund outflows and rising crude oil prices also kept pressure on the Indian rupee. The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day.
May 10, 2019 12:50 pm
Forex traders said, rising crude oil prices and strengthening of the US dollar against some major rival currencies overseas also pulled down the local unit.
May 09, 2019 7:12 am
Markets were nervously awaiting the start of two-day trade talks in Washington later in the global day to see if Chinese negotiators can convince the White House to back down on a threatened tariff hike Friday.
May 03, 2019 1:06 pm
The poll consensus was for the dollar index to underperform over the coming 12 months, with the euro forecast to gain 5 per cent to $1.18 - a similar prediction to last month.
March 19, 2019 10:18 am
Meanwhile, the benchmark BSE Sensex rose 83.10 points, or 0.22 per cent, to 38,178.17 in early trade.
February 23, 2019 1:35 pm
This has played out despite a chorus predicting after the financial crisis that the dollar might finally surrender some of its dominance; that, in an age of pushback to American exceptionalism, it was time for someone else’s money to have a turn.