DOLLAR STRENGTH
Gold prices drop below Rs 1.4 lakh/10g, silver jumps by Rs 2,300/kg on MCX on firm dollar, Fed rate hike bets. Check rates in your city
Gold and silver prices declined as a stronger dollar and rising expectations of a Federal Reserve rate hike weighed on bullion. Hotter-than-expected US inflation and hawkish Fed signals have increased pressure on precious metals, keeping investors cautious about the near-term outlook.
D-St set for a cautious opening as GIFT Nifty signals muted start
On Wednesday, Nifty closed up by 0.8%, influenced by profit booking in IT and realty stocks. Analysts indicate that Indian equities will continue to gain from improving earnings and foreign investments. The support levels for Nifty are set between 25100-25050, while hurdles are identified at 25250-25300. Additionally, foreign portfolio investors significantly increased their buying, while domestic investors sold shares.
Gold slips as strong US inflation data bolsters dollar, Fed hike expectations
Gold prices edged lower on Thursday as hotter-than-expected US inflation data and hawkish Federal Reserve commentary lifted the dollar to near a one-month high and reinforced
US Stock Market today: Full list of stocks that lift S&P 500, Nasdaq, Dow Jones to new highs
US Stock Market: CBOE Volatility Index fell for the fourth straight session to close at a one-week low of 17.49. Last week, Wall Street's fear gauge hit its highest in more than seven months.
Dollar firms as hot inflation, hawkish Fed talk lift rate-hike bets
The US dollar has gained against multiple currencies due to expectations of Federal Reserve interest rate hikes. Inflation data revealed an increase in consumer prices, prompting trader speculation about further monetary tightening. The Japanese yen has weakened to its lowest level in over two months, approaching significant mark. Many developed-market currencies are performing poorly against the dollar this year, attributed to widening interest-rate gaps.
China stocks edge lower, Hong Kong shares fall as global rate concerns weigh
Chinese mainland stocks edged lower while Hong Kong equities fell as investors assessed rising global bond yields, stronger US inflation and uncertainty in oil markets. Technology stocks showed resilience, with the ChiNext index gaining 1% and the CSI 5G Communications Index rising 3%.
Rupee rises 7 paise to 93.70 against US dollar in early trade
The rupee strengthened 7 paise to 93.70 against the US dollar in early trade on Wednesday, supported by sustained foreign fund inflows, easing crude oil prices and improving geopolitical sentiment. The domestic currency has emerged as one of Asia's best performers in FY27, with traders expecting continued overseas investor participation to provide a buffer against external uncertainties.
Dollar gains traction as Fed speakers warn of risks from inflation
The US dollar is holding onto gains following a stronger-than-expected inflation report. Federal Reserve comments indicate potential rate hikes to address ongoing inflation concerns. Market expectations are shifting, with traders anticipating a rate hike at the upcoming policy meeting. The yield on the US 10-year Treasury bond has also increased, reflecting market sentiments. Cryptocurrencies like bitcoin and ether are trading near three-month lows amidst these developments.
US Dollar crashes today: Why is USD down against other currencies?
Brent crude futures fell $5.75, or 5.85 per cent, to settle at $92.57 a barrel, and prices continued falling after settlement, while US West Texas Intermediate futures dropped $3.98, or 4.38 per cent, to $86.85.
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strength
China's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robust US jobs data. Beijing's efforts to manage currency appreciation, alongside foreign exchange reserve adjustments, supported stability. Meanwhile, inflation trends and subdued domestic demand continued influencing monetary policy and currency movements.
Indian rupee strengthens past 94/$ as oil slides, foreign inflows return
The Indian rupee strengthened past 94 per dollar after regaining appeal among emerging-market currencies recently. Significant foreign inflows into Indian equities and a sharp fall in oil prices are key factors. Analysts suggest India's equity markets may attract global investments as concerns about AI infrastructure spending grow. The Reserve Bank of India announced measures to support the rupee against maintaining fluctuations.
Rupee falls 9 paise to 94.50 against US dollar in early trade
In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing substantial equities, bolstering market optimism.
Fed's Beth Hammack favors gradual rate-hike path to lower inflation
Cleveland's Federal Reserve President Beth Hammack has emphasized the need for additional rate hikes to achieve the target inflation rate of 2%. She proposes implementing smaller, more frequent adjustments to minimize impacts on households and markets. Dissatisfied with the last Fed meeting's outcome, Hammack argues that the current monetary policy lacks sufficient restrictiveness.
Rupee gains 17 paise to settle at 94.58 against Us dollar
The Indian rupee appreciated for the second consecutive session, closing 17 paise higher against the US dollar. Easing crude oil prices and inflows from foreign investors contributed to the rupee's firmness. Domestic equity markets also performed well, with both Sensex and Nifty rising significantly. The dollar index experienced a decline, reflecting a weaker American currency. These factors indicated improved global sentiment following the US midterm elections.
Glittering Prospects: Why Gold is the ultimate sweet spot this Dhanteras
Gold is trading over 20% below its peak ahead of Dhanteras, offering long-term investors a potential staggered buying opportunity. Central-bank demand, ETF inflows and rupee weakness could support prices, with analysts projecting returns of 15–20% by next Dhanteras.
Rupee rises 14 paise to 94.61 against Us dollar in early trade
In early trade, the rupee appreciated by 14 paise, reaching 94.61 against the US dollar. This upswing was fueled by declining crude oil prices and a weaker US dollar. Additionally, the inflow of foreign funds and a buoyant equities market bolstered the rupee's strength. During this period, the Sensex increased by 435.10 points, while the Nifty rose by 115.
Rupee rises 12 paise to 94.72 against US dollar in early trade
The rupee rose by 12 paise to 94.72 against the US dollar in early trading on Tuesday. This increase was driven by declining crude oil prices and foreign fund inflows into domestic equities. The dollar index recorded a slight increase, reflecting cautious investor sentiment amid upcoming midterm elections in the US. In the domestic equity market, the Sensex and Nifty both experienced significant gains.
Rupee ends little changed as traders stay cautious despite oil, dollar drop
The Indian rupee closed at 94.90 per dollar, trimming its earlier advances. Despite lower oil prices and a softening dollar, the rupee struggled to gain ground as traders remained wary ahead of the impending US midterm elections. Additionally, the Reserve Bank of India's increased dollar forward position suggests a possible dollar-buying approach. Overall, market sentiment reflects caution as global factors continue to influence local currency trends.
Rupee falls 21 paise to 94.97 against US dollar in early trade
In the early hours of trading, the rupee fell by 21 paise to 94.97 against the US dollar, influenced by a firmer dollar along with local market dynamics. Although Brent crude prices decreased, which offered some support, the Reserve Bank of India’s interventions helped stabilize volatility. Meanwhile, foreign institutional investors actively purchased equities, contributing to notable rises in both the Sensex and Nifty indices.
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