US dollar

US labels China a ‘currency manipulator’

2:14 pm August 6, 2019

Washington: The US has officially labeled China a currency manipulator, accusing it of using yuan to gain “unfair competitive advantage” in trade, a move that could further escalate the tense trade relations between the world’s two largest economies. Washington’s move came as Beijing allowed its yuan to fall below the politically sensitive level of seven […]

Rupee slumps 54 paise to 69.60 vs USD

7:30 pm August 2, 2019

Mumbai: The rupee dived 54 paise on Friday to close at an over six-week low of 69.60 against the US dollar as soaring crude oil prices and a fresh flare up in US-China trade tensions weighed on emerging market currencies. Global markets tumbled and safe-haven assets like the Japanese yen gained after President Donald Trump […]

Rupee rises 23 paise to 68.74 vs USD in early trade

11:59 am July 19, 2019

Mumbai: The rupee appreciated by 23 paise to 68.74 against the US dollar in early trade Friday, as market participants pinned their hopes on aggressive interest cut by the US Federal Reserve later this month. Forex traders said rupee along with most Asian currencies were trading in the positive territory following dovish comments from both […]

Rupee dives 25 paise to 68.69 vs USD

7:05 pm July 12, 2019

Mumbai: The rupee depreciated 25 paise to close at 68.69 against the US dollar Friday amid rising crude oil prices and unabated foreign fund outflows. Forex traders said the rupee traded in a narrow range ahead of the release of retail inflation and factory output data. Cautious trading in the domestic equity markets also weighed […]

Rupee rises 6 paise to 68.83 vs US dollar in early trade

12:30 pm July 4, 2019

Mumbai: The rupee appreciated by 6 paise to 68.83 against the US dollar in opening trade Thursday, tracking positive opening in domestic equities and easing crude oil prices. Forex traders said rupee is trading in a narrow range as market participants are awaiting cues from the Economic Survey scheduled to be tabled in Parliament Thursday. […]