US Federal Reserve

Rupee settles 20 paise lower at 75.79 against US dollar

4:29 pm June 11, 2020

Mumbai: The rupee depreciated 20 paise to provisionally close at 75.79 against the US dollar on Thursday as strengthening US dollar and weak domestic equities weighed on investor sentiment. Forex traders said risk appetite remained weak as the US Federal Reserve projected weak growth for 2020. Moreover, foreign fund outflows also dented market mood. The […]

Rupee slides 22 paise to 3-week low on equity rout

8:13 pm January 30, 2020

Mumbai: The rupee lost 22 paise to close at a three-week low of 71.49 against the US dollar on Thursday tracking heavy sell-off in domestic equities amid rising concerns over the outbreak of coronavirus. Forex traders said most Asian currencies declined after the US Federal Reserve kept its key policy rates steady. Moreover, market participants […]

Trump again attacks Fed, says central bank ‘derelict in its duties’

8:53 pm October 24, 2019

Washington: President Donald Trump once again attacked the US Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy. “The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate,” he said on Twitter, a relatively mild epithet after calling policymakers “boneheads” and […]

Rupee settles 14 paise down at 71.02 against dollar

8:56 pm October 7, 2019

Mumbai: The rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy. Forex traders said market sentiment remained fragile ahead of the US-China trade meeting. Besides, rising crude oil prices also weighed on the domestic unit. […]

Rupee rallies to nearly 2-month high as crude subsides

8:27 pm September 27, 2019

Mumbai: The rupee spurted by 32 paise to close at a nearly two-month high against the US currency on Friday as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen. The domestic currency closed higher by 0.44 per cent at 70.56 to the US dollar, a level […]

Next Posts >>