Dollar News
Japan’s central bank hikes interest rates 25 bps to a 17-year-high; Yen surges 0.7% against US dollar
Bank of Japan increased its interest rates by 25 basis points to 0.5 per cent, the highest since 2008. Yen was trading higher than the dollar in Friday’s currency market, fueled by the inline expectations of the Japanese central bank, reported AFP.
1 min read24 Jan 2025Trump’s comments on tariffs, rates spark share rally
GLOBAL-MARKETS/ (WRAPUP 8, PIX):GLOBAL MARKETS-Trump’s comments on tariffs, rates spark share rally
3 min read24 Jan 2025Gold price today: MCX gold rate hits one-month high despite strong US dollar. US Fed rate cut in focus
Gold price today: MCX gold rate finished at ₹79,019 per 10 gm on Friday, logging a weekly gain of around 0.80%
3 min read18 Jan 2025Can Donald Trump really weaken the dollar to enhance US trade competitiveness?
Trump’s options include depriving the US Fed of autonomy, taxing Treasury bonds held abroad, buying other currencies and pushing for a Plaza Accord-like pact. All these ideas have flaws, even if tariff threats are used against trade partners.
4 min read16 Jan 2025Rupee recovers from all-time low after equity markets stage comeback, US dollar retreats from record-high
Rupee vs Dollar: The rupee opened at 86.57 and touched the intra-day high of 86.45 before closing for the day at 86.53 against the greenback, registering a gain of 17 paise from its previous close.
3 min read14 Jan 2025Nifty Realty plunges 6.5% in biggest single-day drop in 7 months, down 21% from recent peak
The Nifty Realty index faced a significant decline on January 13, losing 6.50% amid concerns about US Fed rate cuts and slowing housing sales. This drop marks the index’s largest intraday loss in 7 months, pushing it to an 8-month low with a 21% correction.
2 min read13 Jan 2025Dollar rises to 2-year high after strong data dims rate-cut prospects
The dollar hit fresh highs against several currencies, continuing its rise after Friday’s strong U.S. jobs data further dimmed prospects for Federal Reserve interest-rate cuts this year.
1 min read13 Jan 2025Rupee declines past 86 mark vs dollar for first time on resilient US economy, weak inflows
The Indian rupee fell to a record low of 86.3900 per U.S. dollar due to weak inflows and increased hedging activity following strong U.S. jobs data. Foreign investors have withdrawn over $4 billion from Indian equities this month, contributing to the rupee’s decline.
1 min read13 Jan 2025Gold price today: MCX gold rate trades flat on slower US Fed rate cut buzz, soaring US dollar rates
Gold price today: According to experts, MCX gold rate is facing resistance at ₹78,800 per 10 gm mark
2 min read13 Jan 2025Gold price today: MCX gold rate climbs 1.4% this week despite US Fed’s slower rate cut stance, sticky US inflation
Gold price today: According to experts, MCX gold rate is in a broader range of ₹76,000 to ₹78,800
3 min read11 Jan 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared