Articles & Finance Updates

Appreciation was witnessed in the price of US dollar as demand of greenback rose in the currency exchange market today. The American currency started off new week’s trading at its Friday’s closing rate of Rs.85.45, posted gains amid demand high and was trading at Rs.85.50 at close of markets on Monday. Thus, rupee lost 0.05 paisas versus dollar in the kerb dealings. In the international market on Monday, A statement from US Treasury Department reported that net TIC inflows amounted to 6.7 billion, and net long-term TIC outflows rose to 44.4 billion in June. The data depicted investors rising demand in US treasuries, while shunning short-term US securities, including equities and corporate bonds.

More losses were witnessed in the price of US dollar amid declining demand of greenback in the currency exchange market today.  The US currency opened new day’s trading at Rs.85.65, shed more grounds and was changing hands at Rs.85.55 at close of markets on Wednesday. Thus, rupee recovered 0.10 more paisas versus dollar in the kerb. On the global desk, the dollar may expand weakness toward a record versus the Japan’s currency after to a 15-year low as the Federal Reserve said it would maintain bond holdings. The US currency remained at 85.00 yen as of 12:06 p.m. in Tokyo, from 85.32 yesterday in New York, when it touched 84.73, the lowest since July 5, 1995. The currency of Japan was pegged to the US currency in 1949 as part of a U.S. plan related to the Bretton Woods system.

The US currency gave up grounds amid decline in its demand in the currency exchange market today. The American dollar was trading at Rs.85.65 on Tuesday as compared to Rs.85.80 yesterday. Thus, rupee recovered 0.15 paisa that it had lost yesterday versus greenback. On the international desk, The American currency increased versus major counterparts before a statement from Fed Reserve that will give signal whether economy needs more stimulus measures. The greenback appreciated 1% to dollar 1.3098 per single currency in London.  The US dollar gave up to $1.3334 on Aug. 6, and since May 3 it was the weakest level.

US dollar continued to post more gains as demand of greenback remained high in the currency exchange market on Monday. The US dollar kicked off new day’s trading at Rs.85.65, scored major gains amid high demand and was changing hands at Rs.85.80 at close of markets. Thus, rupee lost 0.15 paisas versus the American currency. On the international desk, the US dollar remained higher in fresh trading of new week posted advances by almost 1% versus Swiss franc.  Meanwhile, crude oil advanced by over 1% to $81.59-per barrel.