Topic
dollar
Commodities Gold Holds Near Three-Month High as Dollar Weakens; Silver Trades Mixed on Profit Taking
Gold held near a three-month high at $4,646.08 per ounce on Aug 26, supported by a softer dollar and US Treasury buyback plans, after posting a 3.2% weekly gain. Silver diverged, falling 1.04% to $67.88 as traders booked profits, while Indian gold prices rose for a fourth straight session in Delhi.
Finance RBI Turns Net Buyer of Dollars in June After Two Months of Heavy Sales
The Reserve Bank of India turned net buyer of dollars in June, purchasing $561 million after selling $6.1 billion in May and $3.6 billion in June 2025. An NRI deposit swap scheme boosted inflows, narrowing cumulative FY net sales to -$14.5 billion and cutting the forward short position to -$103.3 billion.
Finance Bitcoin Crosses $80,000 for First Time Since Mid-May on Weaker Dollar, Up 28% in August
Bitcoin crossed $80,000 for the first time since mid-May, reaching an intraday high of $81,237.94, as a weaker dollar and Treasury plans to buy back long-dated bonds drove demand for alternative assets. The cryptocurrency gained 28% in August, its biggest monthly increase since November 2024, after President Trump urged clearer cryptocurrency rules.
Finance Rupee banknotes outnumber dollar and euro in circulation, RBI deputy governor says
RBI Deputy Governor Shirish Chandra Murmu said 176 billion rupee banknotes are in circulation, three times the volume of US dollar bills and nearly six times euro notes. The scale reflects India's denomination mix and a 'cash paradox' of double-digit currency growth amid rising digital payments.
Finance Rupee Banknotes in Circulation Triple Dollar Bills, Nearly Six Times Euro Notes
RBI Deputy Governor Shirish Chandra Murmu said 176 billion rupee banknotes are in circulation, three times the number of US dollar bills and nearly six times euro notes. India produces 28–30 billion notes a year and is exploring polymer and coatings to extend note life. Currency in circulation keeps growing at double-digit rates despite digital payment adoption.
Finance Rupee slips 7 paise against US dollar as Brent crude tops $91 per barrel
The rupee slipped 7 paise to 95.68 against the US dollar on Tuesday as Brent crude futures topped $91 a barrel and the RBI closed its concessional FCN (B) swap window. The dollar index was steady at 99.63, while FIIs net sold Rs 2,535.10 crore in equities. Anil Kumar Bhansali of Finrex Treasury Advisors said the RBI may allow further depreciation.
Finance From kirana to currency: Small towns are scrambling for dollars
Small towns have surpassed major cities in India's foreign exchange demand, driven by international travel, education and business spending. Reports from Mastercard, ClarityX, MapmyIndia, TOI and Worldpanel document rising retail, housing and premium consumption in tier-2 and tier-3 markets. Treasury and finance executives should note the broadening base of dollar demand beyond metropolitan India.
Finance India's forex reserves climb to $707 billion, mark $14.1 billion jump
India's foreign exchange reserves rose by $14.136 billion to $707.002 billion in the week ended August 7, according to RBI data. The gain follows a $10.512 billion increase in the prior week and comes after measures including the FCNR(B) deposit scheme attracted about $40 billion in inflows, according to reports.
Finance Rupee Falls 7 Paise to 95.40 Against US Dollar Amid FII Selling, Geopolitical Risks
The Indian rupee fell 7 paise to 95.40 against the US dollar, according to TOI Business Desk, driven by foreign institutional investor selling and geopolitical risks. The move implies a prior close of 95.33 and a session depreciation of about 0.07%. The report did not provide additional details on outflows or geopolitical triggers.
Finance Rupee slips 8 paise against US dollar as crude rises amid Middle East chaos
The rupee slipped 8 paise to 95.25 against the US dollar in early trade on Monday, pressured by a firmer greenback and higher crude prices. Support came from FII inflows and a $10.512 billion rise in forex reserves to $692.866 billion. Treasury experts see range-bound trade with exporters selling up to 95.40 and importers buying dips at 95.
Finance Rupee slips to 95.28 against US dollar as oil prices and treasury yields stay elevated
The Indian rupee declined 6 paise to 95.28 against the US dollar in early Friday trade, pressured by a firmer greenback and elevated US Treasury yields. Brent crude rose to $83.48 per barrel and the dollar index held near 100, keeping the rupee's bias tilted toward weakness, according to analysts. The Sensex and Nifty fell, while FIIs were net sellers on Thursday.
Finance Rupee rises 31 paise on weaker dollar, lower oil prices and continued FII inflows
The Indian rupee strengthened 31 paise to 95.12 against the US dollar on Monday, supported by a weaker dollar index, lower Brent crude prices and continued foreign portfolio inflows. Geopolitical tensions eased after US President Donald Trump delayed planned strikes on Iran, while RBI data showed forex reserves rose by $6.118 billion to $682.354 billion. FIIs bought equities worth Rs 277.48 crore on a net basis on Friday.
Finance RBI's Dollar Swap Scheme Mop-Up Doubles to Over $40 Billion in Fortnight
The Reserve Bank of India's concessional dollar swap scheme has crossed $40.8 billion in forex mobilisation as of July 31, more than double the $17.4 billion raised in the first 42 days. FCNR(B) deposits alone exceeded the 2013 special window, despite higher US Treasury yields and tax-related headwinds for NRI investors.
Finance Rupee Gains for Fourth Straight Session as Dollar Weakens, Oil Prices Remain Below $90
The Indian rupee appreciated for the fourth straight session as the US dollar softened and oil prices remained below the $90 mark. The gains reflect broader currency market trends, though specific exchange rate data is not provided in the source.
Commodities Gold and Silver Slip as Fed Decision, Stronger Dollar Weigh on Bullion Prices
Gold and silver prices declined as a stronger US dollar and cautious investor sentiment ahead of the Federal Reserve's interest rate decision dampened demand. Spot gold slipped 0.1% to $4,021.87 per ounce, while silver dropped about 2% to $57.24 per ounce internationally. In the domestic market, silver fell Rs 5,200 to Rs 2,24,800 per kg.
Finance Rupee Slips 6 Paise Against US Dollar in Early Trade, No Further Details Released
The Indian rupee weakened by 6 paise against the US dollar in early trade on July 21, 2026, as per a Business-Today article. The report contained no additional context, prior close, or market drivers.
Finance Rupee Back in Red: Breaches 96 vs Dollar as RBI Forex Boost Fades on Rising Crude Oil Prices
The Indian rupee weakened past the 96 per dollar mark on Tuesday, giving up gains from recent RBI intervention, as renewed US-Iran tensions pushed crude oil prices higher. The one-month forward premium rose to 3.17%, increasing hedging costs for importers. Analysts said the rupee will remain sensitive to oil prices, foreign flows, and the dollar index, with structural dollar demand from India's trade deficit.
Finance Rupee slips past 96 against US dollar for first time since May as oil prices soar again
The Indian rupee weakened past 96 against the US dollar for the first time since May 2026, depreciating 48 paise to 96.16 on Tuesday. Pressure came from surging crude oil prices and heightened geopolitical tensions in West Asia, which boosted demand for safe-haven assets. The move raises concerns over India's import bill and current account deficit.
Finance Rupee recovers 15 paise to 95.28 against US dollar in early trade
The Indian rupee opened stronger at 95.33 and touched 95.28 against the US dollar in early Tuesday trade, recovering 15 paise from the previous session's close of 95.43. Gains followed Saudi Arabia's record USD 11 per barrel cut in Asia oil prices and reduced Middle East risk premium.
Finance Rupee Slips 10 Paise to 95.28 as Stronger Dollar and Geopolitical Jitters Outweigh Positive Cues
The Indian rupee weakened 10 paise to 95.28 against the US dollar in early trade on Monday, driven by a stronger dollar index and geopolitical uncertainty surrounding US-Iran peace talks. The decline erased part of the previous session's 17-paise gain. Forex traders noted the rupee's failure to benefit from softer dollar and falling oil prices signals underlying fragility, with potential moves towards 96.00 if negative triggers emerge.
Commodities Rise in dollar inflows via FCNR(B) deposits may add pressure on gold prices
Domestic gold prices fell 6% in the past month to ₹146,344 per 10g on July 3, driven by global weakness and expectations of substantial dollar inflows through RBI's FCNR(B) deposit scheme. The scheme, which offers higher rates and forex hedging support, has already attracted $7 billion in June, with inflows projected to reach $50 billion by October, strengthening the rupee and adding downside pressure on gold.
Commodities Gold jumps over 1% after weak US jobs data, silver advances on weaker dollar
Gold prices surged more than 1% on Friday after weaker-than-expected US employment data reduced expectations of further Federal Reserve rate hikes. The rally put bullion on track for its first weekly gain in five weeks. Silver, platinum and palladium also advanced, supported by a weaker US dollar and renewed central bank purchases of gold in May.
Commodities Gold Falls to $4,135 as Dollar Hits One-Year High, Deutsche Bank Cuts Outlook
Gold prices declined 1.6% on Tuesday to $4,135/oz, retreating from a record $5,589/oz, as the US dollar climbed to a one-year high. Deutsche Bank lowered its gold price outlook by more than 20%, warning of a potential fall to $3,800/oz if the Federal Reserve hikes rates three to four times. The dollar's strength and weakening Asian demand are pressuring bullion, while Dubai's commodities exchange announced plans for a same-day settlement gold contract to attract safe-haven demand.
Finance Rupee Falls 30 Paise to 94.63 Against Dollar as Middle East Uncertainty Weighs
The Indian rupee fell 30 paise to close at 94.63 against the US dollar on Monday, pressured by a strong dollar index and lingering Middle East uncertainty. Forex traders noted volatile trading as supportive inflows were offset by firm dollar demand and a lack of clarity on a long-term peace deal. The RBI net sold $8.944 billion in the spot forex market in April, following $9.758 billion in March.
Commodities Gold, Silver Prices Remain Under Pressure Amid Strong Dollar and Hawkish Fed Outlook
Gold and silver prices faced sustained pressure during the week due to a stronger US dollar and a hawkish Federal Reserve outlook. The Dollar Index rose to 101 after the Fed held rates steady but signaled possible hikes. On MCX, gold futures fell 2.2% and silver dropped 5.3%, while COMEX gold lost over 1.5% and silver fell 4.5%.
Finance Rupee rebounds 20 paise to 94.20 against US dollar on India-US trade deal hopes
The Indian rupee strengthened 20 paise to 94.20 against the US dollar in early trade on Friday, driven by optimism over a potential India-US trade agreement and supported by improving foreign inflows and softer crude oil prices. Foreign Secretary Vikram Misri confirmed that trade figured prominently in recent Modi-Trump talks, with US Trade Representative Jamieson Greer expected to visit India next week. Forex analyst Amit Pabari noted that the RBI may have already purchased USD 3–5 billion over the last two sessions to rebuild reserves.
Business US-Iran Peace Deal Lifts Markets: Asian Stocks Soar, Dollar Slides to June 5 Low, Oil Tumbles & Gold Jumps 2%
The United States and Iran announced a framework agreement to end their conflict, reopening the Strait of Hormuz and lifting the US naval blockade. Global markets rallied on Monday, with Asian stocks surging, the US dollar falling to a 10-day low, oil prices tumbling over 4%, and gold jumping 2%.
Finance Rupee-Dollar Movement Driven by Global and Domestic Factors, Sitharaman Says RBI Steps In Only to Curb Volatility
Union Finance Minister Nirmala Sitharaman stated that rupee-dollar movements are driven by global and domestic factors such as US Fed policy, foreign capital flows, and currency crashes in Japan and Korea. She emphasised that the RBI intervenes only to curb excessive volatility, not to fix the exchange rate, using foreign exchange reserves sparingly.
Trade Rupee Declines Amid Tariff Concerns, Oil Price Surge
The Indian rupee fell 40 paise to 95.76 against the US dollar due to proposed US tariffs and rising oil prices. The USTR's additional duties on imports from India and other countries have heightened market concerns.