US dollar News

For potentially higher returns, investors might explore currencies such as the Australian dollar or emerging market currencies like the Brazilian real or Mexican peso, though these come with greater risk.  

Weakest Currencies In The World: There are around 180 recognised currencies in the world and some of them which are widely recognises are Dollar, Euro, Pound, Yen, Rial and Indian Rupee. But do you know that there are many currencies in the world which are considered weakest when compared to US dollar. The value of a country's currency is a complex reflection of its economic health, political stability, and global standing. Currencies can depreciate significantly due to factors such as high inflation, large public debt, political instability, economic crises, low foreign exchange reserves, and over-reliance on a single export commodity. 

The US will reduce tariffs on Chinese goods from 145 per cent to 30 per cent for 90 days, while China said it will cut tariffs on US goods from 125 per cent to 10 per cent for 90 days. 

After a period of global market volatility, foreign institutional investors (FIIs) have returned strongly to Indian markets. In the last 11 trading sessions alone, FIIs have invested Rs 37,375 crore in Indian equities and bonds. 

Meanwhile, the rupee recorded its biggest single-day gain in over two years on Friday last week, rising 0.75 per cent as a weakening dollar and falling crude oil prices boosted sentiment. 

The Fed kept interest rates unchanged at 4.25 per cent-4.50 per cent last week but signalled the possibility of two rate cuts by the end of 2025 

The Raam currency was created as an alternative monetary system to support local businesses and economic activities within the city. 

At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close. 

The Rupee traded at 83.85 versus Friday's closing of 83.75. It opened at 83.78, surpassing the previous lifetime low of 83.7525 from Friday.

Silver prices bounced by Rs 800 to Rs 91,500 per kg. It had settled at Rs 90,700 per kg in the previous session.  

In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty. 

On Monday, the rupee pared its initial gains and settled for the day lower by 3 paise at 83.13 against the US dollar.

To put it into context, the entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December. 

Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel.

The local unit finally settled at 83.13 (provisional) against the dollar, higher by 6 paise from its previous close of 83.19.

The Indian currency gained strength as the US Federal Reserve indicated three rate cuts this year despite sticky inflation. 

On the domestic equity market front, the 30-share BSE Sensex benchmark rose 236.33 points to 72,248.38. The broader Nifty gained 67.60 points to 21,885.05.

The US dollar index, which measures the greenback's strength against a basket of six currencies gained 0.20 per cent to 103.64.

India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday.

The company's IT Services segment revenue dropped 4.5 percent on a year-over-year basis to Rs 22,150.8 crore during the reported quarter from Rs 23,196 crore during the same period of 2022.