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INR vs USD: Rupee at 87? Experts predict fall in domestic currency on India-Pakistan conflict

The Indian rupee extended its fall on Friday, declining by 30 paise against the US dollar, as intensifying geopolitical tensions between India and Pakistan sparked risk-off sentiment in the market. Increased demand for the US dollar also dented investor sentiments.Rupee depreciated 30 paise to open at 85.88 against the greenback on Friday. The local currency saw its steepest single-day fall in more than two-and-a-half years in the previous session and settled 81 paise lower at 85.58 against the US dollar on.The India-Pakistan conflict, stronger dollar, rise in crude oil prices...
Currencies

Rupee extends declines on escalating tensions between India-Pakistan

The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan.Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close. On Thursday, the rupee saw its steepest single-day fall...
Stock Market

Dow Jones closes 200 points higher after Trump announces outline of UK trade deal

US Stock Market Highlights: Stocks climbed on Thursday (May 8) after President Donald Trump announced a trade deal framework with the United Kingdom — the first major agreement since the US imposed widespread tariffs earlier this year. The Dow Jones Industrial Average rose 254.48 points, or 0.62%, to close at 41,368.45. The S&P 500 added 0.58% to finish at 5,663.94, while the Nasdaq Composite gained 1.07% to end the session at 17,928.14.US Stock Market Highlights: Stocks climbed on Thursday (May 8) after President Donald Trump announced a trade deal framework...
Stock Market

Dow Jones surges 520 points; Bitcoin jumps above $100,000 for first time since February

US Stock Market LIVE: US stocks are rallying on Thursday (May 8) after the United States and United Kingdom announced a deal on trade that would lower some tariffs and restrictions between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy. The S&P 500 was 1.4% higher in midday trading and on track for an 11th gain in the last 13 days. The Dow Jones Industrial Average was up 566 points, or 1.4%, as of 11:45 a.m....
Stock Market

Dow Jones surges 580 points; Bitcoin jumps above $100,000 for first time since February

US Stock Market LIVE: US stocks are rallying on Thursday (May 8) after the United States and United Kingdom announced a deal on trade that would lower some tariffs and restrictions between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy. The S&P 500 was 1.4% higher in midday trading and on track for an 11th gain in the last 13 days. The Dow Jones Industrial Average was up 566 points, or 1.4%, as of 11:45 a.m....
Stock Market

Dow futures jumps 300 points as US, UK strike trade deal; European stocks rally

US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat line after the US Federal Reserve, on expected lines, left interest rates unchanged overnight. The Dow futures are 20 points lower, while the S&P 500 and Nasdaq futures are at the flat line. Goldman Sachs has raised its inflation forecast as the US Dollar continues to underperform. Watch this space for all the live updates.US Stock Market LIVE: Futures on Wall Street erased early losses and are now trading around the flat...
Stock Market

Dow futures up 200 points awaiting a trade deal; AB InBev results beat estimates

US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat line after the US Federal Reserve, on expected lines, left interest rates unchanged overnight. The Dow futures are 20 points lower, while the S&P 500 and Nasdaq futures are at the flat line. Goldman Sachs has raised its inflation forecast as the US Dollar continues to underperform. Watch this space for all the live updates.US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat...
Stock Market

Dow futures up 225 points on potential trade deal; Sterling, UK futures surge

US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat line after the US Federal Reserve, on expected lines, left interest rates unchanged overnight. The Dow futures are 20 points lower, while the S&P 500 and Nasdaq futures are at the flat line. Goldman Sachs has raised its inflation forecast as the US Dollar continues to underperform. Watch this space for all the live updates.US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat...
Currencies

Surging Asian Currencies Could Make Summer Vacation More Expensive

Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs.The dollar's decline is driven by the "Sell America" trend and trade negotiations.A weaker dollar may shift purchasing power to Asia, affecting investments and markets.Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan?You might want to hold that thought: Summer vacations in Asia may get more expensive than you think, as the US dollar continues to come under pressure.The typically stable Taiwan dollar surged by as much...
Currencies

Rupee Falls to 84.80 vs Dollar on India-Pakistan Tensions: Rediff Moneynews

The Indian rupee depreciated 45 paise to close at 84.80 against the US dollar on Wednesday, driven by heightened tensions between India and Pakistan following India's military strikes on terrorist camps in Pakistan. Mumbai, May 7 (PTI) The rupee depreciated 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday, as heightened cross-border tensions following India's military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir weighed on the domestic currency.Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and...
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