Tag: US Dollar

US Stock Market Faces Wild Swings, Ends Dismal Quarter Ahead of Trump’s Tariff Announcement
1Apr By Hindustan Herald DeskNo Comments
News

US Stock Market Faces Wild Swings, Ends Dismal Quarter Ahead of Trump’s Tariff Announcement

Monday, March 31, 2025 – US stock Market experienced extreme volatility on the final trading day of the quarter, recovering from deep losses, but still ending the first quarter of 2025 on a dismal note. This market turbulence came just a day before President Donald Trump’s highly anticipated announcement on new tariffs, a move that has traders and investors nervously positioning themselves for the next wave of market risk.Dow Jones Rebounds, Closes Over 400 Points UpThe Dow Jones Industrial Average had a remarkable recovery, clawing back nearly 900 points from its low earlier in the session. The index ended with gains of over 400 points, closing at 41,293.25 points, which signaled some investor optimism. Despite the day’s positive turn, the broader picture for the quarter remained ...
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Indian Rupee Remains Flat At 85.04 Against US Dollar In Early Trade
23Dec By Hindustan Herald DeskNo Comments
Business & Finance

Indian Rupee Remains Flat At 85.04 Against US Dollar In Early Trade

The Indian Rupee began the trading session on a flat note, holding steady at 85.04 against the US Dollar. This stability reflects balanced market sentiment influenced by global and domestic economic factors.Forex Market ObservationsTraders noted that the Rupee's performance aligned with expectations, with no significant movements in early trade. The foreign exchange market is closely monitoring developments in global crude oil prices and geopolitical tensions that could impact the currency's trajectory.Impact of Dollar Strength and Crude PricesThe US Dollar remained firm, supported by strong economic data. Meanwhile, fluctuations in crude oil prices added a layer of complexity, as India heavily relies on oil imports, impacting the Rupee's performance.RBI's Role in M...
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Indian Rupee Rises 2 Paise To 83.38 Against US Dollar
28Nov By Hindustan Herald DeskNo Comments
News

Indian Rupee Rises 2 Paise To 83.38 Against US Dollar

In the latest trading session, the Indian rupee demonstrated a slight uptick, gaining 2 paise against the US dollar. The interbank foreign exchange witnessed the rupee opening at 83.37 and later touching 83.38, marking a 2-paise increase from its previous close.Factors Driving the AppreciationThe surge in the rupee's value can be attributed to the weakness observed in the American currency and the influx of foreign funds into the domestic equities market. Forex traders highlight the positive sentiment prevailing in the domestic equity markets and the favorable impact of lower crude oil prices on the Indian currency.Previous Close and Current TrendsIn the preceding trading session, the rupee settled at 83.40 against the American currency. The current appreciation of 2 pa...
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