Dollar largest weekly rise: The dollar firmed on Friday and was set for its largest weekly gain in more than two months, as rising energy prices and prolonged disruptions to shipping stoked inflationary pressures, boosting bets on a Federal Reserve rate hike this year.
Forex Market
Gold Price Today: Struggles Near $4,600 as Ceasefire Talks Limit Gains
Gold Price Today: Gold prices are finding it difficult to gain strong momentum even after a small bounce from the $4,600 level. For the second day in a row, gold is trading under pressure as the market heads into the European session.
Rupee Falls Below 90/USD: What This Big Slide Means for India Now
The rupee sank to a record low against the US dollar on December 3, briefly breaching the psychological 90 mark before settling just below it. The downward move was driven by weak foreign flows, large offshore positioning and uncertainty around a US-India trade deal.
Rupee Hits Record Low of 89.61 Against Dollar Amid US Trade Tensions & FPI Outflows
Indian Rupee falls to all-time low of 89.61 against USD due to US-India trade uncertainty and heavy foreign portfolio outflows. RBI’s lower intervention and rising import demand add pressure.