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WTI Crude Oil rebounds near $64.50 after a 7.42% monthly drop in August, its first decline since April.Russian exports slip to a four-week low, while US officials accuse India of profiteering from discounted Russian crude.Technically, WTI is testing the $64.80-$65.00 resistance zone; a breakout could target $66.00 (Aug 6 high) and $67.00 (Aug 4 peak).West Texas Intermediate (WTI) Crude Oil is rebounding modestly on Monday, trading near $64.45 after logging its first monthly decline since April with a 7.42% drop in August as rising US supply and weaker seasonal demand weighed on sentiment. The fresh month begins with a 1.19%…
The dollar hit a five-week low on Monday as investors looked ahead to a raft of U.S. labour market data this week that could affect expectations for the Federal Reserve’s easing path. Traders were also assessing Friday’s U.S. inflation figures and a court ruling that most of Donald Trump’s tariffs are illegal, as well as the U.S. president’s continuing tussle with the Fed over his attempt to fire Governor Lisa Cook. Money markets have recently priced an around 90% chance of a 25 basis-point Fed rate cut in September and around 100 bps of easing by autumn 2026, according to…
RBI’s gold holding rose to 879.59 metric tonnes as at March-end 2025, up 57.49 tonnes from 822.10 metric tonnes as at March-end 2024 | Photo Credit: REUTERS The Reserve Bank of India (RBI) has cut its holding of US Treasury Securities by $14.5 billion in the last one year even as it stocked up on gold in the backdrop of rising US Treasury yields, geopolitical and US tariff-related uncertainties.The Central bank’s holding of US Treasury Securities declined from $241.9 billion as at June-end 2024, to $227.4 billion as at June-end 2025, according to latest US Department of Treasury data.The RBI’s…
The Indian rupee continued its slide, hitting another all-time low of 88.33 against the US Dollar, surpassing the previous record of 88.30 set on Friday. The rupee remains undervalued relative to its emerging market peers, and near-term pressure is expected to persist due to trade war concerns.”Sentiment remains weak, and the rupee is expected to trade within a range of 87.65–88.45,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.One reason for the falling rupee is mounting concern over a widening fiscal deficit following the US implementation of tariffs on Indian products. Additionally, steady hedging demand from…
The rupee depreciated 10 paise to close at an all-time low of 88.19 (provisional) against the US dollar on Monday amid Indo-US trade deal uncertainties and higher dollar demand from importers.Forex traders said the rupee opened on a weaker note this morning and revisited its all-time intra-day low of 88.33 against the American currency, weighed down by persistent foreign fund outflows.At the interbank foreign exchange market, the rupee opened at 88.18 against the US dollar, then lost ground and fell to an all-time intra-day low of 88.33, as additional trade tariffs on India by the US raised concerns over India’s…
The Indian rupee recovered from its record low to end unchanged on Monday, helped by likely intervention from the Reserve Bank of India towards the later part of the session, according to traders. The rupee ended at 88.1950 to the U.S. dollar, identical to Friday’s close. The currency fell 0.7% in August, its fourth consecutive monthly decline. The rupee plummeted to a fresh record low of 88.33 earlier in the day, reflecting mounting concerns over higher U.S. tariffs on Indian goods and the broader economic implications for the South Asian country.”Today being a U.S. holiday there was thin liquidity, thus…
The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US and Canada. Meanwhile, data released on Friday revealed unexpected weakness in Canada’s economy, which could pressure the Bank of Canada to cut interest rates. –Are you interested in learning more about forex indicators? Check our detailed guide- Market participants are eagerly awaiting the monthly employment…
The rupee depreciated 17 paise to 88.26 against the US dollar in early trade on Monday, as persistent foreign fund outflows weighed on investor sentiments. Forex traders said the rupee opened on a weaker note this morning and could remain under pressure as the tariffs from the US and outflows from FPIs weighed on the local unit. At the interbank foreign exchange market, the rupee opened at 88.18, then lost ground and touched an early low of 88.26 against the US dollar, registering a decline of 17 paise over its previous close.On Friday, the rupee breached the 88 per US…
The Chinese yuan held near a 10-month high against the dollar on Monday as the central bank maintained a firm fixing, with further gains likely as financial markets brace for a resumption of Federal Reserve rate cuts. The yuan was 0.01% lower at 7.1311 to the dollar by 0355 GMT, after strengthening to 7.1270 in earlier trade. The offshore yuan fetched 7.127 yuan per dollar, down about 0.06%. Prior to the market opening, the People’s Bank of China set the midpoint rate at 7.1072 per dollar, near the 10-month high seen on Friday and 209 pips firmer than a Reuters’…
The rupee depreciated 17 paise to 88.26 against the US dollar in early trade on Monday, as persistent foreign fund outflows weighed on investor sentiments.Forex traders said the rupee opened on a weaker note this morning and could remain under pressure as the tariffs from the US and outflows from FPIs weighed on the local unit.At the interbank foreign exchange market, the rupee opened at 88.18, then lost ground and touched an early low of 88.26 against the US dollar, registering a decline of 17 paise over its previous close.On Friday, the rupee breached the 88 per US dollar mark…