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The rupee declined 8 paise to close at an all-time low of 88.18 (provisional) against the US dollar on Tuesday, as Indo-US trade deal uncertainty and weak domestic equity markets pressurised the local unit.Forex traders said the rupee is trading near all-time low levels as risks remained skewed to the downside amid uncertainty over US trade tariffs.Moreover, persistent foreign fund outflows or dollar strength could drive further weakness, they added. On Monday, the rupee revisited its all-time intra-day low of 88.33 against the American currency.At the interbank foreign exchange market, the rupee opened weak at 88.14 against the US dollar,…

The Indian rupee ended marginally higher on Tuesday, but came off the day’s high, as importer demand for the greenback wiped out recovery witnessed earlier in the session. The currency ended at 88.1550, marginally up 0.05% from Monday’s close of 88.1950. It hit an intraday high of 87.8450 before declining past the 88-mark later in the day. “After the initial losses, there has been some strong demand from oil importers pushing the (USD/INR) pair higher,” trader with a state-run bank said.The rupee had dropped to a lifetime low of 88.33 on Monday after moving past the 88-mark for the first…

XAU/USD climbs 0.87% to $3,476 as quiet US session fuels momentum toward record levels.Traders price in 85% chance of September Fed cut despite inflation stubbornly above target at 2.9% YoY.Fed independence doubts and tariff uncertainty boost safe-haven appeal, with Nonfarm Payrolls now in focus.Gold rises above $3,450 and may challenge the $3,500 record on Monday, as US markets are quiet for Labor Day. Concerns regarding the Federal Reserve’s (Fed) independence and ongoing uncertainty about the trade war have kept the US Dollar subdued and increased flows toward the precious metals sector. At the time of writing, the XAU/USD trades at…

Silver extends rally to fresh 14-year highs, breaking above the key $40.00 level last seen in September 2011.Fed rate cut bets, weak US Dollar, and safe-haven demand continue to fuel bullish momentumTechnical breakout confirmed above the July peak of $39.53, with XAG/USD holding firmly above short-term moving averages.Silver (XAG/USD) kicks off the week on a strong footing, with spot prices extending their rally for a fifth consecutive session, breaking above the $40.00 mark to hit fresh 14-year highs — levels last seen in September 2011. At the time of writing, the metal is consolidating around $40.70, as thin trading conditions…

The US Dollar (USD) started the week on the defensive, slipping back to multi-week troughs amid the inactivity in the US markets and a broad-based firmer tone in the risk complex.Here’s what to watch on Tuesday, September 2:The US Dollar Index (DXY) dropped for the fifth day in a row, hitting five-week lows near 97.50 ahead of a week packed with key US data releases. The ISM Manufacturing will take centre stage ahead of the final S&P Global Manufacturing PMI, Construction Spending and the RCM/TIPP Economic Optimism Index.EUR/USD surpassed the 1.1700 hurdle to clinch fresh six-day peaks following the continuation…

Holiday-dampened start to the week gives way to hefty data docket.This week will wrap up with a bumper print of US NFP jobs data.Risk appetite is riding high as markets bet on a September Fed rate cut.September opens up on a quiet note, with US markets shuttered on Monday for a long weekend. The Labor Day holiday has market flows crimped by the US long weekend, but a wide swath of high-impact events will keep this week on the entertaining side before the latest round of US Nonfarm Payrolls (NFP) crash into markets.Tuesday will officially kick the trading week off…

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…