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Gold hits record high of ₹1,01,600 as demand peaks ahead of wedding season

Gold purity of 99.9% hit a lifetime high of ₹1,01,600 per 10 grams.

Even as global macroeconomic uncertainties continued to fuel the safe-haven chase, gold prices in the national capital jumped by <span class='webrupee'>₹</span>1,800 on Tuesday, surpassing the critical <span class='webrupee'>₹</span>1 lakh-mark for 10 grammes due to a rush of purchases by local jewellers and stockists anticipating increased demand during Akshaya Tritiya and wedding season.(PTI)

business

Published on Apr 22, 2025 07:41 PM IST

PTI |

As Powell vs Trump battle ensues, US stock market hits new lows

The ideological battle between Donald Trump and Jerome Powell is now impacting both, the US stock market as well as the dollar. How bad are things?

Stock market plunges into crisis amid Trump vs Powell battle(REUTERS)

world news

Published on Apr 22, 2025 01:43 AM IST

ByShrey Banerjee

Gold crosses ₹95,000 for the first time as dollar weakens, trade war persists

Gold has traditionally been viewed as a safe-haven asset, especially during times of geopolitical and economic uncertainties.

One of the reasons why this came about was the US dollar weakening by 0.65%, as per data from Bloomberg's Dollar Index Spot.(Representative Image)

business

Published on Apr 16, 2025 03:44 PM IST

ByAbhyjith K. Ashokan

Gold prices ease from record high after Donald Trump's tariff exemptions

Trump had however, said on Sunday that the exclusion of smartphones and computers from his reciprocal tariffs on China will be short-lived.

This is because non-yielding gold has traditionally been viewed as a hedge against economic uncertainty and inflation.(Representative Image)

business

Published on Apr 14, 2025 12:08 PM IST

ByHT News Desk

Asian stocks rise after Trump pauses most tariffs; Shanghai gains despite hike

Donald Trump paused most tariffs for 90 days on several trade partners but raised duties on Chinese goods to 125%.

A television screen displays a news report featuring US dollar banknotes inside a trading room at Hana Bank in Seoul, South Korea, on Wednesday, April 9, 2025. (Bloomberg)

world news

Updated on Apr 10, 2025 12:02 PM IST

ByHT News Desk

Rupee drops 19 paise to 85.63 against US dollar in early trade

Market participants remained concerned as the Reserve Bank of India's monetary policy committee began its three-day deliberations on key interest rates.

According to forex traders, a steep decline in crude prices and a weaker American currency failed to support the domestic currency amid the incessant foreign fun outflows in line with the global sell-offs.(Bloomberg)

business

Published on Apr 07, 2025 10:04 AM IST

PTI |

Social Security benefits to increase starting March 2025: Who's eligible?

Monthly benefits may rise significantly, with some retirees receiving lump sum payments by the end of March.

By the end of this month, more than 3 million Social Security claimants will get higher benefits because to the Social Security Fairness Act, which President Biden signed into law in January.(Unsplash )

world news

Published on Mar 21, 2025 07:17 PM IST

ByHT News Desk

Trump endorses stablecoins, says US will follow ‘never sell your bitcoin’ rule

Trump and crypto czar David Sacks hosted a roundtable of digital assets industry executives at the White House digital assets summit in Washington.

Scott Bessent, US treasury secretary, from left, US President Donald Trump, and David Sacks, White House Artificial Intelligence (AI) and Crypto czar, during The White House Digital Assets Summit in the State Dining Room of the White House in Washington, DC, US, on Friday, March 7, 2025.(Bloomberg)

world news

Published on Mar 08, 2025 04:50 AM IST

ByHT News Desk

Shift in policy after Sanjay Malhotra became RBI Governor weakened rupee: Report

A new report cited Donald Trump tariff policies too for the weakening rupee.

A depreciation in the Indian rupee's value was attributed to a shift in policy by the RBI, a report has claimed.(PTI)

business

Published on Mar 01, 2025 01:21 PM IST

ByHT News Desk | Edited by Ashley Paul

Rupee falls 8 paise to 86.96 as foreign fund outflows continue

The rupee fell 8 paise to 86.96 against the US dollar due to foreign fund outflows and a rising dollar index.

Due to persistent outflows of foreign funds and an increase in the US dollar index, the rupee lost 8 paise to settle at 86.96 (provisional) versus the US dollar.(REUTERS//Vivek Prakash)

business

Published on Feb 18, 2025 04:33 PM IST

PTI |

Sitharaman quotes Raghuram Rajan to explain rupee dip in LS: ‘Reality is…'

Finance Minister Nirmala Sitharaman, while speaking in the Lok Sabha, quoted former RBI Governor Raghuram Rajan.

FInance Minister Nirmala Sitharaman quoted her long-time critic Raghuram Rajan while explaining the dip in rupee(PTI, Bloomberg)

business

Published on Feb 11, 2025 07:32 PM IST

ByHT News Desk

Rupee plunges to all-time low of 87.94 against US dollar, may worsen: Reports

The rupee's fall comes at a time when it has already become Asia's worst-performing currency of the year and as the RBI tries to build up its forex reserves.

The RBI cut the benchmark repo rate by 25 basis points (BPS) to 6.25% from 6.5% earlier last week and the US dollar also continued to show strength, putting pressure on the rupee.(Representational Image/Pixabay)

business

Updated on Feb 10, 2025 10:14 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

How Trump's tariffs upended financial world as nations brace for trade war

Donald Trump's tariffs: The Mexican peso tumbled more than 2% to touch its lowest in nearly three years, while the offshore Chinese yuan fell 0.3%.

US President Donald Trump gestures beside U.S. first lady Melania Trump as they leave the U.S. Capitol building on the inauguration day.(Reuters file photo)

world news

Updated on Feb 03, 2025 04:39 PM IST

ByHT News Desk

Rupee hits record low of 87.29 against dollar as Trump tariffs spook investors

US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty

Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year US bond yields also remaining high at 4.76%(Representational Image/Pixabay)

business

Published on Feb 03, 2025 11:07 AM IST

ByHT News Desk

US dollar firmer against peers after Fed keeps interest rates unchanged

Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range.

The dollar strengthened 0.51% to 0.908 against the Swiss franc(Representative Image)

business

Published on Jan 30, 2025 02:57 AM IST

Reuters |

Gold prices surge to near three-month highs amid dollar weakness

Gold prices reached near three-month highs, driven by uncertainty over U.S. trade plans, which weakened the dollar and increased demand for safe-haven bullion.

Gold prices surged to almost three-month highs on Friday, and they were headed for a fourth consecutive weekly rise as demand for safe-haven metal increased due to uncertainty around U.S. President Donald Trump's trade policies.(Unsplash/Representative Image)

business

Published on Jan 24, 2025 09:58 AM IST

Reuters |

Gold prices hit two-month high amid weakening dollar

Gold prices hit a two-month high at $2,722.83 per ounce due to a weakened U.S. dollar and investor uncertainty regarding Trump's trade policies

As the U.S. dollar declined, gold prices rose to more than a two-month high on Tuesday. Investors rushed to the yellow metal in anticipation of Donald Trump's trade policy.(Representative Image)

business

Published on Jan 21, 2025 06:09 PM IST

Reuters |

Congress targets PM Modi over Rupee’s record single-day fall against US Dollar

Congress chief Mallikarjun Kharge said that the current economic situation is causing significant suffering for the people due to the PM Modi’s ‘rank incompetence’

Congress president Mallikarjun Kharge. (Vipin Kumar/ Hindustan Times)

india news

Published on Jan 14, 2025 01:56 PM IST

BySnehashish Roy

Priyanka Gandhi demands answers from PM Modi over falling value of rupee

She said that during UPAs tenure, Narendra Modi used to link the value of the rupee with the prestige of the government.

Priyanka Gandhi Vadra pointed out at PM Modi's attacks on the then UPA government a decade earlier.(X/Priyanka Gandhi, ANI)

india news

Updated on Jan 11, 2025 06:56 PM IST

ByHT News Desk | Edited by Shivam Pratap Singh

Sensex, Nifty open in red again, dragged down by realty, banking, energy stocks

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023(Niharika Kulkarni/Reuters)

business

Published on Jan 09, 2025 09:45 AM IST

ByAbhyjith K. Ashokan

Brazil announces Indonesia's full membership in BRICS

BRICS was formed in 2009 by Brazil, Russia, India, and China, with South Africa joining in 2010. Last year, the bloc expanded to include Iran, Egypt, Ethiopia.

Brazil announces Indonesia's admission as a full BRICS member.
(ANI FILE PHOTO)

world news

Updated on Jan 07, 2025 06:08 AM IST

ByHT News Desk

Indian markets plunge over 1.5% amid HMPV fears and weak rupee

Indian equity markets fell over 1.5% on Monday, driven by global cues, a weak rupee, and fears over the HMPV outbreak.

The global cues, the decline in the Indian rupee, and the discovery of human metapneumovirus (HMPV) in India all had measurable effects on Monday's trading session, which saw the equity benchmarks drop more than 1.5 percent.(Pixabay/Representative)

business

Published on Jan 06, 2025 05:55 PM IST

ANI |

Could Trump as president accelerate de-dollarisation?

In the past when US government debt threatened to explode, there would be talk of de-dollarisation and efforts to find a substitute — all to no avail

A teller shows US dollar bills at an exchange office at the Grand Bazaar in Istanbul on November 28, 2024. (Photo by Yasin AKGUL / AFP) (AFP)

opinion

Updated on Dec 12, 2024 05:00 AM IST

ByJamal Mecklai

‘No interest in weakening dollar', says Jaishankar

S Jaishankar also said that strong personal relationship between PM Modi and President-elect Trump has helped strengthen the ties between India and the US.

External Affairs Minister S Jaishankar speaks at the 22nd Edition of Doha Forum, in Doha on Saturday. (ANI Photo)
(Dr. S. Jaishankar-X)

india news

Updated on Dec 08, 2024 12:20 AM IST

ByHT News Desk

Grand Strategy: The temptation to de-dollarise

For New Delhi, an imperfect global financial system led by the US is perhaps preferable to a “more egalitarian” China-led global financial system.

A woman counts US dollar bills. (Reuters Photo)

business

Updated on Dec 03, 2024 04:21 PM IST

ByHappymon Jacob

Donald Trump seeks ‘commitment’ from BRICS on using US Dollar

Donald Trump warned the so-called BRICS nations that they would not move to create a new currency as an alternative to using the US dollar.

Trump on his campaign trail pledged that he would make it costly for countries to move away from the US dollar. (HT_PRINT)

world news

Published on Dec 01, 2024 03:28 PM IST

Bloomberg |

'Go find another sucker': Trump's message to BRICS members, which includes India

Over the past few years a few of BRICS members, excluding India and in particular Russia and China, are seeking an alternative to the US Dollar.

US President-elect Donald Trump (AP/File)

world news

Published on Dec 01, 2024 09:49 AM IST

ByHT News Desk

Strong US dollar, domestic sell-off push rupee to all time low of 84.50

Global investors search for a safe haven amid rising geopolitical uncertainty in Ukraine. The domestic sell-off was fueled by weak corporate earnings.

A cashier displays the new 2000 Indian rupee banknotes. (file)(REUTERS)

business

Published on Nov 21, 2024 11:00 PM IST

ByHT News Desk

US Dollar hits one-year high amid Donald Trump's economic policies

The US dollar reached a one-year high against major currencies, buoyed by Trump's election and expectations for inflation.

On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480.

world news

Published on Nov 14, 2024 07:22 AM IST

Reuters | | Posted by Tuhin Das Mahapatra

Dollar slips before Federal Reserve rate cut decision

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points.

Powell may be likely to keep his options open however, and reiterate that the U.S. central bank remains data dependent given the uncertainty over how a Trump administration will play out.

world news

Updated on Nov 07, 2024 10:33 PM IST

Reuters | | Posted by Shweta Kukreti

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us dollar news

Latest from us dollar

Gold purity of 99.9% hit a lifetime high of ₹1,01,600 per 10 grams.

The ideological battle between Donald Trump and Jerome Powell is now impacting both, the US stock market as well as the dollar. How bad are things?

Gold has traditionally been viewed as a safe-haven asset, especially during times of geopolitical and economic uncertainties.

Trump had however, said on Sunday that the exclusion of smartphones and computers from his reciprocal tariffs on China will be short-lived.

Donald Trump paused most tariffs for 90 days on several trade partners but raised duties on Chinese goods to 125%.

Market participants remained concerned as the Reserve Bank of India's monetary policy committee began its three-day deliberations on key interest rates.

Monthly benefits may rise significantly, with some retirees receiving lump sum payments by the end of March.

Trump and crypto czar David Sacks hosted a roundtable of digital assets industry executives at the White House digital assets summit in Washington.

A new report cited Donald Trump tariff policies too for the weakening rupee.

The rupee fell 8 paise to 86.96 against the US dollar due to foreign fund outflows and a rising dollar index.

Finance Minister Nirmala Sitharaman, while speaking in the Lok Sabha, quoted former RBI Governor Raghuram Rajan.

The rupee's fall comes at a time when it has already become Asia's worst-performing currency of the year and as the RBI tries to build up its forex reserves.

Donald Trump's tariffs: The Mexican peso tumbled more than 2% to touch its lowest in nearly three years, while the offshore Chinese yuan fell 0.3%.

US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty

Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range.

Gold prices reached near three-month highs, driven by uncertainty over U.S. trade plans, which weakened the dollar and increased demand for safe-haven bullion.

Gold prices hit a two-month high at $2,722.83 per ounce due to a weakened U.S. dollar and investor uncertainty regarding Trump's trade policies

Congress chief Mallikarjun Kharge said that the current economic situation is causing significant suffering for the people due to the PM Modi’s ‘rank incompetence’

She said that during UPAs tenure, Narendra Modi used to link the value of the rupee with the prestige of the government.

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar

BRICS was formed in 2009 by Brazil, Russia, India, and China, with South Africa joining in 2010. Last year, the bloc expanded to include Iran, Egypt, Ethiopia.

Indian equity markets fell over 1.5% on Monday, driven by global cues, a weak rupee, and fears over the HMPV outbreak.

In the past when US government debt threatened to explode, there would be talk of de-dollarisation and efforts to find a substitute — all to no avail

S Jaishankar also said that strong personal relationship between PM Modi and President-elect Trump has helped strengthen the ties between India and the US.

For New Delhi, an imperfect global financial system led by the US is perhaps preferable to a “more egalitarian” China-led global financial system.

Donald Trump warned the so-called BRICS nations that they would not move to create a new currency as an alternative to using the US dollar.

Over the past few years a few of BRICS members, excluding India and in particular Russia and China, are seeking an alternative to the US Dollar.

Global investors search for a safe haven amid rising geopolitical uncertainty in Ukraine. The domestic sell-off was fueled by weak corporate earnings.

The US dollar reached a one-year high against major currencies, buoyed by Trump's election and expectations for inflation.

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points.

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