The US central bank's aim has been to achieve maximum employment and inflation at the rate of 2 per cent over the long run.

New Delhi [India], August 29 (ANI): Indian rupee again breached psychologically crucial 80 mark to touch an all-time low of 80.11 in early trade on Monday tracking firmness in the US dollar.

New Delhi [India], August 24 (ANI): The ongoing sluggish economic growth in the US is expected to continue through the end of 2023 as moderate gains in consumer spending and government purchases are offset by a significant decline in construction activities, global business intelligence solution firm S&P Global Market Intelligence said in an analysis.

Washington [US], August 11 (ANI): Consumer inflation or Consumer Price Index in the US has moderated to 8.5 per cent in July compared to a year ago period, US Bureau of Labor Statistics data showed. The inflation print for the month was down from a four-decade high of 9.1 per cent in June.

Washington [US], July 28 (ANI): In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating that the increase in the interest rates will be "appropriate".

Mumbai Jan 25 PTI The rupee on Tuesday depreciated by 18 paise to close at a nearly one-month low of 7478 against the US dollar due to month-end dollar demand from oil importers forex outflows and a stronger dollar in overseas markets Investors weak appetite for riskier assets also weighed on the rupee Moreover market participants are now eyeing the US Feds meeting outcome for further cues At the interbank foreign exchange market the local currency opened at 7460 against the greenback and witnessed an intra-day high of 7457 and a low of 7480 during the session The rupee finally settled at 7478 down by 18 paise over its previous close of 7460 This is the second straight session of loss for the local unit and the lowest closing level since December 27 2021 The rupee has declined by 33 paise against the American currency in two days The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 022 per cent up at 9612 Rupee becomes the worst-performing currency among Asian currencies Even after a sharp rebound in domestic equities forex market traders were uncomfortable to take risk ahead of the holiday and the Federal Open Market Committee FOMC meeting said Dilip Parmar Research Analyst HDFC Securities According to Sriram Iyer Senior Research Analyst at Reliance Securities the Indian Rupee depreciated and settled at a one-month low tracking the weak regional equities and currencies which also extended losses on Tuesday on the likelihood that the Federal Reserve will normalise monetary policy at a faster pace Indian financial markets will be closed on Wednesday for Republic Day The rupee also weakened on the back of risk-off trades amid the potential for military conflict between Russia and Ukraine Moreover stronger crude oil prices also weighed on sentiments this Tuesday Iyer said Rupee traded weak as dollar index traded positive on an anticipated hike from the US Fed in its first policy of 2022 said Jateen Trivedi Senior Research Analyst at LKP Securities The rupee has been facing support around 7500 zones whereas resistance near 7425-7430 The US Fed meeting and Union Budget will be the next key triggers watched by traders and investors Range for the rupee can be seen between 7450 - 7510 Trivedi said Brent crude futures the global oil benchmark rose 148 per cent to USD 8755 per barrel On the domestic equity market front the BSE Sensex ended 36664 points or 064 per cent higher at 5785815 while the broader NSE Nifty rose by 12885 points or 075 per cent to 1727795 Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 375158 crore as per stock exchange data PTI DRR MR MR

Mumbai Jan 25 PTI The rupee on Tuesday depreciated by 16 paise to close at 7476 provisional against the US dollar due to month-end dollar demand from oil importers and a stronger dollar in overseas markets Investors weak appetite for riskier assets also weighed on the rupee Moreover market participants are now eyeing the US Feds meeting outcome for further cues At the interbank foreign exchange market the local currency opened at 7460 against the greenback and witnessed an intra-day high of 7457 and a low of 7480 during the session The rupee finally settled at 7476 down by 16 paise over its previous close of 7460 This is the second straight session of loss for the local unit The rupee has declined by 33 paise against the American currency in two days The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 022 per cent up at 9612 Rupee becomes the worst-performing currency among Asian currencies Even after a sharp rebound in domestic equities forex market traders were uncomfortable to take risk ahead of holiday and the Federal Open Market Committee FOMC meeting said Dilip Parmar Research Analyst HDFC Securities Brent crude futures the global oil benchmark rose 148 per cent to USD 8755 per barrel On the domestic equity market front the BSE Sensex ended 36664 points or 064 per cent higher at 5785815 while the broader NSE Nifty rose by 12885 points or 075 per cent to 1727795 Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 375158 crore as per stock exchange data PTI DRR MR MR

Mumbai Jan 21 PTI The Indian rupee advanced by 8 paise to close at 7443 against the US dollar on Friday helped by some correction in crude oil prices and weaker greenback against key rivals However the rupees further recovery was restricted by continuous foreign fund outflows and sell-offs in domestic equities analysts said At the interbank foreign exchange market the rupee opened at 7450 a dollar and during the day it witnessed an intra-day high of 7440 and a low of 7455 against the American currency The domestic unit finally settled at 7443 against the American currency up 8 paise over its last close of 7451 Meanwhile the US dollar index which measures the greenbacks strength against the basket of six currencies fell 013 per cent to 9561 The Indian rupee appreciated on back of fall in crude oil prices corporate dollar inflows along with exporters dollar selling and debt raising helped the rupee in trimming weekly losses said Dilip Parmar Research Analyst HDFC Securities During this week the local currency has depreciated 28 paise against the US dollar On a weekly basis spot USDINR marked the first loss in the last five weeks on the back of a surge in virus cases higher crude oil prices and policy divergence between US Federal Reserves and Indian RBI Parmar said In the coming days price action of USDINR will be determined by Crude oil prices Federal Open Market Committee FOMC meeting outcome risk sentiments and dollar inflows he added Brent crude futures the global oil benchmark fell 195 per cent to USD 8666 per barrel Gaurang Somaiyaa Forex Bullion Analyst Motilal Oswal Financial Services said Rupee traded in a narrow range despite volatility in domestic and global equities and also as the dollar retraced from higher levels On the domestic front no major cues are scheduled but from the US market participants continue to keenly watch US treasury yields that are moving higher Somaiyaa added that on Friday volatility for the dollar could remain low as no economic data is expected to be released from the US Investors could take some cues from the treasury secretary Janet Yellens speech On the domestic equity market front the BSE Sensex ended 42744 points or 072 per cent lower at 5903718 while the broader NSE Nifty declined 13985 points or 079 per cent to 1761715 Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 467984 crore as per stock exchange data PTI DRR MKJ

Mumbai Jan 21 PTI The rupee advanced by 8 paise to close at 7443 provisional against the US dollar on Friday on the back of easing crude oil prices and dollar selling by banks and exporters However the rupees further recovery was restricted by continuous foreign fund outflows and sell-offs in domestic equities analysts said At the interbank foreign exchange market the rupee opened at 7450 a dollar and during the day it witnessed an intra-day high of 7440 and a low of 7455 against the American currency The domestic unit finally settled at 7443 provisional against the American currency up 8 paise over its last close of 7451 Meanwhile the US dollar index which measures the greenbacks strength against the basket of six currencies fell 013 per cent to 9561 The Indian rupee appreciated on back of fall in crude oil prices corporate dollar inflows along with exporters dollar selling and debt raising helped the rupee in trimming weekly losses said Dilip Parmar Research Analyst HDFC Securities During this week the local currency has depreciated 28 paise against the US dollar On a weekly basis spot USDINR marked the first loss in the last five weeks on the back of a surge in virus cases higher crude oil prices and policy divergence between US Federal Reserves and Indian RBI Parmar said In the coming days price action of USDINR will be determined by Crude oil prices Federal Open Market Committee FOMC meeting outcome risk sentiments and dollar inflows he added Brent crude futures the global oil benchmark fell 195 per cent to USD 8666 per barrel On the domestic equity market front the BSE Sensex ended 42744 points or 072 per cent lower at 5903718 while the broader NSE Nifty declined 13985 points or 079 per cent to 1761715 PTI DRR Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 467984 crore as per stock exchange data PTI DRR MKJ

Mumbai Jan 18 PTI The rupee declined by 18 paise to 7443 against the US dollar in opening trade on Tuesday as strong American currency and elevated crude oil prices weighed on investor sentimentsForex traders said muted domestic equities and dollar buying by banks on behalf of importers also dragged the local unit downAt the interbank foreign exchange the rupee opened weak at 7436 against the US dollar then fell further to 7443 against the greenback in early deals registering a decline of 18 paise from the last closeOn Monday the rupee declined by 10 paise to close at 7425 against the US currencyMeanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies advanced by 011 per cent to 9536The USD looks stronger and is expected to move higher after finding support at 9450 Flows are there in the market which will keep the rupee depreciation slow as we approach the Federal Open Market Committee FOMC meeting on January 26 and the Union Budget on February 1 said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Meanwhile global oil benchmark Brent crude futures jumped by 094 per cent to USD 8729 per barrelOn the domestic equity market front the 30-share Sensex was trading 16049 points or 026 per cent lower at 6114842 while the broader NSE Nifty declined 7750 points or 042 per cent to 1823060Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 85547 crore as per exchange data PTI BAL