US dollar | DD News

January 28, 2026 11:16 AM

Trump says value of the dollar is ‘great’, currency hits 4-year low

U.S. President Donald Trump said on Tuesday the value of the dollar was "great", when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low. The dollar's recent weakness stems from multiple factors: expectations of continued Federal Reserve rate cuts, tariff uncertainty, policy volatility including threats to Fed independence and rising fiscal deficits, all of which have eroded investor confidence in U.S. economic stability. A lower do...

January 27, 2026 12:18 PM

Gold, silver continue to touch new highs as US dollar weakens

Gold and silver prices surged to record highs on Tuesday, amid persistent weakness in the US dollar and expectations of rate cuts by the US Federal Reserve. MCX gold February futures rose 1.48 per cent to Rs 1,58,343 per 10 grams. Meanwhile, MCX silver March futures rose 6.56 per cent to Rs 3,56,670 per kg. Earlier in the day, gold had peaked to Rs 1,59,820 per 10 grams, up 2.4 per cent, before profit-booking eased the price level. International markets also saw gold and silver touching recor...

December 23, 2025 1:33 PM

Gold, silver hit record highs amid US-Venezuela tensions, weaker dollar

Gold and silver prices surged more than 1 per cent to fresh record highs on Tuesday, supported by strong safe-haven demand amid escalating geopolitical tensions, particularly between the United States and Venezuela, and a weaker US dollar. On the Multi Commodity Exchange (MCX), February gold futures rose 1.2 per cent to an all-time high of ₹1,38,381 per 10 grams and were trading 1.01 per cent higher at 10.48 am. MCX silver jumped 1.7 per cent to a record high of ₹2,16,596 per kilogram and ...

September 10, 2025 5:32 PM

India not pushing for alternative to US dollar: CEA Nageswaran

Chief Economic Adviser V. Anantha Nageswaran on Wednesday dismissed speculations that India is exploring an alternative currency to the US dollar, stating that no such plans are under consideration. Nageswaran added that despite tariff disputes and geopolitical uncertainties affecting global trade, the Indian economy is well-positioned for positive developments rather than shocks. “India’s economy remains on a firm footing,” he affirmed. The CEA noted that the net impact of US tariffs an...

August 11, 2025 12:15 PM

Indian rupee strengthens against US dollar despite tariff concerns

The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India. The local currency opened 13 paise stronger at 87.53 against the US dollar up from 87.66 on Friday. The immediate trading range is ex...

June 18, 2025 3:04 PM

US added over 1,000 new millionaires a day last year, UBS report says

Wealth grew disproportionately quickly last year in the United States, where over 379,000 people became new U.S. dollar millionaires, more than a 1,000 a day, a report published on Wednesday showed. Private individuals' net worth rose 4.6% worldwide, and by over 11% in the Americas, driven by a stable U.S. dollar and upbeat financial markets, the 2025 Global Wealth Report by UBS UBSG.S found. The United States accounted for almost 40% of global millionaires in 2024. In 2023, Europe, the Middle...

April 11, 2025 12:04 PM

Dollar sinks to decade-low vs Swiss franc as US hit by loss of confidence

The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets to the benefit of safe havens such as the Swiss franc, yen, and euro, as well as gold. The yellow metal recorded a new all-time peak, and the franc notched a fresh decade high. Investors dumped Wall Street stocks overnight, as a powerful relief rally on Wednesday - when President Donald Trump abruptly paused higher tariff rates on dozens of trading partners - reversed course in a frene...

February 14, 2025 10:11 PM

India’s forex reserves rise for third consecutive week, reach $638.26 billion

India's foreign exchange reserves continued their upward trend for the third consecutive week, reversing a months-long decline, according to data released by the Reserve Bank of India (RBI) on Friday. For the week ending February 7, the country’s forex reserves rose by $7.65 billion to $638.261 billion. This recovery follows a sharp slump that saw reserves fall in 15 of the previous 16 weeks, reaching an 11-month low. India’s reserves had been steadily declining since hitting an all-time h...

January 13, 2025 11:05 AM

Nifty, Sensex slide nearly 0.9% in early trade; experts predict easing pessimism after January 15

Indian stock markets opened in the red on Monday, with the Nifty 50 and BSE Sensex extending their downward trajectory amid a bearish global outlook. The Nifty 50 index dropped over 1% or 236.10 points to start at 23,195.40, while the BSE Sensex fell by 749.01 points or 0.97%, opening at 76,629.90. This sharp decline reflects persistent pressure on global equities, fueled by a strengthening US Dollar, rising global bond yields, and uncertainty surrounding potential policy changes under Trump 2....

September 16, 2024 4:03 PM

India’s economic stride strengthening rupee’s internationalisation in new global landscape

As the global economic landscape undergoes significant transformations, India's rupee is steadily gaining international prominence. This shift comes amid growing efforts to reduce the dominance of the US dollar in global finance, particularly among BRICS nations. The rise of the rupee on the international stage is evident in recent developments. Commerce Secretary Sunil Barthwal revealed on Wednesday that rupee-rouble trade has seen a substantial increase, with 53 accounts now open for such tra...