SME Times is powered by   
Search News
Just in:   • PSBs disbursed Rs 82K cr retail loans in 9 days: Sitharaman  • J&K reorganization to promote inclusive growth: Naidu  • Credit crunch  • BSNL staff to get salary before Diwali: PurwarBSNL staff to get salary before Diwali: Purwar  • Sensex up 167 points, auto and banks gainSensex up 167 points, auto and banks gain 
Last updated: 19 Sep, 2019  

Dollar.9.Thmb.jpg US dollar rises after Fed cuts interest rates

Dollar.9.jpg
   Top Stories
» PSBs disbursed Rs 82K cr retail loans in 9 days: Sitharaman
» J&K reorganization to promote inclusive growth: Naidu
» All key reforms in last 5 yrs, claims FM
» Focus on demand rather than on deficits: Nobel laureate Banerjee
» GeM can become India's Amazon: Commerce Minister
SME Times News Bureau | 19 Sep, 2019
The US dollar rose after the Federal Reserve cut interest rates by a quarter of a percentage point.

In late New York trading on Wednesday, the euro decreased to $1.1031 from $1.1066 in the previous session, and the British pound fell to $1.2463 from $1.2502 in the previous session, Xinhua news agency reported.

The Australian dollar fell to $0.6824 from $0.6860.

The US dollar bought 108.35 Japanese yen, higher than 108.20 Japanese yen of the previous session. The US dollar was up to 0.9971 Swiss franc from 0.9936 Swiss franc, and it was up to 1.3295 Canadian dollars from 1.3251 Canadian dollars.

The Federal Open Market Committee, the Fed's rate-setting body, trimmed the target for the federal funds rate by 25 basis points to a range of 1.75 per cent to 2 per cent after concluding its two-day policy meeting, largely in line with market expectation.

The dollar index, which measures the greenback against six major peers, increased 0.31 per cent at 98.5730 in late trading.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 15 Oct, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Collateral free loans available for MSMEs: Minister(2)
» Credit off-take by banks slows to 8.8 pc: RBI data(1)
» Slowing economy needs a boost(1)
» BSE suspends Fairwealth Securities from cash equity segment(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter