The dollar index regains momentum from a one-week low on Tuesday on safe haven demand amid stalled US-Iran peace talks. US President Donald Trump is reportedly dissatisfied with Irans latest proposal to resolve the conflict. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.52, at the time of writing. Meanwhile, the Federal Reserve is widely expected to hold rates steady at Wednesdays April meeting, which could be Jerome Powells final one as chair. Among basket currencies, EUR/USD and GBP/USD are both trading lower by around 0.2%, in tune with DXY gains at $1.1718 and $1.3507 respectively.
Dollar index regains momentum from one-week low
April 28, 2026 · 1:04 pm IST
Source: Business Standard
📌
Key Takeaways
- Among basket currencies, EUR/USD and GBP/USD are both trading lower by around 0.2%, in tune with DXY gains at $1.1718 and $1.3507 respectively.
- The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.52, at the time of writing.
📊
IPO Market Today
Open for Subscription 1
Amba Auto Sales
SME
₹130–₹135
· Closes Apr 29
GMP: —
Sub: 0.44x
Full Report
Originally reported by Business Standard.
💡
IPO Cracker Take
Monetary policy shifts ripple into IPO valuations through discount rates and liquidity. Use our IPO evaluation framework to factor rate changes into any upcoming issue.
❓
Frequently Asked Questions
Higher rates increase the discount rate used in DCF valuations, typically compressing IPO valuations. Banking and NBFC IPOs benefit from rate cycles in different ways than tech or consumer.
Broader rate outlook matters, but each IPO should still be evaluated on its own financials. Our IPO evaluation framework walks through the key metrics.
Banking, NBFC, housing finance, and real estate are the most rate-sensitive. Consumer staples and utilities are relatively insulated.
Explore More
Quick links to all IPO sections
Open IPO
Live now
Upcoming IPO
Coming soon
IPO Calendar
Dates & schedule
Closed IPO
Allotment pending
Listed IPO
Listing gains
IPO GMP
Grey market premium
Subscription
Live bidding data
Allotment
Check status
SME IPO
Small & medium
Mainboard IPO
Large cap
Performance
Listing returns
Market News
Latest updates
Learn
IPO guides
0 Comments
No comments yet. Be the first to share your opinion!