Indian Rupee
Rupee hits all-time low of 84.60 vs USD on economic growth worries
The Indian rupee plunged to an all-time low on Monday amid concerns over slowing economic growth and regional currency declines. The Reserve Bank of India¡¯s likely intervention helped prevent further losses. Persistent outflows from domestic equities and a stronger dollar continued to weigh on the rupee, as foreign investors sold off local stocks.
Indian Rupee ends stronger vs US dollar amid selling pressure
The rupee touched an intraday record low of 84.507 to a dollar, but ended stronger at 84.445/$1, despite the US dollar index strengthening to a two-year high, as the Reserve Bank of India (RBI) likely sold the greenback to cap further depreciation in the currency, traders said.
Rupee on the edge: Implications for the Indian economy and markets
A weaker rupee due to global factors and domestic economic conditions can have both positive and negative effects on India. While it benefits exporters, it increases the cost of imports, fuels inflation, and negatively impacts companies with foreign debt. The RBI's intervention plays a crucial role in managing currency volatility.
Rupee trades flat on Friday at 84.48 vs US Dollar, but logs worst performance since March, down 0.5%
The Indian rupee closed at 84.48 per US dollar, flat from its previous close as foreign portfolio investors continued to sell from local stocks and bonds. Likely intervention by the Reserve Bank of India capped excess depreciation in the rupee, traders said.
Rupee pinned near record low but supported by likely cenbank intervention
The Indian rupee remains flat near its all-time low due to foreign portfolio outflows. The Reserve Bank of India's interventions have limited the currency's losses. Foreign investors sold $1.4 billion of local stocks on Thursday. The rupee has weakened by 0.5% in November but outperformed most Asian peers which declined by as much as 2%.
Rupee flat, wedged between month-end dollar bids and likely RBI intervention
The Indian rupee held steady against the US dollar. RBI intervention likely supported the currency. Importers and foreign banks sought dollars. The rupee traded near the 84.50 level. Asian currencies saw mixed performance. The US dollar index recovered slightly. Forward premiums for dollar-rupee rose. US bond yields declined. The RBI is expected to hold interest rates next week.
Indian rupee hits all-time low of 84.71/$ on weak GDP data, Trump tariff threat
The Indian rupee touched a new all-time low of 84.6950 against the US greenback on Monday, in one of the sharpest falls in recent months, following US president-elect Donald Trump's threat to impose a 100% tariff on the BRICS countries, in which India is a part, if they try to create an alternative to dollar.
Rupee closes stronger, RBI intervention blunts impact of surging dollar
Analysts reckon that the President-elect's policies could reignite inflation in the U.S. and temper future rate cuts by the Federal Reserve
Rupee trades in narrow range against US dollar in early trade
The Indian rupee opened relatively flat against the US dollar despite support from positive domestic equities. Geopolitical concerns, strong US dollar performance, and continued foreign portfolio outflows weighed on the rupee. The rupee reached an all-time low on Thursday due to the strengthening US dollar and high US yields.
RBI, Maldives Monetary Authority sign pact to promote use of local currencies
The Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian Rupee and the Maldivian Rufiyaa. This framework aims to reduce transaction costs, promote bilateral trade, and strengthen economic ties between the two nations.
Indian rupee drops to all-time low on bullish dollar outlook
The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks.
RBI defends currency strategy, says interventions aim to shield economy from global risks
The Reserve Bank of India (RBI) defended its management of the rupee, stating its interventions in the foreign exchange market are necessary to maintain stability amidst global economic uncertainty. The RBI emphasized that the rupee's value is determined by market forces and the country's strong economic fundamentals, ensuring its position as one of the least volatile currencies globally.
Rupee weakens to record low pressured by foreign portfolio outflows
The Indian rupee plummeted to a historic low against the US dollar due to a mass exodus of foreign investments from the Indian stock market. This decline was fueled by a steep drop in Adani group shares following allegations of a bribery scheme and uncertainty surrounding the Federal Reserve's interest rate policy.
Rupee declines to record low, RBI intervention helps limit losses
The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI's interventions aim to curb volatility while allowing gradual depreciation.
Rupee slips to record closing low but fares better than Asian peers
The Indian rupee hit a record low against a surging U.S. dollar but outperformed other Asian currencies due to state bank intervention. The dollar's strength follows Trump's election victory, which is expected to impact U.S. economic policies.
Rupee ends nearly flat, state-run banks' dollar sales offset outflows
The Indian rupee closed nearly unchanged on Wednesday, as dollar sales by state-run banks helped the currency withstand pressure from equity outflows and persistent strength in the U.S. dollar.
Rupee falls to fresh low of 84.41 against US dollar
A likely intervention from the central bank prevented a sharp fall, traders said, even as the dollar has been strengthening against all other currencies since the beginning of this month, notably after Donald Trump won the US elections, prompting global concerns about a steeper tariff structure will stoke inflation in the world's largest economy and prevent further rate reductions by the Federal Reserve.
Rupee slips to record low as Asia FX declines; RBI likely steps in
The Indian rupee hit a new low against the US dollar, driven down by concerns about the impact of Trump's election victory and foreign investor withdrawals from Indian stocks. The Reserve Bank of India intervened in the market to support the rupee, leading to a decline in India's foreign exchange reserves.
Rupee hits intraday low of 84.38 vs US dollar, logs worst weekly fall since May
The Indian rupee hit a record low of 84.38 per dollar intraday on Friday but closed at 84.375, largely unchanged, due to RBI intervention. It fell 0.66% during the week, impacted by rising US dollar strength following Trump¡¯s election win.
Rupee weakens to record low, logs worst week in five months
The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election.
Indian rupee dips to lifetime low on dollar bids by foreign banks
The Indian rupee fell to an all-time low of 84.0725 against the U.S. dollar, driven by strong dollar demand from foreign banks and regional currency weakness amid disappointment over China's economic stimulus efforts.
Rupee may have weakened, but fared better than Asian peers
Despite a 26-paise fall, the Indian rupee remains the strongest among emerging Asian currencies, depreciating only 0.65% since October. Other currencies like the ruble, baht, won, and yuan weakened significantly amid global economic turmoil.
Rupee hits record low on equity outflows, strong dollar outlook
The Indian rupee fell to its weakest level on record on Thursday, hurt by outflows from local equities and on expectations that Donald Trump's victory in the U.S. presidential race may boost the dollar going forward.
Rupee hits record low amid decline in Asian peers on US election updates
The Indian rupee plummeted to a record low against the U.S. dollar on Wednesday, as early U.S. election results spurred a dollar rally and weighed on Asian currencies. The rupee slid to 84.1725 per dollar, while the dollar index surged to a four-month high. Early projections showed Trump leading the presidential race, fueling 'Trump trades' and pushing U.S.
Piyush Goyal says time for Indian rupee to appreciate
Commerce Minister Piyush Goyal announced on Monday that the Indian rupee should appreciate due to strong inflows in debt and equity markets, noting the country's foreign exchange reserves have surpassed $700 billion for the first time. India now ranks fourth globally in foreign exchange reserves, following China, Japan, and Switzerland.
Rupee holds ground on cenbank intervention as US election uncertainty looms
Foreign banks were spotted bidding for dollars, likely on behalf of custodial clients, while dollar offers from state-run banks kept a lid on the rupee's losses, traders said
Rupee plunges to 84.11/$ as risk aversion rises ahead of US polls
The rupee depreciated 4 paisa, to close at 84.11/$1, versus its previous close of 84.07 per dollar, LSEG data showed. Likely interventions by the Reserve Bank of India (RBI) helped prevent a sharper decline. However, the RBI was not very aggressive in its dollar sales on Monday, traders said.
Rupee slips to record low, pressured by slide in local equities
The Indian rupee hit an all-time low of 84.1050 against the dollar on Monday due to persistent outflows from local stocks. The BSE Sensex and Nifty 50 indexes fell over 1.5% amid possible overseas investor selling and caution before the U.S. presidential election outcome. Asian currencies were mainly higher, while the dollar index dipped.
India's forex reserves fall by $3.5 bn
The Reserve Bank of India's foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank's dollar sales to prevent rupee depreciation. Foreign currency assets fell significantly while gold reserves saw a rise. Outflows from Indian stocks and bonds added pressure on the rupee.
RBI helps rupee outperform peers in month marred by US election anxiety
The Indian rupee stayed stable due to central bank interventions despite pressure from rising odds of Trump winning the U.S. elections. Asian currencies saw fluctuations, but the rupee's volatility remained low. The RBI's actions countered significant foreign equity outflows, maintaining the rupee's value. Exporters are advised to wait, and importers should hedge on dips.
Rupee caught between importer demand, cenbank help; US election eyed
The Indian rupee ended largely unchanged on Wednesday, after falling to a record low on importers' dollar demand and outflows from local equities in the run-up to the U.S. presidential election, while the central bank's intervention helped contain the fall.
Rupee drops to all-time low on Asia FX volatility, outflows
The Indian rupee declined to a lifetime low at 84.0900 to the U.S. dollar, influenced by concerns over U.S. elections and foreign outflows. Despite regular RBI intervention, the rupee remains down 0.34% this month. Investors have withdrawn over $10 billion from Indian equities, leading to a 5.3% drop in the Nifty 50 Index month-to-date.
Rupee little changed; cenbank intervention expectations mask weak Asia FX
The Reserve Bank of India (RBI) has been intervening regularly to support the rupee, which has meant that the unit's decline has been measured.The muted price action in the spot market reveals the extent of the RBI's control on the currency - for the last eight sessions, the rupee's intraday trading range has been under three paisa
Whether Trump wins or Harris, India will face a number of tariff walls: Swaminathan Aiyar
Swaminathan Aiyar examines how a Trump victory might bring heavy tariffs and protectionism, impacting global trade and India. Regardless of who wins, the protectionist mood in the US could erect tariff walls against India. Despite this, the global and US economies have shown resilience, with both the dollar and rupee expected to perform well in 2025.
Rupee inches to all-time low amid rising US yields
The rupee dropped to an all-time low of 84.0850 to the dollar, slipping past the 84.0825 low it hit last week. Most Asian currencies were weaker on the day in the wake of a further rise in U.S. yields.
Rupee ends flat on day, week; cenbank interventions cap pressure
Benchmark Indian equity indexes, the BSE Sensex and Nifty 50 declined nearly 1% each on Friday to log their fourth consecutive weekly decline amid sustained pressure due to the exodus of foreign money from local equities.
Rupee slips to record closing low but fares better than regional peers
The rupee ended at 84.08 against the U.S. dollar, its weakest closing level on record, and marginally lower than its closing level of 84.0775 in the previous session.
Rupee slips to all-time low on weak Asia FX, likely outflows
Asian currencies were down between 0.1% to 0.4% while the dollar index was at 103.9, hovering close to its highest level in two months.
Indian rupee appreciates to 84.03 vs US dollar as crude prices fall
The Indian rupee mildly appreciated on Tuesday, and closed at 84.03 against the US dollar, as falling crude oil prices balanced out some pressure from the local currency due to portfolio outflows from Indian stocks and bonds. The Reserve Bank of India was also likely present, and did not allow the rupee to go past the 84.08/$1 mark, dealers said.
Rupee closes at record low of 84.0725 against US dollar on outflows, strong dollar index
The Indian rupee hit a record low of 84.0725 against the US dollar, driven by outflows from local equities and debt, and Hyundai's fund repatriation. The Reserve Bank of India's likely intervention helped limit further losses, while fluctuations in the dollar index ahead of US elections also influenced the rupee's performance.
Rupee slips to record low, cenbank intervention thwarts sharp fall
While Asian currencies rose on Friday, the rupee was unable to benefit from the positive cue in face of dollar bids from foreign banks and local oil companies, traders said.
Rupee ends at record closing low, pressured by outflows, weak Asia FX
The rupee closed at 84.0675 against the dollar, down about 0.1% from its closing level of 83.9950 in the previous session. The currency is just shy of its all-time low of 84.0750 hit on Monday.
Rupee ends a tad stronger, aided by broad based interbank dollar sales
Dollar demand from foreign banks, likely on behalf of custodial clients, blunted the positive effects of lower oil prices and gain in most of the rupee's Asian peers, traders said.
Wagers on stronger Indian rupee grow on dovish Fed outlook, yuan rally
The rupee, alongside its Asian peers, is benefiting from a "very risk-positive set up" following the Federal Reserve's jumbo rate cut and stimulus measures by China, Brad Bechtel, global head of foreign exchange at Jefferies, said.
Rupee ends flat after lingering in narrow band; US inflation data on tap
Dollar-rupee forward premiums have declined as a result of bets on shallower Fed rate cuts alongside the RBI changing its policy stance to "neutral," on Wednesday
Indian rupee steady at 83.962 vs US Dollar as RBI intervention prevents decline
The Indian rupee remained steady at 83.962 per US dollar on Tuesday due to likely Reserve Bank of India interventions, despite pressures from rising dollar index, oil prices, and local equity outflows. Risks of breaching the 84/$1 mark are high amid ongoing economic pressures.
Rupee finds breathing room as oil prices fall; RBI decision awaited
The Indian rupee slightly rose as oil prices declined and regional peers gained, ahead of the Reserve Bank of India's monetary policy decision. Despite hovering near its record low, RBI interventions helped stabilize it. Traders focused on the expected unchanged policy rates but speculated on a possible shift in stance to neutral.
Rupee ends flat as RBI support helps counter global pressures
The Indian rupee remained mostly stable against the U.S. dollar due to the Reserve Bank of India's interventions, despite negative influences such as rising U.S. bond yields, high oil prices, and equity outflows.
Likely RBI intervention keeps rupee steady above the 84/$1 mark
The Indian rupee traded almost flat on 7th October to end at 83.97 per US dollar even as the dollar index strengthened, as likely intervention from the Reserve Bank of India kept the local currency from crossing its psychologically significant 84/$1 mark, traders said.
The Chinese Yuan¡¯s Appreciation: Implications for the Indian rupee
The yuan¡¯s recent rally can largely be attributed to the softening of the US dollar. The dollar's slide was sparked by several factors, including the Bank of Japan¡¯s (BOJ) unexpected rate hike, which led to an unwinding of short positions against the yen and triggered a broader sell-off of the dollar.
Rupee faces worst weekly drop since May, ends at 83.97 per dollar
Indian rupee logged its worst weekly decline since May to end at 83.97 per US dollar, LSEG data showed, as outflows in equities and a rise in crude oil prices put pressure on the local currency.
Rupee logs worst week since May, hurt by equity outflows, Middle East risk
The Indian rupee remained nearly stable at 83.9725 against the U.S. dollar, ending a week of significant equity outflows and rising crude oil prices fueled by Middle East tensions.
Rupee logs worst day in 2 months as weak Asia FX, firmer oil prices weigh
The domestic currency fell to an intraday low of 83.97 during the session, just shy of its record low of 83.9850, hit last month.
Indian rupee strengthens to 83.59 per US dollar amid corporate sales
The Indian rupee strengthened to 83.59 per US Dollar due to sales of the greenback from local corporates and inflows in local stocks and bonds. These flows are seen after the US Federal Reserve cut interest rates last week, and in speculation of another rate cut by the US in November, currency dealers said.
Rupee ends little changed, exporter dollar sales help counter dip in Asia FX
The Indian rupee closed little changed on Tuesday as exporters' dollar sales helped offset the decline in Asian currencies, which were pressured by tempered hopes of another hefty interest rate cut by the U.S. Federal Reserve.
Forex reserves rise $2.8 billion to a new high of $692.3 billion
The Reserve Bank of India's foreign exchange reserves reached a new high of $692.3 billion in the week ending September 20, driven by a $2 billion surge in foreign currency assets. Foreign investors contributed $10.9 billion to Indian stocks and bonds this month, marking the highest monthly inflow this year.
Rupee ends weaker; Fed policy path, yuan price action in focus
Traders pointed to strong dollar demand from local importers, paring of speculative longs, and likely absorption of dollar inflows by the Reserve Bank of India as factors that have kept a lid on the currency's gains
Rupee ends lower despite rise in most Asian peers; Powell's remarks in focus
Importers' dollar-buying, related to month-end payments, along with the unwinding of some interbank long positions kept the rupee on the backfoot despite gains in its Asian peers, traders said.
Rupee ends higher; uptick in Asia FX, state-run banks' dollar sales help
?The yuan rose above 7 per dollar for the first time since May 2023, lifted by investor optimism a day after broad policy easing measures were announced to shore up the country's flailing economy.
Rupee rises 10 paise to 83.53 against US dollar in early trade
The rupee appreciated by 10 paise to 83.53 against the US dollar in early trade on Wednesday due to overall dollar weakness. The US consumer confidence dropped significantly, affecting the dollar. The Reserve Bank of India's active intervention keeps the rupee steady. The Asian Development Bank retained India's growth forecast at 7% for the current fiscal year.
Rupee ends weaker as outflows, importer bids halt six-day winning run
?The pressure snapped the currency's six-day winning streak which had lifted the currency by about 0.5%. On Monday, the rupee had touched an intraday high of 83.4350, its best level in nearly three months.
Rupee sees range-bound trade in morning session
The Indian rupee traded within a narrow range on Tuesday, depreciating by 3 paise to 83.57 against the US dollar amid muted domestic equities and rising crude oil prices. Forex traders noted the Reserve Bank of India's active intervention. The dollar index rose slightly, while Brent crude prices increased in futures trade.
Indian rupee strengthens above 83.50/USD for first time in over two months
The rupee was at 83.4850 against the U.S. dollar as of 12 noon IST, its strongest level since July 9. The currency was up 0.2% on the day and on course to post its best single day since May 2024.
Rupee logs best week this year, aided by Fed cut, portfolio inflows
Overseas investors have net bought more than $7 billion of Indian debt and equities so far in September, the highest monthly inflow since December 2023
Shaktikanta Das using a China-like $700 billion coffer to help Modi's ambitions and safeguard the economy
India's central bank chief Shaktikanta Das has managed to control rupee volatility while allowing it to weaken, supporting Prime Minister Narendra Modi's export goals. The Reserve Bank of India's foreign-exchange reserves have grown significantly, helping attract foreign investment and improve the current account deficit. This strategy has drawn some criticism but also showcases India's economic strength.
Rupee likely to extend winning run on upbeat risk, Fed outlook
The 1-month non-deliverable forward indicated the rupee will open at 83.60-83.62 to the U.S. dollar compared with 83.68 in the previous session. The rupee is on a four-day winning streak and is headed for its best weekly performance in at least four months.
Rupee rises to 2 month peak boosted by yuan rally, likely inflows
The Indian rupee reached a two-month high, driven by portfolio inflows and a rally in the Chinese yuan following the Federal Reserve's interest rate cut. The rupee closed at 83.68 against the U.S. dollar, with India's equity indices also seeing gains.
Rupee climbs to highest in over a month with Fed rate cut in sight
The rupee closed at 83.75 against the U.S. dollar, up 0.1% from its close at 83.8875 on Monday. The currency touched a peak of 83.71 during the session, its highest since August 1.
Rupee ends flat; forward premiums climb on Fed rate cut hopes
The currency was unable to benefit from weakness in the greenback in the face of dollar demand from importers, including local oil companies, traders said.
Rupee, forward premiums lifted by improved odds of deeper Fed rate cut
The Indian rupee rose by 0.05% to 83.9250 on Friday, supported by hopes of a significant rate cut by the Federal Reserve next week. This development also boosted most Asian currencies and dollar-rupee forward premiums. Traders expect the rupee to remain rangebound due to continued demand for dollars from importers.
Rupee sees range-bound trade in morning session
The Indian rupee appreciated by 2 paise to 83.97 against the US dollar on Thursday, supported by positive domestic equities and foreign fund inflows. The Reserve Bank of India's active intervention has kept the rupee within a well-defined range. Forex traders expect the rupee to trade between 83.80 and 84.05 in the near term.
Rupee hits record low of 83.9825 against dollar amid US job data impact
The rupee closed at a record low of 83.9825 versus the US dollar as weaker job openings data in the world¡¯s largest economy led to risk aversion, although the Reserve Bank likely intervened in the market protecting the psychologically significant 84.00/$1 mark, traders said.
Indian rupee strengthens amid weaker dollar, falling crude oil prices
The Indian rupee strengthened versus the US dollar, closing at 83.87/$1on Monday, due to a weaker dollar index and a fall in crude oil prices which softens India's inflation and trade deficit.
Global stock sell-off pushes Indian rupee to record low
The Indian rupee fell to a record low of 83.75 against the U.S. dollar amid a global equity sell-off and geopolitical tensions. Weak U.S. factory data and local equities' downturn contributed to the decline, while RBI interventions mitigated further drops.
Indian rupee strengthens marginally to 83.717 per US dollar
The Indian rupee strengthened marginally and closed at 83.717 on Thursday versus the US dollar as the dollar index strengthened, but a likely intervention from the Reserve Bank capped weakness in the currency.
Rupee falls 8 paise to 83.95 against US dollar in early trade
The rupee fell by 8 paise to 83.95 against the US dollar due to elevated crude oil prices and a weak domestic equity market. Brent Crude remained above USD 80 per barrel amid geopolitical tensions. The Reserve Bank's active market interventions have bolstered India's forex reserves by nearly USD 5 billion, providing some stability.
Indian rupee weakens to hit record low hurt by weak Asia FX
The Indian rupee reached an all-time low, driven by a fall in Asian currencies and equity outflows. Traders indicated possible Reserve Bank of India intervention to prevent further declines. The rupee's previous low was 83.8450. Near-term pressures are anticipated for the currency due to unwinding carry trades and equity outflows.
Indian state-run firms set to issue long term bonds to meet investor demand
At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.
Rupee falls 7 paise to 83.84 against US dollar in early trade
The Indian rupee fell by 7 paise to 83.84 against the US dollar driven by weak equity markets and foreign capital outflows. Factors like a weaker dollar and lower crude prices offered some relief. The rupee had previously closed at 83.77, gaining 10 paise amid market fluctuations.
Rupee turns flat at 83.87 against US dollar in early trade
The Indian rupee stabilized at 83.87 against the US dollar after initial gains, influenced by strong domestic equity markets and a weak dollar, offset by foreign capital outflows. Declining crude oil prices provided support. Investors were cautious ahead of US PMI data and Federal Reserve Chair Jerome Powell's speech for hints on rate cuts.
Indian rupee gains 3.5 paise on Tuesday
The 10-year benchmark government bond also traded flat, with yields closing at 6.98% on Tuesday, up just one basis point from the last close. Yields have been touching a low of 6.95% to 6.96% in the middle of the day, but again rise as the day progresses.
Indian rupee hits record low against US dollar amid global economic concerns
The Indian rupee hit a record low against the US dollar as Asian currencies declined due to risk aversion before the US consumer price inflation data release. Rising crude oil prices and concerns about the US economy's slowdown added pressure on the rupee, contributing to its weakening position.
Indian rupee weakens amid global dollar strength and investor caution
The Indian rupee weakened against the dollar as the greenback strengthened globally due to investors¡¯ risk aversion after an assassination attempt on former US president Donand Trump and as weakness in the Chinese yuan weighed on Asian currencies, dealers said.
A new red line for rupee is forming as pressure mounts
The Indian rupee has recently hit record lows but did not breach key levels due to potential Reserve Bank of India interventions. The rupee's stability was emphasized by RBI Governor Shaktikanta Das, along with a record high of $675 billion in foreign reserves. Further interventions are expected if the currency nears the 84 mark per dollar.
Supreme Court rules on forex conversion date to hasten arbitral awards
The Supreme Court ruled that the date for determining the conversion rate of foreign arbitral awards into Indian rupees is when the award becomes enforceable. This decision arose from a dispute involving DLF Ltd and Koncar Generators and Motors, concerning an International Chamber of Commerce award. The ruling clarifies enforcement and currency conversion uncertainties.
Rupee slips to record low as pressure from carry trade unwind lingers
This decline was influenced by the unwinding of carry trades and high local dollar demand. Central bank interventions helped limit the currency's losses, with the rupee expected to remain under pressure.
Rupee ends nearly flat, RBI intervention helps cap losses
Asian currencies were mostly higher on the day but the offshore Chinese yuan fell 0.3% to 7.24. The RBI likely sold dollars, via state-run banks, to support the rupee, traders said.
Rupee ends flat after slipping to record low, logs worst monthly decline in four
The Indian rupee reached a record low of 83.72 against the U.S. dollar, driven by equity outflows, volatility in the yuan, and strong dollar demand.
Rupee ends at record low, traders expect gradual depreciation to persist
The Indian rupee declined to a record low at 83.7250 against the USD, pressured by dollar demand from oil companies, custodial banks, and weak risk sentiment.
Rupee declines to all-time low amid outflows, tepid risk
The Indian rupee reached a historic low of 83.7250 against the U.S. dollar on Friday. This decline was driven by weak risk appetite, dollar demand from oil companies, and outflows from domestic equities. The Chinese yuan's volatility also contributed to this drop, heightening concerns over carry trades between the two currencies.
Rupee nudges higher tracking Asian peers; India budget awaited
The Indian rupee rose to 83.6250 against the USD, mirroring gains in Asian currencies like the Korean won. Focus is on Modi's budget at 11:00 a.m., targeting a 5.1% fiscal deficit. The rupee hit a record low due to local importers' dollar demand. The dollar index is at 104.2, forward premiums 1.74%. Pabari expects stabilization within 83.40-83.70 range.
Rupee ends little changed after touching record low; budget in focus
The Indian rupee closed nearly unchanged against the U.S. dollar, hitting an all-time low earlier in the session. Despite healthy portfolio inflows, the currency remains under pressure.
Rupee falls 4 paise to 83.55 against US dollar in early trade
Rupee fell 4 paise to 83.55 against the US dollar due to strong American currency and high crude prices. Forex traders and RBI measures, including foreign fund inflows and high FX reserves, partially restrained the fall. Brent crude at $85.14, dollar index 104.21, weak US CPI data, inflows, and record-high FX reserves noted.
Rupee falls though Asian peers gain; forward premiums tick up
Indian rupee weakens on Federal Reserve rate cut expectations. RBI intervention counters pressure from weak national election results and foreign equity outflows.
Rupee ends weaker, pressured by state-run banks' dollar bids; eye on US inflation
The rupee ended at 83.56 vs. the U.S. dollar, pressured by state-run banks and Asian peers like the won rising.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
Traders said the Reserve Bank of India (RBI) likely stepped in to limit the rupee's decline. State-run banks were spotted offering dollars near 83.50 levels, likely on behalf of the RBI. The sales were intended to plug likely outflows instead of pushing the dollar-rupee pair lower, a foreign exchange trader at a large private bank said.
Indian rupee, bonds expected to rally after exit polls signal Modi victory
The Indian rupee and government bonds are likely to strengthen following exit polls favoring Prime Minister Narendra Modi's National Democratic Alliance, potentially boosting market sentiment.
Rupee ends flat, tracking rangebound Asian peers; Powell's testimony in focus
Indian rupee hovers near flat against US dollar as investors eagerly await Federal Reserve Chair's comments on interest rates.
REC board approves raising foreign borrowing limit to USD 24 bn
State-owned REC Ltd on Friday said its board has approved raising the borrowing limit in foreign currency to USD 24 billion form USD 20 billion. The overall borrowing limit in Indian rupees was however retained at Rs 6 lakh crore, the company said in an exchange filing.
Rupee slips on importer dollar demand, forward premiums inch up
The dollar index slipped below the 104.5 mark, extending its losses from Monday, while most Asian currencies ticked up, with the Korean won up 0.4% and leading gains.
