Currency Market

The Indian rupee started the session flat at 95.02/$, down 17 points or 0.18 per cent compared with Wednesday's close of 94.85/$

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

The currency has given up much of the gains fueled by the central bank's recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month,

The rupee stayed on a downward track for the fifth straight day, losing 24 paise to 94.25 against the US dollar in early trade on Friday, weighed by volatile crude oil prices and an elevated US dollar, with prospects of West Asia peace talks turning hazier. Analysts said that despite a ceasefire in place between the United States and Iran, ship movement through the Strait of Hormuz remained uncertain after the US military on Thursday seized another Iranian oil tanker, intensifying the standoff and unsettling the fuel prices worldwide. President Donald Trump has also ordered the US military to "shoot and kill" small Iranian boats that deploy mines to choke traffic through the Strait of Hormuz. Unabated withdrawal of foreign funds from domestic stock markets also added to investors' worries, triggering a massive sell-off in equities and further dragging down the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the s

From West Asia tensions and RBI policy signals to AI in drug trials, fiscal risks, GDP debates and India-China strategy, today's BS Opinion offers a wide-ranging view of key economic and geopolitical

Currency weakens to 93.50 against dollar as RBI eases curbs on derivative trades, while oil prices and global factors continue to weigh on sentiment

Domestic currency strengthens for second straight session as RBI curbs dollar demand from oil firms; forex reserves rise on higher foreign currency assets

RBI faces a tough trade-off between defending Rupee and supporting growth, as oil shocks and global pressures make balancing exchange rate stability and domestic interest rates increasingly untenable

RBI has rolled out some of its toughest measures in more than a decade to curb speculation and support the currency, which has been setting successive record lows this year

RBI steps in as rupee nears 95/$. Banks now capped at $100 million FX exposure to curb speculation. Will this stabilise the rupee -- or tighten liquidity? Here's what it means

RBI has drawn a line in the sand on rupee volatility. With NOP caps, arbitrage unwinding, and possible FCNR moves - the central bank is stepping in decisively. But will it be enough>

The intervention underscores the RBI's shrinking flexibility, as foreign-exchange reserves have shrunk in the first three weeks of March amid efforts to defend the rupee following the Iran conflict

RBI's NOP cap may support the rupee via dollar unwinding, but rising crude oil prices and global risks could limit gains. USD-INR seen in 92.50-96 range.

The move follows the RBI's March 27 directive, issued after market hours, capping the open positions that banks can hold in the onshore currency market at $100 million at the end of each trading day

The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar

The domestic currency fell as much as 64 paise, or 0.69 per cent, to a record low of 93.28 against the US dollar on Friday, according to Bloomberg data

The Indian Rupee fell 32 paise, or 0.35 per cent, to 92.36 against the greenback, according to Bloomberg

HSBC outlines three Iran war scenarios that could drive oil above $100, affect stocks, bonds and currencies as global markets react to ongoing conflict

The domestic currency opened 55 paise weaker at 92.03 against the greenback, a day after closing at the 91.47 mark

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