Rupee

The rupee closed 0.37 per cent lower at 94.04 against the dollar as rising US Treasury yields weighed on the currency, while government bond yields hardened ahead of the weekly auction

It is the stable rupee, not the blue wave in the US

The rupee fell 6 paise to 93.77 against the US dollar in early trade on Thursday, weighed down by the strengthening of the American currency. Forex traders said the latest inflation and employment figures in the US have boosted Treasury yields and the greenback. However, falling crude oil prices, alongside strong domestic equity markets and foreign inflows, could help support the rupee. In the interbank foreign exchange market, the rupee opened at around 93.73, then touched 93.77, down 6 paise from its previous closing level. On Wednesday, the rupee gained 6 paise to close at 93.71 against the US dollar. "The rupee's underlying momentum remains positive, backed by a steady return of foreign capital and softer crude prices. If these supportive factors continue, USD/INR could extend its decline towards 93.50, with 93.00 emerging as the next important level to watch. However, any further strengthening in the dollar index could put renewed pressure on the rupee, pushing USD/INR toward

The rupee appreciated 24 paise to 93.74 against the US dollar in early trade on Monday, supported by lower crude prices, improving foreign flows and hopes of de-escalation in the Middle East. Forex traders said the overall outlook for the rupee remains positive as any progress towards peace in the Middle East reduces the risk premium in crude oil and provides further support to the rupee. Over the weekend, encouraging news came from the Middle East, as President Donald Trump indicated that fresh military strikes against Iran are highly unlikely if negotiations make progress and both sides reach a strong agreement. In the interbank foreign exchange market, the rupee opened at around 93.85, then gained ground to touch 93.74, up 24 paise from its previous session's closing level. On Friday, the rupee surged 43 paise to close at 93.98 against the US dollar. "The improvement in diplomatic expectations is already reflecting in energy prices. Brent crude, which had climbed to around USD

The domestic currency opened at 94.50 against the dollar, depreciating 9 paise from its previous close of 94.41 but later recovered to touch 94.06, as per Bloomberg data.

The rupee depreciated 9 paise to 94.50 against the US dollar in early trade on Friday as the broad strength of the American currency in the overseas market dented investor sentiment. Forex traders said overnight gains in crude oil prices and a recovery in the US dollar weighed on the domestic unit. At the interbank foreign exchange market the rupee opened at 94.50 against the US dollar, registering a fall of 9 paise from its previous close. However, during initial trade, it recovered slightly to touch a high of 94.36 against the US dollar. On Thursday, the rupee had settled at 94.41 against the American currency. The Bank of England kept policy rates unchanged while US weekly unemployment claims were better than forecasts, said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. "We expect the Rupee to trade with a positive bias on strength in domestic markets and fresh FII inflows," Choudhary said, adding that tensions between Ukraine and Russia and attacks in the Middle Ea

The rupee depreciated 9 paise to 94.55 against the US dollar in early trade on Thursday pressured by the broad strength of the American currency in the overseas market. Forex traders said a positive domestic market and softening of crude oil prices cushioned the downside. At the interbank foreign exchange market, the rupee opened at 94.36, then fell to 94.55 against the US dollar, registering a fall of 9 paise from its previous close. On Wednesday, the rupee stayed firm for the second straight session to settle 29 paise higher at 94.46 against the US dollar. "Forward-looking markets are aggressively erasing the geopolitical risk premium built up from the US-Israel conflict with Iran, as a Democratic-controlled Congress is expected to severely constrain funding for military escalation and push for near-term diplomatic negotiations," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenbac

The median forecast of 37 strategists polled between November 2 ​and 4 was for the rupee, currently trading near 94.70 per dollar, to weaken to 96.00 by end-January ‌and 96.33 by end-April

Buying of forward dollars, or commitments by companies to acquire the US currency at a later date, fell 35% in October from a record high the previous month to $49.5 billion

The rupee strengthened by 14 paise to 94.61 against the US dollar in early trade on Wednesday, supported by receding crude oil prices, a weaker US dollar and inflows of foreign funds. Buying momentum in the domestic equities market also favoured the Indian currency even as investors awaited the outcome of the US midterm elections, according to forex traders. In the interbank foreign exchange market, the rupee opened at 94.61 and went up to 94.50 before paring some gains to trade at 94.61 against the greenback, up 14 paise from its previous session's closing level. The Indian currency rose 9 paise to close at 94.75 against the US dollar on Tuesday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.17, lower by 0.54 per cent. Also, US Treasury yields declined amid expectations of a favourable outcome for the Democratic Party in the midterm elections. Brent crude, the global oil benchmark, was trading lower by 0.

The rupee appreciated for the third consecutive session, supported by foreign fund inflows into domestic equities, but a rebound in crude oil prices and geopolitical tensions capped gains

The rupee appreciated 12 paise to 94.72 against the US dollar in early trade on Tuesday, buoyed by sliding crude oil prices and inflows of foreign funds into domestic equities. However, a strong US dollar ahead of the crucial midterm election in the US kept investors worldwide cautious, capping gains in the Indian currency, according to forex traders. At the interbank foreign exchange market, the rupee opened at 94.68 and strengthened to 94.60 before trading at 94.72 against the greenback, registering a gain of 12 paise from its previous close. The Indian currency fell 8 paise to close at 94.84 against the US dollar on Monday, after appreciating 50 paise in the preceding session on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 101.65, up 0.03 per cent. Brent crude, the global oil benchmark, was trading lower by 0.01 per cent at USD 104.76 per barrel in futures trade. Analysts attributed the easing of crude

Dollar demand around the RBI's reference rate and likely overseas debt repayment outflows weighed on the rupee, while central bank intervention helped limit losses, traders said

The rupee traded in a narrow range and edged up by just 4 paise to 95.03 against US dollar in early trade on Wednesday amid elevated crude oil prices and strong dollar. Forex traders said rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength and Brent crude prices hovering near USD 115 per barrel. At the interbank foreign exchange market, the rupee recorded marginal gains and touched 95.03, registering a rise of 4 paise over its previous close. On Tuesday, the rupee closed at 95.07 against the American currency. "We expect the rupee to trade with a slight negative bias on positive dollar and weak Asian currencies. Crude oil prices remain elevated which may also keep rupee under pressure," said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan. Any intervention by the RBI may support the rupee at lower levels. Investors will watch out for the FOMC decision. "Fed is expected to keep rates unchanged but markets will watch out for F

The rupee has lost about 6% of ‌its value so far in 2026, making it the second-worst performing currency in Asia, and hit a record low of 96.96 in May

The rupee remained volatile and depreciated 7 paise to 95.22 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices, geopolitical uncertainty, and a stronger greenback ahead of the US Federal Reserve's policy decision. Forex traders said the Indian currency showed some recovery on likely intervention by the Reserve Bank of India (RBI), but failed to withstand pressure from foreign fund outflows amid subdued domestic equity market sentiment. At the interbank foreign exchange market, the rupee opened at 95.17 and pared some losses to touch 95.11 but soon lost ground to trade at 95.22 against the greenback, lower by 7 paise from its previous close. On Monday, the rupee depreciated for the third consecutive day and settled 22 paise lower at 95.15 against the US dollar. In the last three sessions, the rupee has lost 77 paise against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, w

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Elevated oil prices, AI-driven capital flows and weak foreign inflows pressure the rupee and bond yields, while smaller NBFCs face tighter funding, experts at the summit say

The rupee traded in a narrow range and fell 5 paise to 94.98 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices and geopolitical tensions in the Middle East. Forex traders said the rupee opened on a negative note on risk aversion in global markets amid escalation of tensions in the Middle East. However, softness in the US Dollar and US treasury yields cushioned the downside. At the interbank foreign exchange market, the rupee opened at 94.92, then lost ground to touch 94.98, lower by 5 paise over its previous close. On Friday, the rupee depreciated for the second consecutive day and fell 12 paise to close at 94.93 against the US dollar. The Indian rupee opened slightly lower on elevated crude oil prices and geopolitical tensions in the Middle East. However, softness in the US Dollar and US treasury yields cushioned the downside," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. "We expect the rupee to trade with a slight negative

There is wisdom from history in managing the rupee