Rupee-dollar Swap

The Reserve Bank of India (RBI) net sold USD 8.944 billion in the spot currency market in April, according to the central bank's monthly bulletin released on Monday. This is the second consecutive month of selling by the central bank amid pressure on the Indian rupee. In March, the RBI had sold USD 9.758 billion in the spot currency market. On a gross basis, the central bank purchased USD 16.225 billion in April, and sold USD 25.169 billion, as per the bulletin. The Indian rupee (INR) remained under pressure in April and May amid protracted geopolitical tensions and continued foreign portfolio outflows. However, the currency recovered in June 2026, owing to capital flow measures, easing geopolitical tensions and falling crude oil prices, according to the bulletin. During 2026-27 so far (up to June 19), INR appreciated by 0.2 per cent over end-March 2026. On Monday, the rupee closed at 94.63 against the US dollar, down by 30 paise. The rupee closed the last fiscal at 94.84 against

The rupee appreciated 20 paise to 94.20 against the US dollar in early trade on Friday on optimism that trade negotiations between India and the United States are set to gain momentum. Forex traders said the rupee opened on a positive note with oil prices remaining supportive and foreign inflows improving. The overall bias remains positive for the rupee, they said. Moreover, Indian Foreign Secretary Vikram Misri on Thursday said trade was a major subject of discussion between Prime Minister Narendra Modi and US President Donald Trump, with both leaders directing their negotiators to finalise the proposed trade pact at the earliest. At the interbank foreign exchange market the rupee opened at 94.30, then gained momentum and touched 94.20, registering a gain of 20 paise from its previous all-time closing low. On Tuesday, the rupee settled 10 paise higher at 94.40 against the US dollar. "The RBI is expected to use incoming dollar flows to rebuild forex reserves and gradually reduce i

The facility will allow banks to raise fresh three- to five-year FCNR(B) deposits at lower hedging cost, helping support foreign inflows and the rupee

The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022

The rupee opened on a weaker note and fell 30 paise to 95.94 on Friday after hitting new lows over three straight sessions, as elevated crude oil prices, a strong dollar, and concerns over the West Asia crisis weighed on investor sentiment. Forex traders said USDINR is under pressure and hovering very close to the 96 mark as dollar buying continues amid upside in oil prices. Moreover, the Summit between US President Trump and Chinese President Xi did not yield any fruitful results, particularly on the US-Iran front, denting investor sentiments further. The USD/INR pair, which had slumped to 95.96 against the American currency on Thursday, recovered sharply after reports surfaced that India is considering a major cut in taxes paid by foreign investors on Indian bonds. On Friday, the government hiked the petrol and diesel prices by Rs 3 per liter in the latest move to curb the demand of these fuels. At the interbank foreign exchange market, the rupee opened at 95.86, then fell furth

The rupee has hit a string of all-time lows and is down about 4.2 per cent this month, its worst decline in over seven years, sliding to 94.84 versus the US dollar on Friday

The RBI purchased nearly $28 billion and sold $25.47 billion in January, the central bank said in its monthly bulletin released on Monday. In December, it sold a net $10 billion in the market

Three-year dollar-rupee swap draws $25 billion in bids against $10 billion on offer

At the auction, the central bank received 348 bids worth $29.94 billion and accepted 42 bids, with the cut-off premium set at 728 paise

RBI announced ₹2 trillion of OMO purchases and a three-year $10 billion USD/INR buy-sell swap, triggering the sharpest bond market rally since April 2

The first leg of the swap will be settled on Thursday, when the RBI will inject rupee liquidity into the banking system. The transaction will be reversed after three years

The RBI cut rates by 25 basis points earlier this month, and has cut them by a total of 125 basis points this year

The RBI's three-year dollar-rupee buy/sell swap auction, which is scheduled for Tuesday, is now in focus

The rupee clawed back some losses after the RBI intervened heavily in spot and NDF markets, helping arrest its slide toward 90 per dollar even as global dollar strength

Possible US trade deal may help lift Indian currency, say experts

The spike is overwhelmingly due to festive-linked gold imports that will normalise. A strong services surplus, lower oil prices, and an improving tariff outlook mean India's CAD will likely fall below

The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness

While the rupee has been hovering near record low for the past week, the volatility remains low on likely intervention by the Reserve Bank of India (RBI), said dealers

Experts weigh in on the dollar's surge against rupee, what it means for Indian investors, and whether to book profits now or hold

Doing so is crucial for those who have dollar-denominated goals, like a child's education abroad