Rupee-dollar Swap

The rupee fell 0.5 per cent to 96.31 per dollar, while the benchmark 10-year bond yield rose to 7.21 per cent as Brent crossed $100 a barrel ahead of the RBI policy meeting.

RBI's net short dollar position in the forward book surged to $200.06 billion at August-end as FCNR(B) flows boosted longer-tenure forward positions

On the other hand, the yield on the benchmark 10-year government bond has risen by around 13 basis points during the same period.

The Indian rupee fell past the 96-per-dollar mark during intra-day trade on Tuesday, hitting a two-month low as higher crude prices triggered worries in energy markets.

The rupee stayed weak, sliding 11 paise to 95.84 against the US dollar in early trade on Thursday, as geopolitical uncertainties led to a sharp surge in crude oil prices and pushed US bond yields as well as the greenback higher. Forex traders said the inflow of foreign capital failed to support the local currency due to the selling pressure in the domestic equity market and a strengthening American currency. At the interbank foreign exchange market, the rupee opened at 95.84 against the American currency and stayed under pressure, registering a loss of 11 paise from its previous closing level. The rupee ended Wednesday's session 11 paise lower at 95.73 against the US dollar, a day after appreciating 16 paise. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 100.87, up 0.06 per cent. Brent crude futures, the global oil benchmark, were trading lower by 0.97 per cent but remained elevated at USD 102.08 per barrel compare

RBI Deputy Governor Poonam Gupta sees a case for rupee appreciation as the current account deficit shrinks and capital flows improve, potentially later this financial year.

Euro gives a challenge to dollar in export invoicing, while the US remains a far bigger player in forex transactions

The rupee has weakened over 1 per cent in three sessions as high crude oil prices and foreign outflows weigh, while experts see 96 as a key level against the dollar

The dollar-rupee forex swap was necessary and successful. Now, it is time to weigh the pros and cons of making capital inflows more attractive

The Brics summit next week will test India's ability to navigate the changing currency landscape as it seeks to de-risk from the dollar

Liquidity surplus at record high of ₹9.7 trn; call rate drops below 5%

The domestic currency touched an intraday high of 94.27 in morning deals, its highest level since June 29, according to Bloomberg data.

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

As RBI's concessional swap window draws to a close this month end, State Bank of India (SBI) Chairman C S Setty has expressed confidence that the bank would garner about USD 10 billion from non-resident Indians and foreign investors. "In aggregate, we must be reaching the USD 10 billion mark, predominantly coming from the deposit side. But there is visibility of ECBs. ECB, of course, will have a longer period available to us, but by August 31, we should have mobilised around USD 9-10 billion on a consolidated basis," he told PTI in an interview. Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 as against the earlier cut-off date of September 30. However, the special US Dollar-Rupee forex swap window to give cheap currency hedging support to public sector undertakings (PSUs) raising External Commercial Borrowings (ECBs) is available till December 31, 2026. Talking about

The rupee appreciated 17 paise to 95.56 against the American currency in early trade on Thursday tracking a weak US dollar, after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds. Forex traders said the dollar index fell to its lowest level since late May after the US Treasury announced that it would double its buyback operations for longer-dated Treasury bonds, pushing US long-term yields lower and reducing the dollar's yield advantage. Moreover, the dollar is also being weighed down by reduced expectations of further Federal Reserve tightening though the FED policymakers' inflation concerns increased at the July meeting, according to the FED minutes. At the interbank foreign exchange, the rupee opened at 95.57, then rose to 95.56, higher by 17 paise from its previous close. On Wednesday, the rupee stayed almost flat, ending just 1 paisa higher at 95.73 against the US dollar. Meanwhile, the dollar index, which gauges the ...

The estimates are being reworked after the central bank Friday decided to end a program attracting dollars from overseas Indians a month earlier than planned, having garnered more than $50 billion

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