Rupee Vs Dollar

The rupee traded in a narrow range and edged up 10 paise to 96.65 against US dollar in early trade on Thursday on likely intervention by the Reserve Bank of India. Forex traders said rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength (DXY trading near multi-month highs), elevated Brent crude prices hovering near USD 102 per barrel. Moreover, relentless foreign fund outflows as well as fall in forex reserves by USD 50 billion in just three weeks from the high of USD 786 billion in September dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 96.71, then gained some ground to touch 96.65, registering a rise of 10 paise over its previous close. On Wednesday, the rupee closed at 96.75 against the American currency. "Strong corporate importer demand for dollars together with safe-haven capital shifts overpowered the RBI's hawkish policy stance, driving USD/INR higher through the afternoon unti

The rupee depreciated 10 paise to 96.45 against the US dollar in early trade on Wednesday ahead of the Reserve Bank of India's monetary policy decision. The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong US dollar holding near multi-month highs above 102 (DXY), forex traders said. Moreover, investors are keenly awaiting the RBI's monetary policy decision for further cues. At the interbank foreign exchange, the rupee opened at 96.37, then lost ground and fell to 96.45, down 10 paise from its previous close. On Tuesday, the rupee settled at 96.35 against the US dollar. "We have the RBI monetary policy meeting today, in which the RBI is expected to raise rates by 25 bps with an outside chance of a 50 bps raise. The RBI may also raise the CRR by 1 per cent to 4 per cent to absorb the excess liquidity. "We await the RBI stance on the falling rupee which has lost more than 2 per cent in the last 1 month with oil demand and

The rupee was at 95.97 per dollar at 11:30 ‌a.m. IST in Mumbai, little changed from its close at 95.98 in the previous session

The ‌rupee declined to a low of 96.1475 per dollar, down nearly 0.2% on the day, before trimming losses on likely intervention by the Reserve Bank of India

The rupee depreciated 20 paise to 95.95 against the US dollar in early trade on Monday, as the greenback strengthened further and foreign fund outflows continued unabated amid the ongoing West Asia conflict. Forex traders said elevated global crude oil prices put further pressure on the local unit. At the interbank foreign exchange market, the rupee opened at 95.89 against the American currency and lost further ground to touch 95.95 against the American currency, registering a loss of 20 paise from its previous closing level. On Friday, the rupee appreciated 24 paise to close at 95.75 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 101.11, up 0.15 per cent. Brent crude futures, the global oil benchmark, were trading higher by 2.31 per cent at USD 106.81 per barrel in futures trade. "Despite the Brent oil for November series being higher due to US President Donald Trump rejecting the peace pro

Dollar sales by state-run banks, likely ‌on behalf of the Reserve Bank of India, limited losses and kept the rupee above 96 per dollar.

The rupee rebounded from over two-month low levels, gaining 16 paise to 95.73 against the US dollar in early trade on Friday, buoyed by a buying trend in domestic equity markets and easing crude oil prices overseas. Forex analysts said the retreat of crude prices below the 104-per-barrel level from a steep rise earlier this week eased pressure on the Indian currency, even as US bond yields fell from record highs after the US Federal Reserve hiked interest rates by 25 basis point. At the interbank foreign exchange market, the rupee opened at 95.75 and gained slightly to trade at 95.73 against the greenback in early deals, up 16 paise from its previous close. The local unit ended 2 paise higher at 95.89 against the American currency on Thursday, after declining 150 paise, or nearly 1.5 per cent, in the preceding eight sessions since the closing level of 94.43 against the greenback recorded on September 4. Meanwhile, the dollar index, which gauges the greenback's strength against a ..

The Indian rupee may need to weaken further to align with shifting trade fundamentals and relatively weaker productivity gains from ​AI, according to an Axis Bank assessment

The Fed raised interest rates by 25 basis points on ​Wednesday, its first increase since 2023, with officials expecting one more increase ​this year.

The rupee fell 3 paise to 95.91 against the US dollar in early trade on Wednesday, facing pressure from a strong American currency and outflow of foreign funds. Positive domestic equity markets, however, supported the local currency, even as crude oil prices remained elevated amid heightened tension in West Asia, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.89 against the US dollar and fell further to 95.91, trading 3 paise lower from its previous close. The rupee settled 34 paise lower at 95.88 against the American currency on Tuesday, after weakening by 113 paise or more than 1 per cent in the preceding five sessions since the closing level of 94.43 recorded on September 4. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.38, higher by 0.04 per cent. The higher dollar index was attributed to market expectations of a hike in interest rate by the US Federal Reserve, whic

The rupee depreciated 30 paise to 95.84 against the US dollar in early trade on Tuesday on elevated Brent crude oil prices and heightened Middle East tensions. With Brent crude touching USD 106 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.84 against the US dollar, registering a loss of 30 paise from its previous close. On Friday, the rupee had settled at 95.54 against the American currency. Forex and equity markets were closed on Monday on account of Ganesh Chaturthi. The surge in crude oil prices and heightened tensions in the Middle East have increased safe-haven demand for the dollar and pushed US Treasury yields higher, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was ..

The rupee depreciated 25 paise to 95.33 against the US dollar in early trade on Thursday as Brent crude price crossed the USD 100 dollar mark sharply increasing concerns over India's import bill. Forex traders said elevated crude oil prices and persistent dollar demand also weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar, then lost ground to touch 95.33 against the American currency, registering a loss of 25 paise from its previous close. On Wednesday, the rupee slumped 34 paise to close at 95.08 against the American currency. "Rupee's move beyond the psychologically important 95 level also triggered some additional dollar demand and stop-loss activity. However, the decline was contained by RBI intervention," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was

The rupee depreciated 21 paise to 94.95 against US dollar on Wednesday weighed down by surging crude oil prices, which inched closer to the USD 100-a-barrel mark amid the simmering US-Iran tensions. A weak dollar, however, cushioned the fall, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.80 against the US dollar, then touched 94.95, registering a fall of 21 paise from its previous close. On Tuesday, the rupee fell 18 paise to close at 94.74 against the American currency. "Indian rupee opened lower on escalating geopolitical tensions and surge in crude oil prices. Brent has neared the USD 100 mark as US and Iran attack each other," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. The local currency is expected to trade with a negative bias on rising crude oil prices and escalating geopolitical tensions, he said. "Weak global markets may further pressurise the rupee. However, a weak dollar may support the rupee at lower levels. ..

The rupee depreciated 10 paise to 94.66 against the US dollar in early trade on Tuesday, as surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence. Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external pressures. At the interbank foreign exchange market, the rupee opened at 94.49 against the US dollar, then touched 94.66, registering a fall of 10 paise from its previous close. On Monday, the rupee fell 13 paise to close at 94.56 against the American currency. "The RBI's intervention has been particularly important in preventing higher oil prices from translating into a weaker rupee," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. According to Bhansali, the rupee is expected to stay in a range of 94.00 to 94.75 as crude oil is near to USD 97 level while dollar index

The rupee traded in a narrow range and appreciated 4 paise to 94.39 against the US dollar in early trade on Monday, as the support from strong FCNR-related dollar inflows was negated by elevated crude oil prices amid persistent global headwinds. Forex traders said the rupee continues to draw strength from the robust liquidity wave, but renewed military strikes have driven Brent crude toward USD 97 per barrel, reigniting fears over Middle Eastern energy supply disruptions. At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar, then touched 94.39, registering a gain of 4 paise from its previous close. On Friday, the rupee settled higher by 8 paise at 94.43 against the US dollar. "The rupee entered the week on a stronger footing, supported by heavy FCNR-related dollar inflows. However, the global backdrop remains a challenge. 94.0094.20 remains the key support zone. If global headwinds intensify, USDINR could move back towards 95.00, 95.50 and ...

The rupee gained 5 paise to 94.46 against the US dollar in early trade on Friday, supported by optimism over rising foreign inflows and a rise in risk appetite. Forex traders said the rupee is poised to gain strength, supported by strong underlying inflows and aggressive RBI intervention. However, higher crude oil prices and potential US-Iran tensions could limit further gains. At the interbank foreign exchange market, the rupee opened at 94.53 against the US dollar, then gained ground to touch 94.46, registering a gain of 5 paise from its previous close. On Thursday, the rupee extended its gaining momentum for the fifth straight session appreciating 22 paise to close at 94.51 against the US dollar. India mobilised a record USD 127.23 billion through foreign-currency deposits under a special central-bank programme aimed at bolstering the country's foreign-exchange liquidity. Including overseas foreign-currency borrowings (OFCB) and external commercial borrowings (ECB), total inflo

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

The rupee traded in a narrow range and fell 2 paise to 94.97 against the US dollar in early trade on Wednesday, amid renewed US-Iran tensions, higher oil prices and rising Treasury yields. Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to USD 95 per barrel and dollar index is hovering around 99.70 on a bout of risk aversion on renewed US-Iran tensions. Moreover, market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally. At the interbank foreign exchange market, the rupee opened at 94.97 against the US dollar, registering a fall of 2 paise from its previous close. On Tuesday, the rupee settled at 94.95 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.75, higher by 0.08 per cent. The dollar continues to benefit from its safe-haven status, while the su

The rupee gained 26 paise to trade at 94.96 per US dollar on Tuesday morning, on robust domestic growth, contained fiscal slippage, and portfolio-related inflows. Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. While MSCI-related inflows have provided temporary support. At the interbank foreign exchange market, the rupee opened at 95.06, then gained ground to touch 94.96 against the US dollar, registering a gain of 26 paise from its previous close. On Monday, the rupee pared initial losses and settled for the day with gains of 21 paise at 95.22 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.46, higher by 0.03 per cent. Brent crude, the global oil benchmark, was trading higher by 0.63 per cent at USD 91.06 per barrel in futures trade after US President Donald Trump warned that the United States would "hit Iran hard" following missil

The rupee fell 13 paise to trade at 95.56 per US dollar on Monday morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further. At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close. On Friday, the rupee rose marginally by 2 paise to settle at 95.43 against the US dollar. The rupee opened lower as the dollar index was at 99.62 level, while most other assets fell from their levels on Friday, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. The rupee is expected to be in the range of 95.25 to 95.75 with exporters to sell near 95.60 levels and importers to buy all dips that they get with no directional movement being seen in the currencies, Bhansali ...