US Dollar

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 depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some ground and touched 94.81 against the US dollar in initial trade, registering a fall of 13 paise over its previous close. On Tuesday, the rupee depreciated 53 paise to close at 94.68 against the US dollar. "The oil is above USD 111 with no resolution to the US-Iran crisis, although the unilateral ceasefire of the US continues and Iran also showing resilience, but the non-passage of ships from the Strait

Liquidity dynamics have also played a role. In volatile markets, investors often sell gold and silver to raise cash or meet margin calls, creating temporary downward pressure on precious metals.

The rupee extended its losing streak for the fourth straight session, sliding past the 94 level for the second time in a month and trading 34 paise lower at 94.12 against the US dollar in early trade on Thursday, as crude oil prices surged amid a lack of progress in West Asia peace talks. The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.04 and lost further ground to trade at 94.12 against the greenback in early deals, registering a loss of 34 paise from the previous closing level. The rupee declined 34 paise to close at 93.78 against the US dollar on Wednesday, the third straight day of fall. In the preceding two sessions, the currency has fallen by 53 paise. Facing geopolitical headwinds triggered by the war in West Asia, the domestic currency breached the crucial ..

The rupee weakened against the dollar, tracking Asian currencies and firm crude oil prices, amid geopolitical tensions and sustained foreign fund outflows

The rupee appreciated 13 paise to 92.78 against the US dollar in early trade on Monday, following a sharp drop in crude oil prices amid hopes of easing geopolitical tension and the impact of the Reserve Bank's measures. Forex traders, however, said the currency is likely to stay range-bound with the situation in West Asia remaining volatile after Iran closed the Strait of Hormuz for shipping. At the interbank foreign exchange market, the rupee opened at 92.73 and moved up to 92.70 level before trading at 92.78 against the greenback in early deals, up 13 paise from the previous closing level. The rupee strengthened 28 paise to settle at 92.91 against the US dollar on Friday, a day after gaining 19 paise in the preceding session on Thursday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.22 per cent at 98.11. Brent crude, the global oil benchmark, was trading 5.34 per cent down at USD 95.21 per barrel in futures ...

The Indian unit closed Friday at 92.93/$ compared to the previous close of 93.20/$, gaining 0.3 per cent

India must take a proactive stance on any alternative currency initiative, rather than remain on the sidelines

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

With the geopolitical premium fading, analysts believe the next trend will hinge on three factors: the US dollar and bond yields, geopolitical developments, and demand dynamics

Don't expect rapid, drastic reversal even if calm returns, say experts

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 rupee tanked 86 paise to close at yet another all-time low of 94.82 (provisional) against the US dollar on Friday, weighed down by elevated oil prices and a stronger greenback amid uncertainties over the West Asia conflict. A sharp decline in the domestic equity markets and sustained FII outflows put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 94.18 and breached the 94.50-mark for the first time before closing at 94.82 (provisional) against the US dollar, down 86 paise from its previous close. The rupee slumped 20 paise to close at a record low of 93.96 against the US dollar on Wednesday. Stock, forex, commodity, and bullion markets remained closed on Thursday on account of Ram Navami. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at 100. Brent crude, the global oil benchmark, was trading at USD 109.8 per barrel, up 0.53 per

The rupee breached the 94.50-mark for the first time against the US dollar during intra-day trade on Friday and hit a record low of 94.56, weighed down by elevated oil prices and a stronger greenback amid no breakthrough in the West Asia conflict. A sharp decline in the domestic equity markets and sustained FII outflows put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 94.18 and kept sliding to hit 94.56 against the US dollar during intra-day trade, down 60 paise from its previous close. The rupee slumped 20 paise to close at a record low of 93.96 against the US dollar on Wednesday. Stock, forex, commodity, and bullion markets remained closed on Thursday on account of Ram Navami. "With consistent buying from oil companies, the rupee breached 94.50 with exporters holding their inflows, while importers buy dollars for their payables," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury

US President Donald Trump's signature is set to feature on US paper currency soon, a first for a sitting president since the introduction of dollar bills in 1861. The decision, taken by the US Treasury, coincides with the 250th anniversary celebrations of American Independence this year. "In celebration of America's 250th anniversary, President Donald J Trump's signature alongside (Treasury) Secretary Scott Bessent's will soon appear on US currency, marking a first in history, and symbolizes @POTUS' leadership and dedication to our great nation will carry a lasting impact," US Treasurer Brandon Beach said in a post on X. Earlier this month, a federal arts commission approved the final design for a 24-karat gold commemorative coin bearing Trump's image to help celebrate the 250th anniversary of American Independence. "Under President Trump's leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability," Bessent said i

Currency weakens to record closing low amid importer demand and NDF pressures, with central bank intervention helping prevent breach of the 94 per dollar mark

Rupee near record low despite RBI support as NDF-related dollar demand and outflows offset gains from easing oil prices and improved global risk sentiment

The likely intervention via state-run banks helped the currency hold above its record low of 93.98 per dollar to last quote at 93.96, down 0.1 per cent on the day

Spot gold rose 2.5 per cent to $4,587.09 ‌per ounce as of 0218 GMT. US gold futures for April delivery gained 4.2 per cent to $4,586.10

The rupee strengthened after three days of losses on easing crude and dollar index, while bond yields hardened on higher-than-expected SDL auction cut-offs