Currency

Gap between ATM withdrawals and cash in circulation widens, says SBI

Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record highs

Rupee declines 24 paise to 94.25 against US dollar in early trade

The rupee stayed on a downward track for the fifth straight day, losing 24 paise to 94.25 against the US dollar in early trade on Friday, weighed by volatile crude oil prices and an elevated US dollar, with prospects of West Asia peace talks turning hazier. Analysts said that despite a ceasefire in place between the United States and Iran, ship movement through the Strait of Hormuz remained uncertain after the US military on Thursday seized another Iranian oil tanker, intensifying the standoff and unsettling the fuel prices worldwide. President Donald Trump has also ordered the US military to "shoot and kill" small Iranian boats that deploy mines to choke traffic through the Strait of Hormuz. Unabated withdrawal of foreign funds from domestic stock markets also added to investors' worries, triggering a massive sell-off in equities and further dragging down the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the s

The West Asia conflict and prospects for a multipolar monetary order

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

Currency in circulation surged 11.9% in FY26, most in five years

As a percentage of India's GDP, it declined to 12.1% from 14.4% in FY21, say experts

Rupee closes near record low, RBI intervention blunts outflow pressure

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

RBI will continue to meet the country's currency needs: Governor Malhotra

The value and volume of banknotes in circulation increased by 6.0 per cent and 5.6 per cent, respectively, during 2024-25

Xi Jinping revives push to make China's yuan a global reserve currency

China is stepping up efforts to boost the yuan's global role as President Xi Jinping calls for wider use of the currency in trade, investment and foreign exchange markets

India's foreign exchange reserves hit record high of $709 billion

Reserves rise to a fresh peak after 17 months, aided by higher gold prices and revaluation gains, even as the rupee remains under pressure amid FPI outflows

Rupee likely to trade around 92.50 per dollar by March-end: BS Poll

Trade deal with US could reverse the fortune of the Indian currency

RBI to focus on rupee's drop pace, not defend levels, as it hits record low

The rupee has been buffeted by equity outflows, with a record $19 billion last year and a further $2.9 billion this month amid valuation concerns, steep US tariffs and delays in a trade deal

China's two-track currency strategy against sanctions has lessons for India

China is shifting from dollar rivalry to creating a parallel, sanction-proof financial system through RMB trade settlement, digital currencies and deeper integration with global capital markets

Rupee avoids new low as RBI steps in to control excess volatility

The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar

RBI proposes linking Brics' digital currencies to cut reliance on US dollar

India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time

Rupee sees worst single-day fall in 2 months on importer dollar demand

Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses

Why a weaker rupee is riskier than it appears for Indian borrowers

The rupee's depreciation is often seen as an opportunity - but this narrative overlooks its impact on borrowers of foreign-currency debt

Three challenges in 2026: Bond yield, currency, and deposit mobilisation

If these are the three challenges, there are also three key developments that everyone will watch out for

Dollar makes a soft start to 2026 after sharpest drop in 8 years

A dwindling ​interest rate difference between the US and other economies has cast a shadow over the currency market, resulting in most currencies gaining sharply against the dollar in 2025

Rupee enters 2026 on back foot after worst annual drop in 3 years

The currency repeatedly fell to record lows during the year, slipping past the 91 level at one point, highlighting the sustained depreciation pressure

Rupee slides past 91 to the dollar, triggers talk of RBI stepping in: What to expect?

The Indian rupee has hit a fresh record low, crossing 91 against the US dollar for the first time. With the currency weakening steadily despite gains in other Asian currencies

Rupee slide puts spotlight on limits to India's currency defence

A key reason is the Reserve Bank of India's $64 billion short-dollar position - a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders