Currency Market

RBI's measures can delay the slide, but may not steady the rupee at 93

RBI faces a tough trade-off between defending Rupee and supporting growth, as oil shocks and global pressures make balancing exchange rate stability and domestic interest rates increasingly untenable

RBI trading ban jolts India's $149 billion-a-day offshore rupee market

RBI has rolled out some of its toughest measures in more than a decade to curb speculation and support the currency, which has been setting successive record lows this year

RBI's $100-million NOP cap: Clipping speculative wings, not growth

RBI steps in as rupee nears 95/$. Banks now capped at $100 million FX exposure to curb speculation. Will this stabilise the rupee -- or tighten liquidity? Here's what it means

RBI's move a stern warning to curb INR speculation: Abhishek Goenka

RBI has drawn a line in the sand on rupee volatility. With NOP caps, arbitrage unwinding, and possible FCNR moves - the central bank is stepping in decisively. But will it be enough>

RBI's boldest currency move in years brings rupee only brief relief

The intervention underscores the RBI's shrinking flexibility, as foreign-exchange reserves have shrunk in the first three weeks of March amid efforts to defend the rupee following the Iran conflict

RBI's move to cap NOP in forex a structural shift in managing currency risk

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.

Rupee opens 125 paise higher as RBI clamps down on speculative bets

The move follows the RBI's March 27 directive, issued after market hours, capping the open positions that banks can hold in the onshore currency market at $100 million at the end of each trading day

Indian Rupee weakens past 94/$ on elevated crude prices, firm US dollar

The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar

Indian Rupee falls past 93/$ on crude volatility amid West Asia tensions

The domestic currency fell as much as 64 paise, or 0.69 per cent, to a record low of 93.28 against the US dollar on Friday, according to Bloomberg data

Indian Rupee drops to fresh low of 92.36 as Brent oil surges past $100

The Indian Rupee fell 32 paise, or 0.35 per cent, to 92.36 against the greenback, according to Bloomberg

How Iran war could impact oil, equities, forex: HSBC shares 3 scenarios

HSBC outlines three Iran war scenarios that could drive oil above $100, affect stocks, bonds and currencies as global markets react to ongoing conflict

Rupee sinks to fresh low, breaches 92/$ mark amid West Asia tensions

The domestic currency opened 55 paise weaker at 92.03 against the greenback, a day after closing at the 91.47 mark

RBI draft mandates 60% C/D ratio for rural and semi-urban branches

Prioritise opening CBS-enabled branches in tier-5 centres

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

Rupee weakens on corporate dollar demand as thin volumes cap moves

Rupee settled at 89.97 per dollar on Thursday as corporate dollar demand and muted trade volumes pressured the currency. Analysts expect the rupee to stay range-bound amid global policy uncertainty

Rupee jumps the most in over three-years on RBI support; trades at 90.33/$

The Indian currency strengthened past 90-per-dollar mark in Wednesday's session as the central bank curbed excess volatility

Rupee slips past 91/$ to fresh low for 4th session; more downside?

Rupee at record low: The unit opened 4 paise lower on Tuesday at 90.77 against the greenback, but fell 35 paise during the session to a new low of 91.08, according to Bloomberg

Rupee slides 9 p to record low of 90.87 against US dollar in early trade

The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal. However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade. The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. "The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clou

Best of BS Opinion: China must find political will to rebalance economy

Today's opinion pieces offer a sharp mix of macro and culture: China's demand shortfall, Prada's Kolhapuri move, the rupee's policy trilemma, why RBI needs better data, and a candid chess memoir.

Rupee hits new low of 90.56/$ on trade deal impasse; near-term pain seen

So far this month, the Rupee has fallen 1.15 per cent, while in the calendar year 2025, the unit is down 5.7 per cent, the worst among its Asian peers