Dollar

The economics of a 'strong rupee'

Our currency policy is costly for people and generates small benefits for a subset

Crude oil spike drags rupee to nearly 96 per dollar; Nifty dips 1.2%

The Indian crude basket rose to $128.70 a barrel, adding to concerns over the import bill

Rupee falls 5 paise to close at 95.57 against US dollar on Friday

The rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and suspected RBI intervention. Forex traders said risk aversion in global markets and elevated crude oil prices are weighing on the rupee, which closed lower for the fifth consecutive session on Friday. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stock markets from the day's lows and profit booking in crude oil prices at higher levels, traders said. At the interbank foreign exchange market, the rupee opened at 95.70 against the US dollar and fell further to a low of 95.79. However, the local unit later pared losses to hit the day's high of 95.51 before closing down by 5 paise at 95.57 (provisional) against the American currency. "The Indian rupee extended its downward spiral... logging its steepest weekly loss since May 15 amid surging cr

India's tightrope walk on Brics finance

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

RBI's net short dollar position in forwards hits record $136.77 billion

RBI's net short dollar position rose from $103.33 billion at June-end as the central bank remained active in the forward market amid depreciation pressure on the rupee

RBI to conduct ₹6 trillion VRRR auction to soak up excess liquidity

Benchmark 10-year government bond yield settles at 6.91 per cent, while the rupee closes at 95.39 per dollar as RBI dollar sales support the local currency

IDFC FIRST Bank prices $350 million five-year overseas bond at 5.80%

The senior notes, issued through the bank's IFSC Banking Unit, will mature in August 2031 and follow its $600 million international bond issuance last week

Rupee gains for fifth day as weak dollar, lower crude lift sentiment

The rupee posted its strongest weekly gain since March as a weaker dollar, lower crude oil prices, foreign inflows and likely RBI intervention supported the domestic currency

Rupee rises for third session on softer crude, firmer dollar caps gains

The rupee gained on lower crude oil prices and RBI-linked dollar sales, but a stronger dollar ahead of the US Federal Reserve's policy decision limited the upside

Dollar slips as Iran truce hopes lift risk appetite before Fed meeting

Against the ​yen, the U.S. dollar was down 0.1% at 163.645 yen, on course for its sharpest daily decline ​since July 10

Large Indian banks revive dollar bond plans after period of lull

Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options

Tata Capital raises $400 mn via 3.5-year overseas bond at T+107 bps

Tata Capital has raised $400 million through a 3.5-year overseas bond, with robust investor demand helping tighten pricing by 33 basis points from initial guidance

Rupee hits three-week low as OMC dollar demand, NDF maturities weigh

The rupee slipped to a three-week low as dollar buying by oil firms and NDF demand offset support from lower crude oil prices

Net short forward dollar position rose to $106 bn in May: RBI data

RBI's net short dollar position in the forward market rose to $106.66 billion in May, with increases across both short- and long-term maturity buckets

Dollar and the diaspora: Old courtship, new script in forex strategy

NRI money can steady a wobble but it's not a substitute for durable capital inflows. We need structural changes in the bond and equity markets

Best of BS Opinion: Why PM Modi must leave the past behind and look ahead

From China's bid to expand the renminbi's global role to India's data centre boom, Narendra Modi's next challenges and Pope Leo XIV's views on AI, here's the best of BS Opinion

Rupee snaps two-day rally as oil firms buy dollars, forwards mature

The domestic currency weakened against the dollar amid demand linked to forward maturities, oil company purchases and rising geopolitical tensions that boosted the greenback

The great dollar rush among India's wealthy biz families turns structural

As the rupee weakens, India's wealthy families are accelerating investments in global assets, making currency diversification a core wealth strategy

Monetary policy: Reserve Bank of India opens window for dollar inflow

RBI has unveiled a five-pronged plan to attract foreign capital, boost dollar inflows, ease banking liquidity pressures and support the rupee

RBI net-sold record $53.13 billion in FY26, shows monthly bulletin

RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices