Dollar

Rupee hits record closing low at 94.85 as crude surge pressures currency

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

Stocks edge up, oil slips to $98, dollar weakens on Iran-US talks

US President Donald Trump said Iran wants to make a deal, but added he would not agree to any outcome that allows Tehran to have a nuclear weapon

Dollar firms as US-Iran talks fail, blockade fears lift safe-haven demand

The dollar has tended to benefit when tensions between Iran and the US have flared, given its ‌status as a safe haven and the limited exposure of the US to imported energy-price inflation

Trump's signature on dollar bills to mark 250th year of US Independence

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

Indian refiners seek alternatives to US dollar for Russian oil payments

Transactions are being carried out by depositing Indian rupees into special overseas bank accounts held by Russian sellers which are then being converted into UAE's dirham or the Chinese yuan

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Indian currency hits record low of 93.72 per dollar, logging steepest fall in four years as surging crude oil prices and capital outflows weigh on sentiment

Gold falls 2.7% to over 1-month low on strong dollar, hawkish Fed tone

Central banks in the US, Canada and Japan struck hawkish tones this week, wary that rising energy prices could spark a fresh wave of inflation

Rupee hits record low of 92.64/$ on importer demand, thin dollar liquidity

Currency weakens on importer demand and thin dollar liquidity, with trade deficit concerns and Fed policy outlook weighing on sentiment

Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar

Currency weakens to a fresh intra-day low as oil prices surge amid West Asia tensions, with RBI stepping in through dollar sales to limit volatility

Dollar hits three month high as US-Iran war pushes oil past $100 a barrel

The dollar ​was up 0.8 per cent to $1.1525 on the euro, its highest since November, and rose almost 0.4 per cent to 158.48 ‌yen early in the Asia session

Rupee posts best day in a month; RBI dollar sales boost recovery

After breaching 92 per dollar, the rupee rebounded sharply on RBI's heavy dollar sales, becoming the best-performing Asian currency even as geopolitical risks kept markets cautious

RBI's forward-book dollar deficit surges to $68.4 billion in January

RBI's net short dollar position in the forward market climbed to $68.42 billion in January, with a rise in long-tenure contracts offsetting a decline in shorter-term positions

RBI net sold $10 bn in December, slightly higher than November: Bulletin

RBI net sold $10 billion in December, with short dollar positions in the forward market easing to $62.35 billion, even as the rupee's REER slipped to 94.76, the monthly bulletin showed

Rupee gains tracking Asian peers, corporate dollar demand caps rise

The rupee strengthened against the dollar tracking gains in Asian currencies, but upside was capped by strong dollar demand from large corporates, dealers said

ECB keeps rates unchanged, plays down impact of dollar weakness on policy

Asked about the currency, Lagarde said the ECB was keeping a close eye on markets but ultimately concluded that no big change has taken place in recent months

Dollar dips for second day as Venezuela concerns give way to optimism

The impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived across most asset classes with stocks around the world trading at record highs

Dollar climbs as traders shift attention from Venezuela to US data

Traders were also keeping a watchful eye on events ​in Venezuela, after the US raid and capture of President Nicolas Maduro

Rupee, bond likely to open weak on Monday amid geopolitical concerns

The rupee may open weaker amid strong dollar demand and geopolitical uncertainty, while heavy state bond supply is set to keep government bond yields under upward pressure

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