Page 2 - Forex Market

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

Rupee breaches 94 to the dollar to hit a three-week low on crude surge

Rupee hits a three-week low past 94/$ as rising crude oil prices and a stronger dollar amid West Asia tensions weigh on the currency despite RBI interventions

Forex curbs cannot last as rupee internationalisation is RBI's top agenda

India's forex reserves, at $700.9 billion, though lower than their late-February peak, are adequate. Selling dollars to arrest currency depreciation cannot be a never-ending process

Rupee rises 13 paise to 92.78 against US dollar during early trade

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 ...

Rupee may come under pressure as Strait of Hormuz blockade continues

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

Rupee ends higher on Iran-US ceasefire hopes, FPI inflows support sentiment

Rupee rises after four sessions of losses, supported by ceasefire hopes, lower crude prices and FPI inflows, though elevated oil levels cap sharp appreciation

Foreign investors grow more wary of India as forex curbs hit bonds

Liquidity in the NDF market, a key channel through which foreign investors manage rupee exposure, has thinned, making hedging both more expensive and harder to execute

RBI's rupee defence may backfire: Measures may hurt confidence, inflows

When the war broke out in late February 2026, the RBI, backed by foreign exchange reserves of nearly $730 billion, intervened aggressively

Rupee falls 49 paise to 93.32 against dollar in early trade amid Iran war

The rupee depreciated 49 paise to 93.32 against the US dollar in early trade on Monday, weighed down by higher crude oil prices and a firm American currency amid a volatile geopolitical situation. Renewed tension in West Asia and uncertainties on the opening of the Strait of Hormuz following inconclusive Iran-US peace talks triggered a surge in crude oil prices, while investors rushed to withdraw funds from domestic equities, putting further pressure on the Indian currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and lost further ground, trading at 93.32 against the greenback in early deals, down 49 paise from its previous closing level. On Friday, the rupee settled 32 paise lower at 92.83 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was higher by 0.38 per cent at 98.81. Brent crude, the global oil benchmark, was trading higher by 7

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 bars banks from offering NDF contracts to corporates to stabilise rupee

RBI restricts banks from offering NDF contracts to corporates to curb speculation and stabilise the rupee amid sharp currency volatility

Rupee may slip further to 97/$ if West Asia war prolongs: BS poll

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

Why RBI's forex cap direction has not worked to ease rupee pressure

Cap on banks' forex positions offers only short-lived relief as oil prices, capital outflows and structural imbalances continue to weigh on the rupee

Rupee posts worst fall in 12 years in FY26; bond yields rise sharply

Rupee falls 9.85% in FY26 amid foreign outflows and West Asia crisis, while bond yields rise despite rate cuts due to supply pressures and global uncertainties

SBI Research backs RBI forex window for OMCs to ease rupee volatility

Report suggests ring-fencing OMCs' $75-80 billion annual forex demand via special RBI window to improve visibility, ease volatility and stabilise rupee dynamics

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 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 hits new low on dollar demand from maturing NDFs, month-end flows

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

Is fuel efficiency back on the radar as crude prices surge again?

If fuel prices once again start hitting the headlines, chances are car and two-wheeler buyers will look at fuel efficiency as a key criteria for their next purchase

Rupee gains on fall in crude and dollar index; bond yields harden

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