Page 2 - Forex Market

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

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

Govt mulls real-time Euro FX settlements at GIFT City to boost EU trade

The International Financial Services Centres Authority (IFSCA), which regulates the hub, has approached the government to permit the use of the euro alongside the US dollar for settlements

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

Rupee records steepest decline in over 5 weeks amid geo-political tensions

The rupee saw its sharpest fall in over five weeks as crude oil prices surged on rising West Asia tensions; RBI interventions helped prevent the currency from breaching the 91.5-per-dollar level

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

Rupee edges higher on inflows, importer dollar demand caps gains

The rupee strengthened marginally on Thursday on modest inflows from a bond issue, but importer demand for dollars and foreign outflows kept gains limited ahead of the RBI's policy decision

RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low

RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength

Hidden forex charges bothering you? Expert explains what RBI's rules change

RBI on forex Transaction: RBI draft mandates upfront disclosure of all fees, including intermediaries and conversion charges

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

How consistent is IMF's exchange rate regime classification, data adequacy?

When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

Rupee may drop to 90 vs dollar by Dec-end, regain by Mar: BS Poll

Possible US trade deal may help lift Indian currency, say experts

Rupee strengthens on optimism around progress in India-US trade talks

The dollar index was largely steady at 99.55, against the previous close of 99.62. It measures the strength of the greenback against a basket of six major currencies

Rupee hits new closing low of 88.80 amid weak global risk sentiment

Weak global sentiment and a stronger dollar kept the rupee under pressure, prompting likely RBI intervention through state-run banks to curb excessive volatility

RBI's net short dollar position in forwards dips to $60.29 bn by June-end

The Reserve Bank's short dollar position has declined for four consecutive months, down from its February peak of $88 billion

RBI net bought $1.76 billion in forex market in May, shows bulletin

The RBI said it purchased $9.1 billion and sold $7.3 billion during the month. In April, the central bank had sold a net of $1.66 billion