Indian Rupee

Record low rupee may end India's cheap-money era, force RBI policy shift

Rupee weakness amid global turmoil and capital outflows may limit RBI's policy stance, raising risks of rate hikes as inflation, currency pressure and external shocks reshape India's monetary outlook

Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7%

Currency weakens amid crude oil surge and West Asia tensions; RBI forward book deficit and rising bond yields add to pressure on the rupee

BSE Small, Midcap indices set to post best monthly rally in 12 years

Among 1,262 stocks from the BSE Smallcap index, over half, or 734 stocks, outperformed in April by recording more than 20 per cent return, data shows.

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook

Rupee slips below 95/$ as FII outflows, oil keep pressure on; US Fed weighs

The Indian rupee started the session flat at 95.02/$, down 17 points or 0.18 per cent compared with Wednesday's close of 94.85/$

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

Rupee falls 0.3% to record closing low of 94.8450 amid oil price surge

The currency has drifted back toward record lows as the impact of central banks' rupee supportive measures faded, with concerns over India's exposure to higher energy prices weighing on sentiment

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day

Rupee falls 13 paise to 94.81 against US dollar during early trade

The rupee depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some ground and touched 94.81 against the US dollar in initial trade, registering a fall of 13 paise over its previous close. On Tuesday, the rupee depreciated 53 paise to close at 94.68 against the US dollar. "The oil is above USD 111 with no resolution to the US-Iran crisis, although the unilateral ceasefire of the US continues and Iran also showing resilience, but the non-passage of ships from the Strait

Govt fixes OCI card application fee at $275, scraps 6-mth stay rule

The government has fixed the application fee for the Overseas Citizen of India (OCI) card at USD 275, payable in equivalent Indian rupees for applications in India or local currency when applying through Indian missions abroad, officials said Tuesday. A fee of USD 25 will be charged for reissuance of an OCI card with a change of particulars, reissuance when the cardholder turns 20 years of age, and for renunciation of the OCI card. Reissuance in case of loss of the card will attract a USD 100 fee, according to a post on X by the Bureau of Immigration. Now, the fee for fresh OCI cards will be USD 275, payable in the equivalent local currency where the application is made -- in rupees for applications filed within India, officials said. Earlier, eligible applicants had to pay Rs 15,000 for an OCI card when applying from India. The Home Ministry has also introduced several changes to the OCI application process. The earlier mandatory requirement of a six-month continuous stay in India

Rupee weakens, bond yields harden tracking rise in crude oil prices

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Rupee declines 24 paise to 94.39 against US dollar in early trade

The rupee depreciated 24 paise to 94.39 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets. Forex traders said Brent oil continued to move higher at USD 109 per barrel, keeping India's position vulnerable. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 94.35 against the US dollar, then lost some ground and touched 94.39 against the US dollar in initial trade, registering a fall of 24 paise over its previous close. On Monday, the rupee had settled at 94.15 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.49. Brent crude, the global oil benchmark, was trading higher by 0.99 per cent at USD 109.30 per barrel in futures ...

Free float theory falters as capital flows drive rupee volatility

India's current account deficit (CAD) is modest, but portfolio flows and oil price volatility mean the rupee is driven more by sentiment and positioning than by exports and imports

Rupee falls 11 paise to 94.27 against US dollar on safe haven demand

The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets. Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions. Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty. At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.0

Diversify overseas to beat country and currency risks amid volatility

Diversification is not about having all your money in the best-performing asset all the time. It is about not having all your money in the worst-performing asset at any point

Rupee 'fundamentally undervalued,' levels may attract investors: CEA

The currency has given up much of the gains fueled by the central bank's recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month,

Bond yields ease after choppy trade, rupee remains under pressure

Government bond yields ended marginally lower after volatile trading, while the rupee stayed under pressure due to rising oil prices, global cues, and foreign outflows

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