The currency plunged to a record low on Friday after the central bank unexpectedly stepped back from defending it as firmly as before
On Monday, the rupee advanced amid reports that the RBI resumed efforts to support currency via overseas and onshore markets
India’s rupee has fallen to a new low against the US dollar, raising concerns across markets. But analysts say not everyone loses.
The central bank likely sold dollars on the order-matching platform and in the non-deliverable forward market, helping lift sentiment
Rupee sees sharp fall: The domestic currency fell as much as 83 paise to 89.54 on Friday, according to Bloomberg
The RBI Governor says rupee's fall is due to dollar demand, not policy moves, assures strong forex buffers and highlights improving strength of Indian banks
Indian Rupee today: The domestic currency opened four paise lower at 88.63 against the greenback on Thursday
Indian Rupee today: The domestic currency closed two paise higher at 88.59 against the greenback on Wednesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 4 paise higher at 88.57 against the greenback and rose to 88.53 in opening deals
Indian Rupee today: The domestic currency closed 3 paise higher at 88.61 against the greenback on Tuesday, according to Bloomberg
Indian Rupee today: The domestic currency opened 2 paise lower at 88.66 against the greenback on Tuesday
Indian Rupee today: The domestic currency closed 10 paise higher at 88.64 against the greenback on Monday
The RBI on Friday announced a package of relief measures to help exporters cope with the pressure from US tariffs, including extending the export realisation window to 15 months from nine
Indian Rupee today: The domestic currency opened 3 paise higher at 88.71 against the greenback on Monday
Indian Rupee today: The domestic currency closed 8 paise lower at 88.74 against the greenback on Friday
The biggest risk to the bottoming out of the rupee, Wood believes, is the continuing resort to handouts in state election politics which have been a feature for the past two years
Indian Rupee today: The domestic currency opened 6 paise lower at 88.72 against the greenback on Friday
Indian Rupee today: The domestic currency closed 3 paise lower at 88.66 against the greenback on Thursday
Indian Rupee today: The domestic currency opened 2 paise lower at 88.65 against the greenback on Thursday
Indian Rupee today: The domestic currency closed 7 paise lower at 88.63 against the greenback on Wednesday