Page 38 - Indian Rupee

Rupee's Real Effective Exchange Rate climbs to 108.14 in Nov: RBI report

REER represents the inflation-adjusted, trade-weighted average value of a currency against its trading partners

Rupee hits new low for sixth straight session; settles at Rs 85.20

Liquidity deficit widens to 7 month high

Sold net $9.28 bn in spot forex market in October, says RBI Bulletin

The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed

Rupee falls 9 paise to close at fresh record low of 85.20 against dollar

The rupee extended the slide for the second straight session and depreciated 9 paise to settle at a fresh all-time low of 85.20 (provisional) against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities. According to analysts, increased demand of dollar due to month-end payment obligation and the fear of an aggressive import tariff by the Donald Trump administration in the US strengthened the greenback. Besides, surging crude oil prices pushed the rupee down further, they added. At the interbank foreign exchange, the rupee opened at 85.10 and touched the lowest ever level of 85.21 against the greenback during intra-day. The unit finally ended the session at a fresh all-time low of 85.20 (provisional) against the dollar, registering a loss of 9 paise from its previous close. On Monday, the rupee settled 7 paise lower at 85.11 against the US dollar. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rup

Rupee depreciates 5 paise to hit all-time low of 85.16 against US dollar

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even as a positive domestic equity market provided some cushion. They said the strong dollar and soaring bond yields in the US prompted the foreign investors towards profit-booking by selling Indian equities. At the interbank foreign exchange, the rupee opened at 85.10 and slid further to hit a fresh all-time low of 85.16 against the greenback, registering a loss of 5 paise from its previous closing level. On Monday, the rupee settled 7 paise lower at 85.11 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.10 per cent at 107.92, amid .

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Rupee fails to recover, remains flat at 85.04 against dollar in early trade

The rupee failed to sustain a recovery from its all-time low level and turned flat at 85.04 against the US dollar in early trade on Monday, giving in to the strengthening American currency and unabated outflow of foreign funds. Forex traders said the rupee stayed weak due to significant dollar demand amid higher crude oil prices triggered by the volatile geopolitical situation, even though a positive sentiment in the domestic equity markets cushioned the local unit at lower level. They said the dollar index is expected to remain elevated in the near-term amid the fear of delayed interest rate cuts by the US Federal Reserve in 2025. At the interbank foreign exchange, the rupee opened at 85.02 and slipped to its previous session's closing level of 85.04 against the greenback. On Friday, the rupee saw some recovery from its all-time low level and settled 9 paise higher at 85.04 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket

Rupee rebounds after hitting Rs 85.11, settles at Rs 85.02 per dollar

The rupee had settled at Rs 85.07 per dollar on Thursday

Rupee gains 6 paise to 85.07 against US dollar during early trade

The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance near the 110 level in the near-term amid a reduced likelihood of significant Fed rate cuts in 2025. The Federal Reserve cut rates by 25 basis points on Wednesday, but its forward guidance for 2025 has softened, with expectations reduced from four rate cuts to just two. At the interbank foreign exchange, the rupee opened at 85.07, registering a gain of 6 paise from its previous close. It was later trading at 85.10 against the greenback, a tad above the all-time low level. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar. "The Indian rupee is facing headwinds from both global and local

Rupee slides past 85 vs $ to hit new low after hawkish US Fed outlook

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

Rising pressure on rupee clouds RBI's February rate cut prospects

India's foreign exchange reserves have declined by $50 billion this quarter as of December 13, according to the latest RBI data

RBI ramps up forward dollar sales to defend stumbling rupee, say traders

In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion

Rupee hits new low of 84.96 per dollar, US Fed meet outcome in focus

RBI sold dollars via state-run banks, which avoided further depreciation, said dealers

RBI dials down use of NDFs to fight dollar, balance rupee stability

The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts

Day after all-time low, rupee falls 1 paisa to 84.92 against US dollar

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Forex traders said dollar demand from importers and foreign banks and a muted trend in domestic equities further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee revisited its all-time low closing level of 84.91 against the US dollar. The rupee remains under pressure from both global and local factors. On the global front, the ripple effects of the Federal Reserve's anticipated slowdown in rate cuts for 2025 have been felt in India, as evidenced by a correction of over 1 per cent in Indian equities, CR Forex Advisors' MD-Amit Pabari said. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-boa

Rupee weakens to new low of 84.93 as trade deficit hits record high

The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales

Rupee falls 1 paisa, hits new all-time low of 84.92 against US dollar

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the US dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee is likely to remain under pressure due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.89 against the greenback, then fell further to 84.92 against the American currency, registering a fall of 1 paisa over its previous close. On Monday, the rupee depreciated by 11 paise to close at an all-time low level of 84.91 against the US dollar. "The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November 24 mainly on account of increase in gold buying, took rupee lower in the NDF (Non-Deliverable Forward) markets," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. The opening will depend on where RB

Rupee weakens to new closing low of 84.87 due to rise in US Treasury yields

The rupee had settled at Rs 84.80 per dollar on Friday

Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low

A decline in the yuan and elevated US bond yields had weighed on the rupee through the session and the currency declined further after the trade data was released