Page 43 - Indian Rupee

Rupee rises 8 paise to 86.85 against US dollar during early trade

The rupee appreciated 8 paise to 86.85 against the US dollar in early trade on Friday as the American currency retreated from elevated level and domestic equity markets shows favourable trend. The local unit, however, remained under pressure due to unabated foreign fund withdrawal and higher crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened at 86.86 and gained further ground to trade at 86.85 against the greenback during early deals, up 8 paise from its previous close. On Thursday, the rupee settled almost flat with a gain of just 2 paise at 86.93 against the US dollar. The unit had closed 16 paise lower on Wednesday, a day after surging 66 paise, witnessing the highest single-day rise in nearly two years. The domestic unit has been facing extreme volatility for the past few months due to several global macroeconomic uncertainties. Finance Minister Nirmala Sitharaman on Thursday said the rupee along with other Asian currencies has depreciate

Rupee's two-day RBI-driven surge peters out despite rally in regional peers

The Reserve Bank of India (RBI) is believed to have intervened heavily on Monday to prevent the rupee from breaching 88 per dollar and then again on Tuesday for further support

Rupee set for losses as RBI focuses on monetary easing, rising volatility

The rupee's recent gyrations mark a departure from its stability in the past two years, and the moves are testing new central bank chief Sanjay Malhotra's tolerance in dealing with swings

Rupee gives up early gains, drops 6 paise to close at 86.89 against dollar

Bids in VRR auction fall short of notified amount of Rs 2.5 trillion

Rupee weakens as corporate hedging, NDF maturity boost dollar demand

The dollar index was a tad higher at 108 while Asian currencies were largely rangebound ahead of the release of closely watched US consumer inflation data later in the day

PM Modi aims to boost investment ties, secure tariff relief during US visit

PM's US visit comes as foreigners have pulled $21 bn from Indian markets since September end, rupee has hit fresh lows, and the nation's $4.1 trillion stock market is Asia's worst performer in 2025

Rupee rises 27 paise to 86.52 against US dollar during early trade

The rupee sustained its recovery from lowest level for the second straight session and appreciated 27 paise to 86.52 against the US dollar on Wednesday supported by easing crude oil prices and measures by the Reserve Bank. However, rupee's gain was capped by the volatile domestic equity markets, outflow of foreign funds and strengthening American currency amid concerns over the worldwide tariff war, forex traders said. At the interbank foreign exchange, the rupee opened at 86.44, touched a high of 86.36 and then traded at 86.52 against the greenback during early deals, 27 paise higher from its previous close. On Tuesday, the rupee appreciated 66 paise, logging the maximum single-day gain since March 3, 2023, to close at 86.79 against the US dollar. The steep surge came a day after the unit plunged to near 88 per US dollar level during intraday on Monday, though the currency staged a dramatic rebound in the second half to end the session with gains at 87.45 against the ...

Ahead of Modi-Trump meet, rupee logs biggest single-day gain in 2 years

RBI likely to have sold $12 billion in past two sessions

Donald Trump tariffs roil markets: Equities crash, rupee flies high

The selloff wiped out ₹9.3 trillion in market value, extending the decline from recent peaks to nearly ₹70 trillion

Rupee depreciation may slow if inflation remains in control: CEA Nageswaran

Nageswaran attributed the rupee's current weakness to the prolonged strength of the US dollar, rather than any structural issues with India's economy

Rupee appreciates 61 paise to 86.84 against US dollar in early trade

The rupee gained 61 paise to 86.84 against the US dollar in early trade on Tuesday, after nearing closer to 88-level on Monday, amid high volatility as heightened trade war fears have created widespread economic uncertainty, significantly impacting global currency markets. The sharp depreciation in the rupee was driven primarily by the threats of reciprocal tariffs and additional protectionist measures that have strained global supply chains, deepening concerns over prolonged economic disruption, forex traders said. At the interbank foreign exchange, the rupee opened at 87.45 against the greenback, then touched 86.84 against the American currency in morning trade, registering a rise of 61 paise from its previous close. On Monday, the rupee plunged 45 paise and moved closer to the 88 per US dollar level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. "As USD/INR neared 88, the RBI ...

Rupee settles flat at 87.50 against dollar after inching close to 88-level

The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 (provisional) on suspected RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interbank foreign exchange, the rupee opened at 87.94 and touched an all-time intraday low of 87.95 against the American currency during the session. The local unit, however, pared the initial losses and finally settled on a flat note at 87.50 (provisional), unchanged over its previous close. On Friday, the rupee recovered 9 paise from its all-time low level to close at 87.50 against the US dollar. The rupee .

Rupee hits record low of 87.95 against US dollar in early trade today

The rupee depreciated 45 paise to hit a record low of 87.95 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities. Forex traders said the dollar index was quoted at 108 gained after President Donald Trump said he was said to impose new 25 per cent tariffs on all steel and aluminium imports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interbank foreign exchange, the rupee opened at 87.94 and slipped further to all-time low of 87.95 against the greenback in initial deals, a fall of 45 paise from its previous close. On Friday, the rupee recovered 9 paise from all-time low level to close at 87.50 against the US dollar. Rupee was expected to open weaker after RBI cut rates on Friday by 25 bps and was expected to cut another 25 bps in April to promote growth as inflation seemed to be showing a downwa

Monetary policy: A rate cut, and much more once the rupee stabilises

The RBI reduced its policy repo rate by 25 basis points (bps) to 6.5 per cent in the first rate cut since May 2020, when there had been a 40-bp reduction to 4 per cent amid Covid

Rupee sidesteps RBI rate cut to end higher, posts worst week in over 2 yrs

The Reserve Bank of India cut its key interest rate for the first time in nearly five years and signalled a less restrictive policy approach, seeking to provide stimulus to a sluggish economy

Rupee recovers 16 paise from all-time low level to 87.43 against dollar

The rupee recovered 16 paise from all-time low closing level to 87.43 against the US dollar in early trade on Friday, ahead of the Reserve Bank of India's monetary policy announcement. Forex traders said there is an overall negative bias in the rupee as market participants are projecting RBI to cut rates by 25 bps. While a rate cut could help ease some of the pressure by improving liquidity and attracting foreign investments, it would also lead to an increase in rupee supply, which could further weaken the currency and exacerbate depreciation pressures, they said. At the interbank foreign exchange, the rupee opened at 87.57 against the greenback, and touched 87.43 against the greenback in initial trade, registering a rise of 16 paise from its previous close. On Thursday, the rupee plunged 16 paise to close at an all-time low of 87.59 against the US dollar. "As long as the liquidity deficit persists, the rupee will remain under pressure. Additionally, the CRR cut is further weighin

Hedging, cost cut: India Inc takes cover as rupee plunges against dollar

Firms securing forex, cross-currency cover

Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday

At the end of November, the Reserve Bank of India (RBI) had a $59 billion short position in the forward market

Rupee plunges 14 paise to close at record low of 87.57 against dollar

Rupee plunged 14 paise to close at an all-time low of 87.57 (provisional) against the US dollar on Thursday, as rising odds of a rate cut by the Reserve Bank of India in its monetary policy meeting on Friday pressurised the rupee. Forex traders said the Indian rupee plunged to fresh record lows amid weak domestic markets and importer demand for dollars. Moreover, risk aversion in global markets amid ongoing uncertainty over US trade tariffs may further weigh on the rupee. At the interbank foreign exchange, the rupee opened at 87.54 and slipped further to an all-time intraday low of 87.60 against the greenback in initial deals. The domestic unit finally settled for the day at 87.57 (provisional) against the greenback, registering a plunge of 14 paise from its previous close. On Wednesday, the rupee plunged 36 paise to close at an all-time low of 87.43 against the US dollar. The local unit has lost over 2 per cent so far this year. The sharp drop in the domestic unit comes after ne

Rupee falls 14 paise to 87.57 against US dollar in early trade today

The rupee depreciated 14 paise to hit record low of 87.57 against the US dollar in early trade on Thursday weighed down by anticipation of an RBI rate cut and weak economic data. Forex traders said the Indian rupee opened on a weak note and made a fresh record low of 87.57 as market participants anticipated that the Reserve Bank of India (RBI) may slash interest rates on February 7, 2025. Moreover, the rupee continued to face pressure due to sustained foreign fund outflows and a negative trend in domestic equities amid weak risk appetite, they added. At the interbank foreign exchange, the rupee opened at 87.54 and slipped further to all-time low of 87.57 against the greenback in initial deals, a fall of 14 paise from its previous close. On Wednesday, the rupee plunged 36 paise to close at an all-time low of 87.43 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at ...