Page 49 - Indian Rupee

Rupee seen trading close to 85.80 per dollar by March end: BS Poll

Excessive intervention by the RBI could be counterproductive, particularly if other central banks allow their currencies to weaken, and could even affect rupee liquidity

Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in

Rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday

Rupee falls to new low of 85.27 as importers stock up dollar at month end

The local currency had settled at Rs 85.20 per dollar on Wednesday

Rupee plunges 12 paise to close at new all-time low of 85.27 against dollar

The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the US dollar on Thursday, amid a strong greenback and rising crude oil prices. Forex traders said, increased month-end as well as year-end dollar demand from importers and fear of an aggressive import tariff by the Donald Trump administration lifted the American currency. At the interbank foreign exchange, the rupee opened weak at 85.23 and touched the lowest-ever level of 85.28 against the greenback during intraday trade. The unit finally ended the session at its lifetime low closing level of 85.27 (provisional) against the dollar, registering a loss of 12 paise from its previous close. The rupee fell 4 paise to settle at 85.15 against the US dollar on Tuesday, a day after losing 9 paise on Monday. The forex market was closed on Wednesday for Christmas. According to Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, the rupee fell to a

Rupee falls 10 paise to hit new record low of 85.25 against US dollar

The rupee depreciated 10 paise to hit a new all-time low of 85.25 against the US dollar in early trade on Thursday, dragged down by the unabated outflow of foreign capital amid increased month-end demand of the American currency. Positive sentiment in domestic equity markets failed to support the Indian currency as the greenback index remained elevated while crude oil prices were on upward move, forex traders said. At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level. On Tuesday, the rupee fell 4 paise to settle at a record low of 85.15 against the US dollar. The forex markets were closed on Wednesday for Christmas. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.11 per cent but remained elevated at 107.90, amid soaring US ...

Rupee likely to stay near record lows as strong dollar, US yields weigh

Long term US yields are at multi-month highs, further boosting the greenback

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