Page 5 - Indian Rupee

RBI's latest measures may have steadied rupee, but risks far from over

RBI's incentives may attract short-term foreign inflows and ease pressure on the rupee, but they do little to address weak FDI and sustained foreign investor outflows

Rupee defence lifts RBI's net short dollar book past $110 billion mark

RBI ramped up its interventions after the rupee weakened to a record low on May 20, almost hitting the 97 per dollar mark

What steps India has taken to stem dollar outflows, support rupee

A surge in oil prices following the Iran ​conflict and selling of Indian stocks by foreign investors are likely to widen ​the BoP deficit this financial year

Goldman Sachs sees rupee weakness capped after RBI's steps to boost inflows

Goldman's comments hold significance as the rupee fell to a new low of 96.9650 per dollar last month amid a surge in global crude prices and record overseas outflows from equities

Rupee declines 17 paise to 95.35 against US dollar in early trade

Rupee fell 17 paise to 95.35 against US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market amid strong US economic data and continuing geopolitical uncertainty. Forex traders said elevated Brent crude prices dented investor sentiments. Crude oil prices surged after Iran launched multiple rounds of missiles toward Israel, raising concerns about the stability of the region and the durability of ceasefire efforts. Investors are also monitoring developments in West Asia and awaiting key economic data from the US, which could set the path for fresh clues from the US Federal Reserve on interest rate path, they said. At the interbank foreign exchange market, the rupee opened at 95.35 against the US dollar, down 17 paise from its previous close. On Friday, the rupee appreciated 56 paise to close at 95.18 against the US dollar, marking its strongest single-day gain in almost two months, after the Reserve Bank announced measures to

BS Poll: Rupee may stay under 95 against the dollar till September

The local currency settled at 94.94 per dollar, the highest since May 8, against the previous close of 95.79 per dollar

Capital flows can support the rupee, but exports must sustain its strength

Tax breaks and RBI measures may attract foreign funds and support the rupee, but lasting currency strength depends on exports, FDI and competitiveness

Withdrawal of taxes on FPI investment in Gsec: The final frontier?

The important question is whether or not there will there be an about turn in the flow of funds in the debt segment? This is something which will be tested in the coming months.

Central bank preparing for external stress, a theme to prevail in FY27

It is the behaviour of a central bank preparing for a period of external stress, said Sujan Hajra, chief economist and executive director, Anand Rathi Group

Rupee jumps 50 paise to 95.24/$ after RBI eases FPI investment norms

The rupee appreciated 50 paise to 95.24 against the US dollar on Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide sufficient buffer against external shocks. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.24 in intraday trade, registering a rise of 50 paise from its previous close. On Thursday, the rupee rose 2 paise to settle at 95.74 against the US dollar. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or rep

How India can halt capital flight as trade deficit widens, rupee falls

With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows

Rupee depreciation: India's GDP, per capita GDP could shrink in dollars

Rupee fall to show shrunk FY26 GDP in dollars

Govt's rupee support measures likely to give RBI room to hold rates for now

Inflation pressures triggered by an energy price shock means the RBI will likely adopt a hawkish stance and prepare markets for potential rate hikes later this year, economists have said

Rupee falls 28 paise to 95.64 against US dollar during early trade

The rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Wednesday, after the US Trade Representative proposed 12.5 per cent additional duties on India and 53 other countries over forced labour import violations. Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched 95.64 in early trade, down 28 paise from its previous close. On Tuesday, the rupee depreciated 17 paise to close at 95.36 against the US dollar. The US Trade Representative has proposed imposing 12.5 per cent additional duties on 54 countries, including India, for failing to prohibit the import of goods produced with forced labour. The action follows investigations launched against 60 countries over what the USTR described as their failure to impose and effectively enforce bans on imports made wi

Rupee weakness unlikely to trigger RBI rate hike; inflation in focus

Economists expect the RBI to keep rates unchanged and rely on intervention and regulatory measures to manage rupee volatility while maintaining focus on inflation

Rupee rises 16 paise to 95.03 against US dollar during early trade

The rupee appreciated 16 paise to 95.03 against US dollar in early trade on Tuesday, as the market weighed India's strong domestic fundamentals against ongoing geopolitical uncertainty. Forex traders said the USD/INR pair opened on a positive note this morning on a slight risk off sentiment. However, the uncertainty surrounding West Asia continues to cast a shadow over financial markets and energy prices. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched 95.03 in early trade, up 16 paise from its previous close. On Monday, the rupee depreciated 34 paise to close at 95.19 against the US dollar. Market participants are now turning their attention to two key events closer to home -- the RBI policy decision scheduled for June 5, the second event is the ongoing trade dialogue between India and the United States, CR Forex Advisors MD Amit Pabari said. A US delegation led by Assistant US Trade Representative Brendan Lynch will begin .

Rupee falls 9 paise to 94.94 against US dollar during early trade

The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz. At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering a fall of 9 paise from its previous close. In initial trade, the rupee also touched 94.75 against the American currency. On Friday, the rupee appreciated 73 paise to close at 94.85 against the US dollar on suspected interventions by the RBI. "The rupee closed at a high as RBI was present in the market selling dollars ensuring that it did not cross 96.00 levels again. Though there were outflo

RBI MPC meet: Amid inflation, growth concerns, rate hike can wait for now

Inflation will rise in the second half of the year. Growth, too, will falter. It's time to explore other options

Mini crisis, self-inflicted: Policy missteps leave the rupee under pressure

India's forex stress reflects delayed reforms, weak capital inflows and a widening current-account deficit, underscoring the need to attract long-term investment

Rupee logs sharpest gain in 2 months; best-performing Asian currency

The rupee rose sharply on lower crude oil prices and likely RBI intervention, even as India's foreign exchange reserves fell to their lowest level in over a year