Page 7 - Indian Rupee

Rupee rises 23 paise to 94.95 against US dollar during early trade

The rupee appreciated by 23 paise to 94.95 against the US dollar in early trade on Wednesday as Brent crude prices retreated from their elevated level after US President Donald Trump hinted at a possible deal with Iran. Forex traders said oil prices fell to USD 108 per barrel, as signs of easing geopolitical tensions in the Middle East offset the lingering supply concerns. At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.95, registering a gain of 23 paise from its previous low. The rupee was later trading at 95.10 against the greenback. On Tuesday, the rupee settled at 95.18 against the US dollar, after witnessing an all-time intraday low of 95.44 on Tuesday on possible RBI intervention after investors retreated from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which reignited supply chain fears. The rupee, which fell to its all-time low of 95.44 on Tuesday, gained this

Rupee hits record low of 95.43 per dollar as US-Iran strikes rattle markets

The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region. Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary. Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India. At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close. Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday. "With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying a

Rupee closes at new low of 95.09 vs US dollar amid crude price rise

The currency depreciated nearly 0.2 per cent on Monday to settle at new closing low of 95.09 against the US dollar

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

Rupee falls 11 paise to 94.95 against US dollar amid West Asia crisis

The rupee depreciated 11 paise to 94.95 against the US dollar in early trade on Monday as the ongoing tensions in the Middle East continue to keep markets on edge. Forex traders said Brent oil is hovering near USD 108, maintaining pressure on oil-importing economies like India. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee touched 94.95 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Thursday, the rupee had settled at 94.84 against the American currency. Stock exchanges and currency markets were closed on Friday on account of Maharashtra Day. "The ongoing tensions in the Middle East continue to keep markets on edge. On one side, US President Donald Trump hinted that Tehran's peace proposal may not be enough, keeping uncertainty alive. That's one reason why Brent crude is hovering near USD 10

Record low rupee may end India's cheap-money era, force RBI policy shift

Rupee weakness amid global turmoil and capital outflows may limit RBI's policy stance, raising risks of rate hikes as inflation, currency pressure and external shocks reshape India's monetary outlook

Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7%

Currency weakens amid crude oil surge and West Asia tensions; RBI forward book deficit and rising bond yields add to pressure on the rupee

BSE Small, Midcap indices set to post best monthly rally in 12 years

Among 1,262 stocks from the BSE Smallcap index, over half, or 734 stocks, outperformed in April by recording more than 20 per cent return, data shows.

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook

Rupee slips below 95/$ as FII outflows, oil keep pressure on; US Fed weighs

The Indian rupee started the session flat at 95.02/$, down 17 points or 0.18 per cent compared with Wednesday's close of 94.85/$

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

Rupee falls 0.3% to record closing low of 94.8450 amid oil price surge

The currency has drifted back toward record lows as the impact of central banks' rupee supportive measures faded, with concerns over India's exposure to higher energy prices weighing on sentiment

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day

Rupee falls 13 paise to 94.81 against US dollar during early trade

The rupee depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some ground and touched 94.81 against the US dollar in initial trade, registering a fall of 13 paise over its previous close. On Tuesday, the rupee depreciated 53 paise to close at 94.68 against the US dollar. "The oil is above USD 111 with no resolution to the US-Iran crisis, although the unilateral ceasefire of the US continues and Iran also showing resilience, but the non-passage of ships from the Strait

Govt fixes OCI card application fee at $275, scraps 6-mth stay rule

The government has fixed the application fee for the Overseas Citizen of India (OCI) card at USD 275, payable in equivalent Indian rupees for applications in India or local currency when applying through Indian missions abroad, officials said Tuesday. A fee of USD 25 will be charged for reissuance of an OCI card with a change of particulars, reissuance when the cardholder turns 20 years of age, and for renunciation of the OCI card. Reissuance in case of loss of the card will attract a USD 100 fee, according to a post on X by the Bureau of Immigration. Now, the fee for fresh OCI cards will be USD 275, payable in the equivalent local currency where the application is made -- in rupees for applications filed within India, officials said. Earlier, eligible applicants had to pay Rs 15,000 for an OCI card when applying from India. The Home Ministry has also introduced several changes to the OCI application process. The earlier mandatory requirement of a six-month continuous stay in India

Rupee weakens, bond yields harden tracking rise in crude oil prices

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Rupee declines 24 paise to 94.39 against US dollar in early trade

The rupee depreciated 24 paise to 94.39 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets. Forex traders said Brent oil continued to move higher at USD 109 per barrel, keeping India's position vulnerable. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 94.35 against the US dollar, then lost some ground and touched 94.39 against the US dollar in initial trade, registering a fall of 24 paise over its previous close. On Monday, the rupee had settled at 94.15 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.49. Brent crude, the global oil benchmark, was trading higher by 0.99 per cent at USD 109.30 per barrel in futures ...

Free float theory falters as capital flows drive rupee volatility

India's current account deficit (CAD) is modest, but portfolio flows and oil price volatility mean the rupee is driven more by sentiment and positioning than by exports and imports

Rupee falls 11 paise to 94.27 against US dollar on safe haven demand

The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets. Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions. Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty. At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.0