Rupee

RBI scrutinises methods banks use for unwinding rupee arbitrage trades

Following the central bank's measures, the rupee has recovered from near 95.20 per US dollar to near 92.50, before paring its rally on Monday

Rupee falls 49 paise to 93.32 against dollar in early trade amid Iran war

The rupee depreciated 49 paise to 93.32 against the US dollar in early trade on Monday, weighed down by higher crude oil prices and a firm American currency amid a volatile geopolitical situation. Renewed tension in West Asia and uncertainties on the opening of the Strait of Hormuz following inconclusive Iran-US peace talks triggered a surge in crude oil prices, while investors rushed to withdraw funds from domestic equities, putting further pressure on the Indian currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and lost further ground, trading at 93.32 against the greenback in early deals, down 49 paise from its previous closing level. On Friday, the rupee settled 32 paise lower at 92.83 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was higher by 0.38 per cent at 98.81. Brent crude, the global oil benchmark, was trading higher by 7

TCS, Infosys: Nifty IT falls 3% in rising market: Key reasons explained

Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent

RBI to push for reporting of offshore rupee trades despite resistance

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027

Biggest currency clampdown in a decade risks backfiring for India

Jefferies estimates banks could face losses of up to ₹5,000 crore ($539 million) from the forced unwinding

Rupee rises to 92.41 against dollar, faces risks from West Asia tensions

The rupee appreciated 10 paise to 92.41 against the US dollar in early trade on Friday, even as the USD/INR pair faces risks from rising global tensions, especially the US-Iran conflict. Forex traders said the rupee is likely to see high volatility intra-day as the deadline for RBI's instructions to banks to curb their overnight positions to USD 100 million closes today. At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade, registering a gain of 10 paise over its previous close. On Thursday, the rupee settled with a marginal gain of 3 paise at 92.51 against the US dollar. "An estimated 8085 per cent of these positions have already been unwound, which means the bulk of this supportive flow is now behind us. In simple terms, the cushion that held the rupee steady is beginning to thin, and this is where the story starts to shift," CR Forex Advisors MD Amit Pabari said. Pabar

Banks exit bulk of rupee arbitrage positions ahead of RBI deadline

RBI imposed limits on banks on ‌March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10

Iran shock shows India's external vulnerability, tests growth ambitions

The truly unsettling element in the scenario has been the fall in the exchange rate of the rupee. The fall predates the Iran conflict

Rupee snaps 5-day rally; bond yields rise on crude, US yield surge

Currency weakens and government bond yields rise as crude oil prices and US Treasury yields climb amid geopolitical tensions in West Asia

Rupee falls 0.1% as West Asia truce pushes oil higher, dents stocks, bonds

Rupee slips to 92.65 per dollar as oil prices jump on Middle East tensions, dragging equities and bonds while foreign outflows and weak sentiment add pressure

Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline

The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers

Rupee to stabilise at 92-93 as inflows improve, says EAC-PM chairman

Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States and Iran, and the withdrawal of foreign institutional investors (FII). His remarks come after a temporary ceasefire between the US and Iran has helped calm global markets, easing fears of supply disruptions in the oil market and reducing volatility in currencies, including the Rupee. "Rupee is stabilising at 92-93. Because of global war-related headwinds and FII withdrawals, there was pressure. But despite these odds, Rupee will stabilise at these levels. One should not worry," Dev said on the sidelines of the ..

Rupee extends rally, forward premiums slump as oil dives on ceasefire

The one-year implied rate on the dollar/rupee forward fell 22 basis points to 3.08 per cent

Rupee surges to 92.56 against dollar in early trade after US-Iran ceasefire

The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, with the RBI deadline still in place till the 10th of April (regarding squaring of positions taken overnight up to USD 100 million) while the RBI announces its monetary policy today at 10 am. At the interbank foreign exchange market, the rupee opened at 92.92 against the US dollar, then gained ground to touch 92.56 against the US dollar in initial trade, registering a gain of 50 paise over its previous close. On Tuesday, the rupee had settled at 93.06 against the American currency. Attention now shifts to the RBI

Bond yields slump, rupee strengthens ahead of RBI's monetary policy outcome

Cooling crude prices after a US-Iran ceasefire lifted sentiment, pulling down yields and supporting the rupee ahead of the Reserve Bank of India's policy decision

Iran ceasefire offers major boost to rupee ahead of RBI policy; oil plunges

The rupee is likely to open ‌in the 92.40-92.50 range versus the US dollar, having settled at 93.0075 on Tuesday

Banks unwind 75% forex bets as RBI deadline nears; rupee, bonds gain

Rupee, bonds gain ahead of central bank's policy review outcome on Wednesday

RBI set to hold rates while confronting weak rupee amid West Asia conflict

RBI now faces a dilemma over whether to raise interest rates to support the currency or keep borrowing costs low to cushion economic growth

Rupee set to rise on spillover of RBI curbs; oil, outflows temper sentiment

The rupee is likely to ‌open in the 92.80-92.90 range versus the US dollar, having settled at 93.10 on Thursday

Invest in gold, global funds to cushion portfolio against fall in rupee

Holding gold and global assets can help Indian investors hedge against rupee depreciation, manage inflation risks, and meet dollar-denominated goals such as overseas education and travel