Rupee

RBI bears hedging costs: Banks may offer 100 bps more on FCNR(B) deposits

RBI to bear hedging costs on FCNR(B) deposits till Sept 2026, aiming to boost NRI inflows and support the rupee amid weak capital flows

Bond yields seen range-bound as RBI prioritises stability: Abakkus MF

In the bond market, the pause combined with a cautious undertone suggests that yields are likely to remain range-bound in the near term, albeit with a discernible upward bias as inflation risks build.

'RBI policy pause supports growth; balanced response to currency weakness'

Sarvjit Singh Samra of Capital Small Finance Bank said that RBI MPC has appropriately refrained from deploying interest rates as a tool to counter the recent weakness in the rupee.

RBI's external sector reforms to boost rupee, forex reserves: JM Fin AMC

The classical conundrum faced by RBI as it navigates through a complex set of variables appears to be of managing the currency, economic growth, and inflation, said Killol Pandya

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

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 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

FPIs pull out nearly ₹33,000 crore from equities in May on weaker rupee

Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 32,963 crore in May due to weak earnings growth, rupee depreciation and more attractive opportunities in other markets. With this, the total outflow by Foreign Portfolio Investors (FPIs) from the equity market has reached Rs 2.25 lakh crore in 2026, which is higher than the Rs 1.66 lakh crore pulled out during the entire 2025, according to data with the NSDL. FPIs were net sellers in all months of 2026, except February. They withdrew Rs 35,962 crore in January before turning net buyers in February, when they invested Rs 22,615 crore, the highest monthly inflow in 17 months. However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflows of Rs 60,847 crore and extended into May with withdrawals of nearly Rs 33,000 crore. FPIs have been selling Indian equities due to a combination of weak earnings growth, rupee ..

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

Companies face tougher investor scrutiny as rupee hits record lows

The rupee has lost about 10 per cent against the dollar over the past 12 months, the worst performance among Asian currencies

Rupee rises 5 paise to 95.53/$ on potential US-Iran ceasefire deal

The rupee rose 5 paise to 95.53 against the US dollar in early trade on Friday, after the US and Iran reached an understanding to extend the ceasefire for another 60 days. Forex traders said the agreement is expected to keep trade flowing through the strategic Strait of Hormuz while both countries continue negotiations around Iran's nuclear program. At the interbank foreign exchange market, the rupee opened at 95.77 against the US dollar, then gained ground and touched 95.53 in early trade, up 5 paise from its previous close. In initial trade the rupee also touched 95.78 against the American currency. On Wednesday, the rupee settled higher by 12 paise at 95.58 against the US dollar. Domestic equity and forex markets were closed on Thursday on account of Eid-ul-Azha. US and Iranian negotiators reached a tentative agreement on Thursday to extend the ceasefire in the three-month-old war by 60 days. "For markets, this mattered because it reduced immediate fears of fresh disruption in

RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao

Former RBI Governor Duvvuri Subbarao has said the central bank must allow some more depreciation in the rupee to help absorb external pressures, and choose liquidity measures, rather than going for rate hikes, if inflation risks intensify. In comments that come days ahead of the second meeting of the rate setting panel for FY27, Subbarao said the monetary policy should be used as a "last resort" to defend the exchange rate. "RBI may of course tighten monetary policy if it believes that to be justified by inflation concerns," Subbarao, who served as the RBI governor between 2008 and 2013, said. "The rupee should be allowed to adjust rather than be rigidly defended because the current pressures reflect a deterioration in India's external balance. A weaker rupee acts as a natural shock absorber," former RBI chief told PTI in an interview. The local currency has been depreciating due to geopolitical uncertainty and the West Asia crisis and touched a lifetime low of 97.15 against the US

Rupee falls 8 paise to 95.78 against US dollar in early trade on oil prices

The rupee slipped 8 paise to 95.78 against US dollar in early trade on Wednesday on elevated crude oil prices as fresh US strikes dampened optimism for an imminent US-Iran peace deal. Forex traders said escalating US-Iran conflict is again boosting safe-haven demand for the dollar. Moreover, Brent oil remained well bid at USD 98 levels as risk aversion, geopolitical risk and war clouds in West Asia kept it higher. At the interbank foreign exchange market, the rupee opened on a positive note at 95.60, but soon pared the gains and fell to 95.78 against the American currency, registering a fall of 8 paise from its previous close. On Tuesday, the rupee depreciated 44 paise to close at 95.70 against the US dollar. "The rupee slipped after crude oil prices rebounded as hopes of an immediate USIran peace deal faded slightly. Reports of renewed US strikes on Iran and delays in negotiations kept markets cautious, even though investors still believe a broader resolution remains possible," C

India's policy mix needs a rethink on capital flows and rupee stability

One root cause of rupee weakness is distortions that deter capital flows

Rupee declines 17 paise to 95.43 against US dollar in early trade

The rupee fell 17 paise to 95.43 against US dollar in early trade on Tuesday, as month-end dollar demand and elevated crude oil prices weighed on investor sentiments. Forex traders said the broader pressure on the rupee is likely to continue as long as geopolitical tensions remain elevated. Moreover, RBI measures and liquidity support may help provide temporary relief and contain volatility in the near term, they said. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, down 17 paise from its previous close. On Monday, the rupee gained 34 paise to close at 95.26 against the US dollar with the RBI selling dollars and keeping the rupee well bid at all upper levels. Meanwhile, Brent oil prices rose after they touched USD 93 per barrel with reports of fresh attacks against Iran offsetting hopes of a deal to reopen Strait of Hormuz. US President Donald Trump on Monday said negotiations with Iran to end the war were progressing "nicely", but offici

A wrong tool for the rupee and serious side effects on growth prospects

A stable rupee also lowers the currency-risk premium FPIs demand, reducing both required returns and inflation risk

Hormuz hopes: Crude oil cools, sparks relief rally in rupee, D-St

The Sensex ended at 76,489, up 1,074 points or 1.4 per cent, while the Nifty closed at 24,032, gaining 312 points or 1.3 per cent

Should you buy bonds? Axis MF sees near-term rally if RBI avoids tightening

Axis MF advises bond investors to gradually add Duration as RBI may avoid aggressive rate hikes despite oil risks and inflation concerns