The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness
While the rupee has been hovering near record low for the past week, the volatility remains low on likely intervention by the Reserve Bank of India (RBI), said dealers
Experts weigh in on the dollar's surge against rupee, what it means for Indian investors, and whether to book profits now or hold
Doing so is crucial for those who have dollar-denominated goals, like a child's education abroad
The central bank has unwound $37 billion in forward-dollar shorts since February, allowing maturities to lapse and rebalancing exposure as it manages rupee volatility and liquidity
The rupee depreciated 3.7 per cent in H1FY26, hitting new lows on US tariffs, foreign outflows and crude prices, while government bond yields swung on RBI policy shifts
The rupee closed at 88.76 per dollar, weighed by foreign outflows and corporate demand, even as RBI intervention capped losses; bond yields rose on higher borrowing
The rupee fell to 88.13 per dollar after the US Fed's hawkish 25 bps cut, ending a four-day rally, as bond yields rose on selling by dealers and supply-demand mismatch
The rupee gained in early trade on strong equities and trimmed offshore positions but settled at 88.16 a dollar as importer demand offset support from economic data
The Reserve Bank's short dollar position has declined for four consecutive months, down from its February peak of $88 billion
The rupee fell to its lowest level since March 13 as importer dollar demand, trade deal uncertainty, and foreign outflows weighed on sentiment amid RBI liquidity measures
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains
Overnight rates climbed after RBI's VRRR auction while the rupee gained 1.3 per cent during the week, marking its strongest performance since January 2023
RBI direction on currency futures is said to be the reason for the trend in contracts
Reduction in the offshore exposure accounts for most of the recent drop in the RBI's overall forward dollar positions
The local currency has appreciated by 0.1 per cent against the dollar in the current financial year so far, whereas, in the current calendar year so far, it has witnessed 0.3 per cent appreciation
The rupee gained as the dollar index fell, but pared gains to close at 85.09 per dollar amid likely dollar buys by the RBI through state-run banks
Rupee falls to 86/$ for the first time since April 11 amid equity outflows and stop-loss orders, while bond yields ease on expectations of RBI's surplus transfer