Page 3 - Rupee Vs Dollar

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 falls after three-day rally amid spike in crude oil prices

The rupee weakened against the dollar as crude oil prices surged following fresh US strikes on Iran and concerns over disruptions in the Strait of Hormuz

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

Rupee rises 40 paise to 95.20 against US dollar on hopes of Iran peace deal

The rupee appreciated 40 paise to 95.20 against US dollar in early trade on Monday on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz. Forex traders said the rupee opened on a positive note as the US and Iran have "largely negotiated" a peace pact to end the nearly three-month war. US President Donald Trump has told the negotiators "not to rush into a deal" and that "both sides must take their time and get it right". Moreover, US Secretary of State Marco Rubio said the US and India are on the verge of finalising an interim trade agreement after progress in negotiations with the US Trade Representative to visit India very soon. At the interbank foreign exchange market, the rupee opened at 95.36 against the US dollar, then touched 95.20 in early trade, up 40 paise from its previous close. On Friday, the rupee rose 75 paise to close at 95.60 against the US dollar. "The trad

Statsguru: Rupee woes signal renewed stress on external accounts

The rupee's slide past 95 per dollar reflects renewed stress on India's external accounts amid rising trade deficits and forex outflows

Weekly economy wrap: Fuel price hikes, rupee slide add to CAD pressure

From fuel hikes to a record RBI dividend, the week ending May 24 showed how global oil, imports, heatwaves and policy buffers are shaping India's macro outlook

Rupee rises 18 paise to 96.18 against US dollar on RBI intervention

The rupee rose 18 paise to 96.18 against the US dollar in early trade on Friday, on slight cooling in crude oil prices, tentative signs of easing geopolitical tensions, and active RBI intervention in the market. Forex traders said markets found some comfort after comments from US Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction. Although Rubio warned that he does not want to be "overly optimistic," the comments were enough to calm markets temporarily. As a result, Brent crude oil cooled near the USD 104 mark, reducing immediate pressure on the rupee, traders said. At the interbank foreign exchange market, the rupee opened at 96.30 against the US dollar, then touched 96.18 in early trade, up 18 paise from its previous close. On Thursday, the rupee rebounded 50 paise from its all-time closing low to settle at 96.36 against the US dollar. "Another major reason behind the rupee's recovery is growing confi

Rupee snaps 9-day losing streak to emerge as best-performing Asian currency

The rupee ended a nine-day losing streak on Thursday, aided by RBI intervention in the NDF market and easing crude oil prices

Rupee recovers to 96.43 after hitting 100/USD in 1-year forward market

The rupee recovered 41 paise from its all-time closing low to 96.45 against US dollar in early trade on Thursday, after US President Donald Trump indicated that negotiations with Iran were entering the final stages. Investors are still gauging the geopolitical risk and oil price sensitivity in the background with any flare-up in the Middle East tensions or spikes in crude, forex traders said. At the interbank foreign exchange market, the rupee opened at 96.25 against the US dollar, then touched 96.45 in early trade, up 41 paise from its all-time lifetime low of 96.86 against the US dollar on Wednesday. On Wednesday, the rupee made a new low of 96.95 and later closed at 96.86 which was also a new closing low as demand for dollars continued with dollar index higher and crude oil prices remaining on the higher side near to USD 110 during the day. "From a technical perspective, the 97.00 zone is expected to act as an immediate resistance area for USDINR, while support may emerge around

India's shrinking bond yield cushion: Why the US-India spread matters

India's 10-year bond yield premium over the US has narrowed to around 250 basis points, well below its decade average. But does that mean RBI will cut rates? Let's find out

Rupee touches fresh low, nears 97/$ as RBI unveils $5 bn buy-sell swap

The 30-year US bond yield hit the highest level since 2007 on inflation concerns

Rupee hits record low of 96.96/$ on oil, US Treasury yield strain

The rupee slid to ‌96.96 per dollar, breaching its previous record low of 96.6150 hit in the prior session, and ended the day at 96.82

Global investors expect rupee to weaken further with 100 in sight

The rupee was already under pressure before the West Asia conflict began, weighed down by widening external balances and foreign fund outflows

Rupee hits fresh record low of 96.90 against US dollar in early trade

The rupee depreciated 20 paise to an all-time low of 96.90 against the US dollar in early trade on Wednesday weighed down by a strong dollar and elevated crude oil prices amid simmering Iran-US tensions. Forex traders said the outflow by FIIs and decline in equity benchmark indices also pressured the rupee. At the interbank foreign exchange market, the rupee opened at 96.89 against the US dollar, then slipped further to 96.90, registering a fall of 20 paise from its previous close. On Tuesday, the Indian rupee slumped for the eighth consecutive session and ended 50 paise down at its record low of 96.70 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.262, up 0.01 per cent. Brent crude, the global oil benchmark, was trading down 0.35 per cent USD 110.59 per barrel in futures trade. On the domestic equity market front, Sensex tanked 517.11 points to 74,667.51 in early trade while Nifty .

Rupee slips to lifetime low of 96.44 against US dollar as oil prices rise

The rupee opened with a negative bias amid a strong dollar and rising US treasury yields and depreciated 18 paise to 96.38 against the US dollar as market sentiments continue to dampen amid simmering tensions between the US and Iran. Forex traders said rupee remains vulnerable to the rise in crude oil prices as also the closure of the Strait of Hormuz hampering its exports and imports to the Gulf countries. At the interbank foreign exchange market, the rupee opened at 96.38 against the US dollar, registering a fall of 18 paise from its previous close. On Monday, the Indian rupee weakened further and closed at a record low of 96.20 against the US dollar. "The market's biggest challenge right now is not just direction -- it's confidence. Until there is visible cooling in global tensions and stability in foreign flows, the rupee may continue trading under pressure with volatility staying elevated," CR Forex Advisors MD Amit Pabari said. Pabari further added that technically, 94.8095.

Explained: What is Balance of Payments and how does it affect the rupee?

As oil and gold imports raise dollar demand, terms such as BoP, current account deficit and forex reserves are back in focus. Here is why they matter for the rupee

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

At a fresh low: Rupee slips past 96 on stronger US dollar index

SBI report says another ₹2 depreciation wipe out oil co's gain; Bond yields harden after fuel price hike