Page 13 - Rupee

Rupee opens 130 paise higher after RBI curbs NDF trades, caps speculation

The Indian rupee opened 130 paise higher at 93.53 per dollar on April 2 after the RBI introduced fresh measures, including a ban on NDF trades, to curb forex speculation and stabilise the currency

RBI trading ban jolts India's $149 billion-a-day offshore rupee market

RBI has rolled out some of its toughest measures in more than a decade to curb speculation and support the currency, which has been setting successive record lows this year

RBI bars banks from offering NDF contracts to corporates to stabilise rupee

RBI restricts banks from offering NDF contracts to corporates to curb speculation and stabilise the rupee amid sharp currency volatility

Rupee set for more chaos as banks unwind $30 billion in arbitrage trades

RBI's clampdown on rupee trades sparks market panic, volatility spikes, and banks scramble to unwind billions in arbitrage positions

Rupee slips past 95 per dollar; benchmark bond yield exceeds 7%

The rupee eventually settled at 94.81 per dollar on the final trading day of the 2025-26 financial year, little changed from Friday's close

Rupee posts worst fall in 12 years in FY26; bond yields rise sharply

Rupee falls 9.85% in FY26 amid foreign outflows and West Asia crisis, while bond yields rise despite rate cuts due to supply pressures and global uncertainties

FM Sitharaman vs Opposition | Massive uproar in Lok Sabha over falling rupee

A heated debate broke out in the Lok Sabha as Opposition MPs clashed with Union Finance Minister Nirmala Sitharaman over the sharp decline of the Indian rupee against the US dollar.

RBI's $100-million NOP cap: Clipping speculative wings, not growth

RBI steps in as rupee nears 95/$. Banks now capped at $100 million FX exposure to curb speculation. Will this stabilise the rupee -- or tighten liquidity? Here's what it means

RBI's move a stern warning to curb INR speculation: Abhishek Goenka

RBI has drawn a line in the sand on rupee volatility. With NOP caps, arbitrage unwinding, and possible FCNR moves - the central bank is stepping in decisively. But will it be enough>

RBI's boldest currency move in years brings rupee only brief relief

The intervention underscores the RBI's shrinking flexibility, as foreign-exchange reserves have shrunk in the first three weeks of March amid efforts to defend the rupee following the Iran conflict

RBI's FX clampdown: Temporary relief for Rupee, not a trend reversal

Rupee hits record low of 94.85 amid oil price surge, FPI outflows and RBI actions. Key factors driving INR weakness and outlook explained.

RBI's move to cap NOP in forex a structural shift in managing currency risk

RBI's NOP cap may support the rupee via dollar unwinding, but rising crude oil prices and global risks could limit gains. USD-INR seen in 92.50-96 range.

Rupee opens 125 paise higher as RBI clamps down on speculative bets

The move follows the RBI's March 27 directive, issued after market hours, capping the open positions that banks can hold in the onshore currency market at $100 million at the end of each trading day

RBI forces banks to unwind rupee bets, squeezing short sellers amid crisis

Late Friday, the RBI announced new rules capping the open positions banks can hold in the onshore currency market at $100 million at the end of each trading day

RBI curbs on rupee positions may force unwinding of arbitrage bets

The rupee has hit a string of all-time lows and is down about 4.2 per cent this month, its worst decline in over seven years, sliding to 94.84 versus the US dollar on Friday

Rupee down over 4% since West Asia war began; bond yield near 2-year high

The rupee hit a record low and bond yields surged amid foreign outflows, elevated crude prices and fiscal concerns following excise duty cuts on fuel

Rupee tanks 86 paise to settle at fresh all-time low of 94.82 vs US dollar

The rupee tanked 86 paise to close at yet another all-time low of 94.82 (provisional) against the US dollar on Friday, weighed down by elevated oil prices and a stronger greenback amid uncertainties over the West Asia conflict. A sharp decline in the domestic equity markets and sustained FII outflows put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 94.18 and breached the 94.50-mark for the first time before closing at 94.82 (provisional) against the US dollar, down 86 paise from its previous close. The rupee slumped 20 paise to close at a record low of 93.96 against the US dollar on Wednesday. Stock, forex, commodity, and bullion markets remained closed on Thursday on account of Ram Navami. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at 100. Brent crude, the global oil benchmark, was trading at USD 109.8 per barrel, up 0.53 per

Rupee hits all-time low of 94.70 against US dollar amid global tensions

The rupee breached the 94.50-mark for the first time against the US dollar during intra-day trade on Friday and hit a record low of 94.56, weighed down by elevated oil prices and a stronger greenback amid no breakthrough in the West Asia conflict. A sharp decline in the domestic equity markets and sustained FII outflows put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 94.18 and kept sliding to hit 94.56 against the US dollar during intra-day trade, down 60 paise from its previous close. The rupee slumped 20 paise to close at a record low of 93.96 against the US dollar on Wednesday. Stock, forex, commodity, and bullion markets remained closed on Thursday on account of Ram Navami. "With consistent buying from oil companies, the rupee breached 94.50 with exporters holding their inflows, while importers buy dollars for their payables," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury

West Asia war spillover may push rupee past 98/$, hit stocks: Bernstein

If the conflict lasts much of 2026, the repercussions could be 'catastrophic', Bernstein analysts said, citing supply risks, double-digit inflation and economic growth in the 2%-3% range

RBI steps in as past intervention flows pressure rupee near record lows

The likely intervention via state-run banks helped the currency hold above its record low of 93.98 per dollar to last quote at 93.96, down 0.1 per cent on the day