Page 2 - Rupee

Rupee slides 9 p to record low of 90.87 against US dollar in early trade

The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal. However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade. The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. "The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clou

Nepal allows high-value Indian notes after decade-long ban, sets ₹25K limit

Nepal has eased restrictions on carrying high-denomination Indian currency in the Himalayan nation, ending a decade-long ban, according to an official statement. Individuals can hold Indian banknotes of Rs 200 and Rs 500 up to a maximum limit of INR 25,000 per person. The decision was made during Monday's cabinet meeting, according to cabinet sources. Under the revised provision, both Nepali and Indian citizens may bring the higher denomination bank notes into Nepal from India or carry them from Nepal to India. The Cabinet decision on Monday follows amendments by the Reserve Bank of India to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. The amendment permits Indian, Nepali and Bhutanese nationals to carry higher-denomination Indian currency while travelling to and from India. According to Nepal Rastra Bank (NRB) spokesperson Guru Prasad Paudel, once the government decision is published in Nepal gazette, NRB will issue a circular to this effect

Rupee falls 9 paise to all-time low of 90.58 against dollar in early trade

Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front. At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close. On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35. Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade. On the domestic equity market front, the 30-share bench

Rupee at record low reflects failure of BJP's economic claims: Akhilesh

Samajwadi Party president Akhilesh Yadav on Sunday alleged that the rupee hitting a record low against the US dollar exposed the falsity of the BJP-led government's claims on the state of the economy. In a post on X, Yadav said the sharp weakening of the rupee was proof that all figures and assertions being made by the BJP government regarding economic strength were "completely false and fabricated." "The rupee becoming the weakest against the dollar in history shows that all the data and claims made by the BJP government about the economy are entirely untrue and concocted," he said. The former Uttar Pradesh chief minister alleged that the ruling party could not deny its responsibility for the situation, asserting that the fall in the rupee was a result of a "weak and failed government." The party chief added, "The BJP cannot deny that this is happening because of an extremely weak and unsuccessful government. The unique economic formula linking the fall of the rupee with the ...

Nepal likely to soon allow Indian notes above ₹100, easing travel, tourism

Nearly 10 years after high-denomination notes were banned, Nepal plans to allow Indian notes above ₹100, easing travel for workers, students, pilgrims and tourists, and smoothing trade

Rupee hits new low on weak sentiment amid US trade deal uncertainty

The currency, Asia's worst performer in 2025, saw mild RBI intervention as FPIs sold over ₹14,000 crore in equities this month

Rupee hits new low of 90.56/$ on trade deal impasse; near-term pain seen

So far this month, the Rupee has fallen 1.15 per cent, while in the calendar year 2025, the unit is down 5.7 per cent, the worst among its Asian peers

Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis

The seeds of the Fragile-Five debacle were sown by the Reserve Bank of India buckling under political pressure and cutting rates in 2012 amid soaring fiscal deficits and untamed inflation

Rupee hits fresh low on outflows and US trade deal delay; bond yields ease

Rupee depreciated to a fresh all-time low as foreign outflows and uncertainty over the US-India trade deal pressured sentiment, while an RBI OMO purchase auction helped soften government bond yields

Rupee gains on exporter dollar sales, foreign inflows; best in Asia Tuesday

The rupee strengthened to 89.88 per dollar on exporter dollar sales and foreign inflows, leading Asian peers on Tuesday, though analysts said structural demand-supply pressures persist

What’s dragging Indian stocks to their worst global ranking in 3 decades?

Indian equities are having their worst year against global peers in over three decades. As foreign money exits and global investors chase China and AI-linked stocks

RBI allows residents, non-residents to undertake rupee IRD transactions

New master directions allow residents and non-residents to trade rupee interest rate derivatives, with a PVBP limit of Rs 1,000 crore for foreign entities' speculative positions

Not reading too much into IMF's 'crawl' remark: RBI Dy Guv Poonam Gupta

RBI deputy governor Poonam Gupta says the IMF's 'crawl-like' label is a sub-classification based on recent volatility data, and does not change India's managed-float exchange rate regime

Rupee weakens after RBI rate cut; Guv says external position comfortable

The rupee slipped after the RBI cut the repo rate by 25 bps, with traders citing dollar sales near 90.07 per dollar. Governor Sanjay Malhotra said reserves and the external sector remain comfortable

Rupee at record low: Can a US trade deal trigger a turnaround?

The Indian rupee has slipped to an all-time low against the US dollar, pressured by foreign investor exits and global trade tensions. A new poll suggests a mild recovery could be ahead

Importers rush to hedge while exporters wait on sidelines amid rupee dip

The domestic currency touched a fresh low of 90.41 against the dollar on Thursday but gained back its intraday losses to close at 89.98

Weak rupee may raise fertiliser import, production costs and subsidy load

A sliding rupee could make both fertiliser imports and domestic production costlier, pushing the subsidy bill higher as urea and DAP prices remain fixed for farmers

Enhancing margins: Weak rupee a silver lining for IT services companies

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

RBI steers away from aggressive intervention as rupee touches new lows

RBI is intervening mainly to smooth volatility rather than defend specific levels as the rupee hits fresh lows amid outflows and trade-deal uncertainty, with its forward position limiting room to act

Rupee to rise from record lows, US trade deal key for recovery: Poll

US President Donald Trump's punitive 50 per cent tariff on Indian goods has soured sentiment among foreign investors, who have sold around $17 billion of Indian equities so far this year