Page 3 - Rupee

Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7%

Currency weakens amid crude oil surge and West Asia tensions; RBI forward book deficit and rising bond yields add to pressure on the rupee

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Rupee falls 0.5% to record low of 95.33 as oil price surge sparks worries

The reversal has prompted traders and analysts to suggest that fresh regulatory measures could be on the cards

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook

Rupee hits record closing low at 94.85 as crude surge pressures currency

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

Rupee falls 0.3% to record closing low of 94.8450 amid oil price surge

The currency has drifted back toward record lows as the impact of central banks' rupee supportive measures faded, with concerns over India's exposure to higher energy prices weighing on sentiment

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day

Rupee falls 13 paise to 94.81 against US dollar during early trade

The rupee depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some ground and touched 94.81 against the US dollar in initial trade, registering a fall of 13 paise over its previous close. On Tuesday, the rupee depreciated 53 paise to close at 94.68 against the US dollar. "The oil is above USD 111 with no resolution to the US-Iran crisis, although the unilateral ceasefire of the US continues and Iran also showing resilience, but the non-passage of ships from the Strait

Rupee falls 0.4% to 94.19, near one-month low as oil tops $110/barrel

The rupee touched a low of 94.54 per dollar during the trading session, its weakest level since March 30, before closing at 94.19, down 0.4 per cent on the day

Rupee declines 24 paise to 94.39 against US dollar in early trade

The rupee depreciated 24 paise to 94.39 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets. Forex traders said Brent oil continued to move higher at USD 109 per barrel, keeping India's position vulnerable. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 94.35 against the US dollar, then lost some ground and touched 94.39 against the US dollar in initial trade, registering a fall of 24 paise over its previous close. On Monday, the rupee had settled at 94.15 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.49. Brent crude, the global oil benchmark, was trading higher by 0.99 per cent at USD 109.30 per barrel in futures ...

BS Opinion wrap: India must harness its untapped services trade potential

From services trade trends and POSH gaps in IT firms to rupee volatility, labour reforms, and Arctic geopolitics, here are the key insights from today's Business Standard Opinion page

Free float theory falters as capital flows drive rupee volatility

India's current account deficit (CAD) is modest, but portfolio flows and oil price volatility mean the rupee is driven more by sentiment and positioning than by exports and imports

Rupee falls 11 paise to 94.27 against US dollar on safe haven demand

The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets. Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions. Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty. At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.0

'Growth-inflation tradeoff likely to have shifted adversely for near term'

RBI MPC member flags adverse shift in growth-inflation balance, warns of rising policy risks amid global uncertainty and persistent inflation expectations

Rupee 'fundamentally undervalued,' levels may attract investors: CEA

The currency has given up much of the gains fueled by the central bank's recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month,

Rupee declines 24 paise to 94.25 against US dollar in early trade

The rupee stayed on a downward track for the fifth straight day, losing 24 paise to 94.25 against the US dollar in early trade on Friday, weighed by volatile crude oil prices and an elevated US dollar, with prospects of West Asia peace talks turning hazier. Analysts said that despite a ceasefire in place between the United States and Iran, ship movement through the Strait of Hormuz remained uncertain after the US military on Thursday seized another Iranian oil tanker, intensifying the standoff and unsettling the fuel prices worldwide. President Donald Trump has also ordered the US military to "shoot and kill" small Iranian boats that deploy mines to choke traffic through the Strait of Hormuz. Unabated withdrawal of foreign funds from domestic stock markets also added to investors' worries, triggering a massive sell-off in equities and further dragging down the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the s

Best of BS Opinion: Leadership change at US Fed will test global markets

From leadership shifts at the US Federal Reserve and Apple to rupee management, GST rate cuts and climate discourse, today's Opinion page captures key economic and policy debates

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

Rupee drops 0.3% to 94.10, extends 4-day losing streak as oil crosses $100

The rupee closed at 94.1050 against the US dollar, down 0.3 per cent on the day. The currency has declined over 1 per cent so far this the week, pressured by a near 15 per cent rise in crude prices

Rupee slides 34 paise to 94.12 against US dollar during early trade

The rupee extended its losing streak for the fourth straight session, sliding past the 94 level for the second time in a month and trading 34 paise lower at 94.12 against the US dollar in early trade on Thursday, as crude oil prices surged amid a lack of progress in West Asia peace talks. The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.04 and lost further ground to trade at 94.12 against the greenback in early deals, registering a loss of 34 paise from the previous closing level. The rupee declined 34 paise to close at 93.78 against the US dollar on Wednesday, the third straight day of fall. In the preceding two sessions, the currency has fallen by 53 paise. Facing geopolitical headwinds triggered by the war in West Asia, the domestic currency breached the crucial ..