RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength
The rupee slid to an intraday low of 92 per dollar amid dollar demand and FPI outflows, with RBI intervention preventing a breach of the key psychological level
The survey said that the outflow of capital, including with the advent of stablecoins, is a risk to watch out for
Asian shares were mixed on Wednesday after the S&P 500 ticked to a record, as the US dollar's value slid further. Later Wednesday, the Federal Reserve will announce its next move on interest rates. The expectation is that it will hold its main interest rate steady for now. South Korea's benchmark hit a record, lifted by gains for technology shares like computer chip maker SK Hynix, which climbed 3 per cent. The Kospi was up 1.3 per cent at 5,152.14. Tokyo's Nikkei 225 index lost 0.5 per cent to 53,055.58. The dollar rebounded slightly against the Japanese yen but has still weakened sharply since last week, putting pressure on shares of major exporters. Toyota Motor Corp. lost 3 per cent, and other major manufacturers also extended losses. The dollar was trading at 152.75 yen, up from 152.19 yen. But it's nearly 4 per cent lower than its level last week, when it surged to near 160 yen, prompting both Japanese and US officials to warn they will intervene to stanch the yen's ...
Spot gold rose 0.6 per cent to $5,219.97 per ounce, as of 0153 GMT, after scaling a record high of $5,224.95 earlier, up more than 20 per cent since the start of the year
Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows
The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar
India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time
Heavy importer demand and maturing NDF positions pushed the rupee to its steepest one-day fall in two months, even as RBI dollar sales capped deeper losses
Gold prices slipped slightly as strong US economic data and easing tensions in Iran reduced safe-haven demand. Despite the dip, gold remained up for the week after hitting record highs
The rupee's depreciation is often seen as an opportunity - but this narrative overlooks its impact on borrowers of foreign-currency debt
The rupee closed at 90.1525 per dollar, little changed from 90.1625 in the previous session
The rupee settled at 90.03 per dollar, against the previous close of 89.89 per dollar
The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar
The impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived across most asset classes with stocks around the world trading at record highs
Traders were also keeping a watchful eye on events in Venezuela, after the US raid and capture of President Nicolas Maduro
A dwindling interest rate difference between the US and other economies has cast a shadow over the currency market, resulting in most currencies gaining sharply against the dollar in 2025
A weak rupee has wiped out nearly half of global investors' gains, leaving foreign funds waiting for a currency rebound to revive returns
It has beat gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth
Majority of the respondents said the domestic currency would appreciate to 88.5 against the dollar by end FY26