The most likely bloc to enjoy long-term appreciation against the USD remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 yrs ago, Wood said
RBI net sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government
Indian Rupee today: The domestic currency closed 37 paise lower at 86.01 on Thursday, marking its weakest level since April 11 this year
Indian Rupee today: The domestic currency began the session 5 paise stronger at 85.59 against the dollar
The domestic currency depreciated 1 paise to open at 85.65 after closing at 85.64 against the greenback on Tuesday
The domestic currency depreciated 23 paise to end at 85.63 after closing at 85.40 against the greenback on Monday
The domestic currency opened 8 paise lower at 85.48 after closing at 85.40 against the greenback on Monday
The domestic currency ended 12 paise higher at 85.40 after closing at 85.52 against the greenback on Friday
The domestic currency opened 8 paise higher at 85.44 after ending at 85.52 against the greenback on Friday
The rupee has been caught in a swirl of trade negotiations between the US and other major economies such as the UK and China, even as the US Fed considers rate cuts later this year
Rupee closed 3 paise higher at 85.52 after ending at 85.55 against the greenback on Thursday
The domestic currency began the session 25 paise higher at 85.30 after ending at 85.55 against the greenback on Thursday
The domestic currency closed 27 paise lower at 85.52 after ending at 85.28 against the greenback on Wednesday
The domestic currency began the session 24 paise lower at 85.52 after closing at 85.28 against the greenback on Wednesday
The domestic currency ended 6 paise higher at 85.28 after ending at 85.34 against the greenback on Tuesday, according to Bloomberg data
The domestic currency opened 21 paise higher at 85.13 after ending at 85.34 against the greenback on Tuesday
The domestic currency ended 4 paise higher at 85.34 after ending at 85.38 against the greenback on Friday, according to Bloomberg data
The domestic currency opened 71 paise higher at 84.67 after ending at 85.38 against the greenback on Friday
The global demand for dollars, the argument goes, drives up its value, making US-made goods more expensive than imports
The rupee recovered 34 paise against the dollar as RBI stepped in via state-run banks while bond yields eased after strong OMO auction demand calmed sentiment