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RBI's unexpected move to release Rs 2.5 trillion starting September may prompt lenders to favor shorter-tenor securities over longer-dated ones
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On June 4, Indian rupee was under pressure due to dollar demand from oil companies, foreign investors, and importers
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The Trump administration has given a Wednesday deadline for countries to submit their best offers on trade, the same day a doubling of duties to 50% on imported steel and aluminium comes into effect.
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The currency opened at 85.5238 against the dollar after ending the previous session at 85.28.
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The Reserve Bank of India had dollar repayments of near record high of $84.3 billion as of March as indicated by its net short forwards position
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Dollar index was trading at 100.228 in early trade, as compared to 99.875 at previous trading session.
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Firms are receiving more requests for transactions including hedges that sidestep the dollar and involve currencies such as the yuan, the Hong Kong dollar, the Emirati dirham and the euro
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Trade deals are being pursued by countries amid tariff uncertainty
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On May 7, rupee depreciated around 20 paise driven by sharp rise in geopolitical tensions
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The Indian rupee is gaining ground as global investors bet on India’s economic resilience and dollar weakness, but there are risks ahead
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Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir
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The local currency remains resilient in the last few days due to positive signals surrounding a potential US-India trade deal
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Last week, Indian rupee witnessed a appreciation of 2.5 percent on positive talks between US and India over tariffs
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Optimism surrounding a potential trade deal between India and the US has also aided the rupee
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For the week overall, the dollar index – which measures the currency against six major peers – is on course for just a 0.27% rise, although that would still snap a four-week losing run.
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The U.S. currency sagged close to the decade-low reached the previous day against the Swiss franc, and hovered near a 3-1/2-year trough versus the euro.
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This is the sixth consecutive week of a rise in the kitty
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The rupee opened at 85.61 against the dollar. It had ended the previous session at 85.77.
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The onshore yuan finished the domestic trading session at 7.3498 per dollar, its weakest close since December 2007.
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The US dollar, not its merchandise or services, became America’s principal export. After decades of enjoying this benefit, US finds itself confronting multiple challenges, including lack of competitiveness in manufacturing. Some of the present global bloodbath was therefore inevitable. History has amply demonstrated that no change in global world order has ever happened without a major bloodbath
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The rupee closed at 86.2650 against the U.S. dollar, down 0.5% on the day. The currency hit a low of 86.29 during the session, its lowest since March 21
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A few of these banks are now facing margin calls due to notional losses on those positions, four bankers said
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The market turmoil unleashed by the US reciprocal tariffs has pushed up the rupee's volatility expectations to a near two-year high
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This is the first time December 18 that the rupee has traded below 85
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The local unit has rallied over 2% this month so far, outperforming its major regional peers
