Why is a weaker rupee good for the Indian economy?
The rupee has depreciated against USD by close to 4 percent over the last five months, triggering hand-wringing. The anxiety is misplaced as a weaker rupee can boost key export-intensive segments even after accounting for their high import of inputs. There’s no case for the central bank’s intervention except to cushion phases of extreme volatility
Rupee opens 8 paise up at 86.55 against the US dollar
The local currency opened at 86.55 against the US dollar, as compared to 86.67 at previous close against the greenback
Indian rupee open 9 paise up at 86.8525 against the US dollar
On February 19, RBI Bulletin showed that the central bank sold $15.15 billion in the spot foreign exchange market in December.
Trump tariff worries keep gold near record high
Spot gold rose 0.2% to $2,937.74 an ounce by 0235 GMT, trading near the all-time high of $2,946.85 hit on Wednesday. U.S. gold futures gained 0.7% to $2,955.90
Rupee threatens to breach 87 mark again against US dollar
Dollar index, which tracks American currency's value against six major currencies rose to 106.904 in early trade, as against 106.575 in the previous trading session
Rupee opens 14 paise up on easing dollar index, oil prices
The local currency opened at 86.6925 against the US dollar, as compared to 86.8325 at previous close against the greenback.
Dollar takes a breather ahead of US CPI
Early on Wednesday the dollar was 0.3% firmer and above 153 yen for the first time in a week, but elsewhere it was nursing modest losses and traded at $1.0357 per euro.
Rupee ends 5 paise down after hitting new record low of 87.96
On February 9, US President Donald Trump said he will announce 25% tariffs on all imports of steel and aluminum
Rupee to plunge to all-time low following Trump's new tariff plan
The 1-month non-deliverable forward indicated that the rupee will open at 87.90-88.00 to the U.S. dollar, compared to its previous close of 87.4250 and past the lifetime low of 87.5825
Rupee recovers 11 paise at open ahead of RBI's monetary policy
The local currency opened at 87.4688 against the US dollar, as compared to 87.5788 at previous close against the greenback
Rupee hits record low of 87.58 vs USD ahead of RBI policy decision
Uncertainty about US trade tariffs and persistent portfolio outflows have hurt the rupee over the last two months and made it the worst performing Asian currency in 2025
Rupee set for volatile ride as RBI eases control amid dollar strength: Reuters poll
The RBI's actions in the market since Governor Sanjay Malhotra's surprise appointment in December suggest the central bank is moving away from its previous policy of burning through foreign exchange reserves to stem the rupee's unabated decline.
Dollar slumps to 8-week low vs yen as trade war risk recedes
Japan's currency was also supported by rising expectations for further Bank of Japan interest-rate hikes with a central bank official advocating continued rate hikes, a day after strong wage data.
Rupee opens 5 paise down at 87.12 against US dollar
Asian equities trimmed their gains after Chinese shares opened lower as caution prevailed among investors with trade tensions rising between the world’s two largest economies.
Trump's February 1 tariff deadline sends US stocks lower, gold and oil prices surge
After Trump's tariff comments, US 10-year yield rose by two basis points to 4.54%. Crude prices jumped with WTI crude above $74 per barrel, while gold prices crossed $2,800 / oz for the first time on rush for safe haven buying.
Rupee holding up better than South Korean Won, Brazilian Real despite pressures, notes Economic Survey
The survey added that one of the primary factors behind Rupee's depreciation in 2024 has been the broad-based strengthening of dollar, at a time of geopolitical tensions in the Middle East and uncertainty around the US election.
Indian rupee opened flat at 86.63 against US dollar
The Economic Survey for 2024-25 will be tabled before both the Houses of Parliament on January 31, the first day of the Budget Session, presenting the Finance Ministry's view on the state of the economy.
Yen set for best January in seven years as rates path diverge
The Mexican peso and Canadian dollar were on guard ahead of a looming Feb. 1 deadline which U.S. President Donald Trump has said would be the date he imposes 25% tariffs on imports from the two countries.
US tariff worries may push rupee to all-time low before India budget
The 1-month non-deliverable forward indicated that the rupee will open at 86.64-86.65 to the U.S. dollar compared with 86.6250 in the previous session and flirting with the record low of 86.6475 hit about two weeks back.
Rupee pain starts to show as InterGlobe's forex losses rise threefold
InterGlobe Aviation saw its foreign-exchange losses jump threefold to Rs 1,460 crore in the December quarter. Carmaker Maruti Suzuki also cited currency variations as a negative for margins.
Indian rupee open 3 paise down at 86.58 against the US dollar
The US Federal Reserve kept interest rates unchanged at 4.25 percent-4.5 percent in its latest policy decision.
Indian rupee opens 4 paise down at 86.5775 against US dollar
The local currency at 86.5775 against the US dollar, as compared to 86.5313 ay close in the previous trading session at close on the previous trading session.
Highest liquidity gap in decade spurs speculation about RBI hand
The RBI has been selling dollars through the past year to support the sliding rupee
Emerging market currencies get relief rally from softening Trump threats
Emerging currencies are rebounding after suffering their worst quarterly drop since September 2022 in the final months of 2024 as traders priced expectations of a widespread trade war and a more hawkish Federal Reserve amid inflationary pressure in the US.
