Reserve Bank dials down use of NDFs to fight dollar
The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts
Nomura, Morgan Stanley set to roll out currency market services in India
Over the past couple of years, Morgan Stanley and Nomura have been building systems to comply with the Reserve Bank of India’s strict reporting norms, the people said.
Revenue Secretary Sanjay Malhotra named RBI Governor for three years
Sanjay Malhotra, age 56, will take over from Shaktikanta Das on December 11 as the 26th Governor of RBI.
Rupee on gentle one-way path down, to breach 85/$ in 6 months
Since early October, the RBI has spent nearly $50 billion from its vast FX reserves to shield the rupee from the dollar's relentless strength
A yen for carry trades that never left the markets is vexing everyone
Yen carry trades are back but is another unwinding around the corner?
India's forex reserves plunge $17.76 billion to $657.89 billion
The kitty, which had hit an all-time high of $704.885 billion in end-September, has been declining for multiple weeks now, at a time when the rupee has also been under pressure
RBI asks some lenders to cut speculative bets against rupee, sources say: Report
The Reserve Bank of India's financial market regulations department informally communicated the instructions to banks, the bankers said
Dollar hugs 13-month peak as market awaits next Fed cue
The dollar index edged down 0.05% to 107.01, not far off Thursday's one-year high of 107.15, its highest level since Oct. 4, 2023, with little data this week to dent its march higher.
Dollar slips to one-week low after safety bid, 'Trump trade' momentum wanes
The dollar index – which measures the currency against six major peers, including the yen and euro – fell to a low of 106.07 for the first time since Wednesday of last week, and stood at 106.18 at 0247 GMT.
China will send a weaker Yuan to the Trump front
Beijing’s first line of defense against higher tariffs is likely to be its currency. Good thing that it fits in with a dour economy
Dollar sitting pretty, yen bears wary of BOJ hawks
Ueda will deliver a speech at 0100 GMT, followed by a media conference at 0445-0515 GMT. It will be his first opportunity to speak directly on monetary policy since Donald Trump’s victory in the U.S. presidential election on Nov. 5.
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40.
Dollar soars with bitcoin as Trump trade ramps up; euro, yuan battered
The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs.
Rupee drops to all-time low on bullish dollar outlook
The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday
Rupee falls 21 paise to all-time low of 84.30 against US dollar on Trump win
A strong greenback against major rivals overseas and unabated foreign fund outflows dented market sentiment, forex traders said
Rupee hits record low on US election updates, RBI likely steps in
The rupee fell to 84.1950 against the dollar, down about 0.1% from its Tuesday close
Rock-steady Rupee offers stability during US election uncertainty
Traders have ramped up their search for havens, analyzing latest polling data that shows no clear leader in the race between Kamala Harris and Donald Trump before Tuesday’s vote.
Rupee slips to record low of 84.11 vs US dollar, pressured by slide in stock markets
The rupee slipped to its all-time low of 84.11 against the dollar, inching past its previous record low of 84.0950 hit last week
Rupee falls to record low on outflows, US election jitters
The rupee declined to a record low of 84.0925 to the U.S. dollar, inching past the all-time low of 84.0900
Rupee stays unchanged at 84.07 against US dollar
Analysts said the selling rush by foreign investors in pursuit of better gains from the Chinese market has been preventing the rupee's recovery
Rupee internationalisation is no cakewalk
India and Myanmar are working on a local currency trade settlement mechanism. Despite the bilateral trade being a negligible share of India’s overall trade, the challenges in creating a smooth settlement process here are a pointer to the larger issues which need to be addressed if the Rupee is to be used to settle trades with larger partners
Rupee gains 1 paisa to 84.06 against US dollar in morning trade
However, sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit, forex traders said.
Rupee trades in narrow range against US dollar in early trade
Forex traders said the rupee is likely to trade in a narrow range during the day as strong dollar and a muted tone in the domestic equities weighed on the local unit, while weak crude oil prices and any intervention by the Reserve Bank of India (RBI) may also support the local currency at lower levels.
Rupee trades in narrow range against US dollar in early trade
Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities is being negated by foreign fund outflows.
