Bearish Rupee bets drive hedging costs to highest since 2022
Dollar-rupee three-month offshore forward points, the cost of locking in forward dollar purchases, touched levels last seen in November 2022 on Thursday.
Rise in US bond yields, strong NDF dollar bids push rupee to record low
The rupee declined to 85.93 per U.S. dollar, weakening past its previous record low of 85.8575 hit in the last session. The currency was at 85.92 as of 9:45 a.m. IST.
Asia dollar bond volumes seen rising 20% as China deals gather pace
In the first few days of 2025, at least $6 billion worth of dollar bonds were issued, LSEG data and term sheets reviewed by Reuters showed. Deals have been priced by the Export Import Bank of Korea and aluminium producer China Hongqiao Group.
Indian rupee can drop to 90-92 levels against dollar in next 6-10 months
RBI’s currency inflexibility, in contrast to the flexibility of the CNY and the strengthening of the USD, makes it imperative for the RBI to allow for a higher currency depreciation and ease its interventions.
RBI should allow more Rupee volatility, says former RBI Deputy Governor Viral Acharya
Acharya’s comments come at a time when markets await clarity on whether new RBI Governor Sanjay Malhotra would continue with his predecessor’s approach of intervening firmly in the currency market.
Indian bond index inflows may lag estimate, says Morgan Stanley
Fully accessible route bonds — those offered to global investors without limits — will fall short of an initial $25-30 billion passive flow that was estimated to come in after their inclusion to the JPMorgan Government Bond Index-Emerging Markets, said a note.
Indian central bank likely selling dollars to support rupee, traders say
The rupee was quoted at 85.77 to the U.S. after dipping to an intraday low of 85.7950 in afternoon trade amid a fall in the Chinese yuan and an uptick in the dollar.
India rupee onshore-NDF arbitrage widens, new all-time low in sight
The rupee declined to 85.7900 per U.S. dollar, not far off the all-time low of 85.8075 hit last Friday. It opened on a weaker note, at 85.7025, and has been under pressure since.
Rupee volatility surge puts RBI’s currency strategy in focus
The rupee’s one-month implied volatility versus the greenback rose to as much as 4.09% on Monday, the highest since August 2023. This marks a shift from the currency’s recent stability, which saw the volatility gauge hit a record low this August.
Rupee recovers on RBI support after testing new low of 85.81, still falls most in seven months
For the year so far, the Rupee has weakened by 3% against the US dollar, and is set to post annual losses for seventh year in a row.
Rupee hits record low on strong NDF dollar bids; RBI likely steps in
The rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday. The currency was last quoted at 85.39 as of 09:40 a.m. IST.
Rupee opens flat on likely RBI intervention, bond yield remain stable
Indian rupee touched a record low on Thursday after the US Federal Reserve signalled fewer rate cuts in 2025
Nifty may find it 'challenging' to deliver double-digit returns in 2025, Prime Securities sees moderation
Benchmark indices on Dalal Street could see some moderation in returns and wealth creation may shift to a more bottom up, stock specific approach, according to Prime Securities' capital market outlook for 2025. It sees consumption, IT products and infrastructure among key themes.
Fed rate cut while inflation not decelerating was a 'mistake', may need to revisit CPI target, says Andrew Freris
Jerome Powell's decision to cut rates while inflation was not clearly decelerating was a mistake. US inflation has not met the Fed's target of 2%, remaining stubbornly above this threshold, said Andrew Freris.
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
