Currency

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.

Rupee trades in narrow range against US dollar in morning trade

Forex traders said there has been significant foreign fund outflows and crude oil prices have surged by nearly 10 per cent, fueled by Hurricane Milton’s impact on US production along with the tensions in the Middle East between Israel and Iran.

RBI asks banks to avoid aggressive bets against rupee: Report

RBI informally communicated the instructions to bankers via phone calls on Monday with the rupee at risk of breaching its record low of 83.9850 per U.S. dollar, the sources said

India's forex reserves jump $12.588 billion to hit record high of $704.885 billion

The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark

Rupee settles 3 paise lower at 83.82 against US dollar in range-bound trade

However, crude oil prices sliding to near $70 per barrel helped the local unit resist a steep fall, forex traders said.

India, Myanmar discuss ways to promote trade through local currencies

The issue was discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Kan Zaw, Myanmar's Minister of Investment and Foreign Economic Relations, on the sidelines of the 12th East Asia Summit Economic Ministers' Meeting at Vientiane, Laos.

A new currency tries to defy conventional wisdom

The world’s newest currency, Caribbean Guilder, is the outcome of a currency union between two countries with different economic structures and a sharp disparity in income. The underlying economic conditions are far removed from the ideal scenario for such a union. The journey of the Caribbean Guilder will be followed with interest

Dollar pinned down by 50 bp Fed cut bets

The euro rallied overnight to $1.1138 and traded around there early in the Asia session, not far from the year's high against the dollar of $1.1201.

Currencies listless as markets waffle over Fed rate cut

The dollar was flat at 140.86 yen, near where it finished last week and close to the 140.285 end-December low it struck on Friday. It fell 1.3% on the yen last week.

Yen rally is a lesson in the lost art of FX intervention

Japan stepped in at key moments, showing that governments do have agency even when battling huge markets

Dollar drops, gold near record high as bets for big Fed cut ramp up

The dollar dropped 0.42% to 141.22 yen as of 0020 GMT, heading back towards Wednesday's low at 140.71, the weakest level this year. Gold hovered just below Thursday's all-time high of $2,560.01, last changing hands at $2,558.55.

Dollar firm as inflation data douse bets for big Fed rate cut

The dollar gained against the yen, following a turbulent session on Wednesday that saw the U.S. currency plunge as much as 1.24% to the lowest this year before recovering all its losses after the consumer price data