Dollar

Major research and brokerage houses expect the rupee to exit its current depreciating phase in 2026, but much will depend on the progress of the trade deal between India and its largest trading partner, the US.

Chart of the Day: The currency crumble

The rupee has depreciated by roughly 5.22 percent against the US dollar this year, making it Asia’s worst-performing currency in 2025

Rupee weakens to new record low of 90.78 against US dollar

Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front

Fitch sees limited downside for rupee, expects rebound to 87 by 2026

Ratings agency says currency remains undervalued; stronger growth and low inflation to support medium-term recovery

Dollar weak with rate-cut enthusiasm intact, euro at 7-week high

Investors have also been weighing the prospect of White House economic adviser Kevin Hassett taking over as Fed Chair after Jerome Powell’s term ends in May

Rupee’s slide to have only marginal impact on inflation; govt could better fiscal deficit target in FY26: PwC’s Banerjee

PwC’s Ranen Banerjee says India’s evolving import mix limits pass-through even as the currency briefly breaches 90 per dollar

Rupee’s slide past 90 may complicate PE exits, tighten return thresholds for global investors

A moderate level of rupee depreciation is typically factored into PE return models, but this year’s nearly 5% slide is much steeper and faster than expected.

How tariffs are eating into export gains from a weak rupee

This year, steep US tariffs are offsetting the benefit of an undervalued rupee

Higher cover, structured hedging strategies: How India Inc is battling rupee depreciation, volatility

Exporters and importers are responding differently but both sides are accelerating hedge coverage, hedging their exposure using structured products and preferring shorter tenor hedges until policy and geopolitical backdrop stabilises

OPINION | Too many sanctions may inadvertently chip away at the might of the US dollar

The overuse of secondary sanctions may end up weakening America’s own financial primacy. The message sent out is overdependence on the dollar represents a strategic vulnerability

Asia’s currency-defence war chest has swelled to $8 trillion

The increase has been helped by this year’s decline in the dollar and rally in gold prices.

RBI sells dollars in offshore market as rupee nears record low

The moves helped steady the currency as it neared its September record low of 88.8050 per dollar

Oil slips on stronger dollar, oversupply fears

The dollar climbed to a fresh four-month high against the euro on Tuesday as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year.

RBI steps in to help rupee avert fall past record low, traders say

The dollar index was at 99.76, hovering near its highest level in three months, while Asian currencies were flat to modestly weaker on the day

US dollar stablecoins to raise challenges for global monetary policy: CEA Nageswaran

The presence of a dollar stablecoin will bring with it its own challenges for monetary policy, monetary transmission and for seigniorage benefits of any country, CEA said

Rupee ends nearly flat as central bank intervention blunts pressure

The rupee closed at 88.2650 against the US dollar, nearly flat compared to its close at 88.2450 in the previous session

RBI sees rupee under speculative attack, will intervene further

The central bank is unwilling to let the currency breach its record low of 88.8050 per dollar level anytime soon, the person said.

Yen sinks as Takaichi win spurs bets of fiscal easing

The yen sank 1.5% to 149.73 yen on the dollar, its biggest one-day slide since May 12

Rupee caps rough week on a quiet note but pressure likely to persist

The currency remained under pressure even as the dollar was on course to notch its worst week since August against major peers

US dollar index sinks 10%, marks sharpest fall since 2017

The US dollar index has slumped nearly 10 percent in 2025, its steepest fall since 2017, as weak data, record fiscal deficits, Fed rate cut bets, and political turmoil erode confidence.

Rupee logs worst week in a month as US visa, tariff policies sting

The rupee closed at 88.7175 against the U.S. dollar on Friday, little changed on the day but down 0.7% on the week, its steepest weekly fall since late August.

Dollar firms ahead of deluge of Fed speakers

Currency moves in the early Asia session were more subdued after a volatile ride last week following a raft of rate decisions including that of the Fed, the Bank of England and the Bank of Japan

Dollar steadies ahead of US Fed's meeting

Trading in Asia was thinned with markets in Japan closed for a holiday, leaving currencies mostly rangebound in the early session

India Beyond the Dollar: Navigating a shifting currency order

As global reliance on the US dollar declines, India cautiously adapts—balancing local currency trade, reserve diversification, and strategic autonomy to strengthen its financial resilience in an emerging multipolar global economy

'Govt keeping good watch on rupee, several currencies weakened against dollar': FM Sitharaman

The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday.