Exchange Rate

The rupee faces a silent killer – uncertainty

The rupee may not revisit record lows but it may not gain in a market shrouded in uncertainty.

Tariffed and Tokyoed: The Indian rupee's perfect storm

India’s GDP growth is expected to be healthy in FY27 but the rupee may not reflect it

Chart of the Day: RBI forex intervention seems to lack REER input

REER shows the rupee is undervalued as of October

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

A currency war encore? China may already be on it

Trump’s tariffs have made Asian central banks’ jobs complicated amid a brewing currency war.

Tariffs make dollar supreme, India’s choices more difficult than ever

Amid tariffs, the RBI will need to choose a battle it can win: either exchange rate or domestic inflation

Does the REER reflect RBI's overprotectiveness towards the rupee?

The RBI’s interventions have been criticized and have found support too

How much is too much in RBI’s forex market intervention?

Central bank interventions tend to distort market price but that is a cost worth taking sometimes

Chart of the Day: REER shows a stable rupee is not necessarily at fair value

The RBI’s interventions are keeping the rupee in a tight band, but not avoiding overvaluation

Trump’s trade war threat against China signals a bumpy ride for India’s exchange rate

Trump’s trade policies would make Asian economies get into a currency war soon and the Indian rupee won’t be able to avoid it.

India, Russia mull direct rupee-ruble FX rate to boost bilateral trade

The idea involves avoiding pegging the exchange rate with the dollar or any other third currency. However, the official says that in order to establish a direct FX rate, the rupee and ruble would need to trade in the same currency exchange platform for a much larger quantity and for a longer duration while the two sides workout a mutual referencing price.

Short-term pressure on rupee unlikely to affect exports: Experts

The domestic currency's depreciation has been less than what has been seen for competing currencies like the Vietnamese dong and Indonesian rupiah, tempering the country's competitiveness in overseas markets.

RBI should limit intervention in forex market, says D Subbarao

On the foreign exchange reserve front, the former RBI governor said holding reserves is a safety net, but also involves cost.

Can’t isolate impact of rupee fall on India’s imports, exports: Fin Min in Parliament

Chaudhary's comments come after the rupee hit a new all-time low of 83.41 per dollar on December 13. Since then, the Indian currency has gained some ground and was even trading in the sub-83 per dollar territory early on December 18

Why is the Indian rupee a grinch in a Christmassy market?

The RBI has been a player on both sides of the market and intervening as a seller and buyer depending on the situation. That said, the bias has been to soak up inflows into domestic markets, preventing an appreciation of the rupee.

Bangladesh: An economic disaster, not just a forex crisis, is in the making

When competitors report a sharp decline in specific garment exports, shipments of those from Bangladesh grew in July-August. From $48 billion in 2021, forex reserves are a lowly $21 billion. A $12 billion gap between shipment values and export receipts suggests corruption or data fudging. Exchange rate mishandling has dented the trust of migrant workers and their foreign remittances