Indian Rupee

Multi-billion dollar offshore NDF market gets reality check after RBI clampdown on speculative trades

Although there are no official data points, traders estimate that the monthly turnover of the Indian NDF market could amount to between $5 billion and $8 billion. That would mean a monthly turnover of at least $150 billion, making the rupee among the largest NDF currencies globally.

RBI just activated rupee crisis plan: What India did to battle 2013 taper tantrum, 1997 Asian financial crisis

In 2013, Raghuram Rajan was appointed RBI Governor by then Prime Minister Manmohan Singh at a time when emerging markets were under severe pressure

Rupee posts biggest gain in 12 years after RBI tightens currency curbs

On April 1, RBI ‌barred banks from offering rupee non-deliverable forwards to resident and non-resident clients

Rupee crosses 95 per dollar despite RBI’s cap on banks' forex positions

The rupee fell to a fresh record low on the last trading day of the financial year, as importers took advantage of the rise in the currency

Rupee opens 130 paise higher against dollar at 93.59 on RBI directive to curb speculation

The RBI has directed all banks to limit their net open position on the Indian currency to $100 million

RBI caps net open positions for USD/INR currency pair at $100 million

RBI move comes after rupee hits all-time low of Rs 94.84 to the dollar on March 27

India rupee falls to fresh low after crude oil price worries, bond yield spike

Oil marketing companies were seen buying the dollar to hedge their positions, traders say

Rupee opens 30 paise lower at Rs 94.28, sinks to new low over crude, Iran worries

The rupee has depreciated more than 3 percent since the start of the war on February 28

Indian rupee set to recover sharply after US President Donald Trump suspends Iran strikes

The one-month non-deliverable forward market showed that the rupee will likely open at around Rs 93.04 to the dollar on March 24

Indian rupee falls to fresh record low of Rs 93.84, traders eye RBI action

The local currency was trading 10 paise lower on March 23, after losing nearly 100 paise in the previous session

RBI may adopt wait-and-watch mode for FX interventions, even as rupee hits lifetime low: Experts

On March 20, the rupee touched a lifetime low of Rs 93.76 to the dollar, surpassing its previous record low of Rs 92.63 per dollar.

Rupee opens at a fresh record low of 92.89 against dollar. Next stop 93?

As energy assets come under fire in West Asia, crude prices remain elevated and a concern for India and other countries

Rupee sinks to new low of Rs 92.63 as importers rush to cover positions

Market participants and analysts expect the rupee to test the 93 psychological mark on a surge in demand for dollars from OMCs

Rupee opens 5 paise lower against dollar at 92.42, US Fed decision awaited

The rupee was trading near its record low of 92.48 against the greenback

Rupee opens 3 paise higher at 92.39 against the dollar on improved risk sentiment

The RBI was seen aggressively selling the dollar on March 16 to avert another record low. The rupee dived to an intraday low of 92.48 but recovered to close at 92.42

Rupee opens 30 paise lower at 92.34 against dollar as oil climbs to $100 after Iran tanker attacks

The local currency was flirting with the record low over renewed fuel supply concerns

Rupee falls 13 paise to 91.94 against the dollar, all eyes on crude prices

In the previous session, the rupee again slipped below the 92 mark before making a recovery, probably on the intervention of the RBI

Indian rupee recovers 40 paise to Rs 91.93 as Trump comments calm oil market

The local currency had hit a record low of Rs 92.35 in the previous trading session

Rupee closes at a new low of 92.34 on crude surge worries

The rupee can fall to 93 if the Brent continues to rise, analysts said

Rupee plunges 47 paise to Rs 92.21 against dollar as oil crosses $100

The currency was hovering close to the record low of Rs 92.31, which it touched last week, as world stares at an oil shock

Rupee opens 5 paise lower at Rs 91.65 against dollar, oil continues to rise on worsening US-Iran war

The local currency declined marginally on March 6, after rallying more than 50 paise in the previous session

Volatile rupee shifts spotlight on banking system liquidity

The rupee sank to new intraday low of Rs 92.30 on March 4 on rising crude prices and growing concerns around widening West Asia conflict

Rupee recovers 50 paise to dollar at Rs 91.57, crude in focus as US-Iran war intensifies

The Reserve Bank of India likely intervened in the spot and NDF markets to arrest further fall in rupee, traders say

Indian rupee’s record low sparks fears of more downward bias, to test Rs 93 level soon, say analysts

The local currency lost nearly 70 paise on March 4 in one of the largest single-day drops in recent months

Indian rupee breaches Rs 92 per dollar to hit record low amid Middle East tensions

The local currency was down more than 60 paise on March 4