Indian Rupee

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Indian rupee opens flat on support from Trump’s trade optimism

Amid the ongoing India-US trade deal negotiations, President Donald Trump on Tuesday said that they are going to "bring down the tariffs" imposed on New Delhi.

RBI ramps up defence of rupee near record lows, curbs excess volatility

Market participants said such operations reflect the RBI’s intent to smooth volatility rather than defend any specific level of the currency, ensuring stability amid periods of excess speculative pressure.

Rupee opens 13 paise up at 88.52 against dollar tracking gains in Asian currencies

The rupee is expected to move in the 88.40-88.90 range, depending on how the RBI takes the currency forward, experts say

November blues: Rupee likely to trade close to 89 amid trade uncertainty, strong dollar

On November 4, the RBI intervened in the NDF market to defend rupee from touching record low

Rupee appreciates most in over two weeks on likely RBI intervention in NDF market

The local currency has remained towards 88.70 in the last few weeks amid pressure from the Asian currencies.

Rupee opens 9 paise up at 88.61/USD on Asian cues

Asian currencies were mostly higher on Friday, with the offshore Chinese yuan at 7.11 to the U.S. dollar

Governor Sanjay Malhotra’s term sees Rupee’s biggest drop since Subbarao’s first 10 months

RBI Governor Sanjay Malhotra’s period has coincided with a challenging global environment marked by a persistently strong dollar, geopolitical tensions, and a widening interest rate differential between India and the US.

Rupee opens 1 paise higher at 87.86/USD as Asian currencies gain

Currency experts said traders will monitor the US Federal Reserve’s commentary following a widely anticipated rate cut and the magnitude of overseas fund flows.

Rupee opens 10 paise up at 87.83 against dollar, US trade deal talks in focus

Reports have claimed that US could slash the tariff on Indian goods to 15 percent, as New Delhi 'moderates its oil purchases from Russia'

Rupee opens 3 paise up at 87.94/USD as Asian currencies strengthen

The selling of dollars by the RBI's last week helped the rupee post its best weekly performance in nearly four months

Rupee gains for second day, up 25 paise against dollar at 87.82

Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee

Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cuts

The dollar index, which measures the greenback's against a basket of six major currencies, fell to 98.883 in the morning from the previous close of 99.047

Rupee opens 7 paise down against dollar at 88.76 tracking weakness in Asian currencies

Trade tension between the US and China resurfaced after United States President Donald Trump threatened '100 percent tariff' on all Chinese goods beginning November 1

Rupee opens 4 paise higher at 88.74/USD on support from IPO inflows

The local currency opened at 88.74 against the US dollar, as compared to 88.7825 against the greenback at the previous close.

Rupee almost flat ahead of RBI’s rate decision

A day earlier, the rupee sank to a record low of 88.8850 against the US dollar amid persistent selling by foreign investors

Indian rupee hits new record low, ends 2 paise down amid persistent FII selling in equities

The domestic currency hit record low of 88.8850 against the US dollar, and then ended at 88.7888 against the greenback, as compared to 88.7612 at previous close.

Indian rupee opens 6 paise higher ahead of RBI policy, outperforms weak Asian currencies

Moneycontrol's poll of economist, treasury heads, and fund managers showed that the Reserve Bank of India’s monetary policy committee (MPC) is likely to maintain the status quo on interest rates in its October review.

Rupee breaks the fall, opens 4 paise up at 88.67 against dollar

The rupee mirrored the broader trend as Asian currencies marched higher and equities rose following US inflation data

RBI skips dollar purchases in July for first time in over a decade as rupee pressure mounts

India’s foreign exchange reserves were down $10.87 billion at $688.871 billion on August 1. On July 4, they stood at $699.736

Indian rupee five paise weaker after fresh Trump tariffs on branded pharma

Asian currencies are also trading down with Taiwanese Dollar down by 0.42 percent, Thai Baht down by 0.26 percent, Malaysian Ringgit down by 0.21 percent, and South Korean Won by 0.12 percent, according to the Bloomberg data.

RBI sold net $2.54 billion in spot forex market in July

The central bank in the Bulletin said that it purchased zero dollars and sold $2.54 billion during the period.

Rupee opens flat at 88.75 as US visa fee hike worries persist

A day earlier, the rupee ended at a record low against the dollar amid growing worries over remittances and IT sector growth after the H-1 B visa fee hike

Rupee ends record low of 88.76/USD as H-1B visa fees adds to worries over FPI outflow

The hike in fresh H-1B visa fee from next year has sparked worries over lower remittances, and potential equity outflows from India’s IT sector, which could be a double hit that the rupee could ill afford, at a time when foreign inflows have already been weak.

Rupee hits all time low of 88.49 in early trade on weak Asian cues

Asian currencies were trading down today with South Korean Won down by 0.22 percent, Thai Baht by 0.16 percent, Indonesia Rupiah by 0.08 percent, Singapore dollar, Japanese Yen and Hong Kong Dollar by 0.05 percent each, according to the Bloomberg data.