Indian Rupee

The dollar index, which measures the greenback's strength against a basket of six major currencies, rose to 98.770 in the morning trade from the previous close of 98.424.

Indian rupee in 2026: Bears may rest a bit, but cautious approach may stay

For 2026, experts expects USD/INR to consolidate in a broad 88-91.50 range, with markets closely tracking trade talks and capital movements.

Low inflation drove RBI’s rate cut, not high growth: MPC member Saugata Bhattacharya

Given my understanding of the evolution of “underlying” inflation over the next few quarter, in the backdrop of the forecast headline inflation, there remains a concern that prices might be less than optimal for stable economic growth, Bhattacharya said.

Why is India’s currency Asia's worst-performing?

Tariff differential is a factor shaping market perception. The US has imposed tariffs as high as 50% on Indian imports, significantly above many of its Asian counterparts, including Indonesia, leading to a sharp depreciation of the currency.

Rupee rises for second straight day, opens at 89.65 on likely RBI intervention

On December 19, the rupee staged a strong comeback, rising past the psychologically important 90-mark against the dollar to settle at its highest level in over two weeks

Rupee faces pressure amid rate cut, but imported inflation likely to stay contained: RBI MPC member Ram Singh

The currency has been under pressure in the last few weeks especially due to delay in the trade deal, which led to the currency hitting fresh record lows. On the other hand, the limited intervention by the RBI was also adding to the pain.

Indian Rupee’s revival: Best close in over two weeks, outperform Asian peers

According to Bloomberg data, the rupee appreciated 0.67 percent on a single day, emerging as the best-performing currency among Asian peers. Over the week, it gained 0.86 percent, and since the RBI began heavy interventions on December 16, the currency has strengthened by 1.54 percent.

20 years of the Indian Rupee: Rocky road, steady depreciation

Going ahead, the next chapter for the rupee will hinge on three critical variables: the trajectory of India-US trade talks, portfolio flows in the face of elevated US yields, and the central bank’s appetite for intervention if volatility spikes.

Rupee opens flat at 90.37 against US dollar amid likely support from RBI

The domestic currency opened at 90.3700 against the US dollar, as compared to 90.3775 against the greenback at previous close

Daily Voice: 2026 should be exciting for Indian equities, earnings likely to rebound to double-digits in FY27, says Kotak's Nilesh Shah

According to Nilesh Shah of Kotak Mahindra AMC, FII flows are likely to return in 2026 as global rate cycles ease, US growth softens, and doubts grow around overhyped AI trades elsewhere.

Why RBI’s forward market intervention matters more than spot?

The central bank increased its short dollar forward positions by $6 billion in September, marking the first rise in six months. This marks an important move by the central bank when the Indian rupee has been depreciating sharply and support was needed without reducing the forex reserves. Usually, forward position by the RBI helps the currency to cool off a bit.

Another day another low, rupee opens at 91.08 against the dollar

The rupee has slipped 5.97% this year, making it the worst performing currency in Asia followed by the Indonesian rupiah, down 3.53%, and the Philippine peso, which has declined 1.37%

Rupee to stay around 91-92/USD till FY26-end, RBI to intervene to curb sharp swings, says Axis Bank’s Neelkanth Mishra

Currency markets have no natural anchor like equity markets do. So, movements can overshoot in the short term. However, once volatility becomes excessive, the RBI will step in, Mishra said.

Rupee closes at historic low of 91.03 against US dollar

The spillover of the currency depreciation was also seen on the equity markets, which ended lower for the second consecutive day on December 16.

RBI receives 2X bids at USD/INR buy-sell swap auction; accepts $5.07 bn

The near leg or spot leg is on December 18, 2025, and the far leg is on December 18, 2028.

Rupee extends slide, hits new record low of 91.05 against US dollar

On December 15, the currency slipped to fresh record low of 90.7850, extending its year-to-date decline to about 6 percent

Why India’s strong macros aren't soothing the Rupee?

The local currency has surpassed the psychological level of 90 on December 3 and yet again recorded a low 90.5625 against the US dollar. This is despite India’s resilient macroeconomic conditions.

RBI Guv Malhotra: Blessed with best inflation, marred by worst INR depreciation

Malhotra, who took charge as RBI Governor on December 11, 2024, has overseen a 5.71% slide in the rupee during his first year in office, marking the Indian currency as the worst performer among its Asian peers.

The Currency Battleground: How undervalued yuan powers China's surplus while India's rupee tells a different story

Beyond the political noise, BIS exchange rate data exposes the true scale of competitive devaluations, showing why China's surplus is a policy outcome while India's deficit reveals a growth story

Rupee opens 5 paise down at 90.14 against the dollar on FPIs outflows

According to Bloomberg data, the rupee still remains the worst performing currency in Asia after the Indonesian rupiah and the Philippine peso

RBI to conduct $5 billion USD/INR buy/sell swap auction on December 16

As per estimates by the experts, this auction will approximately inject Rs 45,000 crore liquidity to the banking system.

Will USD/INR Buy/Sell swap help battle a turbulent rupee?

The local currency hit the all time low in this week and crossed 90-mark against the US dollar on persistent equity outflows and uncertainty around the India-US trade deal.

RBI factored in rupee’s current level while making CPI inflation projections, says Governor Sanjay Malhotra

The central bank revised down the CPI inflation by 60 basis points (Bps) for FY26 to 2 percent from 2.6 percent projected earlier.

Rupee falls 13 paise after RBI announces $5 billion 3-year USD/INR buy sell swaps

The local currency was trading at 89.98 against the dollar after opening at 89.85

Rupee opens 13 paise up against dollar at 89.85 ahead of RBI's monetary policy

A Moneycontrol poll expects the MPC to cut repo rate by 25 bps, drawing comfort from the low CPI inflation print