Inr

The Indian rupee is gaining ground as global investors bet on India’s economic resilience and dollar weakness, but there are risks ahead

Rupee recovers on RBI support after testing new low of 85.81, still falls most in seven months

For the year so far, the Rupee has weakened by 3% against the US dollar, and is set to post annual losses for seventh year in a row.

INR still best performing Asian currency; rupee fall may aid export competitiveness: Fin Min

Minister of State for Finance Pankaj Chaudhary said in the current year, the INR has depreciated by 1.4 percent till November 19, 2024 against the US dollar, but despite the recent fall, the rupee remains one of the best-performing Asian currencies.

Rupee’s record lows mask currency’s trade-weighted overvaluation

Rupee has underperformed Asian peers this month amid a yen trade unwinding and outflows from stocks. The central bank’s strategy to allow a weaker rupee may be aimed at correcting some REER overvaluation to boost India's trade competitiveness.

Why is the rupee falling?

ANZ's Nitin Agarwal sees the rupee's move towards record lows to be a temporary phenomenon, if the Chinese yuan stabilises with INR expected to hover around 83.60-83.65 levels, assuming no further movement in global factors.

Rupee exhibits signs of stability, here are some factors contributing to it

In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation

Rupee rises 4 paise to settle at 83.01 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.03 and touched the intraday high of 83.00 against the greenback.

Rupee closes slightly higher supported by dollar inflows

The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared with its close at 83.2750 in the previous session.

Rupee ends higher, forward premiums climb to over 2-month high

The Indian rupee strengthened on Thursday while far forward premiums rose to their highest in more than two months on rising expectations of the U.S. Federal Reserve easing monetary policy cycle.

Countries will be more willing to hold Indian bonds once rupee use increases globally: Sanjeev Sanyal

India’s efforts to internationalise the rupee has nothing to do with de-dollarization. The effort is to make the rupee a hard currency like the euro, the yen and the British pound, he said

Internationalising INR: Local currency swap deals with trade partners can provide a boost

Capital account convertibility is neither a necessary nor a sufficient condition for the success of a country’s currency internationalisation process 

Internationalising the INR will be a gradual process

One major precondition for internationalising a currency is that the economy should be international as well. India has made great progress since the opening of the economy in 1991

Convertibility needs to precede the internationalisation of the rupee

There are other important prerequisites for achieving internationalisation — the existence of deep and well-functioning domestic financial markets, a trusted legal framework for contract enforcement, low inflation, and stable and predictable macroeconomic policies

Currency Options: A low-risk and high probability options strategy in currency pair USD-INR

USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise.

Currency Options: A non-directional high probability options strategy in currency pair USD-INR

USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise

The untold story of the world’s most resilient currency

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Windfall currency gains no longer translate into higher earnings for exporters, thanks to renegotiation clauses

Rupee rises alongside Asian peers and on oil price relief

The rupee last traded at 82.5550 to the dollar, up from 82.8025 in the previous session.

Rupee recovers mild losses to end flat, forward premiums drop

The rupee ended largely unchanged at 82.8575 per dollar. It fell up to 82.9225 during the session, though moved in a narrow 10-paisa range.

Currency Options | A low risk, high probability options strategy in currency pair USD-INR

USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise on high volatility

Currency Options | A low risk and high probability options strategy for USD-INR

USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise on high volatility

Rupee appreciated 3.2% even as major global currencies declined: Das

Rupee should be allowed to find its level, said RBI Governor Shaktikanta Das

Currency Options | A low-risk, high-probability options strategy in currency pair USD-INR

USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise on a sideways trend.

A contracting RBI balance sheet detrimental to systemic stability

The RBI must tap into the foreign currency holdings of commercial banks in exchange for INR and replenish its non-issuing operations

Rupee rises 43 paise to 81.92 against US dollar

At the interbank foreign exchange market, the local unit opened at 82.14 and touched an intra-day low of 82.32 against the greenback.