Rbi Intervention

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.

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.

RBI’s rupee defence at 3-year high, $38 billion sold in January–September

The rupee has depreciated 4.10% in the calendar year and 4.26% this fiscal, according to Bloomberg data

Rupee’s fall near key level to test RBI’s tolerance for swings

The Reserve Bank of India is likely to intervene if the rupee weakens further toward 87 per dollar, according to Australia & New Zealand Banking Group Ltd. and MUFG Bank Ltd. The Indian unit is the worst hit Asian currency this quarter, weighed by surging oil prices.

RBI intervention in forex rises as Indian Rupee turns volatile

Data suggests that the forex reserves of the RBI has declined sharply by over $75 billion since September 27. This was the period when the Indian rupee depreciated from 83.70 against the US Dollar on September 27, to 87.96 against the greenback on February 10.

Attempt to stem rupee weakness should be aggressive: Jalan

Former central bank governor Bimal Jalan says, in a byte to CNBC-TV18, that the attempt either by the government or the RBI to stem rupee weakness should be aggressive.

Will rupee become senior citizen? RBI says no

The Indian rupee on Thursday hit a record low at 59.98 against the US dollar prompting the Reserve Bank of India to check its freefalling. Finally, the local currency closed at 59.57 against the greenback, nearly 1.50 percent or 87 paisa lower than the Wednesday close at 58.70 percent.

After close at 57.07/$ on Fri, here's where rupee may head

The Indian rupee‘s steep fall against the US dollar remained unabated. It closed on Friday at 57.07 per US dollar, down 0.39 percent or 22 paise from its previous close.

Rating action triggered Re fall; eyeing 57.75/$: Axis Bank

Ashok Gautam of Axis Bank tells CNBC-TV18 that the rupee's move was triggered by rating action taken yesterday by Moody‘s.

Rupee likely to trade in 56.20-56.60 range: Nirmal Bang

Nirmal Bang has come out with its report on rupee. According to the research firm, The range for the day is likely to be 56.20-60.

Rupee to hit 56 in near-term, says Barclays Capital

Barclays Capital expects spot rupee to hit 56 to the dollar in one month and then subsequently rise only to 54 within three months.

Rupee may trade in 51.85-52.35 range:Karvy Stock Broking

Karvy Stock Broking has come out with its report on currency. As per the research firm, rupee range for the day is seen between 51.85-52.35/USD.

RBI's hand is probably behind the rupee swing

The rupee slid to a two-week low mid-trade on oil importer buying and weak equities. The Indian currency however ended flat on the back of reported dollar sales by RBI.

Re hit top at 54.20/$; expect Rs 2-3 recoil soon: StanChart

CNBC-TV18 catches up with Anant Narayan, regional head of fixed income & currency trading- South Asia, Standard Chartered Bank to get his perspective on where the rupee is headed.

Rupee rebounds on China fund report, EU deal

The rupee recovered from the day's lows on Friday after European leaders reached a deal on tighter euro zone budget rules, and on reports that China's central bank plans to create a new vehicle to manage investment funds.

New Crisis: Does RBI have enough ammunition to handle

SMC Global has come out with its report on the rupee depreciation and possible RBI intervention. Here are the key observations.

RBI stance key in curbing near-term downside in Re: Nomura

With the rupee breaking its lifetime low today, Vivek Rajpal, rates strategist at Nomura India believes that it’s time for the RBI to step in to control panic.

Retracement in rupee due to RBI intervention: Citibank

Soumyo Dutta, managing director and head FXLM trading and risk treasury at Citibank believes that the quick retracement from 48 levels that was seen on Wednesday was due to RBI intervention.