FINREX TREASURY
Rupee falls 15 paise, RBI support said to prevent bigger drop
On Friday, the Indian rupee took a dip, settling at 87.9750 against the dollar. Thanks to the Reserve Bank of India's timely intervention, the decline was cushioned. While the rupee enjoyed a commendable two-day uptrend, a surge in dollar demand coupled with global risk aversion dampened its gains.
Rupee rises 40 paise to 87.68 against US dollar in early trade
The Indian Rupee strengthened by 40 paise against the US Dollar in early trade on Thursday. This rise was supported by central bank intervention and a weaker dollar index. Positive domestic stock markets, lower crude oil prices, and renewed foreign fund inflows also contributed to investor confidence.
Rupee recovers 88 paise from its all-time closing low to 87.93 against US dollar in early trade
The Indian rupee has made a strong recovery against the US dollar. This rebound comes after the US Federal Reserve signaled potential rate cuts. Falling crude oil prices and intervention by the Reserve Bank of India also supported the rupee. The dollar index has eased, boosting investor confidence in the domestic currency. Stock markets are also showing gains.
Rupee falls 9 paise to 88.77 against US dollar in early trade
The rupee depreciated by 9 paise to 88.77 against the US dollar, influenced by a strong dollar globally and foreign fund outflows. Despite optimism around India-US trade talks, the Reserve Bank of India is monitoring the USDINR pair's movement towards 88.80. Domestic equity markets, however, saw a rebound.
Rupee falls 5 paise to 88.77 against US dollar in early trade
The Indian rupee weakened by 5 paise to 88.77 against the US dollar on Monday. This movement occurred amid global risk aversion and a strong dollar. The Reserve Bank of India is closely watching the rupee's depreciation. Domestic equity markets also saw a decline. Foreign investors were net buyers of equities on Friday. India's forex reserves experienced a slight decrease.
Rupee trades flat in range-bound trade, hovers near all-time lows against US dollar
The rupee traded nearly flat at 88.78 against the US dollar on Friday, hovering near all-time lows due to a stronger greenback. Forex traders anticipate the rupee to remain in a narrow range, with potential to breach the 88.80 closing low if the RBI doesn't intervene.
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Rupee falls 3 paise to 88.78 against US dollar in early trade
The Indian Rupee saw a slight dip today, trading at 88.78 against the US Dollar. Investors are closely monitoring US fiscal developments and trade tariffs. Positive domestic equity market trends provided some support. Foreign investors bought equities, indicating continued interest. The Reserve Bank of India is reportedly managing the Rupee's movement. Global oil prices also experienced a decline.
Rupee rises 5 paise to 88.74 against US dollar in early trade
Forex traders said the rupee is trading in a tight range as it remains under pressure due to continued capital outflows and geopolitical developments.
Rupee falls 5 paise to 88.76 against US dollar in early trade
The Indian rupee depreciated by 5 paise to 88.76 against the US dollar on Friday morning, driven by a stronger greenback and negative domestic equity trends. Forex traders attributed the weakness to US policies, trade tensions, global uncertainties, and persistent foreign fund outflows.
Dollar/rupee one-day swap rate surges on quarter-end flows; spot flat
The dollar/rupee swap rate increased on Tuesday. This rise was linked to quarter-end flows. The spot rate stayed stable. It remained near its all-time low. Banks parked excess dollars. Markets now anticipate the Reserve Bank of India's policy. The RBI will decide on interest rates tomorrow. This decision will guide the rupee's direction.
Rupee rises 3 paise to 88.72 against dollar in early trade
The rupee rose 3 paise to 88.72 against the US dollar, buoyed by falling crude oil prices and positive domestic equity markets, though FII outflows limited sharper gains. Markets are now awaiting the RBI's policy decision on Wednesday, amidst geopolitical tensions and the US imposing 100% tariffs on Indian branded drugs, with exemptions for US-based manufacturing.
Rupee rises 3 paise to 88.69 against US dollar in early trade
The rupee rose 3 paise to 88.69 against the US dollar, trading in a tight range due to capital outflows and geopolitical developments. The RBI's upcoming policy meeting and potential intervention are closely watched amidst new US tariffs on drugs. Meanwhile, India's forex reserves dropped, even as domestic equity markets rebounded.
Rupee recovers from all-time low, rises 6 paise to 88.70 against US dollar in early trade
The rupee rebounded slightly to 88.70 against the US dollar due to a weaker greenback and hopes for progress in India-US trade negotiations. However, the gains were limited by continuous foreign fund outflows and rising international crude oil prices. Markets are awaiting the RBI's rate decision amid these economic pressures and geopolitical uncertainties.
Rupee falls 7 paise to 88.80 against US dollar in early trade
The Indian Rupee weakened to 88.80 against the US dollar due to tariff and visa concerns. Foreign funds are flowing out. Enhanced US tariffs and H-1B visa fee hikes affected investor sentiment. The Reserve Bank of India may allow further weakening to help exporters. Sensex and Nifty also experienced declines. Foreign Institutional Investors sold off equities worth Rs 3,551.19 crore.
Rupee hits record low amid rising US visa fees and tariffs
The Indian rupee plummeted to a record low of 88.7975 against the dollar, becoming the worst-performing Asian currency due to rising US visa fees and trade tensions. These factors threaten India's IT sector and remittances, exacerbating pressures from high tariffs and weak foreign investment. The RBI's limited intervention suggests a possible strategy to aid exporters amidst trade uncertainties.
Rupee hits record low at 88.79 per dollar
The Indian rupee hit a record low of 88.7975 per dollar, pressured by higher US visa fees, tariffs, weak foreign inflows, and IT sector concerns, making it Asia’s worst-performing currency.
Rupee slides to all-time low of 88.53 on US visa fee hike, subdued foreign flows
The Indian Rupee weakened significantly against the US Dollar, hitting a record low. This decline is attributed to factors like increased US tariffs and H-1B visa fee hikes. Domestic markets also experienced risk aversion. Piyush Goyal is leading a delegation to the US for trade talks. The Sensex and Nifty also saw declines. Foreign Institutional Investors offloaded equities.
Rupee falls 16 paise to 88.01 against US dollar in early trade
The rupee weakened to 88.01 against the US dollar following a US FED rate cut and its indication of further lowering borrowing costs. While the dollar index rose, Brent crude oil prices slightly decreased. Indian equity markets saw gains, but foreign institutional investors were net sellers.
Rupee strengthens for third day, closes at 88.05 vs US Dollar on Fed cut hopes
The Indian rupee rose for the third straight session, closing at 88.05 per dollar, supported by a weaker dollar, stronger equities, and optimism ahead of the US Fed policy outcome.
Rupee falls 4 paise to 88.30 against US dollar in early trade
The Indian rupee depreciated slightly to 88.30 against the US dollar due to tariff pressures and foreign portfolio outflows, despite potential RBI intervention and hopes for a US rate cut. Market sentiment is also influenced by US Commerce Secretary's warning about India's tariffs and their impact on trade relations.
Rupee hits new low on heavy dollar demand
The Indian rupee plummeted to a new record low of 88.4425 against the dollar on Thursday, driven by strong dollar demand from importers and growing worries about the impact of US tariffs on India's economic growth.
Rupee falls 5 paise to 88.16 against US dollar in early trade
The Indian rupee weakened slightly to 88.16 against the US dollar amid anticipation of India-US trade talks. The rupee is expected to fluctuate between 87.50 and 88.40 in the near term, influenced by tariff negotiations and potential RBI intervention. Market sentiment is also shaped by upcoming CPI data and expectations of a Federal Reserve rate cut.
Rupee rises 5 paise to 88.10 against US dollar in early trade
The rupee strengthened to 88.10 against the US dollar, buoyed by FII inflows and a weaker greenback. Gains were limited by rising global crude oil prices, fueled by geopolitical tensions. Positive sentiments arose from FII investments and potential trade negotiations between the US and India, influencing market dynamics.
Rupee rises 1 paisa to 88.11 against US dollar in early trade
The rupee slightly appreciated to 88.11 against the US dollar due to a weaker greenback and lower crude oil prices. However, persistent foreign institutional investor outflows limited further gains. Positive domestic equity market sentiment, with Sensex and Nifty rising, provided additional support to the rupee.
Rupee falls 12 paise to close at 88.14 against US dollar
The rupee fell 12 paise to close at 88.14 (provisional) against the US dollar on Thursday amid sustained foreign fund outflows and a stronger greenback.
Rupee falls 1 paisa to 88.03 against US dollar in early trade
The Indian Rupee experienced a slight dip against the US dollar, settling at 88.03. This occurred amidst foreign investment outflows and a strong dollar. However, GST rate cuts and lower oil prices cushioned the fall. The services sector showed strong growth. Sensex and Nifty saw gains. Foreign investors sold off equities. Market watchers anticipate a trading range for the rupee.
Rupee slips 17 paise to 88.26 against US dollar on FPI outflows
The Indian rupee weakened against the US dollar on Monday. It fell to 88.26 due to foreign fund outflows. This decline happened despite positive domestic economic data. The Reserve Bank of India's intervention to protect the rupee led to a drop in forex reserves. Sensex and Nifty indices saw gains in early trading.
Rupee falls 18 paise to 87.76 against US dollar in early trade
The Indian Rupee weakened to 87.76 against the US dollar. This decline was influenced by continuous withdrawal of investments by foreign investors. Demand for dollars at the end of the month also contributed. US tariffs are expected to negatively impact Indian exports. Government is planning support for exporters. Sensex and Nifty showed positive movement.
Rupee rises 6 paise to close at 87.63 against US dollar
The rupee saw a slight increase against the dollar. This rise happened because the dollar weakened and crude oil prices dropped. However, new US tariffs on Indian goods and a dip in the Indian stock market kept the rupee from rising even more. The Sensex and Nifty both experienced declines. Foreign investors sold off a significant amount of equities.
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