Rupee trades in a narrow band against the US dollar At the interbank foreign exchange market, the rupee opened at 88.64 against the US dollar. During the session it touched an intraday high of 88.64 and a low of 88.71 against the greenback. Quick snapshot Opening level: 88.64 per US dollar Intraday high: 88.64 Intraday … Read more
On Friday, the Indian rupee slipped 2 paise to 88.65 against the US dollar. The small move reflects ongoing sensitivity to global cues and currency flows even as markets remain watchful of domestic and international developments. What may have driven the move Stronger dollar: A firm US dollar often puts pressure on emerging-market currencies, including … Read more
Forex reserves slide for most of the month, with a single week of relief Over the past month, the country’s foreign exchange reserves trended downward for almost every week, with the exception of one week that recorded a modest uptick. That lone bounce provided temporary relief but did not reverse the broader decline. What likely … Read more
Rupee slips as global risk-off mood and strong dollar weigh The rupee weakened today, pressured by a global risk-off sentiment and a firm US dollar. Markets moved cautiously as investors sought safer assets, leaving emerging-market currencies like the rupee vulnerable. Key drivers behind the fall Strong US dollar: A firmer dollar reduced demand for riskier … Read more
The Indian rupee found some support from a softer dollar index, but gains were limited as weak domestic equity sentiment and continued foreign capital outflows kept pressure on the currency. Markets reacted cautiously, balancing global currency moves against local investment trends. How the dollar helped The recent weakness in the dollar index provided a tailwind … Read more
Dollar slips as markets shift The U.S. dollar eased, with the dollar index falling 0.16% to 99.90. Traders dialed back on dollar bets as market focus shifted to interest-rate expectations, economic data and risk appetite across global markets. Why the dollar moved Rate expectations: Small changes in expectations for Federal Reserve policy can move the … Read more
Market snapshot The 1-month non-deliverable forward (NDF) suggests the Indian rupee will open in the 88.60–88.62 range versus the US dollar. The onshore rupee had settled at 88.6550 on Tuesday, so the NDF implies a marginally firmer start to the session. What the NDF is telling traders An NDF quotes market expectations for the currency’s … Read more
Rupee’s gains kept in check by external and domestic pressures The Indian currency managed only modest movement as Forex traders pointed to a firm US dollar, continued outflows of foreign funds and subdued domestic equity markets as the main reasons limiting a sharper rise. What held the rupee back? Firm dollar: A strong dollar typically … Read more
The Indian rupee snapped a brief slide on Tuesday, strengthening after several sessions near a record low. Traders said the central bank likely stepped in to support the currency, lifting it away from pressure points. Quick market move After trading close to a record low of 88.80 for three straight sessions, the rupee rose to … Read more
Rupee Strengthens Early in Interbank Trade The rupee opened at 88.55 and was quoting 88.56 against the US dollar in early interbank deals, moving sharply higher by 21 paise from the previous close. Quick snapshot Opening rate: 88.55 per US dollar Early trade: 88.56 per US dollar Change: +21 paise (about 0.24% stronger) Previous close: … Read more