India’s trade deficit widened sharply in October, rising to $41.68 billion from $32.15 billion in September. The month‑on‑month increase of $9.53 billion represents roughly a 29.7% jump in the short span of one month. What this widening means A larger trade deficit means the country imported more goods and services than it exported during October. … Read more
Foreign currency assets tick up to $562.29 billion Foreign currency assets, a major component of the country’s reserves, rose by $152 million in the week ended November 14, bringing the total to $562.29 billion, the data released on Friday showed. What the change means The increase was modest — roughly 0.03% of the total — … Read more
Rupee falls to record intra-day low against the dollar The Indian rupee opened at 88.67 on the interbank foreign exchange market and quickly weakened, sliding 82 paise to touch an intra-day low of 89.50 against the US dollar. It later recovered slightly and was trading at 89.40. What happened during trading The session began with … Read more
The Indian rupee inched higher on renewed investor interest and easing global energy prices. A drop in crude oil costs, combined with fresh foreign portfolio inflows into domestic equities, provided support to the currency and eased pressure on the trade deficit. Why lower crude oil prices help the rupee India imports a large share of … Read more
Rupee slips to intra-day low after opening steady At the interbank foreign exchange market, the rupee opened at 88.63 and then lost ground, touching an intra-day low of 88.74. The modest decline reflects cautious sentiment in currency markets as traders digest global and domestic cues. What pushed the move Movements like this are usually shaped … Read more
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Dollar Stability and Tighter Foreign Flows Shape Market Mood Markets are adjusting to a backdrop where the US Dollar Index (DXY) has entered a consolidating phase, while foreign portfolio flows remain cautious because domestic equities look expensive. These two forces are quietly steering asset prices and investor behavior. What DXY consolidation means A consolidating DXY … Read more
Rupee’s modest moves held back by a strong dollar and capital outflows The rupee made only modest gains as a firm US dollar and steady foreign capital outflows capped upside momentum. Forex traders said those external pressures kept the local currency from rallying sharply, even as investors watched progress — or lack of it — … Read more
The Indian rupee opened firmer at 88.57 against the US dollar at the interbank foreign exchange market and strengthened further to trade at 88.51 in early deals, a gain of 9 paise from the previous close. Market snapshot Early-session strength pushed the rupee lower against the greenback numerically, reflecting a modest recovery in sentiment. The … Read more
Key technical zone: 88.45–88.80 The market is sitting inside a tight technical band. A decisive breakout above 88.80 or a breakdown below 88.45 is likely to set the tone for the next move. Traders are watching this range closely because it represents recent support and resistance that has contained price action. What a breakout above … Read more