Rupee Edges Lower, Trades at 89.73 to the Dollar The local currency opened the interbank foreign exchange session at 89.67 against the US dollar but soon lost ground, trading at 89.73 — a decline of 5 paise from the previous close. The movement represents a modest weakening of the currency in early trade. What the … Read more
Forex traders said the lack of progress in US–India trade negotiations weighed on market sentiment, while a softer US dollar index offered some support to the domestic currency at lower levels. The combination of stalled talks and a weak dollar created mixed signals for traders and corporate treasuries navigating near-term currency moves. Why stalled trade … Read more
Rupee Strengthens, Touches 89.45 Against US Dollar The Indian rupee opened at 89.53 per US dollar in the interbank foreign exchange market and later strengthened to 89.45, marking a gain of 22 paise from the previous close. Market snapshot Opening rate: 89.53 per USD Intraday low (stronger rupee): 89.45 per USD Gain over previous close: … Read more
Market Snapshot Forex traders said the domestic unit found support at lower levels as local equity markets showed a positive trend and Brent crude oil hovered near USD 59 per barrel. These factors helped steady the currency after recent volatility. What helped the currency Positive domestic equities: Strength in local stocks improved investor sentiment, reducing … Read more
Forex traders are pointing to likely intervention by the Reserve Bank of India (RBI) as the reason behind a recent firming in the rupee. Market participants say the central bank’s actions to smooth volatility and protect orderly market functioning appear to have nudged the currency stronger against the dollar. Why traders suspect RBI intervention Traders … Read more
Rupee recovers to 90.04 against the US dollar The Indian rupee opened at 90.35 in the interbank foreign exchange market and later strengthened to an intra-day high of 90.04 against the US dollar. That move equates to a 34 paise gain from the previous close. Intraday snapshot Opening level: 90.35 per US dollar Intra-day high: … Read more
Rupee Inches Higher Against US Dollar in Early Trade The Indian rupee opened at 90.35 against the US dollar in the interbank foreign exchange market and later strengthened slightly to touch 90.32. The move represents a modest gain of about 3 paise intraday. Market movement Opening rate: 90.35 per US dollar Intraday low (stronger rupee): … Read more
Rupee Slide Puts Leveraged Traders at Risk of Forced Liquidation A sharp fall in the rupee can do more than dent returns — it can force brokers to liquidate leveraged positions to cover the price gap. Investors using borrowed money or margin to take larger bets face immediate pressure when the currency weakens quickly. How … Read more
Currency move appears linked to RBI’s heavy forex intervention The recent shift in the currency was apparently aided by the central bank’s aggressive intervention in the foreign exchange market. Traders and market watchers say stepped-up buying and selling by the Reserve Bank helped tame volatility and guide the currency’s path over the past sessions. What … Read more
Rupee recovers to 89.96 against the US dollar The rupee opened the day at 91.05 against the US dollar in the interbank foreign exchange market and later recovered to an intra-day high of 89.96. This move represented a gain of 97 paise from the previous close. What happened in the market The session began with … Read more