RBI steps up efforts to stabilise the rupee The central bank took another visible step in the foreign exchange market, following a recent operation that strengthened its ability to intervene. One day earlier it absorbed about $5 billion from market participants through a three‑year USD/INR buy‑sell swap, a move aimed at smoothing currency volatility. What … Read more
RBI repeats intervention to steady the rupee On Wednesday, the Reserve Bank of India stepped into the foreign exchange market again, mirroring its actions in October and November when it intervened aggressively on three occasions. The moves were aimed at disrupting persistent one-way pressure on the rupee and restoring balance to currency trading. Why the … Read more
Markets wobble as trade uncertainty and fund outflows bite Indian markets have come under pressure as two forces — uncertainty over the India‑US trade deal and continued foreign institutional investor (FII) outflows — weigh on sentiment. Investors are re‑pricing risk, sending equities lower and putting pressure on the rupee. Why the market is nervous Deal … Read more
RBI should avoid aiming for a specific exchange-rate level, says Neelkanth Mishra Axis Bank chief economist Neelkanth Mishra recommends that the Reserve Bank of India adopt a flexible approach to foreign exchange interventions rather than trying to defend a particular rupee level. He argues that targeting a fixed rate can be costly and may send … Read more
Market snapshot The Indian rupee weakened about 30 paise to close at 91.0275 per USD, against the previous close of 90.73. Traders saw the currency test an intraday range with a high of 90.7625 and a low of 91.08. Intraday movement Opening/previous close: 90.73 per USD High: 90.7625 per USD Low: 91.08 per USD Closing: … Read more
Foreign investors extend selling streak, offload ₹1,468 crore Foreign portfolio investors continued their selling momentum, offloading equities worth ₹1,468 crore on the session. The fresh round of exits added to the pressure on domestic markets, reinforcing a cautious tone among traders and fund managers. What happened Net foreign selling pushed flows out of equities, marking … Read more
The local currency slipped sharply during the trading session, falling 36 paise from the previous close to touch an intraday record low of 91.14 against the US dollar before recovering some ground later in the day. Intraday volatility and recovery Markets saw a quick move lower as the currency hit its weakest level ever versus … Read more
The local currency came under clear pressure as sustained foreign institutional investor (FII) outflows combined with uncertainty over an India‑US trade deal. Investors pushed money out of local markets, while unclear trade terms kept sentiment fragile, leaving the currency vulnerable to further swings. Why FII outflows hit the currency FIIs move large sums in and … Read more
The Indian rupee has slid roughly 6% against the US dollar so far this year, making it one of the weaker performers among emerging market currencies. The move has grabbed attention from investors, importers and policymakers as the currency’s weakness feeds into prices and financial flows. How bad is the fall? The roughly 6% drop … Read more
Rupee slips to record intra-day low against US dollar The Indian rupee opened the interbank foreign exchange market at 90.53 against the US dollar and weakened further to hit a record intra-day low of 90.80. The move represented a 31-paise decline from the previous close of 90.49, a drop of roughly 0.34%. Market movement in … Read more