Central bank steps up to support the rupee The central bank’s recent actions to stabilize the rupee have become clear in two ways: foreign exchange reserves fell by about $10 billion over the past month, and the bank has increased its short dollar forward positions for the first time in six months. What changed A … Read more
Rupee slips to 88.65 against the US dollar in early trade The Indian rupee opened at 88.61 against the US dollar at the interbank foreign exchange market and eased further to 88.65, down around 15 paise from the previous close. The move reflects early trading flows as markets react to global and domestic cues. Intraday … Read more
Rupee Firm as US Shutdown Risk Eases and Trade Hopes Rise The Indian rupee strengthened as global market sentiment improved after signs of progress on a US government funding bill and growing optimism about a potential US-India trade agreement. Investors reacted to reduced near-term political risk in the US and the prospect of deeper economic … Read more
Markets Stay Subdued as Equity Momentum Fades Forex traders say a muted trend in domestic equities, coupled with continued foreign fund outflows, has dampened investor sentiment. The result: quieter trading sessions, narrower price moves, and a cautious tone across both local stocks and currency markets. What “Muted Trend” Means for Traders A muted trend typically … Read more
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