Rupee closes lower at 89.86, pares earlier losses At the end of trading on Friday, the Indian rupee settled at 89.86 to the US dollar (provisional), slipping 15 paise from its previous close. The move shows the currency gave up some earlier gains but avoided a larger slide as market participants balanced domestic and global … Read more
Rupee slips further, trades at 89.94 against the dollar The local currency opened the day at 89.84 to the US dollar on the interbank foreign exchange but lost ground and was trading at 89.94, down 23 paise from the previous close of 89.71. The modest retreat reflects continued demand for the dollar and cautious sentiment … Read more
Central bank statements fail to lift market mood Recent announcements from the central bank did not succeed in lifting investor optimism. Traders in the foreign exchange market say persistent demand for the US dollar and a climb in crude oil prices have kept pressure on sentiment, outweighing whatever reassurance the central bank tried to offer. … Read more
The Indian rupee showed a modest recovery in early trade at the interbank foreign exchange market, opening at 89.56 against the US dollar and then strengthening to 89.51. That move represented a gain of 12 paise over its previous close. Market snapshot: small gain, steady tone The intraday movement was subtle but notable: after opening … Read more
Why the local currency didn’t rise more despite positive momentum Currency markets showed some strength for the local unit, but gains were muted. Forex traders point to two main headwinds: a rise in global crude oil prices and continued foreign capital outflows. Together, these forces acted as a brake on sharper appreciation. How crude oil … Read more
Global central banks are trimming their dollar holdings A recent report finds that the share of the US dollar in global central bank reserves has been falling steadily. That shift is subtle but meaningful: central banks around the world are gradually reducing how much of their foreign-exchange buffers are held in dollars and reallocating to … Read more
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