Market snapshot The 1-month non-deliverable forward (NDF) suggests the Indian rupee will open in the 88.60–88.62 range versus the US dollar. The onshore rupee had settled at 88.6550 on Tuesday, so the NDF implies a marginally firmer start to the session. What the NDF is telling traders An NDF quotes market expectations for the currency’s … Read more
Rupee’s gains kept in check by external and domestic pressures The Indian currency managed only modest movement as Forex traders pointed to a firm US dollar, continued outflows of foreign funds and subdued domestic equity markets as the main reasons limiting a sharper rise. What held the rupee back? Firm dollar: A strong dollar typically … Read more
The Indian rupee snapped a brief slide on Tuesday, strengthening after several sessions near a record low. Traders said the central bank likely stepped in to support the currency, lifting it away from pressure points. Quick market move After trading close to a record low of 88.80 for three straight sessions, the rupee rose to … Read more
Rupee Strengthens Early in Interbank Trade The rupee opened at 88.55 and was quoting 88.56 against the US dollar in early interbank deals, moving sharply higher by 21 paise from the previous close. Quick snapshot Opening rate: 88.55 per US dollar Early trade: 88.56 per US dollar Change: +21 paise (about 0.24% stronger) Previous close: … Read more
Rupee edges toward record low as dollar strengthens The rupee is moving closer to its all-time low as a combination of foreign fund outflows and a firm US dollar keeps pressure on the currency. Market analysts say the headwinds persist even though local equities showed resilience and crude oil prices eased a little. What’s driving … Read more
Rupee gives up early gains after surprise dollar sales by central bank The rupee briefly strengthened last month but failed to hold those gains after the Reserve Bank of India (RBI) unexpectedly sold large amounts of dollars. The central bank’s intervention aimed to cool speculative moves against the currency, yet the market reversed course soon … Read more
Rupee under pressure as foreign flows turn negative The rupee has weakened amid sustained foreign capital outflows and a jump in crude oil prices. Foreign investors have pared back investments in domestic markets, weighing on sentiment and adding downward pressure on the currency. Why the rupee is sliding Foreign capital outflows: Overseas investors selling equities … Read more