Dollar demand weighs on market mood Growing demand for the US dollar from corporates, importers and foreign portfolio investors has cooled investor enthusiasm. The uptick in dollar purchases is putting pressure on the local currency, stirring volatility in equity and debt markets and prompting investors to reassess short-term risk. What’s driving the dollar appetite? Corporate … Read more
Rupee slips to 90.09 against the US dollar At the close of trade on Monday, the Indian rupee settled at 90.09 against the US dollar, provisionally down 14 paise from the previous session. The move left the currency trading at a fresh weaker level for the day as global and domestic forces influenced demand for … Read more
Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors put pressure on the rupee, pushing the currency weaker against the greenback and increasing volatility in currency markets. Why the rupee came under pressure Corporate dollar needs: Companies buying raw materials and components from abroad often need dollars to settle invoices, raising … Read more
RBI turns to unpredictable interventions as rupee slides The Reserve Bank of India has adopted a hard-to-predict approach to managing the rupee as the currency weakens to record lows. The move is part of a more active, high-stakes effort to stabilise the exchange rate without signaling a fixed path to the market. Why unpredictability? Keeping … Read more
Forex kitty in a sustained downtrend Over the past many weeks the forex kitty has been largely in a downtrend, trimming foreign exchange reserves and drawing more attention from markets and policymakers. This steady decline matters because reserves are a key buffer against currency shocks and external pressures. What’s driving the reserve decline? Several factors … Read more
Healthy services exports and remittances likely to keep CAD modest in 2025-26 Malhotra noted that a strong performance in services exports, together with robust remittance inflows, should help keep the current account deficit (CAD) modest during 2025-26. This combination can provide a stabilising cushion for the balance of payments as the economy navigates external pressures. … Read more
Rate Cut Sparks Ripple Effects in the Currency Market The central bank’s first rate cut in six months immediately shook up the currency market. Forex traders reacted quickly, pricing in a mix of outcomes as liquidity measures and persistent economic pressures collide. Why the market moved A rate cut typically reduces domestic yields, which can … Read more
Rupee slips after RBI monetary policy announcement The Indian rupee weakened following the Reserve Bank of India’s monetary policy announcement, slipping to 90.05 against the US dollar. This marked a decline of 16 paise from the previous close of 89.89. Market movement at a glance Opening/previous close: 89.89 Latest level: 90.05 Change: -0.16 (16 paise) … Read more
Rupee Firms, Touches 89.69 Against US Dollar The Indian rupee opened at 89.85 against the US dollar in the interbank foreign exchange market and strengthened further in early trade, touching 89.69. This marks a gain of about 20 paise from the previous session’s close. Intraday Movement at a Glance Opening rate: 89.85 per US dollar … Read more
The currency market found some relief on signs of a softer dollar after weaker-than-expected US ADP payroll numbers, while talk of possible Reserve Bank intervention helped steady the local unit. Traders said the combination reduced near-term volatility and eased one-sided moves against the currency. Why the dollar softened The US ADP payroll report, which measures … Read more