Forex traders are pointing to likely intervention by the Reserve Bank of India (RBI) as the reason behind a recent firming in the rupee. Market participants say the central bank’s actions to smooth volatility and protect orderly market functioning appear to have nudged the currency stronger against the dollar. Why traders suspect RBI intervention Traders … Read more
Rupee recovers to 90.04 against the US dollar The Indian rupee opened at 90.35 in the interbank foreign exchange market and later strengthened to an intra-day high of 90.04 against the US dollar. That move equates to a 34 paise gain from the previous close. Intraday snapshot Opening level: 90.35 per US dollar Intra-day high: … Read more
Rupee Inches Higher Against US Dollar in Early Trade The Indian rupee opened at 90.35 against the US dollar in the interbank foreign exchange market and later strengthened slightly to touch 90.32. The move represents a modest gain of about 3 paise intraday. Market movement Opening rate: 90.35 per US dollar Intraday low (stronger rupee): … Read more
Rupee Slide Puts Leveraged Traders at Risk of Forced Liquidation A sharp fall in the rupee can do more than dent returns — it can force brokers to liquidate leveraged positions to cover the price gap. Investors using borrowed money or margin to take larger bets face immediate pressure when the currency weakens quickly. How … Read more
Currency move appears linked to RBI’s heavy forex intervention The recent shift in the currency was apparently aided by the central bank’s aggressive intervention in the foreign exchange market. Traders and market watchers say stepped-up buying and selling by the Reserve Bank helped tame volatility and guide the currency’s path over the past sessions. What … Read more
Rupee recovers to 89.96 against the US dollar The rupee opened the day at 91.05 against the US dollar in the interbank foreign exchange market and later recovered to an intra-day high of 89.96. This move represented a gain of 97 paise from the previous close. What happened in the market The session began with … Read more
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