Market snapshot The Indian rupee weakened about 30 paise to close at 91.0275 per USD, against the previous close of 90.73. Traders saw the currency test an intraday range with a high of 90.7625 and a low of 91.08. Intraday movement Opening/previous close: 90.73 per USD High: 90.7625 per USD Low: 91.08 per USD Closing: … Read more
Foreign investors extend selling streak, offload ₹1,468 crore Foreign portfolio investors continued their selling momentum, offloading equities worth ₹1,468 crore on the session. The fresh round of exits added to the pressure on domestic markets, reinforcing a cautious tone among traders and fund managers. What happened Net foreign selling pushed flows out of equities, marking … Read more
The local currency slipped sharply during the trading session, falling 36 paise from the previous close to touch an intraday record low of 91.14 against the US dollar before recovering some ground later in the day. Intraday volatility and recovery Markets saw a quick move lower as the currency hit its weakest level ever versus … Read more
The local currency came under clear pressure as sustained foreign institutional investor (FII) outflows combined with uncertainty over an India‑US trade deal. Investors pushed money out of local markets, while unclear trade terms kept sentiment fragile, leaving the currency vulnerable to further swings. Why FII outflows hit the currency FIIs move large sums in and … Read more
The Indian rupee has slid roughly 6% against the US dollar so far this year, making it one of the weaker performers among emerging market currencies. The move has grabbed attention from investors, importers and policymakers as the currency’s weakness feeds into prices and financial flows. How bad is the fall? The roughly 6% drop … Read more
Rupee slips to record intra-day low against US dollar The Indian rupee opened the interbank foreign exchange market at 90.53 against the US dollar and weakened further to hit a record intra-day low of 90.80. The move represented a 31-paise decline from the previous close of 90.49, a drop of roughly 0.34%. Market movement in … Read more
Rupee slips to fresh intraday low against the dollar The rupee opened at 90.53 against the US dollar in the interbank foreign exchange market and weakened further to an intraday low of 90.58, marking a decline of 9 paise from the previous close of 90.49. Market snapshot Previous close: 90.49 per USD Open: 90.53 per … Read more
The one-month non-deliverable forward suggests the Indian rupee is set to open slightly weaker against the US dollar, in a narrow band of 90.46–90.52. The onshore spot rupee had settled at 90.4150 on Friday. What the 1-month NDF means Non-deliverable forwards (NDFs) are contracts used to hedge and price currencies that are not freely tradable. … Read more
RBI’s gold reserves climb to $106.984 billion Reserve Bank of India’s latest data shows the country’s gold reserves are now valued at $106.984 billion. That is an increase of $1.033 billion from the previous week. Quick facts Current value: $106.984 billion Weekly change: +$1.033 billion Approximate rise: ~0.98% week-on-week What this means A weekly rise … Read more
The rupee is under pressure as importers step up aggressive dollar buying to pay for rising imports of precious metals, forex traders say. Surging global prices for metals such as gold and silver have pushed import bills higher, lifting demand for dollars and weighing on the local currency. Why importers are buying more dollars Global … Read more