The Indian rupee closed at a record low of 89.87 against the US dollar, extending a slide that has caught the attention of importers, exporters and policy makers. The move reflects a mix of global and domestic pressures that are reshaping currency markets. Why the rupee slipped to a record low The rupee’s weakness stems … Read more
Near-term outlook: a dip then a bounce Markets are pricing a near-term move where the domestic currency could slip to the 90.25–90.50 range against the dollar before staging a recovery. This pattern reflects short-lived pressure from a stronger dollar and portfolio flows, followed by forces that typically steady the currency. Why the currency might dip … Read more
Forex Traders See Sentiment Held Back by Multiple Pressures Market participants say investor mood remains fragile as several forces converge. Currency traders point to a steady stream of foreign fund outflows from equities and continued uncertainty around the Indo-US trade talks as key factors keeping volatility elevated. Why outflows matter When foreign investors reduce exposure … Read more
Rupee slips to a fresh record low against US dollar At the interbank foreign exchange, the Indian rupee opened at 89.70 against the US dollar and then slid further to a record low of 89.85, down 32 paise from the previous close. What happened on the trading floor The currency started the session at 89.70 … Read more
The Indian rupee closed at a record low of 89.5475 per US dollar on Monday, extending pressure on the currency as market forces and policy developments weighed in. Traders pointed to several clear drivers behind the fall. What pushed the rupee lower? RBI’s maturing NDF positions: Settlements in the non-deliverable forward (NDF) market involving the … Read more
Why the rupee is under pressure Forex traders point to three main reasons for the sustained weakness in the rupee: a widening trade deficit, a delayed India‑US trade deal, and limited intervention from the central bank. Together, these factors are creating a market environment that favors a softer currency. Widening trade deficit A growing gap … Read more
The Indian rupee hit a fresh low of 89.713 per US dollar, prompting concern among businesses and investors about the currency’s near-term stability. Analysts point to a combination of a strong US dollar, delayed trade negotiations, and rising import demand as the main drivers of the slide. Why the rupee weakened Strong US dollar: Global … Read more
Rupee opens at 89.45 in early interbank trade The rupee opened at 89.45 to the dollar on the interbank foreign exchange market today. The early move sets the tone for trading as investors and corporates respond to global and domestic cues. What this opening means An opening at 89.45 signals the currency’s starting level against … Read more
Rupee down about 4% this year, but sharp falls not expected The rupee has weakened by roughly 4% year-to-date, but forecasters now see limited room for a steep decline in the near term. “Given that the rupee has already weakened by roughly 4% this year, we do not expect significant further depreciation in the near … Read more
For the week ended November 21, foreign currency assets — a major component of a country’s foreign exchange reserves — fell by USD 1.69 billion, bringing the total to USD 560.6 billion, the data release showed. What this change means Foreign currency assets are the liquid holdings central banks keep in foreign currencies, typically used … Read more