Rupee slides to become Asia’s weakest currency this year The Indian rupee has fallen nearly 6% year-to-date against the US dollar, making it the weakest currency in Asia so far this year. The slide comes as steep US tariffs, some as high as 50%, on Indian goods hit exports to the country’s biggest trading partner … Read more
Rupee Likely to Face Downward Pressure Forex traders expect the rupee to trade with a negative bias after the delay in a trade deal between India and the US. The setback has the potential to dent investor confidence and increase caution among foreign funds and currency traders. Why the delay matters A trade agreement can … Read more
Market mood: rupee faces a negative bias Forex traders say the rupee is likely to trade with a negative bias amid muted domestic markets and sustained foreign fund outflows. The combination of low local demand and continued selling by overseas investors is keeping pressure on the currency. Why the rupee is under pressure Muted domestic … Read more
Rupee slips marginally against the US dollar The Indian rupee showed a little weakness in the interbank foreign exchange market, finishing the day at 89.96 against the US dollar (provisional). That was a decline of 9 paise from the previous close. Intraday movement Opening rate: 90.00 Intra-day low: 90.10 Closing (provisional): 89.96, down 9 paise … Read more
Rupee slips slightly after opening at 90.00 against the US dollar The Indian rupee opened the trading session at 90.00 against the US dollar in the interbank foreign exchange market. Early trading saw the currency lose ground and dip to 90.07, a move of seven paise from the open. Market snapshot Opening rate: 90.00 per … Read more
Dollar weakness keeps rupee from slipping further Forex traders say the rupee found support after the US dollar weakened in overseas markets. The softness in the greenback is being driven by growing expectations that the US Federal Reserve will cut interest rates in December. Why the dollar is under pressure Markets are increasingly pricing in … Read more
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