Finance
The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has intensified amid higher […]
Economy National
The Indian rupee is expected to remain under pressure near record lows despite some relief from falling oil prices, as maturing non-deliverable forward positions and capital outflows continue to drive dollar demand. The Reserve Bank of India was seen intervening through state-run banks to limit further losses, helping the rupee hold just above its weakest-ever […]
Economy National
The rupee fell 20 paise to 93.73 against the US dollar in early trade on Tuesday, reflecting continued pressure on the Indian currency from higher crude oil prices, persistent foreign fund outflows and a firm American dollar. The decline came after the rupee had already touched record low levels in recent sessions as the West […]
Economy National
The rupee fell 31 paise to 92.32 against the US dollar in early trade on Thursday, hitting a fresh record low as rising crude oil prices and broader risk aversion weighed heavily on the Indian currency. The sharp move came amid renewed pressure on emerging market assets after energy markets reacted to escalating tensions in […]
Business Finance
The Indian rupee strengthened to ₹90.40 against the US dollar, gaining about 1.2% following news that the United States reduced tariffs on Indian goods as part of a trade agreement. The appreciation reflected improved investor sentiment and expectations of stronger foreign investment flows. Market Reaction and Trade Impact The currency had been under pressure in […]
Economy National
The Indian rupee has logged its worst monthly performance in three years, weakening sharply against the US dollar during January. Persistent pressure from foreign fund outflows and strong dollar demand pushed the currency close to record lows. RBI Steps In to Defend Key Level The rupee slipped near the ₹92 per dollar mark during the […]
Business Finance
The Indian rupee fell to a fresh record low against the US dollar, weakening past previous lows amid strong dollar demand and ongoing selling pressure from foreign investors. The depreciation reflects continued stress in the foreign exchange markets and cautious investor sentiment. Foreign Outflows and Market Impact Sustained foreign portfolio outflows from Indian equities
Economy National
The Indian rupee slipped to a record low against the US dollar on Monday, pressured by persistent foreign fund outflows and uncertainty surrounding a potential trade agreement between India and the United States. Market participants said global risk aversion and a stronger dollar added to the currency’s weakness. Traders noted that sustained selling by foreign […]