rupee falls 3 paise against US dollar
Mumbai, Sep 27 (PTI) The rupee declined 3 paise to settle at 83.69 against the US dollar on Friday amid subdued domestic equity markets and increased month-end demand for the American currency. However, sliding crude prices in the international market and renewed foreign fund inflows supported the local unit and restricted the fall, forex dealers […] Key Points
ThePrintrupee rises 3 paise against US dollar
Mumbai, Aug 14 (PTI) The rupee traded in a narrow range to settle 3 paise higher at 83.94 against the American currency on Wednesday, helped by a sharp decline in the US Dollar against major currencies overseas. Forex traders said a mixed-to-positive tone in the domestic market also supported the rupee. However, foreign fund outflows […] Key Points
ThePrintDigitalisation will help rupee become global: RBI report
The Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internationalisation of the rupee. This will lower transaction costs for cross-border trade and investments, and reduce exchange rate risk. Key Points
Economic Timesrupee plunges 17 paise to hit lowest level of 83.61 against US dollar second time in 4 weeks
Mumbai, Apr 16 (PTI) The rupee plunged 17 paise to hit its lowest level of 83.61 against the US dollar for the second time in four weeks on Tuesday, tracking negative equity markets and a strong greenback against major crosses overseas amid geopolitical tensions. Forex traders said a weak appetite for riskier assets and sustained […] Key Points
ThePrintrupee falls 7 paise against US dollar
Mumbai, Apr 12 (PTI) The rupee depreciated 7 paise to close at 83.38 against the US dollar on Friday, weighed down by a massive sell-off in domestic equities and a strong greenback against major crosses overseas. Forex traders said elevated crude oil prices also dented investor sentiments. At the interbank foreign exchange market, the local […] Key Points
ThePrint
Why is rupee at an all-time low when all economic indicators are favourable? Indranil Sengupta explains
Indranil Sengupta discusses the impact of a strengthening dollar on the rupee, emphasizing the importance of building forex reserves. He forecasts rate cuts, strong growth, and a rally in bond yields by mid-2025. He also says that inflation is yesterday's story. We are moving from El Nino to La Nina. So, food inflation will come down. Key Points
Economic Timesrupee falls 6 paise to 83.39 against US dollar
Mumbai, Mar 28 (PTI) The rupee depreciated 6 paise to settle at 83.39 against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets. However, a firm trend in domestic equity markets and recent foreign fund inflows supported the domestic currency, forex […] Key Points
ThePrintrupee falls 4 paise to close at 83.33 against US dollar
Mumbai, Mar 27 (PTI) The rupee declined by 4 paise to close at 83.33 against the US dollar on Wednesday, tracking a strong American currency against major rivals overseas and weak Asian peers. However, foreign fund inflows, a surge in domestic markets and a decline in crude oil prices cushioned the downside, forex traders said. […] Key Points
ThePrintrupee jumps 32 paise to close at 83.29 against US dollar
Mumbai, Mar 26 (PTI) The rupee recovered from all-time low level and appreciated 32 paise to close at 83.29 against the US dollar on Tuesday on decline in the US dollar and positive Asian currencies. Forex traders said weak domestic markets and surge in crude oil prices capped sharp gains for the local unit. At […] Key Points
ThePrintrupee falls 48 paise to hit all-time low of 83.61 against US dollar
Mumbai, Mar 22 (PTI) The rupee depreciated 48 paise to settle at an all-time low of 83.61 against the American currency on Friday, tracking a surging greenback against major crosses in the overseas markets and weak Asian peers. Foreign fund outflows also dented market sentiment, forex traders said. At the interbank foreign exchange market, the […] Key Points
ThePrintrupee falls 4 paise to settle at 82.90 against dollar
Mumbai, Mar 18 (PTI) The rupee declined by 4 paise to settle at 82.90 against the US currency on Monday as strong American currency and worries over rising global crude oil prices weighed on the local unit. Forex traders said gains in domestic stock markets restricted the downfall of the domestic currency. The local unit […] Key Points
ThePrintrupee falls 4 paise to settle at 82.90 against dollar on firm crude oil prices
India Business News: The rupee declined by 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices. Gains in domestic stock mar Key Points
Times Of Indiarupee falls 8 paise to settle at 82.75 against US dollar
Mumbai, Mar 11 (PTI) The rupee declined by 8 paise to settle at 82.75 against the US dollar on Monday, tracking bearish equity markets. Forex analysts said weakness in the US dollar and a decline in crude oil prices cushioned the downside. At the interbank foreign exchange market, the local unit opened at 82.74 and […] Key Points
ThePrintrupee jumps 16 paise against US dollar
Mumbai, Mar 7 (PTI) Rising for the second straight session, the rupee climbed 16 paise to settle at 82.67 against the US dollar on Thursday, tracking a weak American currency against major crosses overseas and a positive trend in equity markets. Besides, sustained foreign fund inflows and falling crude oil prices boosted the local currency, […] Key Points
ThePrintrupee rises 7 paise against US dollar
Mumbai, Mar 6 (PTI) The rupee appreciated 7 paise to settle at 82.83 against the US dollar on Wednesday, buoyed by a weak American currency against major rivals overseas and a rally in domestic equities. However, surging crude oil prices in international markets put pressure on the local currency and restricted the rise, forex traders […] Key Points
ThePrintrupee ends flat against US dollar
Mumbai, Mar 5 (PTI) The rupee settled unchanged at 82.90 against the US dollar on Tuesday amid a strong greenback against major rivals overseas and a negative trend in equity markets. The Indian currency remained under pressure due to volatile crude oil prices, according to forex traders. At the interbank foreign exchange market, the local […] Key Points
ThePrintrupee gains 2 paise against US dollar
Mumbai, Feb 29 (PTI) The rupee on Thursday appreciated 2 paise to close at 82.89 against the US dollar, tracking a weak greenback against major crosses overseas and lower crude oil prices. Besides, a positive trend in equity markets also supported the domestic unit, forex traders said. However, market participants were also cautious ahead of […] Key Points
ThePrintrupee falls 6 paise to close at 82.91 against US dollar
Mumbai, Feb 23 (PTI) The rupee consolidated in a narrow range and depreciated by 6 paise to close at 82.91 against the US dollar on Friday, tracking a muted trend in domestic equities. Forex traders said foreign fund inflows supported the rupee at lower levels and contained the downslide. At the interbank foreign exchange market, […] Key Points
ThePrintrupee rises 4 paise to settle at 82.97 against US dollar
Mumbai, Feb 20 (PTI) The rupee appreciated 4 paise to settle at 82.97 against the US dollar on Tuesday amid robust equity market sentiment and a weak American currency. Forex traders said sustained foreign funds outflows capped a sharp gain in the domestic currency. At the interbank foreign exchange market, the local unit opened at […] Key Points
ThePrintrupee rises 6 paise against US dollar
Mumbai, Jan 31 (PTI) The rupee appreciated 6 paise to 83.04 against the US dollar on Wednesday, supported by a firm trend in domestic equities. Market participants remained cautious ahead of the interim Budget, scheduled to be presented on February 1, traders said, adding that a strengthening American currency in the overseas market also capped […] Key Points
ThePrintrupee settles 1 paisa higher against US dollar
Mumbai, Jan 25 (PTI) The rupee rose 1 paisa in a range-bound trade to close at 83.11 against the US dollar on Thursday, as the support from weak American currency overseas was negated by rising crude oil prices. Forex traders said the rupee is trading in a narrow range as muted domestic equities and sustained […] Key Points
ThePrintrupee cedes ground pressured by decline in Asian peers
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee weakened on Tuesday tracking a fall in its Asian peers amid persistent moderation in bets on aggressive rate cuts by the U.S. Federal Reserve. The Key Points
ThePrintrupee plunges 26 paise against US dollar
Mumbai, Jan 16 (PTI) The rupee slumped 26 paise to 83.12 against the US dollar on Tuesday, as a strong greenback against major rivals overseas and a negative equity market dented investor sentiment. Besides, volatile crude oil prices in the international markets weighed on the domestic currency, forex traders said. At the interbank foreign exchange, […] Key Points
ThePrintRate of rupee depreciation coming down: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has stated that the rate of rupee depreciation has decreased, expressing optimism that in 8-10 years, the rupee will start appreciating against the US dollar, contributing to faster economic growth. Goyal highlighted collaborative efforts between the Reserve Bank of India and the finance ministry to spur economic growth. Key Points
Economic TimesIndian rupee strengthened under Modi govt: Meghwal
New Delhi, Jan 13 (PTI) Law Minister Arjun Ram Meghwal on Saturday said the Indian rupee has strengthened during the tenure of the Narendra Modi government. He also credited the role played by B R Ambedkar in taking on the then British rulers who tried to weaken the currency. Talking to reporters here after attending […] Key Points
ThePrintrupee jumps 10 paise against US dollar
Mumbai, Jan 10 (PTI) Rising for the sixth straight session, the rupee jumped 10 paise to 83.03 against the US dollar on Wednesday, tracking a firm trend in equity markets and easing crude prices. A weak greenback overseas and expectations of favourable global and domestic macroeconomic data also boosted the domestic currency, forex traders said. […] Key Points
ThePrintrupee rises 9 paise against US dollar
Mumbai, Jan 5 (PTI) The rupee appreciated 9 paise to close at 83.15 against the US dollar on Friday, helped by a positive trend in domestic equities and fresh foreign capital inflows. However, rising crude oil prices in international markets and a strong greenback overseas restricted gains for the local unit, forex traders said. At […] Key Points
ThePrintIndia's no longer 'fragile', can weather global market volatility
In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies. Forecasts project a reduced CAD and stable rupee for the upcoming fiscal years. Key Points
Economic Timesrupee settles 2 paise higher at 83.30 against US dollar
Mumbai, Jan 3 (PTI) The rupee stayed range-bound and settled 2 paise higher at 83.30 against the US dollar on Wednesday, amid volatility in crude oil prices and outflow of foreign funds. Forex traders said the Indian currency also remained under pressure due to a negative trend in domestic equities. At the interbank foreign exchange […] Key Points
ThePrintIndian rupee may rise to 81/USD by 2024 end amid robust inflow hopes - Goldman Sachs
MUMBAI (Reuters) - The Indian rupee is likely to appreciate to 81 against the U.S. dollar over the next 12 months amid expectations of heavy foreign capital inflows, Goldman Sachs said in a note on Key Points
ThePrintrupee rebounds 14 paise to 83.20 against US dollar
Mumbai, Dec 28 (PTI) The rupee rebounded after two straight days of fall to settle 14 paise higher at 83.20 against the US dollar on Thursday, amid a weak American currency overseas and a rally in domestic equity markets. The inflow of foreign funds and a downward trend in crude oil prices also supported the […] Key Points
ThePrintrupee gauges rally in oil prices, broadly softer dollar
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday amid an uptick in most Asian currencies and a rally in oil prices. Non-deliverable Key Points
ThePrintrupee may weaken despite broadly positive Asian cues
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is likely to decline slightly at open on Tuesday, in spite on an uptick on most Asian currencies after a U.S. inflation print reinforced expectations Key Points
ThePrintrupee jumps 27 paise against US dollar amid stocks rally
Mumbai, Dec 15 (PTI) The rupee jumped by 27 paise to close at 83.03 against the US dollar on Friday following unabated foreign fund inflows and a record-breaking rally in domestic stocks. At the interbank foreign exchange market, the rupee opened flat at 83.30 against the dollar. After touching the day’s low of 83.32 in […] Key Points
ThePrintrupee recovers 10 paise against US dollar as rate hike fear eases
Mumbai, Dec 14 (PTI) The rupee recovered from all-time lows to close at 83.30 against the US dollar on Thursday, gaining 10 paise as the greenback weakened in the overseas markets following signals that rate hikes by the US Federal Reserve were over. A stellar rally in domestic equities fuelled by foreign fund inflows also […] Key Points
ThePrint
The bull on the run—Sensex, Nifty hit record highs
Apart from US Fed Reserve outcome, there seem to be some India-centric reasons as well. Sensex jumped 796.64 points to hit an all-time high of 70,381.24 and Nifty Key Points
The Tribune Indiarupee closes at new low of 83.4/$
India Business News: The rupee closed at a new low of 83.4 against the dollar in Mumbai. Dealers stated that this was only a mathematical development and the currency has Key Points
Times Of Indiarupee falls 3 paise to revisit all-time low of 83.40 against US dollar
Mumbai, Dec 13 (PTI) The rupee depreciated 3 paise to revisit all-time closing low of 83.40 against the US dollar on Wednesday amid a strong American currency overseas. Forex traders said a steep fall in crude oil prices from USD 76 per barrel to the below USD 73 level provided support, but a muted trend […] Key Points
ThePrintrupee falls to record closing ahead of U.S. Fed outcome
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee fell to its record closing low on Wednesday as an uptick in the dollar index pressured the local unit ahead of the U.S. Federal Reserve's monetary Key Points
ThePrintrupee ends flat tracking subdued Asia FX; US CPI data in focus
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee ended little changed on Tuesday and hovered in a tight range tracking subdued moves in its Asian peers as markets await a key U.S. inflation Key Points
ThePrintrupee inches up but may tiptoe in tight range ahead of US CPI, Fed outcome
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee edged higher on Tuesday, with traders anticipating a narrow trading range as they await a closely watched U.S. inflation report and the outcome of Key Points
ThePrintEnigma: Why is rupee falling even as Sensex surges
The rupee reached a new low against the dollar while the sensex hit new all-time highs. This anomaly occurred as the rupee breached 83.39 for the first time on the day the sensex closed at a new high. The surge in domestic investors and the decoupling of the rupee-dollar from other currency pairs have contributed to this phenomenon. Indian corporates robust earnings and inclusion in emerging market bond indices by JP Morgan have also played a role. RBI has used its reserves to support the currency and protect the economy from a higher import bill. Key Points
Economic TimesMarket soars but rupee hits new low
The rupee reached a new low against the dollar while the sensex hit new all-time highs. This anomaly occurred as the rupee breached 83.39 for the firs Key Points
Times Of Indiarupee gains 3 paise against US dollar
Mumbai, Dec 11 (PTI) The rupee appreciated 3 paise to 83.37 against the American dollar on Monday as investors stayed on the sidelines ahead of the US Federal Reserve meeting on interest rates. Persistent foreign fund inflows supported the rupee, but a strengthening US dollar overseas capped the gains, forex traders said. The US Federal […] Key Points
ThePrintIndia's central bank likely sold US dollars to limit rupee's losses
MUMBAI (Reuters) - The Reserve Bank of India likely sold U.S. dollars on Monday to curb losses in the rupee, as the currency opened trading near its lifetime low, four traders told Reuters. The rupee Key Points
ThePrintrupee falls 4 paise against US dollar
Mumbai, Dec 7 (PTI) The rupee depreciated 4 paise to close at 83.36 against the US dollar on Thursday, tracking elevated American currency in the overseas market and a muted trend in domestic equities. Forex traders said the rupee traded in a narrow range as the support from easing crude oil prices was negated by […] Key Points
ThePrintrupee rises 5 paise against US dollar
Mumbai, Dec 6 (PTI) The rupee appreciated 5 paise to close at 83.32 against the US dollar on Wednesday, helped by a bullish trend in domestic equities and lower crude oil prices. Forex traders said elevated American currency in the overseas markets and dollar buying by the Reserve Bank of India (RBI) capped sharp gains […] Key Points
ThePrintDecoding the fall and rise of India’s forex reserves
On 14 July, India’s forex reserves stood at $609 billion. On 20 October, they hit a recent low of $583.5 billion before rising again slightly to $597.9 billion on 24 November Key Points
mintIndia rupee to inch lower on recovery in US dollar, bond yields
The Indian rupee is likely to decline slightly on Tuesday after U.S. Treasury yields recovered from their lowest level in 3 months and the dollar index ticked higher. Key Points
Reutersrupee falls 5 paise to close at 83.38 against US dollar
Mumbai, Dec 4 (PTI) The rupee pared its initial gains and settled lower by 5 paise at 83.38 against the US dollar on Monday amid a recovery in the greenback in overseas markets and dollar buying by lenders. Forex traders said the rupee gained earlier in the day as domestic equity indices surged to record […] Key Points
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rupee ends down on importers' dollar buys, recovery in greenback
The Indian rupee fell on Monday as a slight recovery in the U.S. dollar and strong dollar demand from local companies blunted positive cues that boosted equity indexes to record highs. Key Points
Reutersrupee to open higher on robust India GDP, cooling US inflation
The Indian rupee is likely to open higher on Friday following robust domestic economic data, while a separate report indicated U.S. inflation was cooling. Key Points
Reutersrupee rises 2 paise to settle at 83.32 against US dollar on FII inflows
Mumbai, Nov 29 (PTI) The rupee appreciated by 2 paise to close at 83.32 against the US dollar on Wednesday in its second straight day of gains following FII inflows into capital markets and strong stocks rally. A weak American currency against major rivals supported the domestic unit while an upward movement in crude oil […] Key Points
ThePrintrupee recovers from record lows; rises 6 paise to settle at 83.34 against US dollar
Mumbai, Nov 28 (PTI) The rupee on Tuesday rebounded from record low levels, gaining 6 paise to settle at 83.34 against the US dollar amid positive sentiment in the equity markets and inflow of foreign funds. Forex traders said a weak American currency against major rivals and crude prices hovering close to USD 80 per […] Key Points
ThePrintrupee rises 2 paise to 83.38 against US dollar in early trade
BSE Sensex trades at 66,028.72; Nifty rises 36.8 points to 19,831.5. The rupee appreciated 2 paise to 83.38 against the US dollar in early trade on Tuesday, track Key Points
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rupee likely to sidestep rally in Asia FX fuelled by US yields
The Indian rupee is expected to open little changed on Tuesday, unable to take advantage of the broad up move in other Asian peers in the wake of a fall in U.S. Treasury yields. Key Points
Reutersrupee to gauge local dollar demand amid US, India holidays
The Indian rupee is likely to open little changed on Friday and be driven by local demand for U.S. dollars during the session, after global markets were largely muted due to the Thanksgiving holiday in the United States. Key Points
Reutersrupee rises 10 paise against US dollar
Mumbai, Nov 21 (PTI) The rupee recovered from its all-time low to settle 10 paise higher at 83.28 against the US dollar on Tuesday, tracking the weakness of the American currency in the overseas market and positive domestic equities. Forex traders said the rupee traded in a narrow range as dollar demand from oil marketing […] Key Points
ThePrintrupee settles 4 paise higher at 83.34 against US dollar
The rupee gained slightly against the US dollar, settling at 83.34 rupees per dollar. This was attributed to the weakness of the American currency in Key Points
Times Of Indiarupee edges 3 paise lower at 83.26 against US dollar
Mumbai, Nov 17 (PTI) The rupee declined by 3 paise to 83.26 against the US dollar on Friday as a firm greenback in the overseas markets and losses in domestic equities weighed on investor sentiment. Global crude oil prices trading near four-month lows helped the rupee restrict losses, forex dealers said. At the interbank foreign […] Key Points
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India rupee closes slightly lower, little changed on week
The Indian rupee ended slightly weaker on Friday as buoyant U.S. dollar demand from local companies offset the positive cues from strength in its Asian peers. Key Points
Reutersrupee falls 14 paise to 83.23 against US dollar
Mumbai, Nov 16 (PTI) The rupee declined by 14 paise to settle at 83.23 against the US dollar on Thursday as a firm greenback in the overseas markets weighed on investor sentiments. However, a firm trend in domestic equities and losses in crude oil prices helped the rupee to restrict the fall, forex dealers said. […] Key Points
ThePrintrupee ends lower pressured by recovery in US yields, greenback
The Indian rupee closed lower on Thursday, weighed down by a recovery in U.S. Treasury yields and the dollar which clawed back some lost ground supported by stronger-than-expected U.S. retail sales data. Key Points
Reutersrupee back under pressure after US data helps dollar recover
The Indian rupee is expected to open lower on Thursday after U.S. retail sales fell less than expected, helping the dollar recover from a plunge fuelled by softer-than-expected inflation data. Key Points
Reutersrupee edges lower tracking Asian peers, state-run banks on offer
The Indian rupee weakened on Thursday tracking its Asian peers lower but U.S. dollar sales from state-run banks, likely on behalf of clients, limited the downside for the local unit. Key Points
Reuters
rupee falls to lifetime low, notches weekly decline
The rupee hit its record low of 83.42 during the session after breaching its previous alltime low of 83.2950 which was hit on Nov. 1. Key Points
Economic Timesrupee hits all-time low of 83.30 amid weakness in Asian currencies
The rupee, represented as INR, touched an all-time low of 83.3050 in relation to the dollar, marking a drop from its previous level of 83.2800. Key Points
India Todayrupee settles 1 paisa higher at 83.29 against US dollar
Mumbai, Nov 9 (PTI) The rupee stayed range-bound and settled 1 paisa higher at 83.29 against the US dollar on Thursday amid a negative trend in domestic equities and sustained foreign fund outflows. At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of […] Key Points
ThePrintrupee may inch up after US yields, oil prices fall further
The Indian rupee is expected to open slightly higher on Thursday after demand worries prompted a further fall in oil prices and as U.S. yields slid more. Key Points
Reutersrupee ends little changed ahead of Fed Chair Powell's speech
The Indian rupee closed little changed on Wednesday, wedged between buoyant local U.S. dollar demand on one side and a retreat in crude oil prices and U.S. Treasury yields on the other. Key Points
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rupee unable to capitalise on oil price drop, positive Asian FX
The Indian rupee was little changed on Wednesday as a drop in oil prices and strength in Asia currencies failed to budge the local unit in the face of persistent local U.S. dollar demand. Key Points
Reutersrupee to weigh pause in rally on Asian Fx, rebound in US yields
The Indian rupee is expected to have a quiet opening on Tuesday amid a pause in the rally in Asian peers and a rebound in U.S. Treasury yields. Key Points
Reutersrupee settles 1 paisa lower at 83.21 against US dollar
Mumbai, Nov 6 (PTI) The rupee settled for the day 1 paisa lower at 83.21 against the US dollar as the support from positive domestic equities was negated by rising crude oil prices. Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside. At the […] Key Points
ThePrintIndia rupee ends higher but oil companies' dollar buys cap gains
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee closed stronger on Monday but underperformed its Asian peers as U.S. dollar demand from local oil companies and importers capped gains. The rupee Key Points
ThePrintrupee rises on drop in US yields but lags rally in Asian peers
The Indian rupee strengthened on Monday after the U.S. treasury yields fell and the dollar ceded ground on bets that the U.S. Federal Reserve is likely done hiking rates in the current cycle. Key Points
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rupee ends lower on persistent dollar demand from importers
The Indian rupee bucked the trend among its Asian peers and ended slightly lower on Friday, as continued local U.S. dollar demand in the absence of substantial inflows weighed on the unit. Key Points
ReutersRally in Asian peers fails to lift rupee amid importers' dollar demand
An improvement in risk sentiment, due to the decline in U.S. Treasury yields, failed to budge the Indian rupee on Friday, even as its Asian peers rallied. Key Points
ReutersIndia rupee to be supported by further pullback on US yields, dollar
The Indian rupee is expected to draw support on Friday from the U.S. dollar's decline on upbeat risk appetite and a further slide in Treasury yields. Key Points
Reutersrupee settles 6 paise higher at 83.22 against US dollar
Mumbai, Nov 2 (PTI) The rupee rose by 6 paise to close at 83.22 against the US dollar in a range-bound trade on Thursday as the American currency retreated from its elevated levels after the US Federal Reserve was a bit dovish in its policy meeting. Forex traders said the local unit got support from […] Key Points
ThePrintrupee expected to open marginally higher following dip in US Treasury yields
Non-deliverable forwards indicate rupee will open at around 83.24 to the US dollar, compared to the close of 83.28 in the previous session. Key Points
ThePrint
rupee to inch up after "slightly dovish" Fed; US yields decline
The Indian rupee is expected to open marginally higher on Thursday on the back of a fall in U.S. Treasury yields after a slightly dovish stance from the Federal Reserve. Key Points
Reutersrupee falls to 83.2850/USD, lowest in one year
But likely intervention from the Reserve Bank of India (RBI) capped further losses, traders said. The RBI likely sold U.S. dollars near 83.28 levels but the intervention was not aggressive, a foreign exchange trader at a private bank said. Key Points
Economic TimesFall in forward premiums adds to Indian rupee's challenges
The Indian rupee, already under pressure from high U.S. Treasury yields and volatile oil prices, is now having to contend with a drop in forward premiums, owing to worries over dollar liquidity. Key Points
Reuters