As crude rose above $100 per barrel on March 9, the rupee fell to a new low, ending at 92.34 against the US dollar. As crude surged above $115, the Reserve Bank of India (RBI) probably intervened forcefully to stop the rupee’s decline, according to traders. The currency closed the previous session at Rs 91.74…
As traders remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, the Indian rupee began slightly lower at 90.5200 on February 5. This was after it had recovered from its record lows reached in the previous sessions, which were triggered by the US-India trade pact. As of right now,…
According to figures issued by the central bank on Friday, the Reserve Bank of India’s (RBI) foreign exchange reserves reached a new high of $709.4 billion. In the week ending January 23, foreign currency assets increased by $2.37 billion, gold reserves increased by $5.6 billion, and the total FX reserves increased by $8.05 billion. The…
On February 2, the day following the presentation of the Union Budget 2026, the Indian rupee opened higher as investor sentiment improved due to announcements concerning international institutional and portfolio investors. On February 1, The Finance Minister declared that the Portfolio Investment Scheme now allows non-Indian citizens to invest in stocks with increased quotas. This…
On January 23, the Indian rupee fell to a record low of 91.95 versus the US dollar due to a selloff in local stocks, which exacerbated the existing pressure from speculative flows, importer payments, and dollar outflows. Due to speculative dollar purchases by offshore players, foreign withdrawals from stocks, and demand from bullion and other…
The Indian rupee began trading against the US dollar on Monday at 89.54, down 0.3% from Friday’s finish of 89.27, following a week of fluctuations. The native currency struck a record low of 91.08 versus the US dollar last week, on December 16, 2025, after breaking through the psychologically significant 91 mark. The rupee gained…
A preferential issue of equity shares from Japan’s MUFG Bank to raise Rs 39,617.98 crore has been approved by Shriram Finance. With the investment, MUFG will have a fully diluted 20% share in the business. In Friday’s trading, Shriram Finance’s share price increased by almost 5%. The largest FDI inflow into the financial services industry…
The Indian rupee continued its downward trend on Monday, falling to a record low of 90.75 against the US dollar in the middle of the session. In the early Asian trading, the local currency fell to a record low of 90.56 and has since continued to decline. The local currency dropped 0.1% from Friday’s historic-low…
After opening at 90.42 per US dollar, the Indian rupee continues its downward trend, reaching a new, historic low of 90.55. As a result, the currency has dropped by more than 6% during the past year. In relation to the US dollar, the domestic currency’s opening was 0.06% lower than its previous close of 90.36….
In November, India’s headline CPI inflation was 0.71% (YoY), 46 basis points higher than in October, when it had fallen to 0.25%, the lowest figure in the current CPI series. According to government data, rising costs for vegetables, eggs, meat and fish, spices, fuel, and light are the primary causes of the increase in headline…
