A trading session affected by an outage on the London Stock Exchange Group’s (LSEG) foreign exchange trading platform saw the Indian rupee gain ground on Thursday, helped by dollar sales from foreign banks and reduced short bets against it. The rupee gained 0.2% on the day and ended at 86.9975 versus the US dollar. The…
Tuesday saw the Indian rupee gain strength due to a surge in Asian currencies and probable central bank assistance, while the dollar fell to its lowest level since November versus major rivals. The rupee was up 0.1% for the day, closing at 87.2125 versus the US dollar. Due to pressure from dollar bids sparked by…
On March 24, the RBI will unveil plans for a new liquidity increase, focusing on the banking industry and the rupee. Later this month, the RBI plans to hold a USD 10 billion/INR buy/sell swap auction to provide liquidity to the banking system. The RBI said in a news release that the swap auction for…
The steep decline in the dollar index and the price of Brent crude oil caused the Indian rupee to open 8 paise higher on March 6. After closing at 86.97 against the US dollar, the local currency opened at 86.89 against the US dollar. Early trading saw the dollar index, which compares the value of…
In early trading on Thursday, the rupee fell 22 paise to 87.41 against the US dollar as emerging currencies, particularly the rupee, were affected by the most recent US tariff measures. According to forex professionals, the recent US tariff pronouncements have rocked international markets and strengthened the currency. The rupee declined 22 paise from its…
In the afternoon of February 25, the rupee dropped 55 paise as the dollar gained strength due to safe-haven movements following US President Donald Trump’s announcement that tariffs on Canada and Mexico will proceed as planned. The rupee dropped from 86.85 to 87.25 due to changes in the RBI’s stance and month-end dollar demand over…
The range between the rupee’s starting and closing values has reduced to 5-7 paise in the past week due to the RBI’s action to stop the currency’s decline. Since December, there has been a gap between 10 and 20 paise. The intervention has resulted in consistent spot market sales of $1–2 billion per day, according…
Global tensions following the US’s import tariffs caused FPIs to withdraw Rs 21,272 crore from the Indian equity markets in the first two weeks of this month, continuing their exodus. In January, there was a net outflow of Rs 78,027 crore. Data from the depositories indicated that, with these, the overall outflow by FPIs in…
Amid volatility brought on by a lack of clarity surrounding Trump’s tariff policy, mixed corporate earnings, persistent FII selling, and the rupee’s depreciation versus the dollar, the Indian market ended a two-week winning streak and recorded its largest weekly losses in two months. While the Nifty50 index dropped 630.67 points, or 2.67%, to finish at…
Due to U.S. President Donald Trump’s implementation of fresh tariff measures, the Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10. Compared to the previous trading session, when it opened at 87.4275 vs the US dollar, the local currency was significantly weaker at 87.9175. On February 9,…
