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 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…
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….
The rupee has reached a peak of 84.78 to the dollar. New geopolitical concerns and rising demand for the US dollar combined to put pressure on the local currency, causing it to reach its highest level since the start of 2025. According to forex traders, the rupee’s decline is the result of a risk-off mentality…
Stable oil prices, a decline in the dollar index, central bank liquidity support, and probable forex market interventions are just a few of the factors that have caused the Indian Rupee to rise more than 1% this week, continuing its winning streak into its eighth session and ending its best weekly performance in two years….
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…
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…
A weaker dollar and a lower-than-expected trade deficit figure helped the rupee, which had been declining for the previous five trading days, recover 28 paise, or 0.33%, against the dollar on Wednesday. This was the biggest rise in almost seven months. The rupee’s stability was also aided by the Reserve Bank of India’s intervention. After…
According to currency analysts, the rupee, which has been under pressure for the past several months, is predicted to weaken due to a strong dollar and slower-than-expected economic development. Given a stronger US economy and an underlying bullish tendency in the dollar, the USD INR is predicted to move higher. Over the next few months,…
