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RUPEE RISES AGAINST US DOLLAR
Rupee rises for fourth straight day, closes at 95.15The Indian rupee closed at 95.15 against the US dollar, marking the fourth consecutive day of gains. It reached an intra-day peak of 94.77,...
Rupee extends rise but falters past 95/USD on importer hedging, outflowsThe Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a pe...
Rupee jumps 177 paise in 2 days against dollar after RBI's strong defence before Rs 97 goal post. What lies ahead?The Indian rupee strengthened 177 paise against the US dollar in two days to 94.06 following aggressive RBI market interventions. Key steps...
India should let rupee find its own level: Uday Kotak calls for focus on competitiveness, innovationUday Kotak stated that the rupee should be allowed to find its own level without government interference. He noted that the strength of the...
India's benchmark bond breaks 4-day falling streak as value investors returnIndian government bonds have rebounded following a significant rise in yields, drawing investors back into the market. The benchmark bond y...
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FMFinance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that th...
Rupee jumps 82 paise to 94.96 against US dollar in early tradeIn early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of ...
Rupee jumps 1% as RBI curbs dollar demandThe rupee rallied nearly 100 paise or 1% to 95.77 against the US dollar on Monday, bouncing back from a near all-time low after the RBI cla...
Rupee rebounds nearly 1% after RBI moves to curb speculative tradesThe rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special...
India’s 10-year bond yield hits 3-year high as RBI’s liquidity measure weighs on demandIndian government bonds extended losses on Monday, pushing the benchmark 10-year yield to a three-year high as the RBI’s latest liquidity-t...
Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
Indian central bank curbs to temper corporate rush to hedge against rupee weaknessIn response to the climbing oil prices and a declining rupee, the Reserve Bank of India has initiated fresh strategies aimed at economic st...
RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressureThe Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as th...
Rupee recovers to 96.73 vs US dollar after RBI intervention, but dollar demand persistsThe rupee edged up to 96.73 per dollar after heavy RBI intervention helped it recover intraday. Persistent corporate dollar demand, a 7% ye...
RBI’s sell-buy swaps slow rupee’s fall but push up forward premiums, making hedging costlier for foreign investorsThe Reserve Bank of India is engaged in dollar sell-buy swaps to stabilise the rupee's value. However, this has resulted in higher forward ...
RBI intervention halts rupee's slide to record low, risks lingerThe Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, ...
Rupee rises 10 paise to 96.65 against US dollar in early tradeOn Thursday, the rupee saw a slight uptick, gaining 10 paise to settle at 96.65 against the US dollar. This increase emerged amidst tough e...
Markets can be irrational in the short run: What RBI Governor Sanjay Malhotra said as rupee nears lifetime lowThe rupee neared its record low after the RBI raised the repo rate to 5.50%. Governor Sanjay Malhotra said the currency may be undervalued,...
Rupee falls 22 paise to 96.57 against US dollar post RBI rate increaseThe Indian rupee experienced a drop following the Reserve Bank of India's decision to raise interest rates by 25 basis points. This move is...
Rupee sinks to 96.31, logs biggest fall in over 2 monthsThe Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which...