US Dollar

The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering a fall of 2 paise over its previous close. On Tuesday, the rupee settled for the day on a flat note higher by just 1 paisa at 84.85 against the US dollar. The Indian rupee opened at its lowest after the market expected the new RBI Governor to be dovish in his stance coming from the Finance Ministry and may cut rates as early as in February 2025, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex

While the rupee touched a low of 84.7350 during the session, mild dollar sales from state-run banks helped avoid further losses, traders said

The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. On Friday, the rupee appreciated by 5 paise to settle at 84.66 against the US dollar. "On the domestic front, all eyes will be on Industrial Production (IIP) and CPI data following last week's RBI monetary policy announcement. The 50-basis point CRR cut provided much-needed liquidity and lent support to the Rupee," CR Forex Advisors MD Amit Pabari said. The Reserve Bank of India on Friday kept its key interest rate unchanged citing inflation risks, but cut the Cash Reserve Ratio that banks are required to park with the central bank

His remarks came a week after US President-elect Donald Trump had demanded that Brics member countries commit to not creating a new currency

World Bank made the announcement today in Seoul at a pledging conference for the International Development Association, which provides grants and very low-interest loans to 78 low-income countries

Rupee appreciated 7 paise to 84.64 against the US dollar in morning trade on Friday, ahead of the Reserve Bank's monetary policy decision. Forex traders said fresh foreign fund inflows supported investor sentiments, however, a muted trend in domestic equities weighed on the domestic unit. Moreover, market participants are also awaiting cues from the upcoming Reserve Bank of India (RBI) monetary policy on Friday, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.66 and moved in a tight range and touched 84.64 against the greenback, registering a gain of 7 paise over its previous close. On Thursday, the rupee recovered from its all-time low level and settled for the day with gains of 4 paise at 84.71 against the US dollar. "The Indian rupee is expected to open a tad stronger after the Central Bank sold dollars at 84.75 levels and ensured it stayed in the range of 84.70 to 84.75. As the RBI announces policy rates amid

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent in part due to a 1.7 per cent drop in South Korea's KOSPI

Since the third week of September, the US dollar has strengthened 4.0 per cent against a basket of EM currencies

The rupee traded flat against the US dollar at 84.68 on Wednesday morning as foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity markets prevented a drop in the currency. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. At the interbank currency exchange, the local unit opened at 84.66, 2 paise higher than Tuesday's close but lost the gains immediately after to trade flat at 84.68 against the greenback. The rupee had recovered from its all-time low level and settled with gains of 4 paise at 84.68 against the US dollar on Tuesday. "The rupee opened stable at 84.68 after the Reserve Bank of India (RBI)

Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.69 (provisional) against the US dollar in a range-bound trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. US President-elect Trump on Saturday threatened a 100 per cent tariff on BRICS nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a narrow range and touched an intra-day high of 84.64 and an all-time low of 84.76 against the greenback. On Monday, the rupee depreciated 12 paise to close at an ...

The rupee fell 4 paise to all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee was largely on the back of Donald Trump's rhetoric on BRICs currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a tight range and touched all-time low of 84.76 against the greenback, registering a fall of 4 paise over its previous close. On Monday, the rupee ..

The dollar received some support overnight from better-than-expected U.S. manufacturing data, which also showed a mitigation in price increases

Relentless selling by FPIs, disappointing earnings growth during the second quarter, and a rising US dollar have taken the wind out of the sails for secondary share sales

Donald Trump has threatened to impose 100 per cent tariffs on Brics nations if they push for de-dollarisation and introduce a currency that could challenge the US dollar

The dollar index gained 0.5 per cent, on track for its best day in over a week, making greenback-priced bullion more expensive for holders of other currencies

The rupee fell 2 paise to trade at 84.49 against the US dollar in early trade on Friday dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On Thursday, the rupee depreciated 7 paise to close at 84.47 against US dollar. As FPIs sold Rs 11,000 crore of shares on Thursday Indian rupee was constantly on the selling side against the US dollar which surged to its highest at 84.51 before closing at 84.4850 with the Reserve Bank of India (RBI) protecting any fall beyond 84.50 for now, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP said. "Good month-end demand for US dollar and FPIs buying it kept dollar well bid near to 84.50. Expect the buying to continue o

Gold registered its deepest one-day decline in more than five months on Monday, and hit its lowest since Nov. 18 in the previous session, as safe-haven demand for the metal softened

The rupee fell sharply by 15 paise against the US dollar to 83.44 in early trade on Wednesday amid muted trends in the domestic equity markets. However, a decline in the dollar index and a marginal fall in the Brent crude index prevented further losses in the domestic unit, according to experts. At the interbank foreign exchange, the local unit opened at 84.38 -- down 9 paise from its previous close -- and then slid further to 84.44, registering a decline of 15 paise from its previous close. On Tuesday, the rupee pared its intra-day losses to settle flat at 84.29 against the US dollar. "The Indian banking liquidity fell into deficit as industry players paid Rs 1.6-1.8 lakh crore as GST payment. This was after two months that liquidity has fallen into a deficit as the RBI also intervened into forex markets to defend the rupee weighing on liquidity conditions," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. "The rupee may be in the