Page 4 - Indian Rupee

Donald Trump tariffs hammer markets globally, rupee sinks below 87/$

The benchmark Sensex and Nifty ended with a decline of around half a per cent

Govt not worried about rupee volatility: Finance and Revenue Secy Pandey

This statement comes after the rupee fell to a record low of 87.29 against the US dollar, depreciating by 67 paise in early trading

RBI's bond holdings to be treated at par with mkt, no swap for longer debt

The government aims to conduct a switch target of 2.50 trillion rupees in the next financial year, but there is no specific amount earmarked for buybacks

Not concerned about rupee value, RBI managing volatility: Finance Secretary

Amid rupee falling to a record low level of 87.29 to a dollar, Finance Secretary Tuhin Kanta Pandey on Monday said there is no concern over rupee value and the Reserve Bank of India is managing the volatility of the local currency. "There is no concern about the value of the rupee. The volatility in rupee is being managed by the RBI," Pandey told reporters. He said the Indian rupee is "free-float" and no control or fixed rate is applicable on the currency. He said the exchange rate is facing pressure amid unabated foreign fund outflows. The rupee depreciated 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty, The move was the first strike in what could usher a destructive global trade war, forex traders said. In 2025, the Indian rupee depreciated 1.8 per cent from the 8

Rupee crosses 87 per dollar mark amid tariff hikes and safe haven demand

The rupee was trading at 87.16 per dollar at 10:31 IST.

Rupee plunges 67 paise to hit record low of 87.29 against US dollar

The rupee depreciated 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty, The move was the first strike in what could usher a destructive global trade war, forex traders said. The rupee continued to face pressure due to sustained foreign fund outflows and the broad strength of the American currency in the overseas markets due to unabated dollar demand from oil importers and weak risk appetite, they added. At the interbank foreign exchange, the rupee opened at 87.00 and slipped further to 87.29 against the greenback in initial deals, a plunge of 67 paise from its previous close. On Friday, the rupee settled flat at 86.62 against the American currency. "The start of the week saw financial markets on edge as US President Donald Trump followed through on his tariff threats,

Rupee strained by Trump tariffs; bonds await RBI's policy decision

There was little impact on the rupee from India's federal budget on Saturday. Indian shares, which were open for a special trading session, closed lower

Rupee not depreciating against any currency other than $: FM Sitharaman

Finance Minister Nirmala Sitharaman on Sunday rejected criticism over the slide of the Indian rupee, saying it has depreciated only against a strengthening US dollar but remained stable against all other currencies because of the strong macroeconomic fundamentals. In an interview with PTI, she said a 3 per cent depreciation in the rupee against the US dollar in past few months is a matter of concern as it makes imports costlier, but she rejected criticism that the local currency has seen all-round weakness. "I am concerned but I will not accept the criticism that 'Oh Rupee is weakening!' Our macroeconomic fundamentals are strong. Rupee wouldn't be stable against all the currencies if the fundamentals were weak," she said. The Indian rupee has been under pressure in the last few months but it continues to be the least volatile currency against the US dollar among its Asian and global peers. The reasons for the rupee hitting record lows almost on a daily basis against the US dollar ..

Rupee falls 3 paise to 86.65 against US dollar during early trade

The rupee traded in a narrow range and depreciated 3 paise to 86.65 against the US dollar in early trade on Friday, ahead of the release of Economic Survey 2024-25. Finance Minister Nirmala Sitharaman will table Economic Survey 2024-25 on Friday, providing an official assessment of the performance of the economy in the ongoing financial year, and list out the challenges being faced by the nation. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the broad strength of the American currency in the overseas markets due to unabated dollar demand from oil importers and weak risk appetite. At the interbank foreign exchange, the rupee opened at 86.63 then fell further to 86.65 against the American currency, registering a decline of 3 paise over its previous close. On Thursday, the rupee depreciated 7 paise to close at 86.62 against the US dollar. The Indian rupee continues to struggle, hovering near its all-time low, weighed down by multip

US tariff worries may push rupee to all-time low before upcoming budget

Trump is planning to impose tariffs on Canada and Mexico on Saturday and is considering fresh tariffs on China

Rupee falls 4 paise to 86.59 against US dollar during early trade

The rupee depreciated 4 paise to 86.59 against the US dollar in early trade on Thursday, after the US FED kept rates on hold and was hawkish in its outlook. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and broad strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 86.58 then fell further to 86.59 against the American currency, registering a decline of 4 paise over its previous close. On Wednesday, the rupee pared its initial losses and settled for the day on a positive note, higher by 2 paise to close at 86.55 against the US dollar. The US FED kept rates on hold but was hawkish in its outlook as it said rates would be held higher for longer and downplaying expectations for future rate cuts. "The US Federal Reserve's decision to hold rates at 4.25 per cent-4.50 per cent has further added to the rupee's woes. Despite pressure from former President Donald Trump for deeper cut

Rupee pain starts to show as nation's top airline IndiGo takes a hit

A few smaller companies have also announced currency-related losses, with more expected as the earnings season progresses

Budget may boost investor confidence, provide mkt triggers: Naveen Kulkarni

The valuations for Foreign Institutional Investors (FIIs) have become reasonable, but their main challenge is the stabilisation of the currency

Paring initial losses, Rupee rises 2 paise to close at 86.55 against dollar

The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 (provisional) against the US dollar on Wednesday, supported by positive domestic markets, while a strong US dollar and a recovery in crude oil prices capped sharp gains. Forex traders said the US dollar gained on expectations of a no rate cut by the Fed in its Federal Open Market Committee (FOMC) decision. Besides, global risk sentiments were dampened amid tariff threats by the US President Donald Trump, they said. At the interbank foreign exchange, the rupee opened on a weak note at 86.58, and during the day touched a high of 86.49 and a low of 86.61 against the American currency. The local unit settled on a positive note at 86.56 (provisional), registering a rise of 1 paisa over its previous close. On Tuesday, the rupee depreciated 26 paise to close at 86.57 against the US dollar. "We expect the rupee to trade with negative bias on underlying strength in the US doll

Rupee falls 4 paise to 86.61 against US dollar during early trade

The rupee depreciated 4 paise to 86.61 against the US dollar in early trade on Wednesday, due to sustained foreign fund outflows, unabated dollar demand from oil importers and weak risk appetite. Forex traders said the rupee continued to face pressure as investors are awaiting cues from the US FED meeting outcome. Besides, global risk sentiments were dampened amid tariff threats by the US President Donald Trump, they said. At the interbank foreign exchange, the rupee opened at 86.58 then fell further to 86.61 against the American currency, registering a decline of 4 paise over its previous close. On Tuesday, the rupee depreciated 26 paise to close at 86.57 against the US dollar. Forex traders said broad dollar demand, foreign fund outflows pressurised the rupee. However, a decline in crude oil prices cushioned the downside. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 107.83, lower by 0.03 per cent. Brent crude, the

Reserve Bank of India's $5 billion swap shakes up rupee and bond markets

Forward premiums dip, rupee slides, and bond yields fluctuate

Rupee falls 25 paise to close at 86.56 against dollar amid tariff threats

The rupee depreciated 25 paise to close at 86.56 (provisional) against the US dollar on Tuesday, as global risk sentiments were dampened amid tariff threats by the US President Donald Trump. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the strength of the American currency in the overseas market amid unabated dollar demand from oil importers and weak risk appetite. At the interbank foreign exchange, the rupee opened on a weak note at 86.53, and during the day touched a high of 86.50 and a low of 86.57 against the American currency. The local unit settled for the day at 86.56 (provisional), registering a fall of 25 paise over its previous close. On Monday, the rupee depreciated 9 paise to close at 86.31 against the US dollar. "The Indian rupee declined as global risk sentiments were dampened amid tariff threats by the US President Donald Trump. This impacted the Chinese Yuan, which also led to strengthening of the US dollar," sa

Rupee falls 26 paise to 86.57 against US dollar during early trade

The rupee depreciated 26 paise to 86.57 against the US dollar in early trade on Tuesday, due to unabated dollar demand from oil importers and weak risk appetite. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the strength of the American currency in the overseas market. Moreover, the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee's trajectory, as expectations are high for favourable measures aimed at rekindling foreign investments. At the interbank foreign exchange, the rupee opened at 86.53 then fell further to 86.57 against the American currency, registering a decline of 26 paise over its previous close. On Monday, the rupee depreciated 9 paise to close at 86.31 against the US dollar. The Indian rupee fell this morning as risk aversion was the name of the game, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "FPIs continued their selling

Rupee weakens amid yuan slide, potential equity outflows, trade concerns

Investors' focus will be the Federal Reserve's policy this week. The Fed is widely expected to make no changes to the policy rate and no new projections on inflation and rates are due at this meeting

Rupee depreciates 22 paise to 86.44 against US dollar in early trade

The rupee depreciated 22 paise to 86.44 against the US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market and a muted trend in domestic equities. Forex traders said the Indian rupee gained on Friday but opened on a lower note on Monday as Trump Tariffs uncertainty gained. At the interbank foreign exchange, the rupee opened at 86.35 then fell further to 86.44 against the American currency, registering a decline of 22 paise over its previous close. On Friday, the rupee appreciated 22 paise to close at 86.22 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 107.67, higher by 0.21 per cent, after Trump threatened to apply 25 per cent Tariffs on Colombia after the plane carrying migrants was returned by the country. Meanwhile, the US has paused sanctions and tariffs on Colombia after it agreed to accept all the terms of President Donald Trump, ..