🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Indian rupee dips but firmer yuan, exporter dollar sales cushion losses

Economic Times

Economic Times · 9d ago

Indian rupee dips but firmer yuan, exporter dollar sales cushion losses

The Indian rupee slightly weakened against the U.S. dollar, closing at 86.4075. However, the currency managed to hold above the crucial 86.50 support level, helped by a stronger Chinese yuan and exporter activity. Dollar sales by a large private bank and exporter activity supported the rupee's position. Global equity gains, buoyed by easing trade tension hopes following a U.S.-Japan deal, also contributed to the rupee's relative stability amidst ongoing trade negotiations.

1

Related News

Inflows, culling of shorts lift rupee to longest winning streak in over one year

VCCircle

VCCircle · 4m ago

Inflows, culling of shorts lift rupee to longest winning streak in over one year

The Indian rupee experienced its longest winning streak since January 2024, rising for the seventh consecutive session against the US dollar. This strength was supported by persistent dollar sales from foreign banks and the reduction of short positions on the rupee. A weaker dollar and short covering of Asian currencies, particularly the Chinese yuan, bolstered the rupee, which reached a near two-month high. The Federal Reserve's interest rate outlook and economic forecasts also influenced market dynamics.

Rupee hits record low, posts steepest weekly fall in seven months

VCCircle

VCCircle · 1y ago

Rupee hits record low, posts steepest weekly fall in seven months

The Indian rupee hit a record low against the US dollar, experiencing its steepest weekly decline in seven months. Factors such as a drop in the offshore Chinese yuan, lack of substantial dollar inflows, and dollar strength contributed to the rupee's fall. A foreign exchange trader noted an "artificial dollar scarcity" in the market, while the Reserve Bank of India appeared absent from the session near its closure. The Korean won and offshore Chinese yuan also experienced losses. Analysts suggest the coming days will be critical for the rupee's performance.

Rupee likely to decline on yuan-led weakness in Asia fx

Reuters · 1y ago

Rupee likely to decline on yuan-led weakness in Asia fx

The Indian rupee recovered against the US dollar in the offshore NDF market due to the Reserve Bank of India's intervention and the Chinese yuan's rebound. The USD/INR one-month NDF improved to 83.24/83.26 from an earlier high of 83.54. The offshore yuan also rose against the dollar, aiding the rupee's recovery. Although the Indian rupee is expected to drop at the opening on Monday, tracking losses in Asian peers and on persisting worries over U.S. yields.

Rupee logs 9th straight week of losses, analysts expect more weakness

VCCircle

VCCircle · 7m ago

Rupee logs 9th straight week of losses, analysts expect more weakness

The Indian rupee ended at a record low, marking its ninth consecutive week of decline, driven by the rising U.S. dollar and a weakening Chinese yuan. The rupee closed at 85.77 to the dollar, down 0.2% for the week. The Reserve Bank of India's interventions have prevented further decline. The ongoing pressure is due to global dollar strength, fewer expected Federal Reserve rate cuts, and better U.S. economic performance. Analysts predict further rupee weakness.

Rupee breaches 83.58/$ level, ends at fresh record low

VCCircle

VCCircle · 1y ago

Rupee breaches 83.58/$ level, ends at fresh record low

The Indian rupee hit a new record low against the US dollar on Thursday, reaching 83.6650 before closing at 83.6425. The currency has been under pressure due to expected outflows and strong demand for dollars from local importers. In addition, a stronger dollar and weakness in the Chinese yuan also contributed to the rupee's decline. Despite strong economic growth in India, the rupee has been hovering around record lows due to equity outflows and corporate dollar demand. The central bank has been attempting to support the currency within a tight range but was absent from the market on Thursday, allowing the rupee to fall.

Rupee hits over two-week low hurt by weaker Chinese yuan, importer hedging

VCCircle

VCCircle · 3m ago

Rupee hits over two-week low hurt by weaker Chinese yuan, importer hedging

The Indian rupee dropped to its lowest point in over two weeks, affected by a weaker Chinese yuan and importer hedging. It closed at 86.2650 against the U.S. dollar, a decline of 0.5%. The onshore Chinese yuan declined, impacting Asian currencies. Indian importer dollar bids were strong, contributing to the rupee's weakness. Global and Indian equities saw gains despite ongoing tariff-related volatility, and investors anticipate the Reserve Bank of India's policy decision amid declining forward premiums.

Rupee jumps most in a month as Iran-Israel ceasefire sparks relief rally

Economic Times

Economic Times · 1m ago

Rupee jumps most in a month as Iran-Israel ceasefire sparks relief rally

The Indian rupee experienced its largest single-day rise in a month, closing at 85.9750 against the U.S. dollar after a ceasefire between Israel and Iran led to a drop in oil prices. The relief rally strengthened Asian currencies and boosted risk sentiment. The dollar weakened as oil prices fell, while traders engaged in dollar sales and adjusted rupee bets. Indian stock indexes rallied but gains were limited amid geopolitical concerns.

Rupee falls to record low, RBI likely steps in

VCCircle

VCCircle · 1y ago

Rupee falls to record low, RBI likely steps in

The Indian rupee hit a new record low on Wednesday due to increased demand for dollars by local oil companies, importers, and equity-related outflows. The Reserve Bank of India (RBI) intervened by selling dollars through state-run banks to prevent further losses. The rupee closed at 83.3725 against the U.S. dollar, down 0.1% compared to the previous session's close. The RBI also likely intervened in the non-deliverable forwards market to prevent further depreciation. Weakness in the offshore Chinese yuan and the Japanese yen also contributed to the rupee's decline.

Rupee nears 84/$ mark as Asian currencies weaken, dollar gains

VCCircle

VCCircle · 12m ago

Rupee nears 84/$ mark as Asian currencies weaken, dollar gains

The Indian rupee reached its weakest ever level against the US dollar on Tuesday due to weakening Asian currencies and increased demand for dollars. The rupee closed at a record low of 83.9525 per US dollar, down 0.1% from the previous session. The Reserve Bank of India's interventions in various markets have helped to stabilise volatility. However, concerns about a US economic slowdown and the unwinding of carry trades involving the Chinese yuan and the rupee have put pressure on the currency.

Rupee ends at record low, logs fourth consecutive weekly decline

VCCircle

VCCircle · 1y ago

Rupee ends at record low, logs fourth consecutive weekly decline

The Indian rupee closed at its lowest ever level against the US dollar, marking its fourth consecutive weekly decline. The currency was pressured by strong dollar demand from local oil companies and other factors such as volatility in the Chinese yuan and outflows from local equities. Some analysts expect the rupee to weaken further in the coming weeks. The dollar index remained steady, while Asian currencies were mixed. Investors are now awaiting the release of US personal consumption expenditure price index data.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.