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Rupee ends flat, unable to benefit from rise in Asian peers
VCCircle
ยท
1y ago
Medial
The Indian rupee closed flat against the US dollar on Monday, failing to benefit from the rise in other Asian currencies. The rupee closed at 83.90 against the dollar, almost unchanged from the previous session's close of 83.89. Despite the dollar's slump in August, the rupee has struggled to make gains due to increased dollar demand from importers and outflows from equities. Additionally, the recent comments by Federal Reserve Chair Jerome Powell indicate an imminent rate cut, further limiting the rupee's potential gains. Analysts expect the rupee to trade between 83.75 and 84 in the near-term.
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Rupee ends month and quarter a tad lower, trails most Asian peers
Economic Times
ยท
2m ago
Medial
The Indian rupee ended the month and quarter slightly lower against the U.S. dollar, underperforming most Asian peers due to muted portfolio inflows and an external investment deficit. The rupee closed at 85.7550 against the dollar, with losses of 0.2% and 0.3% for the month and quarter. While Asian currencies like the Taiwanese dollar and Korean won rose, Indiaโs external investment deficit remained a key factor in the rupee's underperformance.
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Rupee soars to wipe out year's losses on strong dollar inflows
VCCircle
ยท
5m ago
Medial
The Indian rupee surged on strong dollar inflows, recovering all of its losses from 2025. The currency reached a peak of 85.50, closing at 85.6350, up 0.4%. The rise is attributed to dollar inflows from inter-company borrowings and increased foreign investments in bonds and stocks. The surge surprised some traders and helped the rupee outpace its Asian peers. However, gains may be capped as importers seek to buy dollars at favorable rates.
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Rupee ends a tad lower, hurt by corporate dollar bids, outflows
Economic Times
ยท
2m ago
Medial
The Indian rupee slightly weakened, closing at 85.60 against the U.S. dollar due to corporate dollar demand and likely portfolio outflows, despite a global dollar dip. Asian currencies benefitted from the weaker dollar, with the Taiwanese dollar rising by 1.6%. Crude oil prices and Middle East tensions also influenced the market, while predictions of a U.S. Federal Reserve rate cut saw a rise in dollar-rupee forward premiums. India's equity indices fell by about 1%.
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Indian rupee drops to fresh 10-month low
Reuters
ยท
2y ago
Medial
The Indian rupee dropped to the lowest in more than 10 months, tracking broad losses on Asian peers and on oil price worries.
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Rupee ends at fresh record low but fares better than regional peers
VCCircle
ยท
10m ago
Medial
The Indian rupee hit a new all-time low against the US dollar, but performed better than other Asian currencies due to dollar sales from state-run banks. The rupee closed at 84.08 against the dollar, slightly down from the previous session. The US dollar has been strengthened by rising bets on a Donald Trump victory in the US presidential election and expectations of interest rate cuts by the Federal Reserve. While other Asian currencies saw declines, the rupee is not expected to experience significant volatility as the Reserve Bank of India is likely to limit large moves.
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Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus
VCCircle
ยท
11m ago
Medial
The Indian rupee closed weaker against the US dollar despite most Asian currencies posting gains. The rupee was weighed down by importer and interbank dollar bids, as well as the unwinding of interbank long positions. The currency has been trading with a positive bias since the US Federal Reserve announced a 50 basis points rate cut, but has struggled to rise above a key resistance level. The rupee's gains have also been limited by speculative positioning and passive absorption of dollar inflows by the Reserve Bank of India.
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Rupee ends at record low, logs fourth consecutive weekly decline
VCCircle
ยท
1y ago
Medial
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.
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Rupee ends at fresh record low, stays above 84/$ mark
VCCircle
ยท
10m ago
Medial
The Indian rupee hit a new record low against the US dollar, closing at 84.0650 amidst equity outflows. However, it managed to avoid a steep decline due to continued dollar sales from state-run banks, possibly on behalf of the Reserve Bank of India. The rupee's depreciation comes as foreign investors withdraw $8.4 billion from Indian stocks this month, surpassing the previous record monthly outflow. Despite the rupee not benefitting from the positive trend in Asian currencies, benchmark Indian equity indices ended the day higher, but with a third consecutive weekly decline.
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Rupee likely to decline on yuan-led weakness in Asia fx
Reuters
ยท
2y ago
Medial
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.
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Rupee gains alongside Asian peers as US policy worries trouble dollar
Economic Times
ยท
2m ago
Medial
The Indian rupee strengthened against the U.S. dollar alongside most Asian currencies, driven by concerns over U.S. fiscal policies and trade deal uncertainties, which weakened the dollar. The rupee rose 0.3% to close at 85.52 per dollar but remained rangebound due to local bank activities. Asian currencies gained slightly as the dollar index hit its lowest since February 2022. The redistribution of global portfolio flows is expected to benefit Asian economies like India and Indonesia.
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