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Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus

VCCircle

VCCircle · 11m ago

Rupee ends lower despite rise in most Asian peers; US Fed chair's remarks in focus

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.

Related News

Rupee ends month and quarter a tad lower, trails most Asian peers

Economic Times

Economic Times · 1m ago

Rupee ends month and quarter a tad lower, trails most Asian peers

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, India’s external investment deficit remained a key factor in the rupee's underperformance.

Rupee ends a tad lower, hurt by corporate dollar bids, outflows

Economic Times

Economic Times · 2m ago

Rupee ends a tad lower, hurt by corporate dollar bids, outflows

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%.

Rupee ends flat, unable to benefit from rise in Asian peers

VCCircle

VCCircle · 1y ago

Rupee ends flat, unable to benefit from rise in Asian peers

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.

Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar

Economic Times

Economic Times · 1m ago

Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar

The Indian rupee declined as a recent U.S. inflation report indicated rising prices due to tariffs, weakening expectations of Federal Reserve rate cuts. This boosted U.S. Treasury yields and the dollar, pushing the rupee to close at 85.94 per U.S. dollar. The dollar index neared a three-week high, and Asian currencies were slightly lower. The FedWatch tool showed increased odds of the Fed maintaining current rates, influenced by tariff-driven inflation concerns.

Indian rupee drops to fresh 10-month low

Reuters · 1y ago

Indian rupee drops to fresh 10-month low

The Indian rupee dropped to the lowest in more than 10 months, tracking broad losses on Asian peers and on oil price worries.

Rupee soars to wipe out year's losses on strong dollar inflows

VCCircle

VCCircle · 5m ago

Rupee soars to wipe out year's losses on strong dollar inflows

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.

Rupee ends at fresh record low, stays above 84/$ mark

VCCircle

VCCircle · 10m ago

Rupee ends at fresh record low, stays above 84/$ mark

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.

Rupee rises 10 paise to 87.59 against US dollar in early trade

Economic Times

Economic Times · 1d ago

Rupee rises 10 paise to 87.59 against US dollar in early trade

The rupee appreciated 10 paise to 87.59 against the US dollar, supported by a weaker dollar index and lower Brent crude prices. The Reserve Bank of India's intervention helped prevent the rupee from crossing its historic low. Despite these gains, foreign institutional investor outflows and weaker domestic equities limited further appreciation. The dollar index fell, influenced by concerns over the US Federal Reserve's independence, following President Trump's dismissal of FED Governor Lisa Cook.

Rupee ends at fresh record low but fares better than regional peers

VCCircle

VCCircle · 10m ago

Rupee ends at fresh record low but fares better than regional peers

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.

Indian rupee ends flat as market awaits key inflation data in US and India

Economic Times

Economic Times · 16d ago

Indian rupee ends flat as market awaits key inflation data in US and India

The Indian rupee ended mostly unchanged as traders awaited key inflation data from the U.S. and India, crucial for gauging interest rate trajectories. Market caution was also attributed to scheduled global geopolitical events and the impact of U.S. tariffs, contributing to uncertainty in the economic outlook. Despite recent U.S. job data suggesting potential Federal Reserve rate cuts, inflation figures remain pivotal, affecting both local and global economic strategies. Asian currencies mirrored caution amid these developments.

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