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Rupee posts biggest single-day gain in nearly 1-1/2 mths on dollar inflows

Reuters · 1y ago

Rupee posts biggest single-day gain in nearly 1-1/2 mths on dollar inflows

The Indian rupee posted its biggest single-day gain in nearly a month and a half on Tuesday, as the greenback eased from recent peaks amid some rebound in global risk appetite while late dollar inflows also aided.

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Rupee posts largest weekly rise in more than two years on inflows

VCCircle

VCCircle · 4m ago

Rupee posts largest weekly rise in more than two years on inflows

The rupee experienced its largest weekly gain in over two years, buoyed by dollar inflows and unwinding of speculative long-dollar positions. It closed at 85.9725 against the US dollar, achieving a 10-week high at one point. Positive sentiment from domestic equities contributed, and significant flows related to the FTSE All-World Index rebalancing, expected to bring in $1.5 billion, also boosted the rupee. Meanwhile, foreign portfolio investors turned net buyers, despite general Asian currency weakness.

Rupee soars with Asian peers to post best day in over two years

VCCircle

VCCircle · 2m ago

Rupee soars with Asian peers to post best day in over two years

The Indian rupee experienced its strongest single-day gain in over two years, closing 0.9% higher against the U.S. dollar at 85.2125. This surge was driven by concerns over U.S. fiscal health and trade tariffs impacting the dollar, encouraging rallies in emerging market currencies. Persistent dollar sales by foreign banks and liquidation of bearish bets contributed to the rupee's rise. Despite outperforming on Friday, the rupee remains underperformed compared to other emerging market currencies this month.

Rupee posts worst week in more than two years

VCCircle

VCCircle · 6m ago

Rupee posts worst week in more than two years

The Indian rupee experienced its worst week in over two years, despite strengthening slightly on Friday. It declined nearly 1% over the week, hitting a lifetime low past 87 against the U.S. dollar due to trade war fears and foreign outflows. The Reserve Bank of India cut interest rates for the first time in nearly five years to stimulate the economy. RBI interventions aimed to manage volatility, with the rupee marginally recovering to end at 87.4250.

Rupee falls most in a month after Indian strikes in Pakistan raise tensions

VCCircle

VCCircle · 3m ago

Rupee falls most in a month after Indian strikes in Pakistan raise tensions

The Indian rupee experienced its steepest single-day drop in a month amid escalating geopolitical tensions following Indian military strikes in Pakistan. The rupee fell nearly 0.5% against the U.S. dollar, reflecting market jitters over potential conflict between the two nuclear-armed nations. As both countries engage in military actions, market stability remains uncertain. The Reserve Bank of India may intervene to manage currency volatility, while overall risk appetite declines across Asian financial markets.

Rupee Rises 39 Paise to 84.18 Against US Dollar in Early Trade

OutlookIndia

OutlookIndia · 3m ago

Rupee Rises 39 Paise to 84.18 Against US Dollar in Early Trade

The Indian rupee appreciated by 39 paise to reach 84.18 against the US dollar in early trade. This gain was bolstered by foreign investor interest in Indian assets, a significant decline in crude oil prices, and a positive trend in domestic equities. Brent crude oil prices fell nearly 4% following OPEC+'s decision to increase production, contributing to an easing of India's oil import bill. The rupee's stability was also supported by steady capital inflows and evolving Reserve Bank actions.

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 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 jumps as dollar weakness persists, logs best week in over 2 years

VCCircle

VCCircle · 5m ago

Rupee jumps as dollar weakness persists, logs best week in over 2 years

The Indian rupee strengthened significantly, posting its best weekly gain in over two years, as the U.S. dollar weakened sharply against major currencies. The rupee closed at 86.8725 against the dollar, up 0.3% on the day and 0.7% week-on-week. The dollar faced pressure from concerns over a slowing U.S. economy and tariff policies. Strong dollar sales by a local bank also contributed to the rupee's rise. Economic data and Federal Reserve remarks could influence future trends.

Rupee extends slide on foreign outflows, dollar demand from oil firms

Economic Times

Economic Times · 4d ago

Rupee extends slide on foreign outflows, dollar demand from oil firms

The Indian rupee continued its decline against the U.S. dollar due to ongoing foreign outflows and strong dollar demand from importers, especially state-run oil companies. The rupee closed at 87.6550 to the dollar, weakened by dollar buying throughout the day. Foreign investors sold $2 billion in Indian equities in July, maintaining pressure on the rupee. The Reserve Bank of India's upcoming monetary policy decision may impact the currency's future trajectory. Other Asian currencies showed gains.

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

VCCircle

VCCircle · 4m 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.

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