Mint Quick Edit | A rupee slide needn’t be bad for India
1 month, 2 weeks ago

Mint Quick Edit | A rupee slide needn’t be bad for India

Live Mint  

The rupee seems to be on a relatively unrestrained slide. If the rupee is held artificially high, it gets exposed to speculative attacks, even though capital controls can shield it to an extent. A fairly valued rupee would also enable Indian exporters to stay competitive. Under a new governor, the Reserve Bank of India may have reduced dollar sales in rupee support, but only data released later can confirm this. The trade-off here relates to inflation, which can be stoked by larger rupee bills for inelastic imports like energy, as implied by a rising dollar.

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History of this topic

Govt wants rupee stability; RBI may again aggressively defend the currency
2 weeks, 1 day ago

Govt wants rupee stability; RBI may again aggressively defend the currency

Live Mint  

Mumbai/New Delhi: The Reserve Bank of India is expected to continue defending the rupee, with the government expressing confidence that the central bank's strategic interventions would stagger the pace of slide, according to a senior official. There is no change in the forex policy of the central bank despite several quarters believing that under the new governor Sanjay Malhotra, RBI …

Rupee falls 5 paise to 87.11 against US dollar in early trade
2 weeks, 4 days ago

Rupee falls 5 paise to 87.11 against US dollar in early trade

The Hindu  

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. In the domestic equity market, the 30-share BSE Sensex was trading 20.53 points, or 0.03 per …

Weak rupee could pave the way for a long-awaited IT recovery
1 month ago

Weak rupee could pave the way for a long-awaited IT recovery

Live Mint  

The Indian information technology sector has been trying to make a meaningful comeback for a while. From a macro perspective, a sinking rupee spells trouble, mainly for importers, but India’s IT firms are exporters of services and a large part of their revenue is denominated in these currencies. Pole position LTIMindtree Ltd, Wipro Ltd, Sagility India Ltd and Coforge Ltd …

RBI’s aggressive dollar sales helps rupee recover
1 month, 1 week ago

RBI’s aggressive dollar sales helps rupee recover

Deccan Chronicle  

Mumbai: The Reserve Bank of India’s aggressive intervention in the forex market over the last two days helped the rupee record its steepest single-day recovery in nearly two years despite a rising dollar index. The central bank has been aggressively intervening in the foreign exchange market over last two days by selling dollars in the spot and the forward markets …

Mint Primer: Is the rupee on course for a bottomless fall?
1 month, 2 weeks ago

Mint Primer: Is the rupee on course for a bottomless fall?

Live Mint  

The days of stability in the currency market seem to be over as the rupee keeps racing to new bottoms against the dollar. On Monday, the rupee breached the psychologically important 87 per dollar level when President Donald Trump threatened to impose 25% tariffs on Canada and Mexico. Rather a strong US economy and anticipation of higher inflation and eventually …

Rupee declines to 87.58, marking worst performance among Asian currencies in 2025
1 month, 2 weeks ago

Rupee declines to 87.58, marking worst performance among Asian currencies in 2025

Hindustan Times  

The Indian rupee declined to its lifetime low on Thursday as a dip in Asian peers added to the prevailing bearish outlook on the currency a day before a crucial monetary policy decision. A day before a significant monetary policy decision, the Indian rupee fell to its lowest level ever on Thursday as a slide in its Asian counterparts exacerbated …

Indian Rupee Hits Fresh Low Of 87.37 Against The US Dollar; Here's What Could Be The Driver
1 month, 2 weeks ago

Indian Rupee Hits Fresh Low Of 87.37 Against The US Dollar; Here's What Could Be The Driver

ABP News  

The Indian rupee hit an all-time low on Wednesday, during afternoon trade amid a slump in Asian equities. The rupee dropped to 87.35 against the US dollar, surpassing its previous record low of 87.28 set on Monday, and was down nearly 0.3 per cent for the day. Asian equities pared their gains after Chinese stocks opened lower, as investor caution …

Rupee falls 55 paise to breach 87 level against dollar as Trump tariff triggers trade war fears
1 month, 3 weeks ago

Rupee falls 55 paise to breach 87 level against dollar as Trump tariff triggers trade war fears

The Hindu  

The rupee plunged 55 paise to close at an all-time low of 87.17 against the U.S. dollar on Monday, as global market sentiments were impacted after the Trump administration slapped tariffs on Canada, Mexico and China. Forex traders said the Indian rupee touched a fresh all-time low on a surge in the U.S. Dollar index and weak global markets after …

Not concerned about rupee value, RBI managing volatility: Finance Secretary
1 month, 3 weeks ago

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

Live Mint  

New Delhi, Feb 3 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. The rupee depreciated 67 paise to hit record low of 87.29 against the US …

Will rupee breach the 90 mark against dollar soon?
1 month, 3 weeks ago

Will rupee breach the 90 mark against dollar soon?

India Today  

A weakening rupee has become a hot topic of discussion again. “The rupee traded flat near 86.5 as market participants remained cautious ahead of the US Federal Reserve’s policy decision,” said Jateen Trivedi, vice-president-research, commodity and currency, LKP Securities, ahead of the Fed’s meeting on Wednesday. Any major policy changes could impact rupee sentiment in the near term,” said Trivedi, …

Rupee back to losing ways on likely outflows, corporate hedging
1 month, 3 weeks ago

Rupee back to losing ways on likely outflows, corporate hedging

Live Mint  

By Nimesh Vora MUMBAI, Jan 27 - The Indian rupee resumed its downtrend on Monday, pegged by likely equity outflows and corporate hedging. The local currency had managed a 0.5% recovery last week, hitting the highest in two weeks, on relief in the emerging market currency space over U.S. tariffs after U.S. President Donald Trump did not immediately levy tariffs …

Rupee expected to appreciate a bit; to hover around 85-86/USD
2 months ago

Rupee expected to appreciate a bit; to hover around 85-86/USD

Live Mint  

New Delhi, Jan 19 Rupee is expected to appreciate a bit and stabilise around 85-86 a dollar in the coming weeks with RBI's continued focus on stability of the domestic currency, Deloitte economist Rumki Majumdar said. The rupee tanked last week to hit its all-time low of 86.70 against the US dollar as massive foreign fund outflows and falling domestic …

Worry over a falling rupee
2 months, 1 week ago

Worry over a falling rupee

Hindustan Times  

It is widely and popularly believed that a strong currency is a reflection of a strong economy. It is almost poetic justice that politicians who once used the exchange rate as a political weapon are going red in the face trying hard to discredit its use by their opponents. But politics aside, the actual economics of what drives exchange rates …

Rupee unlikely to find support in Asia FX’s slight recovery
2 months, 1 week ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Mint Quick Edit | Inflation is down: Will interest rates follow?
2 months, 1 week ago

Mint Quick Edit | Inflation is down: Will interest rates follow?

Live Mint  

With inflation a bugbear for policymakers, it’ll be a relief that the year-end saw price pressures ease, even if only a bit. Government data released on Monday showed that India’s consumer price index rose 5.2% from a year earlier in December, slower than the 5.5% rise in November. Though it’s still above the 4% central target being pursued by the …

Rupee hits all-time low of 86.3537 as US dollar rallies, crude surges
2 months, 1 week ago

Rupee hits all-time low of 86.3537 as US dollar rallies, crude surges

Hindustan Times  

The rupee hit an all-time low on Monday, January 13, 2025 as it slid down for the second straight session as the US dollar rallied upon better-than-expected job growth in the US market. Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year US bond yields also remaining high at 4.76% At 10:07 am IST, …

Finance ministry charts path to $5 trillion by FY29
2 months, 2 weeks ago

Finance ministry charts path to $5 trillion by FY29

Hindustan Times  

Unleashing the productive potential of micro, small and medium enterprises; streamlining regulatory obligations; ensuring land availability at reasonable price; and securing energy needs -- these are some of the measures that will “guarantee” further acceleration of India’s economic growth, according to a note prepared by the Union finance ministry. Last month, the parliamentary standing committee on finance led by senior …

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact
2 months, 2 weeks ago

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact

Firstpost  

The development comes amid a strenghtening US dollar as well as uncertainty over potential economic policies from former US President Donald Trump weighing on global markets The Indian rupee fell for the 10th consecutive week, hitting a record low of 85.97 to the dollar on Friday. The development comes amid a strenghtening US dollar as well as uncertainty over potential …

Rupee expected to weaken more in coming months
2 months, 3 weeks ago

Rupee expected to weaken more in coming months

Live Mint  

Mumbai: The rupee is expected to further weaken in the coming months as Trump’s presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's interventions in the currency market are likely to ease. “There is a pending depreciation pressure visible on the rupee and that is seen in the REER overvaluation of around 8%," …

Currency concerns: on the rupee
2 months, 3 weeks ago

Currency concerns: on the rupee

The Hindu  

It has been a tumultuous time for the Indian rupee even as the Reserve Bank of India has been actively stepping into the foreign exchange market to stem its free fall in pursuit of what it calls an ‘orderly’ exchange movement. The Donald Trump factor added a fresh headwind with the dollar strengthening since his U.S. presidential electoral victory, and …

Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus
2 months, 3 weeks ago

Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus

Live Mint  

A gauge of the Indian rupee’s volatility jumped to its highest level in over a year, fueling speculation that the nation’s central bank may be easing its tight grip on the currency amid a strong dollar. The rupee’s one-month implied volatility versus the greenback rose to as much as 4.09% on Monday, the highest since August 2023. “We think the …

Rupee set to extend recovery on RBI-motivated dollar-long liquidation
2 months, 3 weeks ago

Rupee set to extend recovery on RBI-motivated dollar-long liquidation

Live Mint  

By Nimesh Vora MUMBAI, Dec 30 - The Indian rupee is poised to rise on Monday, building on the momentum from the previous session in which the central banks' interventions prompted the exit of speculative dollar-long positions. The one-month non-deliverable forward indicated the rupee will open at 85.40-85.42 to the U.S. dollar, compared with its close of 85.5325 in the …

Rupee tumbles 3 pc in 2024; turbulence to ebb in slow motion in next year
2 months, 3 weeks ago

Rupee tumbles 3 pc in 2024; turbulence to ebb in slow motion in next year

Deccan Chronicle  

Mumbai: The Indian rupee tumbled 3 per cent in 2024 as concerns over slower economic growth and the green buck's global strength weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year. The RBI's log of the daily exchange rate movement of rupee versus major currencies showed …

Indian rupee hits record lifetime intra-day low on Friday
2 months, 3 weeks ago

Indian rupee hits record lifetime intra-day low on Friday

Deccan Chronicle  

New Delhi: For a consecutive ninth day in a row, the Indian rupee on Friday hit a record lifetime intra-day low of 85.80 before a possibly central bank’s intervention that helped recover some of its losses and settled 23 paise lower at a record low of 85.50 against the US dollar, weighing down a strong month-end demand for dollar. “Rupee …

Mint Quick Edit | Has the rupee weakened or strengthened?
2 months, 3 weeks ago

Mint Quick Edit | Has the rupee weakened or strengthened?

Live Mint  

On the face of it, the Indian rupee seems to be weakening, having fallen to a low of around 85.26 to the dollar. The rupee’s real effective exchange rate, which measures its value relative to a basket of trade-relevant currencies, is at a peak. A part of the rupee’s relative strength may be attributed to market intervention by the Reserve …

RBI’s monetary policy may have slowed demand: Finance Ministry
2 months, 3 weeks ago

RBI’s monetary policy may have slowed demand: Finance Ministry

The Hindu  

The Finance Ministry on Thursday said the “combination of monetary policy stance and macroprudential measures by the central bank may have contributed to the demand slowdown” in the economy — remarks that come two days after a Reserve Bank of India monthly bulletin article mooted urgent action to “excoriate inflation” so as to lend a stronger push for consumption and …

The bad and good of rupee weakening against dollar
3 months ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
3 months ago

Rupee slips to all-time low pressured by weak yuan, importer dollar bids

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline. The rupee declined to 85.12 against the U.S. dollar, hitting an all-time for the fifth consecutive trading session …

Rupee falls to historic low as FED signals hawkish stance
3 months ago

Rupee falls to historic low as FED signals hawkish stance

Deccan Chronicle  

Mumbai: The Indian rupee fell to a record low, slipping past 85 to the US dollar for the first time on Thursday after the US Federal Reserve signaled fewer rate cuts next year battering Asian currencies. The rupee has declined just 0.8 per cent in that time, making it the second-best among major Asian currencies, largely due to the RBI's …

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
3 months ago

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025

Live Mint  

The Indian rupee fell to a record low, slipping past 85 to the US dollar for the first time on Thursday, after the Federal Reserve signalled fewer rate cuts next year. Other Asian currencies also depreciated as the Korean won, the Malaysian ringgit, and the Indonesian rupiah were down 0.8%-1.2% on the day, after the Fed dot plot indicated two …

Rupee plunges to all-time low, reaches Rs 85 against US dollar
Trending News
3 months ago

Rupee plunges to all-time low, reaches Rs 85 against US dollar

India Today  

Rupee fell to an all-time low against the US dollar on Thursday, breaching the Rs 85 mark for the first time. This decline comes after the US Federal Reserve cut key interest rates by 25 bps and signalled fewer rate cuts in 2025, putting additional strain on the currency, which has already been under pressure due to weak capital inflows …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
3 months ago

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 18 - The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. Weakness in regional currencies ahead of the Federal Reserve's policy decision due in U.S. trading hours also hurt the …

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
3 months, 1 week ago

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

The Hindu  

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. “The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November …

Mint Primer: Why it will be a baptism by fire for new RBI Guv
3 months, 1 week ago

Mint Primer: Why it will be a baptism by fire for new RBI Guv

Live Mint  

On 11 December, Sanjay Malhotra, a career bureaucrat, took over as the 26th governor of the Reserve Bank of India. The government feels the slowdown is temporary but what should worry the new RBI governor more is the evolving stagflationary scenario—that’s slow growth accompanied by high inflation. Even before its previous meeting earlier this month, the Monetary Policy Committee which …

Indian rupee to face renewed pressure as US yields climb
3 months, 1 week ago

Indian rupee to face renewed pressure as US yields climb

Live Mint  

By Nimesh Vora MUMBAI, Dec 16 - The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. "With inflation remaining sticky, and President-elect Trump looking to strengthen the U.S. growth performance, the Fed is set to signal a more cautious …

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
3 months, 1 week ago

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy

The Hindu  

Published : Dec 13, 2024 18:19 IST - 6 MINS READ In what feels like chucking pails of water at a forest fire, the RBI has been selling dollars in the spot market to support the rupee. As has now been reported, the Central Bank’s average daily short position in the NDF or non-deliverable forwards market is at approximately 2 …

Inflows help rupee end higher on day but weekly losing streak persists
3 months, 1 week ago

Inflows help rupee end higher on day but weekly losing streak persists

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 13 - The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards market and a weaker yuan while mild inflows helped the currency on the day. U.S. producer price inflation data released on Thursday reaffirmed investor expectations of a 25-basis …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
3 months, 1 week ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s …

Rupee hits new low of 84.88 against USD
3 months, 1 week ago

Rupee hits new low of 84.88 against USD

New Indian Express  

The rupee is expected to trade near 84.5 against the dollar by end December. A strong dollar continues to create a depreciating bias for currencies globally and is likely to sustain FPI outflows from Indian markets in the near term. As a result, the 10Y UST yield has surged by 71bps between October and November, while the dollar index has …

Rupee hits record low, RBI intervention counters bearish tilt
3 months, 1 week ago

Rupee hits record low, RBI intervention counters bearish tilt

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the non-deliverable forwards market, while the central bank's intervention helped prevent sharp losses. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December …

Rupee hits lifetime low before RBI intervened to stop further decline
3 months, 1 week ago

Rupee hits lifetime low before RBI intervened to stop further decline

Firstpost  

The Indian rupee weakened to a low of 84.88 to the US dollar, down 0.04 per cent on the day. The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards market and from importers while intervention by the central bank kept a lid on losses, traders said. Heightened dollar demand in the …

Rupee takes a dive, more turbulence in 2025
3 months, 1 week ago

Rupee takes a dive, more turbulence in 2025

Live Mint  

What triggered the rupee’s recent fall? The Indian rupee breached a record low of 84.85 per dollar this week and briefly tested 85.06-per-dollar levels as outgoing Reserve Bank of India governor Shaktikanta Das’s term ended on Tuesday. However, increasing geopolitical uncertainty, attractive US government bond yields, cheaper crude oil prices and heavy foreign institutional investor outflow from domestic equities further …

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade
3 months, 1 week ago

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

The Hindu  

The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering …

Rupee expected to open higher amid Dollar decline and RBI policy review
3 months, 2 weeks ago

Rupee expected to open higher amid Dollar decline and RBI policy review

Hindustan Times  

The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. A majority of economists expect the central bank to make no changes to the policy rate amid high inflation and rupee weakness. The November jobs report, …

Rupee's slide: What it means for economy, markets, and you
3 months, 3 weeks ago

Rupee's slide: What it means for economy, markets, and you

India Today  

The rupee’s recent tumble to a record low of 84.73 against the US dollar has raised concerns about its impact on the economy and people’s daily lives. Although the rupee has recovered slightly today due to gains in the Chinese yuan, the recent drop reflects a confluence of global and domestic factors, creating ripple effects that extend beyond currency markets. …

Rupee poised for some relief on softer dollar, portfolio flows
3 months, 3 weeks ago

Rupee poised for some relief on softer dollar, portfolio flows

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 25 - The Indian rupee may log mild gains on Monday helped by a pullback in the U.S. dollar and portfolio inflows on account of the rebalancing of MSCI's global equity indexes. The dollar index rose to its highest level in two years on Friday but dipped 0.5% at Monday's market open to 106.9 after …

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff
4 months ago

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff

Live Mint  

The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors, and escalating geopolitical tensions continued to weigh heavily on the local currency. The dollar’s strength has been fueled by expectations that President-elect Donald Trump’s policies could reignite inflation and reduce …

Data dive: Should RBI let the rupee fall?
4 months, 1 week ago

Data dive: Should RBI let the rupee fall?

Live Mint  

The depreciation of the rupee has always been a political hot potato even though it is a natural trend for an emerging market. Several experts including the former chief economic advisor Arvind Subramanian have questioned the RBI’s intervention, while many economists have argued for a weaker rupee to boost trade competitiveness. However, the flip side is that a weaker rupee …

Rupee falls to all-time low against US dollar
4 months, 1 week ago

Rupee falls to all-time low against US dollar

Deccan Chronicle  

Mumbai: The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strength of the American currency in the overseas market dented investors' sentiments. Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank …

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