Tag: rupee vs dollar

Posted in Business

Rupee caught in tug-of-war between RBI-led unwinding, Trump’s Iran war deadline| Business News

The Indian Rupee is likely trade in a narrow range near 93 per dollar, supported by the central bank-spurred unwinding of arbitrage positions, while lingering…

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Traders reckon that the Reserve Bank of India will likely step in to avert a sharp slide in the rupee against the US dollar. (PTI)
Posted in Business

Rupee breaches 95/dollar, bond yield tops 7% for first time since July 2024| Business News

The rupee fell to an all-time low and the bond yield crossed 7% for the first time since July 2024, as Reserve Bank of India’s…

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India needs a forex reserve buffer of at least $1 trillion for robust intervention capacity, according to former RBI Deputy Governor Michael Patra. (Reuters)
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RBI’s defence of rupee vs dollar is weighing on India’s forex reserves| Business News

The Reserve Bank of India’s recent defence of the rupee vs dollar is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts…

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The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest annual decline since 2022. (Reuters)
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Rupee slumps to record low even as Goldman Sachs warns of 95/dollar levels| Business News

Goldman Sachs Group Inc. has warned that the Indian Rupee (INR) could tumble to 95 against the US Dollar (USD), even as the local currency…

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The Bombay Stock Exchange building in Mumbai. (Reuters)
Posted in Business

Iran war drags down everything, everywhere all at once for India Inc.—from Sensex to Nifty 50 and Rupee| Business News

India’s stock market suffered a across-the-board selloff Friday as an intensifying Iran war in West Asia pushed crude oil prices above $100 a barrel, threatening…

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With fundamental pressures mounting on rupee amid surging brent crude oil prices, the market's focus has shifted entirely to Reserve Bank of India. (Reuters)
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Rupee faces record low at open as $117 oil deepens deficit fears| Business News

The Indian rupee is poised to plunge to an all-time low at Monday’s open, battered by a relentless rally in global crude oil prices and…

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The Reserve Bank of India (RBI) is likely selling dollars in the forex market to prevent any further slide in rupee.
Posted in Business

RBI said to intervene as rupee slips past 92 per dollar amid escalating Iran war| Business News

The Reserve Bank of India has intervened in the forex market after Rupee slipped part the 92/Dollar mark for the first on Wednesday. The Reserve…

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Traders reckon that the Reserve Bank of India will likely step in to avert a sharp slide in the rupee against the US dollar. (PTI)
Posted in Business

Rupee to fall past 91/dollar as Iran war puts crude oil on the boil| Business News

The rupee is expected to fall past the 91 per dollar mark on Monday after the US and Israel bombed Iran over the weekend, risking…

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The rupee opened at 90.76 against the US dollar and then strengthened further to 90.73—up 21 paise from its previous close of 90.94 on Friday. (Reuters)
Posted in Business

Rupee strengthens against US dollar amid Trump tariff tantrums| Business News

The Indian Rupee rose against the US Dollar today, aided by sharp decline in crude oil prices and a weaker greenback due to US President…

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The RBI has on multiple occasions said it does not target any specific level for the rupee and only intervenes to curb excessive volatility. (Reuters)
Posted in Business

RBI surprises market with aggressive dollar sale to support rupee| Business News

The Reserve Bank of India sold dollars heavily before the local market opened on Thursday to lift the rupee, six bankers said, with the scale…

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