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Rupee weakens against US dollar on Thursday The Indian rupee weakened against the US dollar on Thursday, tracking weak domestic equities, elevated crude oil prices and persistent dollar demand from importers and foreign banks. Rupee sentiments fell further by growing fears that the Trump administration's tax cut and spending bill could balloon the already huge deficit. However, some falls were limited by foreign fund inflows into the Indian capital market and weak dollar index overseas. Foreign Institutional Investors bought equiti...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2025-05-22 11:32:34 am
Dollar swoons on fiscal worries, bitcoin extends record rally U.S. fiscal concerns and a tepid auction of Treasury bonds slapped the dollar to a two-week low versus the yen on Thursday, while President Donald Trump tried to push his sweeping spending and tax-cut bill through Congress. The lacklustre 20-year bond sale reinforced the "Sell America" narrative, weighing on not just the dollar but Wall Street as well, with traders already jittery after Moody's cut the U.S. triple-A credit rating last week. Bitcoin pushed to a fresh all-ti...
Dollar swoons on fiscal worries, bitcoin extends record rally
Dollar swoons on fiscal worries, bitcoin extends record rally
Source: reuters
2025-05-22 09:02:58 am
US fiscal concerns drive dollar down, to propel rupee higher The Indian rupee is likely to open higher on Thursday, supported by the strength in Asian peers, with investors shying away from the dollar due to U.S. fiscal concerns. The 1-month non-deliverable forward indicated a open in the 85.55 to 85.58 range, versus 85.6375 in the previous session. The offshore Chinese yuan rose past 7.1950 to the U.S. dollar, the Indonesian rupiah rallied 0.6% and the Malaysian ringgit and the Taiwanese dollar were both up 0.4%. Based on recent price action, it...
US fiscal concerns drive dollar down, to propel rupee higher
US fiscal concerns drive dollar down, to propel rupee higher
Source: reuters
2025-05-22 08:48:21 am
Rupee strengthens against US dollar on Wednesday The Indian rupee strengthened against the US dollar on Wednesday tracking weakness in the American currency at overseas markets. However, pressure from rising US Treasury yields, foreign fund outflows, and rising crude oil prices after reports Israel is preparing a strike on Iranian nuclear facilities, have capped further gains in domestic currency. Foreign institutional investors offloaded equities worth Rs 10,016.10 crore on a net basis on Tuesday, exchange data showed.    T...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2025-05-21 11:50:21 am
Rupee strengthens against US dollar on Monday The Indian rupee strengthened against the US dollar on Monday, due to weak American currency in the overseas market following caution from the US credit rating downgrade. Moreover, a retreat in global crude oil prices and strong foreign fund inflows have also supported rupee sentiments. Foreign institutional investors purchased equities worth Rs 8,831.05 crore, while domestic institutional investors bought equities worth Rs 5,187.09 crore on Friday, exchange data showed. India's foreign e...
Rupee strengthens against US dollar on Monday
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2025-05-19 11:32:11 am
India`s forex reserves surge by $4.5 bn to cross $690.6 bn mark India's foreign exchange reserves surged by $4.5 billion to $690.62 billion for the week ended May 9, RBI data released on Friday showed.  Foreign currency assets, a major component of the reserves, increased by $196 million to $581.37 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves, which also constitute part of t...
India`s forex reserves surge by $4.5 bn to cross $690.6 bn mark
India`s forex reserves surge by $4.5 bn to cross $690.6 bn mark
Source: IANS
2025-05-17 10:34:28 am
Rupee weakens against US dollar on Friday Indian Rupee weakened against the US dollar on Friday, tracking weak domestic equity indices and rise in crude prices. Meanwhile, traders were cautious after the trade deficit widened to a five-month high of $26.42 billion as imports rose 19.12% year-on-year to $64.91 billion and exports rose 9.03% year-on-year to $38.49 billion in April. However, some fall was limited by strong FII inflows and a weaker dollar index. Foreign institutional investors bought equities worth Rs 5,392.94 crore on a...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2025-05-16 12:17:13 pm
Dollar tracks Treasury yields lower on benign US data -The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. economic data this week cemented bets of more Federal Reserve rate cuts this year. The week started out with a mix of market tailwinds headlined by a U.S.-China trade truce which propelled the dollar higher, though the euphoria soon fizzled out and left currencies trading sideways. Most of the action in the foreign exchange market came from the dollar's moves against the South Korean won,...
Dollar tracks Treasury yields lower on benign US data
Dollar tracks Treasury yields lower on benign US data
Source: Reuters
2025-05-16 08:59:25 am
Rupee lags most Asian peers as client flows trump India-Pakistan truce Persistent dollar bids from Indian companies and foreign banks weighed on the rupee this week, making it a laggard among Asian peers and blunting the positive impact of a truce between India and Pakistan. The currency hit a peak of 84.6250 in the immediate aftermath of the India-Pakistan ceasefire, but was unable to sustain the gains. Traders said robust dollar-buying from state-run and foreign banks, likely on behalf of their clients, kept the rupee on the back foot. The currency wa...
Rupee lags most Asian peers as client flows trump India-Pakistan truce
Rupee lags most Asian peers as client flows trump India-Pakistan truce
Source: Reuters
2025-05-16 08:45:22 am
Rupee weakens against US dollar on Thursday The Indian rupee weakened against the US dollar on Thursday, tracking weak domestic equities, while investors were awaiting US Fed Chair Jerome Powell's speech and US producer price index data for clues on the US Federal Reserve's interest rate trajectory. However, weakness in the American currency,  ease in India’s wholesale inflation, foreign fund inflows, and easing crude oil prices have restricted the downfall. Foreign institutional investors bought equities worth Rs 93...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2025-05-15 12:04:38 pm
Dollar wavers on uncertainty over trade deals; S.Korean won in focus The dollar wobbled on Thursday in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves. The Asian currency was volatile overnight as investors weighed the news that officials from South Korea and the U.S. met last week to discuss the dollar/won exchange rate. But a report from Bloomberg that Washington is not negotiating for a weak...
Dollar wavers on uncertainty over trade deals; S.Korean won in focus
Dollar wavers on uncertainty over trade deals; S.Korean won in focus
Source: Reuters
2025-05-15 08:56:42 am
Rupee to struggle on weak Asian cues, ongoing dollar demand The Indian rupee is set to open weaker on Thursday, tracking losses in Asian peers amid higher U.S. Treasury yields and facing likely continued dollar demand for near-term obligations. The 1-month non-deliverable forward indicated that the rupee will open at 85.36 to 85.38 to the U.S. dollar compared with 85.27 in the previous session. The rupee’s opening strength has proven fleeting over the past two sessions. After opening firm, it rose to near 84.60 on Tuesday and 85.00 on Wedn...
Rupee to struggle on weak Asian cues, ongoing dollar demand
Rupee to struggle on weak Asian cues, ongoing dollar demand
Source: Reuters
2025-05-15 08:48:23 am
Rupee strengthens against US dollar on Wednesday The Indian rupee strengthened against the US dollar on Wednesday, tracking firm domestic equities and positive macroeconomic data. India's retail inflation eased to a nearly six-year low of 3.16% in April from 3.34% in March, giving enough room for RBI to go for another round of rate cut in the June monetary policy review. Moreover, fall in crude oil prices and the US dollar index have also supported rupee sentiments. However, foreign fund outflows limited further gains in rupee. Foreign ...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2025-05-14 11:47:15 am
Dollar steadies with trade talks in frame after sliding on cooler US inflation The U.S. dollar stabilised on Wednesday following its biggest decline in more than three weeks overnight, with softer-than-expected U.S. consumer inflation data bolstering the case for Federal Reserve easing just as global trade tensions cool. The Labor Department said the consumer price index increased 0.2% last month, below expectations of economists polled by Reuters for a 0.3% gain, after dipping 0.1% in March. At the same time, inflation is likely to pick up in the coming months as...
Dollar steadies with trade talks in frame after sliding on cooler US inflation
Dollar steadies with trade talks in frame after sliding on cooler US inflation
Source: Reuters
2025-05-14 09:23:34 am
Rupee set to rise on US inflation-spurred dollar weakness, outflow reprieve The Indian rupee is expected to open higher on Wednesday, aided by a weaker dollar following soft U.S. inflation data and on expectations that the one-off outflow seen in the prior session may not repeat. The 1-month non-deliverable forward indicated that the rupee will open at 85.00-85.04 to the U.S. dollar, compared to 85.33 in the previous session. The Indian rupee saw an intraday reversal on Tuesday. After initially strengthening to almost 84.60, it weakened to nearly 85.50. Bankers...
Rupee set to rise on US inflation-spurred dollar weakness, outflow reprieve
Rupee set to rise on US inflation-spurred dollar weakness, outflow reprieve
Source: Reuters
2025-05-14 09:19:03 am
Rupee strengthens against US dollar on Tuesday The Indian rupee strengthened against the US dollar on Tuesday due to optimism from easing of tensions between India and Pakistan as well as the US-China trade deal. The US and China announced they will temporarily lower tariffs on each other’s products, with the US reducing its levies on most Chinese imports from 145% to 30% and China lowering its duties on US goods from 125% to 10% for 90 days. Moreover, foreign fund inflows into the Indian capital market also supported rupee sentimen...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
2025-05-13 12:15:16 pm
Indian rupee opens stronger against US dollar The Indian rupee opened 75 paise stronger at 84.65 against the US dollar on Tuesday, following its previous close at 85.38 a dollar.  The trading range for the day was expected to be between 84.50 and 85.25, according to analysts. The dollar maintained its gains following a significant trade pact between the US and China. The US will reduce tariffs on Chinese goods from 145 per cent to 30 per cent for 90 days, while China said it will cut tariffs on US goods from 125 per cent to 10...
Indian rupee opens stronger against US dollar
Indian rupee opens stronger against US dollar
Source: IANS
2025-05-13 10:19:06 am
Rupee strengthens against US dollar on Friday The Indian rupee strengthened against the US dollar on Friday, despite weak domestic equities, steady American currency at overseas markets, and rising border tensions between India and Pakistan. Rupee sentiments strengthened on easing concerns over the ongoing trade war after US President Donald Trump announced a new comprehensive trade deal with the UK, and also hinted he would lower tariffs against China if weekend trade talks with Chinese negotiators go well. Foreign institutional investo...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2025-05-09 01:43:41 pm
Rupee trades flat against US dollar on Thursday The Indian rupee was trading flat against the US dollar on Thursday due to firm American currency overseas, while uncertainty over US-China trade talks and heightened cross-border tensions with Pakistan have also kept rupee under pressure. Meanwhile, the US Federal Reserve kept its benchmark interest rates unchanged in the 4.25% - 4.50% range. Foreign institutional investors bought equities worth Rs 2,585.86 crore on a net basis on Wednesday, exchange data showed.  The partially conve...
Rupee trades flat against US dollar on Thursday
Rupee trades flat against US dollar on Thursday
Source: Accord Fintech
2025-05-08 11:52:24 am
Rupee weakens against US dollar on Wednesday The Indian rupee weakened against the US dollar on Wednesday tracking weakness in domestic equities amid India conducted Operation Sindoor to destroy terror infrastructure in Pakistan in the early hours of Wednesday. Rupee weakened further by the firm American currency overseas as investors are closely watching potential developments in tariff negotiations between the US government and its trading partners, and also awaiting the US Federal Reserve’s next policy signal. However, some fal...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2025-05-07 11:37:37 am
Rupee depreciates against US dollar on Tuesday The Indian rupee weakened against the US dollar on Tuesday amid growing uncertainty and a cautious recalibration of risk appetite. Investors overlooked the report that India’s Services Purchasing Managers' Index (PMI) for April 2025, compiled by S&P Global, rose to 58.7, an increase from 58.5 recorded in March, signalling a slight growth in the country’s services sector. The India Composite Purchasing Managers' Index (PMI) rose to 59.7, up from 59.5 in March. On the gl...
Rupee depreciates against US dollar on Tuesday
Rupee depreciates against US dollar on Tuesday
Source: Accord Fintech
2025-05-06 12:51:39 pm
Forex reserves expose Pakistan's bankruptcy vs India's boom, says Amit Malviya BJP leader Amit Malviya on Monday highlighted the weakness of Pakistan’s economy, citing the meagre $15 billion in total foreign exchange reserves that the country has, in sharp contrast to India’s massive forex kitty of $688 billion.  “Forex reserves tell the tale: Pakistan’s Bankruptcy vs India’s Boom,” Malviya posted on X. “How long will it take for Pakistan’s tiny billions to disappear? Several Indian conglomerates, both public an...
Forex reserves expose Pakistan's bankruptcy vs India's boom, says Amit Malviya
Forex reserves expose Pakistan's bankruptcy vs India's boom, says Amit Malviya
Source: IANS
2025-05-06 10:01:51 am
Rupee strengthens against US dollar on Monday The Indian rupee strengthened against the US dollar on Monday, tracking weak American currency overseas, firm domestic equities and continued foreign investor support. Investors are awaiting the US Federal Reserve's policy decision due later this week. Foreign institutional investors bought equities worth Rs 2,769.81 crore on a net basis on Friday, exchange data showed. Meanwhile, forex reserves increased $1.983 billion to $688.129 billion during the week ended April 25, the RBI said. Mor...
Rupee strengthens against US dollar on Monday
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2025-05-05 12:27:33 pm
Rupee hits 7-month high against US dollar amid foreign fund inflows The rupee continued to strengthen against the US dollar, rising by 40 paise on Friday and breaching the 84-mark. This is the first time in seven months that the rupee has traded below the 84-level against the greenback.  The local currency opened at 84.09 and touched 83.90 during early trade. In the previous session, the rupee had closed at 84.49 against the dollar. Experts say the rupee’s upward movement is supported by increased foreign investments in Indian debt and equity...
Rupee hits 7-month high against US dollar amid foreign fund inflows
Rupee hits 7-month high against US dollar amid foreign fund inflows
Source: IANS
2025-05-03 10:47:49 am
Exclusive-India central bank seeks lifting cap on 'vostro' accounts investments to push rupee-denominated trade, sources say India's central bank has sought the government's approval to remove the cap on foreign banks with so-called vostro accounts buying short-term sovereign debt, to boost rupee-denominated investment and trade, according to two sources and a letter seen by Reuters. Vostro accounts are typically held by a domestic bank on behalf of a foreign bank in which trading partners can hold rupee-denominated balances emerging from trade transactions. The Reserve Bank of India (RBI), in 2022, a...
Exclusive-India central bank seeks lifting cap on 'vostro' accounts investments to push rupee-denominated trade, sources say
Exclusive-India central bank seeks lifting cap on 'vostro' accounts investments to push rupee-denominated trade, sources say
Source: Reuters
2025-05-02 06:06:48 pm
Rupee rally unabated; analysts abandon bearish outlook The Indian rupee rose sharply in early trading on Friday to climb past 84 per U.S. dollar for the first time since October 2024, driven by heavy dollar sales from foreign banks and strength in regional currencies. The rupee climbed to a peak of 83.83, up 0.7% from its close at 84.4875 in the previous session. The currency is now up nearly 2% on the week. A pick up in dollar inflows into Indian equities, optimism about a U.S. trade deal and a liquidation of short bets against the currenc...
Rupee rally unabated; analysts abandon bearish outlook
Rupee rally unabated; analysts abandon bearish outlook
Source: Reuters
2025-05-02 05:08:37 pm
Rupee strengthens against US dollar on Friday The Indian rupee strengthened against the US dollar on Friday, amidst firm domestic equity markets followed by renewed global optimism and rising expectations of a potential trade agreement between the United States and India. Rupee improved further after reports showed that India’s GST collection rose 12.6% year-on-year to an all-time high of about Rs 2.37 lakh crore in April against Rs 2.10 lakh crore in April last year, which was the second-highest collection ever since GST was rolle...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2025-05-02 02:34:57 pm
US dollar rallies on continued trade deal optimism; yen slumps The U.S. dollar continued to bounce back on Thursday on some technical buying after being oversold last month, with investors more optimistic about tariff deals between the United States and its trading partners. Volume was thinner than usual, as many international markets were closed on Thursday for the May Day holiday. The yen, meanwhile, sank as the Bank of Japan lowered growth forecasts due to U.S. tariffs and left interest rates on hold. It dropped to a four-week low against the do...
US dollar rallies on continued trade deal optimism; yen slumps
US dollar rallies on continued trade deal optimism; yen slumps
Source: Reuters
2025-05-02 09:39:17 am
Dollar on back foot ahead of payrolls data even as trade talks go on The dollar dipped on Friday, with investors nervous about chasing its recent rebound too much further ahead of important U.S. jobs data, but it remained set for a weekly rise against nearly all peers. The risk-sensitive Aussie and kiwi dollars climbed in Asia trade as European and Asian shares continued a rally that began on Wall Street against the backdrop of updates from China and Japan on tariff discussions with the Donald Trump administration. And that dollar selling then broadened ...
Dollar on back foot ahead of payrolls data even as trade talks go on
Dollar on back foot ahead of payrolls data even as trade talks go on
Source: Reuters
2025-05-02 09:34:56 am
Rupee`s rally likely to extend on positive Asian cues, inflow hopes The Indian rupee's ascent to multi-month highs may extend further on Friday, supported by a broad uptick in Asian peers and anticipated portfolio inflows. The one-month non-deliverable forward indicated that the rupee will open at 84.42-84.44 to the dollar, inching up from its close of 84.4875 on Wednesday. India's financial markets were shut on Thursday. The rupee rallied nearly 1% on Wednesday after breaching a key resistance level, marking its best day in more than two years....
Rupee`s rally likely to extend on positive Asian cues, inflow hopes
Rupee`s rally likely to extend on positive Asian cues, inflow hopes
Source: Reuters
2025-05-02 09:04:29 am
Dollar takes a breather; yen slips after BOJ The dollar sloughed off weak U.S. data to steady on Thursday as investors focused on signs the trade war may be cooling down, and looked ahead to U.S. jobs data due on Friday. The yen ticked about 0.2% lower to 143.29 per dollar after the Bank of Japan left interest rates at 0.5%, as expected. The dollar notched its largest monthly fall for 2-1/2 years through April, as President Donald Trump's flip-flopping tariffs hit growth expectations and rattled confidence. But it has come off...
Dollar takes a breather; yen slips after BOJ
Dollar takes a breather; yen slips after BOJ
Source: Reuters
2025-05-01 09:08:39 am
Rupee weakens against US dollar on Wednesday The Indian rupee weakened against the US dollar on Wednesday followed by firm American currency after the US Consumer confidence index sank to a half decade low in April, while US job openings dropped in March. Meanwhile, renewed geopolitical tensions between India and Pakistan also adding pressure on rupee sentiments. However, foreign fund inflows into the Indian capital market, weak crude oil prices and hopes of softening global trade tensions have limited further weakness in the domestic c...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2025-04-30 12:32:36 pm
Rupee traders monitor border news flow, eye yuan strength The Indian rupee is expected to find support from the Chinese yuan at Wednesday's open while market participants remain vigilant for any news related to the India-Pakistan border, where tensions continue to simmer. The 1-month non-deliverable forward indicated that the rupee will open marginally higher-to-flat to the U.S. dollar from the close of 85.2625 in the previous session. It was a choppy session for the rupee on Tuesday, with traders highly sensitive to any news related to In...
Rupee traders monitor border news flow, eye yuan strength
Rupee traders monitor border news flow, eye yuan strength
Source: reuters
2025-04-30 09:26:00 am
Dollar steady but vulnerable as tariff worries take hold -The U.S. dollar was steady on Wednesday but poised for its weakest monthly performance since November 2022 as erratic U.S. trade policies under President Donald Trump left the greenback vulnerable while boosting the euro, yen and Swiss franc. The White House has retreated several times on the sweeping tariffs Trump unveiled in early April that led to a global stock market meltdown and prompted investors to flee the normally safe-haven U.S. dollar and Treasury debt. Trump signed a pair ...
Dollar steady but vulnerable as tariff worries take hold
Dollar steady but vulnerable as tariff worries take hold
Source: reuters
2025-04-30 09:13:42 am
Rupee strengthens against US dollar on Tuesday The Indian rupee strengthened against the US dollar on Tuesday, despite fears of an escalation in tensions between India and Pakistan after a deadly militant attack on tourists in Kashmir last week. Strong rally in domestic equities, robust foreign fund inflows, India’s strong manufacturing and industrial production data, and easing global tensions have supported rupee sentiments. Foreign institutional investors bought equities worth Rs 2,474.10 crore on a net basis on Monday, exchange ...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
2025-04-29 02:00:27 pm
Dollar limps along on U.S.-China trade standoff The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations. Bessent said in an interview on Monday that it was up to China to de-escalate on tariffs - the latest in a slew of conflicting signals over progress on trade talks between the world's two largest economies. While Trump insists there has been ...
Dollar limps along on U.S.-China trade standoff
Dollar limps along on U.S.-China trade standoff
Source: Reuters
2025-04-29 09:16:36 am
Rupee to weaken after Pakistan official's comments heighten cross-border risks -The Indian rupee is set to weaken on Tuesday after comments from Pakistan's defence minister warning of an imminent military incursion by New Delhi raised concerns about a further increase in tensions between the two neighbours. This comes after a deadly militant attack on tourists in Kashmir last week, for which India has blamed Pakistan. The 1-month non-deliverable forward indicated that the rupee will open at 85.12-85.16 to the U.S. dollar compared with 85.03 in the previous ses...
Rupee to weaken after Pakistan official's comments heighten cross-border risks
Rupee to weaken after Pakistan official's comments heighten cross-border risks
Source: Reuters
2025-04-29 09:04:19 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "Rupee traded strong at 84.98, up by 0.25rs, supported by a sharp surge in capital markets, where major indices rose by 1.20% and banking index jumped by 1.41%. This improved domestic sentiment provided a solid cushion to the rupee even as the dollar index remained flat near 99.63$. Focus will now shift to this week's key US economic releases, particularly t...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2025-04-28 04:24:10 pm
Rupee strengthens against US dollar on Monday The Indian Rupee strengthened against the US dollar on Monday tracking firm domestic equities, despite escalating India - Pakistan tensions after a ceasefire violation across the Line of Control by Pakistan following the Pahalgam terror attack. Moreover, dip in crude oil prices, US dollar’s weakness, rising forex reserves and foreign fund inflows into Indian capital markets have also supported rupee sentiments. Data showing that Foreign institutional investors bought equities worth Rs 2...
Rupee strengthens against US dollar on Monday
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2025-04-28 12:28:43 pm
Rupee weakens against US dollar on Friday The Indian rupee weakened against the US dollar on Friday, tracking weak domestic equities amid the ongoing border tensions between India and Pakistan. However, some weaknesses were limited by significant foreign fund inflows into the Indian capital market and optimism over a potential India-US trade agreement. US Treasury Secretary Scott Bessent said that India could be the first nation to sign a bilateral trade deal to avoid President Donald Trump's reciprocal tariffs. A 26% reciprocal ...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2025-04-25 12:06:27 pm
Dollar surges then steadies as Trump backs down on Fed attacks The U.S. dollar rose sharply and then steadied on Wednesday as President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell in a relief to investors while optimism around trade deals lifted beaten down sentiment. The markets this week have been grappling with the notion that the Fed's independence could be under threat after repeated attacks by Trump on Powell for not cutting rates since the president resumed office in January. But late on Tuesday Tr...
Dollar surges then steadies as Trump backs down on Fed attacks
Dollar surges then steadies as Trump backs down on Fed attacks
Source: Reuters
2025-04-23 09:09:12 am
Rupee to dip as dollar rally stoked by Trump's Fed comments, US-China optimism The rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that U.S.-China trade tensions may ease. The 1-month non-deliverable forward indicated that the rupee will open at 85.24-85.26 to the U.S. dollar compared with 85.1875 in the previous session. The rupee has been knocking on the door of 85 in the last two sessions but has not been successful in breaking th...
Rupee to dip as dollar rally stoked by Trump's Fed comments, US-China optimism
Rupee to dip as dollar rally stoked by Trump's Fed comments, US-China optimism
Source: Reuters
2025-04-23 09:04:31 am
Rupee strengthens against US dollar on Tuesday Indian rupee strengthened against the US dollar on Tuesday as the US dollar weakened against its major peers overseas. Firm domestic equities and foreign fund inflows have also supported rupee sentiments. Foreign institutional investors bought equities worth Rs 1,970.17 crore on a net basis on Monday, exchange data showed. However, uncertainties over global trade war have limited further gains in the domestic unit. The US president again repeated his criticism of US Federal Reserve chair Jero...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
2025-04-22 01:46:38 pm
Rupee's winning streak threatened by yuan losses, technical hurdle The Indian rupee's winning run is likely to halt on Tuesday, pressured by a drop in Asian currencies stoked by the Chinese yuan and the local currency's failure to breach a key resistance level. The 1-month non-deliverable forward indicated that the rupee will open at 85.22-85.24 to the U.S. dollar, compared with its previous close of 85.1275. The rupee failed to break past the psychological 85 mark on Monday. The 200-day moving average, currently lodged in the 84.90-85.00 zone,...
Rupee's winning streak threatened by yuan losses, technical hurdle
Rupee's winning streak threatened by yuan losses, technical hurdle
Source: Reuters
2025-04-22 09:13:51 am
Indian rupee strengthens marginally against US dollar on Monday Indian rupee strengthened marginally against the US dollar on Monday, as the American currency dipped to its lowest in three years in wake of anxieties over Trump tariffs and President Trump's criticism of the Federal Reserve. Trump launched a series of attacks against Fed Chair Jerome Powell on Thursday, with his team evaluating whether they could fire Powell, a move that has great consequence for the central bank's independence and for global markets. Rupee sentiments improved furth...
Indian rupee strengthens marginally against US dollar on Monday
Indian rupee strengthens marginally against US dollar on Monday
Source: Accord Fintech
2025-04-21 01:47:15 pm
Dollar tumbles as Fed independence under threat from Trump The dollar dived on Monday as investor confidence in the U.S. economy took another hit over President Donald Trump's plans to shake up the Federal Reserve, which would throw into question the independence of the central bank. White House economic adviser Kevin Hassett said on Friday that the president and his team were continuing to study whether they could fire Fed Chair Jerome Powell, just a day after Trump said Powell's termination "cannot come fast enough" as he calle...
Dollar tumbles as Fed independence under threat from Trump
Dollar tumbles as Fed independence under threat from Trump
Source: Reuters
2025-04-21 09:19:46 am
Rupee to rise on dollar slide sparked by Fed autonomy concerns The Indian rupee is likely to advance on Monday, tracking broad dollar weakness triggered by worries about the FederalReserve independence under U.S. President Donald Trump. The 1-month non-deliverable forward indicated that the rupee will open at 85.15-85.20 to the U.S. dollar compared with 85.3675 in the previous session. The rupee is not too far away from the recent high of 84.96 hit at the beginning of the month. "The key thing to watch today is whether it (USD/INR) breaks b...
Rupee to rise on dollar slide sparked by Fed autonomy concerns
Rupee to rise on dollar slide sparked by Fed autonomy concerns
Source: Reuters
2025-04-21 09:08:38 am
India’s forex rises for 6th straight week to touch $677.84 billion India's foreign exchange reserves rose by $1.57 billion to $677.84 billion for the week ended April 11, according to the weekly data released by the RBI on Friday.  This is the sixth straight week in which the country’s forex kitty has recorded an increase. The foreign exchange reserves had surged by $10.8 billion to $676.3 billion during the preceding week ended April 4. For the week ended April 11, foreign currency assets, a major component of the reserves, rose by $892...
India’s forex rises for 6th straight week to touch $677.84 billion
India’s forex rises for 6th straight week to touch $677.84 billion
Source: IANS
2025-04-19 09:03:31 am