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Rupee to decline on poor risk appetite, weakness in Asian peers The Indian rupee is expected to open lower on Wednesday on the back of a decline in Asian currencies and weak risk appetite after rating agency Fitch cut the U.S. credit rating. Non-deliverable forwards indicate rupee will open at around 82.32-82.34 to the U.S. dollar compared with 82.2550 in the previous session. "Let's see if today's session is any different from yesterday's and if there is a follow up to the opening move higher (on USD/INR)," a forex trader at a...
Rupee to decline on poor risk appetite, weakness in Asian peers
Rupee to decline on poor risk appetite, weakness in Asian peers
Source: Reuters
2/08/2023 9:11:41 AM
Rupee set for slightly weak start to data-heavy week The Indian rupee may open marginally lower on Monday, bogged down by the decline in Asian currencies, to kick off a data-heavy week that includes the release of the U.S. inflation data and then the Federal Reserve rate decision. Non-deliverable forwards indicate the rupee will open at around 82.50 to the U.S. dollar, compared with its close of 82.4625 in the previous session. "Rupee traders will be hoping for a little bit of volatility this week," a fx spot trader said. "...
Rupee set for slightly weak start to data-heavy week
Rupee set for slightly weak start to data-heavy week
Source: Reuters
12/06/2023 8:57:42 AM
Rupee to open higher tracking Asia FX, upside broadly capped The Indian rupee is expected to open higher on Wednesday, helped by an uptick in Asian peers, but is unlikely to build much on its initial advance, traders said. Non-deliverable forwards indicate rupee will open at around 82.52-82.54 to the U.S. dollar, compared with 82.6050 in the previous session. The USD/INR pair seems to have made a new range with support at 82.50 and 82.30 and resistance at 82.80 and 83.00, a spot trader said. Based on Tuesday's session and the overall lack ...
Rupee to open higher tracking Asia FX, upside broadly capped
Rupee to open higher tracking Asia FX, upside broadly capped
Source: Reuters
7/06/2023 9:12:26 AM
Indian rupee drops as yuan declines below 7.10/dollar The Indian rupee inched lower on Tuesday, tracking the Chinese yuan-led decline on most Asian currencies, although losses were capped by portfolio inflows. The rupee was at 82.68 to the U.S. dollar by 10:46  a.m. IST, compared to 82.6250 on Monday. It had opened at 82.65 and has been in a near-4 paisa range so far. The Chinese yuan declined against the dollar, falling past the 7.10 level for the first time since Nov last year, weighed by a stuttering economic recovery and a hawkish...
Indian rupee drops as yuan declines below 7.10/dollar
Indian rupee drops as yuan declines below 7.10/dollar
Source: Reuters
30/05/2023 11:08:24 AM
Indian rupee may struggle on rising likelihood of Fed rate hike The Indian rupee may come under pressure on Monday, after a tentative deal to raise the U.S. debt ceiling made it likely that the U.S. Federal Reserve will raise rates next month. Non-deliverable forwards indicate the rupee will slightly lower from the previous session's level of 82.575 per U.S. dollar. Odds of a 25 basis points Fed rate hike at the June 13-14 meeting climbed to 2-in-3 after President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy...
Indian rupee may struggle on rising likelihood of Fed rate hike
Indian rupee may struggle on rising likelihood of Fed rate hike
Source: Reuters
29/05/2023 9:06:49 AM
Rupee to fall as dollar, US yields rise on debt ceiling concerns The Indian rupee is expected to decline on Thursday as worries over the U.S. debt ceiling boosted demand for the safe haven dollar and sent U.S. yields higher. Non-deliverable forwards indicate the rupee, having seen a bit of relief in the last two days, will resume losses. The one-month NDF indicates that the rupee will open at 82.70-82.72 to the dollar compared with 82.66 in the previous session. The dollar will "catch a bit of a bid" at open, but "it will have to do mu...
Rupee to fall as dollar, US yields rise on debt ceiling concerns
Rupee to fall as dollar, US yields rise on debt ceiling concerns
Source: Reuters
25/05/2023 8:54:18 AM
Rupee in narrow range ahead of US inflation, Fed minutes The Indian rupee held a narrow range against the U.S. dollar on Wednesday as caution prevailed ahead of an inflation report that would influence the Federal Reserve's next policy move. The rupee finished at 82.0775 per dollar compared with 82.1250 in the previous session. The currency traded in a narrow 10 paisa range as traders kept positions light heading into the release of the critical March U.S. consumer price index (CPI) data. The core CPI likely rose by 0.4% month-on-month...
Rupee in narrow range ahead of US inflation, Fed minutes
Rupee in narrow range ahead of US inflation, Fed minutes
Source: Reuters
12/04/2023 4:33:02 PM
Rupee nudges higher as dollar dips; eyes on Fed minutes The Indian rupee inched up on Monday, tracking Asian peers as the dollar index stalled after a recent rally, with investors awaiting minutes of the Federal Reserve meeting due mid-week. The rupee finished at 82.7225 per U.S. dollar, compared with its previous close of 82.83. Asian currencies recovered slightly on Monday after last week's selloff, with the Thai baht and the Philippine peso gaining around 0.7% and 1%, respectively. [EMRG/FRX] The dollar index backed down from a six...
Rupee nudges higher as dollar dips; eyes on Fed minutes
Rupee nudges higher as dollar dips; eyes on Fed minutes
Source: Reuters
20/02/2023 5:09:43 PM
Rupee flat as dollar demand offsets boost from oil plunge The Indian rupee was little changed on Friday as the benefit from a plunge in oil prices was countered by continued corporate demand for the dollar. The rupee was at 81.6650 per dollar, against its previous close of 81.65. The currency has declined 1% in volatile trade so far this week, giving back half its gains from last week in the wake of slightly soft U.S. inflation data. There is persistent demand for dollars from oil importers and other corporates, said foreign exchange traders. ...
Rupee flat as dollar demand offsets boost from oil plunge
Rupee flat as dollar demand offsets boost from oil plunge
Source: Reuters
18/11/2022 12:08:04 PM
Rupee may inch up as fall in U.S. yields boosts Asian currencies The Indian rupee may open a shade higher against the dollar on Friday, as a further pullback in U.S. Treasury yields lifted Asian currencies. The rupee is tipped to open at around 82.45 per U.S. dollar, compared with 82.4900 in the previous session. The local unit managed to reach 82.15 on Thursday but struggled thereafter on broad-based dollar demand. It is "increasingly evident" that the 82 to 83 level is probably "the new range" for the rupee, a Mumbai-based trade...
Rupee may inch up as fall in U.S. yields boosts Asian currencies
Rupee may inch up as fall in U.S. yields boosts Asian currencies
Source: Reuters
28/10/2022 9:09:39 AM
Rupee little changed after initial losses; U.S. yields, RBI eyed  The Indian rupee recouped from its initial decline versus the U.S. dollar and was little changed on Friday, as traders assessed the outlook for the local unit after the previous day's choppy session. The rupee was trading at 82.7650 to the dollar at 0456 GMT, barely changed from 82.7600 in the previous session. The local unit had opened marginally lower at 82.90, pressured by U.S. Treasury yields. On Thursday, the rupee had dropped to a record low, but managed to recover on li...
Rupee little changed after initial losses; U.S. yields, RBI eyed
Rupee little changed after initial losses; U.S. yields, RBI eyed
Source: Reuters
21/10/2022 9:09:08 AM
Asian currency bears retreat as inflation view improves - Reuters poll Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation, with short bets on the Thai baht falling sharply after the first rate hike in the country in nearly four years, a Reuters poll found. Short positions on all emerging Asian currencies fell, with bets on China's yuan at their lowest since late-April, according to the fortnightly poll of 12 analysts. Short bets on the Philippine peso, the Singapore dollar and the Indonesian ru...
Asian currency bears retreat as inflation view improves - Reuters poll
Asian currency bears retreat as inflation view improves - Reuters poll
Source: Reuters
11/08/2022 12:58:24 PM
Indian companies swapping dollar for Asian currencies to buy Russian coal Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow. Reuters previously reported on a large Indian coal deal involving the Chinese yuan, but the customs data underline how non-dollar settlements are becoming commonplace. India has aggressively stepped up purchases of Russian oil and coal since the war in Ukra...
Indian companies swapping dollar for Asian currencies to buy Russian coal
Indian companies swapping dollar for Asian currencies to buy Russian coal
Source: Reuters
10/08/2022 2:59:47 PM
Indian rupee tracks tepid Asian peers, shares to hit record low By Swati Bhat MUMBAI -The Indian rupee touched a record low on Tuesday, as weakness in domestic equities and other Asian currencies on fears of a global recession weighed on the local unit, although bonds rose following high demand for safer assets. Bond yields dropped as a sell-off in global equity markets boosted demand for safe-haven U.S. Treasuries and had a knock-down effect on Indian government bond yields. The euro hovered close to a 20-year low near parity to the dollar amid ...
Indian rupee tracks tepid Asian peers, shares to hit record low
Indian rupee tracks tepid Asian peers, shares to hit record low
Source: Reuters
12/07/2022 6:39:06 PM
Indian rupee hits record lows, traders see more weakness MUMBAI - The Indian rupee weakened further on Wednesday, touching record lows against the U.S. dollar as losses in domestic shares and other Asian currencies weighed on sentiment. The partially convertible rupee was trading at 78.94/95 per dollar by 0409 GMT, after touching a lifetime low of 78.95. The currency closed at 78.77 on Tuesday. Traders said the rupee could weaken towards 79 per dollar during the session, but the central bank is expected to intervene to slow the slide in the c...
Indian rupee hits record lows, traders see more weakness
Indian rupee hits record lows, traders see more weakness
Source: Reuters
29/06/2022 10:15:44 AM
Investors trim short bets on most Asian FX, but stay bullish on China's yuan - Reuters poll  Investors trimmed bearish bets on most Asian currencies, encouraged by the reopening of tourism-reliant economies, while sentiment remained moderately bullish on China's yuan despite signs of economic stress, a fortnightly Reuters poll found. Short positions on the Indian rupee, Philippine peso, Thai baht and South Korean won eased, while long bets on the Singapore dollar and Indonesia's rupiah declined, the poll of 11 respondents showed. Investors remained somewhat bullis...
Investors trim short bets on most Asian FX, but stay bullish on China's yuan - Reuters poll
Investors trim short bets on most Asian FX, but stay bullish on China's yuan - Reuters poll
Source: Reuters
4/11/2021 3:01:09 PM
Indian rupee hits 2-1/2-month low, bond yields up as oil spikes MUMBAI - The Indian rupee weakened to its lowest in two-and-a-half months while bond yields rose on Wednesday, as a spike in global crude oil prices re-ignited concerns over imported inflation and a drop in other Asian currencies weighed on investor sentiment. The partially convertible rupee was trading at 74.59/60 per dollar, as of 0600 GMT, after touching 74.6450, its lowest since July 20. It had closed at 74.4450 on Tuesday. "Overall risk tone is that of caution given several li...
Indian rupee hits 2-1/2-month low, bond yields up as oil spikes
Indian rupee hits 2-1/2-month low, bond yields up as oil spikes
Source: Reuters
6/10/2021 11:48:11 AM
Investors trim long positions on Asian currencies, yuan bets halved: Reuters poll BENGALURU - Long bets on most of Asia's emerging currencies were trimmed, a Reuters poll showed on Thursday, as investors weigh the prospect of tighter monetary settings as the U.S. recovery outperforms, while the COVID-19 situation locally is brought under control. The 13 responses came in before the Federal Reserve's policy meeting late on Wednesday where it stunned by signalling it might raise interest rates as early as 2023, a faster pace than initially assumed. Emerging mar...
Investors trim long positions on Asian currencies, yuan bets halved: Reuters poll
Investors trim long positions on Asian currencies, yuan bets halved: Reuters poll
Source: Reuters
17/06/2021 11:00:55 AM
Investors turn short on most Asian currencies, cut long bets on yuan sharply: Reuters poll BENGALURU - Investors cut long bets sharply on the Chinese yuan while turning short on most other Asian currencies, a Reuters poll showed, as U.S. economic growth and rising Treasury yields bolstered the dollar. Expectation that the U.S. economic recovery will far outpace the rest of the world has seen Treasury yields on the rise and is giving the dollar an added boost, sapping appetite for emerging market currencies and bonds that traditionally yield more though are considered riskie...
Investors turn short on most Asian currencies, cut long bets on yuan sharply: Reuters poll
Investors turn short on most Asian currencies, cut long bets on yuan sharply: Reuters poll
Source: Reuters
11/03/2021 11:17:58 AM