Page 9 - Currency Market

One-month dollar-rupee forward rate curve inverts on arbitrage bets

Many players are utilising these arbitrage opportunities, even as currency dealers say this is temporary

US stops short of branding Vietnam, Switzerland currency manipulators

The Treasury report also said the COVID-19 crisis was likely to continue to affect current account positions over the next year

Sudden movement of the rupee is not a reason to panic, say currency dealers

According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month

Analysts see rupee at 76.5; Four factors that may guide the trajectory

Rupee vs Dollar: Over the short-term, currency watchers expect the rupee to fall on the back of the RBI's plan to buy government bonds worth Rs 1 trillion from the secondary market

Sterling hits $1.40 for first time in nearly 3 years on vaccine hopes

At 0857 GMT, the pound was at $1.4005 against the dollar

Rupee falls 24 paise to 73.48 against the US dollar in early trade

The rupee depreciated 24 paise to 73.48 against the US dollar in opening trade on Monday, tracking a rebound in the American currency even as domestic equities were trading with significant gains

Rupee surges 19 paise to 73.12 against the US dollar in early trade

The rupee appreciated by 19 paise to 73.12 against the US dollar in opening trade on Thursday supported by sustained foreign fund inflows and weakness of the American currency in the overseas market

Indian rupee set to return near pre-Covid-19 levels by March, says Nomura

Nomura expects the rupee to bounce back to 72 per dollar by end-March, a level last seen in February

Rupee slumps 33 paise to 74.74 against the US dollar in early trade

The rupee depreciated 33 paise to 74.74 against the US dollar in opening trade, tracking strong American currency ahead of the US Presidential election results

RBI to extend trading hours to 3:30 pm from 2 pm starting November 9

Move follows graded roll-back of lockdown and easing of curbs on movement; restoration of trading hours to be done in phases

Managing markets

Bond and currency markets would increase policy difficulties

Rupee settles flat at 74.94 against US dollar after RBI keeps rates on hold

During the session, it had witnessed an intra-day high of 74.77 and a low of 74.96 against the greenback

Bond and currency dealers baulk at the thought of joining back office

While an official rule allows only 10% staff in office on any working day, trading typically requires dealer presence on the floor. And banking is an essential service

Despite Moody's rating downgrade, indicators point to rupee revival

Currency dealers say the Reserve Bank of India (RBI) intervened in the currency markets, and may have even bought some bonds anonymously from the secondary markets.

Sitharaman launches two exchanges to take on offshore currency market

The launch comes amid the world's most expansive coronavirus lockdown, which has crippled businesses and hurt trading volumes in the country's financial markets.

Covid-19 impact: Bond and currency markets to close at 2 pm till April 30

Such curtailed hours, in which bond and currency markets operated between 10 am and 2 pm, from 9 am to 5 pm in normal times, were in force till April 17

Rupee payment permissible for exports to Bhutan, says expert

If you are able to satisfy the Customs that you had valid reasons to do so, there may be no adverse implications

Bond, currency markets witness high volatility in FY20 over Covid-19 fear

While the rupee hit its lifetime low of about 76.30 a dollar, the 10-year bond yields fell to 6 per cent, as Covid-19 led to an unprecedented slide in financial assets worldwide

Work from home still not an option for currency traders amid coronavirus

In currency, the interbank rates can be availed only through a few platforms, including Murex, Calypso, and Reuters

Market rout: RBI intervenes to protect continuously falling rupee

"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.