Page 20 - Indian Rupee

India's CBDC roll-out likely this fiscal with wholesale businesses

India's own sovereign-backed CBDC was first announced by Union Finance Minister Nirmala Sitharaman in the 2022 Union Budget

RBI's net forward book shrinks $34.94 bn in first 3 months of FY23

The multi-pronged defence of the rupee is behind the sharp fall in RBI's long forward position

Rupee falls by 12 paise to 79.76 against US dollar in opening trade

The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last close. On Thursday, the rupee depreciated 19 paise to close at 79.64 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 107.62. Meanwhile, global oil benchmark Brent crude futures fell 0.37 per cent to USD 96.23 per barrel. The rupee opened weaker on Friday after the dollar index reached a 1-month high following comments from US Federal Reserve officials over the quantum of rate hikes, said Sriram Iyer, Senior Research Analyst at Reliance Securities. Supports for the USD/INR spot pair are at 79.60 and 79.50 and resistances are at 79.80 and 79.90. A break above the resistances will push th

RBI steps in as rupee slides on corporate outflows; bond yields jump

Bond yields jump as traders lock in profits after speculative rally on Wednesday

We expect rupee to trade in 79.25-79.75 per dollar range: BoB report

The Indian rupee is expected to trade in the 79.25-79.75 per US dollar range in the coming days due to easing crude oil prices and continued inflows by foreign investors, the Bank of Baroda said

Govt bonds, rupee strengthen as crude prices plunge on growth concerns

A decline in domestic headline retail inflation to a five-month low in July also bolstered the appetite for bonds

Rupee posts biggest intraday gain in over a week as equities rally

The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities.

Rupee seen stronger tracking oil price fall; US yields may cap gains

The rupee, which is set to resume trade after a four-day weekend, is seen opening at 79.25-79.30 per dollar, up from 79.6550 on Friday

Time to diversify debt investment; Rs to stay under pressure: Sandeep Yadav

The higher yields have provided a good entry point for debt investors after years of low yields

Rupee weakens on heavy dollar demand from importers, oil marketing firms

Lower US CPI a relief, but rupee still seen testing 80/$1 on elevated CAD

'Worst likely over' for emerging Asian currencies as US Fed hike bets ease

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

Rupee opens higher at 79.25 vs dollar as US inflation concerns ease

The Indian rupee opened higher against the dollar on Thursday as a decline in the US inflation rate boosted Asian currencies, lifting risk appetite

Rupee sheds 40 paise against US dollar on aggressive Fed hike fears

The domestic currency closed at 79.65 per US dollar against 79.25 per dollar at previous close

RBI took steps to promote rupee as preferred currency for global trade: FM

RBI asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.

Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines

Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said.

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

Rupee gains 26 paise in afternoon trade to 79.20 against US dollar

The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 pm on Friday, as against 79.46 close on the previous trading session

Rupee tipped to open higher as oil slips to 5-month low; RBI policy eyed

The Indian rupee is expected to strengthen against the U.S. dollar at open on Friday as oil prices extended their recent slide to slip to their lowest since February

Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar

Record high trade deficit, technical factors add to woes

Rise in cash in circulation for April-July stands at Rs 50,800 cr: RBI data

The currency in circulation had jumped by over Rs 4 trillion in 2020-21, while the increase tapered to Rs 2.80 trillion in the last financial year