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Rupee Hits Record Low, Central Bank Likely Steps In
Indian central bank likely intervened to support rupee ahead of rate decision, traders say
The Reserve Bank of India likely intervened to support the rupee before the open of the local spot market ahead of a closely-watched monetary policy decision on Friday, four traders told Reuters. The rupee was quoting at 87.
Rupee Hits Record Low, Central Bank Likely Steps In As Bearish Bias Persists
The Indian rupee hit an all-time low on Thursday amid heightened dollar demand likely spurred by the maturity of positions in the non-deliverable forwards market, while a prevailing bearish bias on the currency also weighed.
Rupee slumps 40 paise in a day, hits record low of 87.49/$
MUMBAI: The rupee fell to a record low of 87.49 on Wednesday before closing at 87.47, down 40 paise in a day, amid expectations of a rate cut by RBI. Despite a weaker dollar index and lower global oil prices,
Rupee strengthens, forwards dip ahead of central bank policy decision
The Indian rupee rose in early trading on Friday, tracking the gains in most Asian currencies, while dollar-rupee forward premiums dipped ahead of a closely watched monetary policy announcement by the Reserve Bank of India.
1d
Rupee hits record low ahead of central bank policy decision
The Indian rupee declined to its lifetime low on Thursday as a dip in Asian peers added to the prevailing bearish outlook on ...
7h
Mint Primer: Is the rupee on course for a bottomless fall?
On Monday, the rupee breached the psychologically important 87 per dollar level when President Donald Trump threatened to ...
7h
Rupee recovers 15 paise from all-time low level to close at 87.44 against U.S. dollar
The rupee recovered 15 paise from its all-time low closing level to 87.44 (provisional) against the U.S. dollar on Friday ...
10h
Rupee recovers 26 paise from all-time low level to 87.33 against US dollar
At the interbank foreign exchange, the rupee opened at 87.57, it touched an intraday high of 87.33 and a low of 87.57 against ...
2d
Dollar-rupee forwards dip on RBI rate cut bets, overnight swap rate normalizes
Dollar-rupee forward premiums and very-near-tenor swap rates dipped on Wednesday as some of the excess dollar liquidity in ...
India West
17h
Rupee Drops, Becomes Worst Performing Asian Currency In 2025
The Indian rupee hit a record low on February 6, declining to 87.5825 against the U.S. dollar, as market concerns over U.S.
money.rediff
7h
Rupee Recovers 15 Paise, Closes at 87.44 vs US Dollar
The Indian rupee recovered 15 paise from its all-time low against the US dollar after the Reserve Bank of India cut the repo rate by 25 basis points. The rupee closed at 87.44 on Friday.
7h
Rupee Closes Below 279 Against US Dollar 2nd Day in a Row After Small Increase
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 280 in the interbank ...
6h
India bolsters rupee trade: RBI gives nod for 156 vostro accounts with 26 banks for partner nations
A Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account ...
money.rediff
5h
RBI Cuts Rates, But Focus on Global Uncertainty, Not Rupee: Guv
Reserve Bank of India cuts interest rates for the first time in 5 years, but Governor Malhotra emphasizes global ...
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