Latest Updates Around The World
The Indian rupee finished almost flat on Wednesday as demand for the dollar, fueled by expiring contracts in the non-deliverable futures market, blunted the positive boost from modest inflows and gains among Asian peers.Despite expectations of increased dollar demand linked to NDF maturities this week, willingness to bet against the currency has also dulled on […]
The Indian rupee rose 125 paise on Tuesday after the announcement of the US-India trade deal lifted sentiment on the currency and recorded its best day in seven years, LSEG data said. The rupee closed at 90.26/$, compared to the previous close of 91.51/$1, unable to move above 90/$1 due to the presence of the […]
Market participants said the central bank’s dollar sales and swap operations helped stabilize the currency and manage liquidity, amid pressure from higher borrowing plans. | Photo credit: Government bond (G-Sec) yields firmed on Monday after the Union Budget for FY27 proposed a higher government borrowing programme. However, the rupee recovered lost ground following reports of […]
The Indian rupee posted its best one-day gain in more than a month on Monday, boosted by likely central bank dollar sales and modest inflows that eased spillovers from volatility in global markets.The central bank supplemented its interventions with dollar-rupee buy/sell swaps, which, traders said, were aimed at offsetting the liquidity impact of its spot […]
Indian government bonds fell on Friday, ending a three-day winning streak, as traders feared the market could struggle to absorb the supply of new government bonds next week.The benchmark 10-year Treasury yield of 6.48% for 2035 ended the day trading at 6.6635%, compared to Thursday’s close of 6.6352%. Bond yields move in the opposite direction […]
Mumbai: The Indian rupee fell on Monday after a three-day rally against the US dollar, although it did not cross the 90 mark. The decline was driven by demand for dollars from local companies and pressure from the non-deliverable futures market, which offset recent intervention-led gains. The rupee closed at 89.65 per dollar, down 0.4% […]
The Indian rupee, which had fallen dangerously close to $91.1 after five consecutive sessions of losses, made a sharp turnaround on Wednesday after decisive intervention by the Reserve Bank of India. This halted a one-way decline and gave the currency its strongest daily gain in two months.The rupee closed at 90.38 per US dollar, up […]
The rupee closed at a new low of 90.73 against the dollar on Monday as foreign institutional investors continued to reduce their exposure to Indian equities.The currency devalued 32 paise from Friday’s closing level of 90.41 after hitting an intraday low of 90.80, which is its all-time low. The impasse over the India-US trade deal, […]
The weakening Indian currency is causing a broad, five-channel macroeconomic shock that could change everything from business sentiment to fiscal accounts, Bank of America Global Research said in a report on Monday, arguing that the rupee’s decline “could and will impact several macroeconomic variables in India, if it persists.”The warning comes as the rupee closed […]
