INR
GBP, INR, JPY, Market Analysis, Technical Analysis
Indian Rupee Forecast: INR Falls 0.47% as Yen and Pound Also Weaken Against Major Currencies
The Indian rupee is leading currency losses in the latest foreign-exchange market update, falling 0.47%, while the Japanese yen declines 0.10% and the British pound slips 0.09%. The euro and US Dollar Index remain little changed, highlighting a mixed session across major currency markets. The rupee’s sharper decline places the Indian currency under greater pressure […]
by Currency Hedger
- 0 Comments
- 22 hours ago
INR, Market Analysis, Technical Analysis
Indian Rupee Rally Stalls Near 94.80 as Oil Surges Towards $115 and Dollar Demand Weighs on INR
The Indian rupee is struggling to extend its recovery against the US dollar, hovering around 94.80 per dollar as rising crude oil prices, persistent demand for US currency and capital outflows continue to weigh on the exchange rate. The reversal follows an eight-session rally that pushed the rupee to a more than six-week high near […]
by Currency Hedger
- 0 Comments
- 23 hours ago
INR, Market Analysis, Technical Analysis
Indian Rupee Holds Near Six-Week Highs at 94.84 as RBI Intervention Counters $110 Oil Pressure
The Indian rupee is holding near six-week highs around 94.84 per US dollar after recording its strongest weekly performance since March, gaining approximately 2% last week. Reserve Bank of India (RBI) intervention, tighter foreign-exchange restrictions and additional dollar supply measures have helped stabilise the currency despite elevated crude oil prices and continued foreign portfolio outflows. […]
by Currency Hedger
- 0 Comments
- 5 days ago
INR, Market Analysis, Technical Analysis
Indian Rupee gains for fifth straight day against US Dollar
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Marketing Companies (OMCs). In the opening trade on Friday, the USD/INR pair posts a fresh over five-week low at 94.69. […]
by Currency Hedger
- 0 Comments
- 1 week ago
INR, Market Analysis
Indian Rupee strengthens on weak US bond yields, RBIs new measures
The Indian Rupee (INR) trades higher against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 94.95 as the US Dollar underperforms and United States (US) Treasury Yields face intense selling pressure in the aftermath of the US Consumer Price Index (CPI) data for September released on Thursday. US Dollar Price Today […]
by Currency Hedger
- 0 Comments
- 1 week ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee Forecast: RBI Intervention and Falling US Yields Support Recovery
The Indian rupee has strengthened to around 94.9 per US dollar, reaching a four-week high as falling US Treasury yields and reduced expectations of further Federal Reserve rate increases provide relief. Aggressive intervention by the Reserve Bank of India (RBI), including dollar sales and measures aimed at curbing speculative trading, has also supported the currency. […]
by Currency Hedger
- 0 Comments
- 1 week ago
INR, Market Analysis, Technical Analysis
Indian Rupee extends winning streak for third trading day on Wednesday
The Indian Rupee (INR) extends the rally against the US Dollar (USD) for the third trading day on Wednesday, driven by fresh Reserve Bank of India’s (RBI) measures to curb the US Dollar’s (USD) demand. In the opening trade, the USD/INR pair is down 0.35% to slightly below 95.00, the lowest level seen in over […]
by Currency Hedger
- 0 Comments
- 1 week ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee gains further on RBI’s fresh measures to lower US Dollar’s demand
The Indian Rupee (INR) extends the Monday’s advance against the US Dollar (USD) on Tuesday, driven by the announcement of fresh Reserve Bank of India’s (RBI) US Dollar-related measures to shore up the domestic currency. In the opening session, the USD/INR pair tumbles 0.6% to near 95.00, the lowest level seen in over a month. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee Forecast: RBI Measures Trigger Recovery as USD/INR Retreats from Record Highs
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indian rupee has strengthened to around 95.82 per US dollar, recovering from near-record lows after the Reserve Bank of India (RBI) introduced new measures designed to ease depreciation pressures. The central bank’s intervention targets a major source of dollar demand from state-owned oil companies, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
INR, Market Analysis
USD/INR remains broadly muted after RBI’s 25 bps hike in Repo Rates to 5.5%
The Indian Rupee ((INR) remains broadly muted at around 96.37 against the US Dollar (USD) after the Reserve Bank of India’s (RBI) monetary policy decision. In the policy meeting, the RBI decide to hike its Repo Rate by 25 basis points (bps) to 5.5%, the first hike since February 2023. In the policy statement, RBI […]
by Currency Hedger
- 0 Comments
- 2 weeks ago