INR
INR
Rupee Extends Slide to Two-Week Low
The Indian rupee fell to around 95.7 per dollar, extending losses for a fourth consecutive session to two-week lows as surging crude oil prices and higher US Treasury yields weighed on the currency. Brent crude climbed nearly 12% this week, approaching $110 a barrel as intensifying Middle East tensions disrupted shipping through the Strait of […]
by Currency Hedger
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- 3 weeks ago
INR
Indian Rupee slumps as oil prices rally further, prompting RBI intervention prospects
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly. As of writing, the MCX Crude Oil contract expiring on September 21 trades higher by over 2.5%, slightly above […]
by Currency Hedger
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- 4 weeks ago
INR, USD
Rupee Retreats on Oil, Importer Demand
The Indian rupee fell to around 94.61 per dollar, retreating from more than two-month highs as rising oil prices and increased importer hedging demand pressured the currency. The rupee’s recovery has lost momentum as companies lock in dollar requirements amid concerns over costlier crude. Brent crude neared $97 a barrel as escalating US-Iran tensions and […]
by Currency Hedger
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- 4 weeks ago
INR
Rupee Hits Two-Month High
The Indian rupee rose to around 94.4 per dollar, reaching more than two-month highs as persistent Reserve Bank of India intervention and expectations of continued dollar selling supported the currency. The rupee gained 0.9% last week, with the RBI’s sustained presence helping insulate it from negative global cues. Traders stated that the central bank’s ability […]
by Currency Hedger
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- 4 weeks ago
INR, Technical Analysis, USD
Indian Rupee trades close to two-month low ahead of US NFP data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but is close to its two-month high of 94.29 posted the previous day. The Indian currency strengthens due to strong inflows of foreign funds through the Reserve Bank of India’s Foreign Currency Non-Resident (FCNR) (B) scheme and diminished Federal Reserve (Fed) […]
by Currency Hedger
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- 4 weeks ago
INR, Technical Analysis, USD
Indian Rupee gets supercharged by strong inflows through FCNR deposits
The Indian Rupee (INR) opens strongly against the US Dollar (USD) on Thursday, extending the rally to near 94.28. The Indian currency gains significantly as a juggernaut mobilisation of foreign exchange in India through the Reserve Bank of India’s (RBI) Foreign Currency Non-Resident (FCNR) (B) deposits window has increased FX reserves. According to a Reuters […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee holds onto two-month high against US Dollar
The Indian Rupee (INR) opens flat at around 94.95 against the US Dollar (USD) on Wednesday, but is close to its two-month low of 94.80 posted the previous day. The Indian currency is expected to face selling pressure against the US Dollar, as the latter has strengthened due to increasing expectations that the Federal Reserve (Fed) will […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee gets tailwinds from upbeat Q2 GDP, narrowed fiscal deficit
The Indian Rupee (INR) gains sharply against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit. According to a Reuters report, there has been persistent RBI intervention […]
by Currency Hedger
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- 1 month ago
INR, USD
Rupee Weakens on Fed Hike Bets, Oil
The Indian rupee weakened to around 95.5 per dollar, after trading largely flat in the previous week, as renewed expectations of a Federal Reserve rate hike strengthened the dollar and pushed US Treasury yields higher. Markets raised the probability of a September rate increase to nearly 60% following hawkish remarks from Fed Chair Kevin Warsh, […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee strengthens due to strong capital inflows, RBI support
The Indian Rupee (INR) inches higher against the US Dollar (USD) for the second consecutive day on Monday, positioning itself for a quiet start to the week. Strong capital inflows have supported the local currency, though traders remain attentive to fluctuating oil prices and potential Reserve Bank of India (RBI) interventions designed to maintain stability. […]
by Currency Hedger
- 0 Comments
- 1 month ago