INR

The Indian rupee weakened past 90 per USD, hitting another fresh record low, pressured by corporate dollar outflows, which added to concerns over the absence of a US-India trade deal. The outflows were driven by Indian companies buying dollars for end-of-year international payments, alongside demand from foreign and local private lenders likely linked to merchant […]

The Indian Rupee (INR) bounces back against the US Dollar (USD) on Tuesday. The USD/INR pair falls to near 90.20 amid a slowdown in the pace of foreign outflow from the Indian stock market. Over the last two trading days, overseas investors have pared their stake by an average worth of Rs. 547.25 crore, which is lower than the […]

The Indian Rupee (INR) opens calmly against its major peers on Friday ahead of India’s preliminary HSBC Purchasing Managers’ Index (PMI) data for November, which will be published at 05:00 GMT (10:30 IST). Investors will pay close attention to India’s private sector PMI figures to get cues about the impact of Goods and Services Tax […]

The USD/INR pair extends its sideways consolidative price move through the Asian session on Monday and remains confined in a familiar range held over the past two weeks or so. Spot prices currently trade around the 88.75 region, down less than 0.10% for the day and well within striking distance of the all-time high, touched […]

The Indian rupee hovered around 88.6 per USD, trading in a tight range near all-time lows, after subdued inflation fueled expectations of a December rate cut. India’s retail inflation slumped to 0.25% in October, the lowest on record and well below the RBI’s 2%-6% tolerance band for a second consecutive month. This gives the central […]

The Indian rupee was little changed around 88.7 per USD, trading in a sideways range, as upbeat comments from US President Trump on a potential India-US trade deal offered limited support. Trump said the US is close to a deal that would deepen economic and security ties and eventually lower tariffs on Indian goods. However, […]

The Indian Rupee (INR) trades flat against the US Dollar (USD) at open on Monday. The USD/INR pair consolidates around 88.80 as the US Dollar (USD) trades calmly on hopes that the United States (US) government shutdown will end soon. At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major […]

The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee. The RBI likely intervened to […]

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) near its over two-week high around 88.95 at the start of the new month on Monday.  The USD/INR pair aims to extend its six-day winning streak as the Indian Rupee (INR) continues to underperform due to Foreign Institutional Investors (FIIs) selling in the […]