Tag Archives: Rupee

Rupee to decline alongside Asian currency weakness and central bank decisions

Indian rupee likely to maintain a depreciation bias as Asian currencies slip and focus shifts to central bank policy decisions.

Rupee likely to stay near record lows due to high dollar demand

The Indian rupee faces renewed pressure this week, with traders expecting it to stay near its record low against the U.S. dollar. The rupee closed last week at 83.7275, its weakest level ever, and non-deliverable forwards suggest it will open around 83.71-83.72 per dollar on Monday.

Rupee avoids record low on RBI intervention but expected to weaken

The Indian rupee stayed nearly flat on Wednesday, hovering at 83.69 against the U.S. dollar by 11:00 a.m. IST, barely changed from its previous close at 83.6875. This steadiness came despite the currency nearing a record low of 83.7150 on Tuesday. 

Rupee edges higher with Asian peers; India awaits budget

The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.

Rupee will rely on Powell’s testimony to end deadlock

Key points The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await Federal Reserve Chair Jerome Powell’s testimony before Congress. The rupee’s movement has been constrained within a broad range of 83.35-83.60 against the U.S. dollar for over a month, reflecting a period of consolidation amid global economic uncertainties. OpeningContinue Reading

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