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The rupee gained 33 paise to close at 94.93 against the US dollar on Friday, supported by market gains and a weaker dollar. Softer crude prices and RBI intervention supported the currency, while traders flagged geopolitical tensions and oil price risks
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The rupee rose 3 paise to close provisionally at 95.25 against the US dollar, supported by gains in domestic equities and softer crude oil prices. Traders remained cautious amid a strong dollar and expectations of a possible December Fed rate hike
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The rupee fell 21 paise to close provisionally at 95.28 against the US dollar on Wednesday, pressured by a stronger greenback and rising crude oil prices. Elevated US Treasury yields and foreign investment flows remained key factors influencing currency movements
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The rupee fell 29 paise to close provisionally at 95.22 against the US dollar on Monday, marking its third consecutive session of losses. Elevated crude prices and geopolitical tensions weighed on sentiment, while gains in domestic equities cushioned the decline
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The rupee gained 48 paise to close at a six-week high of 94.43 against the US dollar, supported by Jio Platforms IPO-related inflows and RBI intervention. However, rising crude prices and weak domestic equities continued to weigh on sentiment
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The Indian rupee strengthened 32 paise to 94.85 against the US dollar in early trade, supported by RBI forex measures, a weaker dollar and lower crude prices. Rising domestic equities and improved global sentiment also supported the currency
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The Reserve Bank of India has barred rebooking of cancelled rupee derivative contracts and cut the threshold for foreign exchange positions without underlying exposure to $5 million. It also introduced a 20 per cent reserve requirement for specified contracts
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It is clear that the RBI is using strong growth as a window to act before inflation gets entrenched
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India’s government bond yield curve is expected to flatten further as the RBI withdraws surplus liquidity from the banking system. Analysts expect the five- to 10-year yield gap to narrow, with shorter-term yields facing upward pressure amid tighter liquidity conditions
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RBI Governor Sanjay Malhotra said India is well placed to withstand global financial risks linked to AI valuations, debt and cybersecurity. He said a correction in AI valuations in advanced economies could potentially divert capital flows towards Indian markets.
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The RBI may raise the policy repo rate by 50-75 basis points amid macroeconomic headwinds and geopolitical uncertainty, a Bandhan Life Insurance report said. It also flagged oil prices, global rates, AI-driven spending shifts and rupee pressure as key market concerns.
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Rising crude oil prices, inflation and higher bond yields globally have narrowed the Reserve Bank of India’s room to hold rates unchanged, BNP Paribas said. India’s macro-outlook has weakened as Brent crude rose above $100 per barrel amid global tightening
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Economists expect the RBI’s inflation mandate and tighter liquidity conditions to increase the likelihood of rate hikes in October and December. Sustained liquidity absorption through VRRRs, OMO sales and FX swaps has reduced excess liquidity, strengthening monetary policy transmission
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The rupee gained 19 paise to close at 95.80 against the US dollar, supported by improved global risk sentiment and possible RBI intervention. Gains were capped by importer demand, high crude prices and a stronger dollar
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The Congress accused the government of setting the stage for levying fees on UPI transactions, questioning a notification that bars charges on transactions up to Rs 2,000. The party also alleged the move could open digital payments to American firms.
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The Reserve Bank of India absorbed over Rs 3.53 lakh crore through an overnight VRRR auction to drain excess banking-system liquidity. The operation comes amid strong FCNR(B) inflows, with the special forex swap facility attracting $73 billion in foreign exchange nflows.
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The RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank’s paid-up share capital or voting rights within one year. The approval is subject to regulatory conditions and does not mean LIC has immediately raised its stake
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The rupee gained 6 paise to settle at 95.39 against the US dollar on Friday, supported by lower global crude prices and RBI intervention. However, a stronger dollar and foreign investor outflows kept the domestic currency under pressure
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Former Indian Ambassador to the UN Syed Akbaruddin has been appointed a part-time, non-official director on the RBI central board for four years. The appointment was notified on August 22, along with Annie George Mathew and Janmejaya Kumar Sinha.
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Yes Bank expects the RBI to maintain a wait-and-watch approach on interest rates despite rising inflation, as supply-side shocks have not triggered broad second-round effects. July WPI inflation eased slightly to 9.8 per cent, while manufacturing input pressures remain elevated