Crude oil prices may remain volatile next week as markets monitor developments around the Strait of Hormuz. Experts said the Indian rupee could strengthen further against the US dollar if geopolitical risks remain contained and crude prices stay under pressure
The rupee appreciated 15 paise to settle at 95.35 against the US dollar, supported by RBI intervention and sustained foreign fund inflows. Gains were limited by higher crude oil prices, a stronger dollar and escalating geopolitical tensions in West Asia
The rupee appreciated 14 paise to 96.28 against the US dollar in early trade, supported by gains in domestic equities. However, higher crude oil prices, geopolitical tensions in West Asia and continued FII outflows limited the local currency's advance
The rupee appreciated 5 paise to 96.11 against the US dollar in early trade on Wednesday, supported by a weaker dollar and positive domestic equities. However, higher crude oil prices, foreign fund outflows and tensions in West Asia limited the currency's gains
The rupee appreciated 15 paise to 95.32 against the US dollar in early trade as the dollar weakened and crude oil prices eased. Gains in domestic equities supported the currency despite foreign fund outflows and continuing tensions in West Asia
The rupee appreciated 19 paise against the US dollar in early trade as the dollar index eased from a 15-month high. However, traders said strong importer demand continued to weigh on the currency despite supportive global cues and lower crude oil prices
The rupee depreciated by 5 paise to close at Rs 94.56 against the US dollar, weighed down by a stronger greenback and risk-off sentiment. Stable crude oil prices and expected central bank intervention helped limit losses during the trading session
The rupee closed 9 paise lower at 94.54 against the US dollar on Monday after renewed geopolitical tensions between the US and Iran dampened investor sentiment. Despite supportive crude oil prices and foreign inflows, the domestic currency ended the day weaker
The Indian rupee appreciated for the third consecutive session, closing at 94.53 against the US dollar, supported by easing geopolitical tensions, falling crude oil prices, and softer dollar index. Equity inflows and positive global sentiment further strengthened the currency outlook
The rupee appreciated 20 paise to 89.69 against the US dollar ahead of the RBI’s policy decision, though pressure persists from FII selling, crude prices and trade-deal delays. Markets await possible rate-cut signals as inflation eases and growth strengthens
Forex traders expect the USD/INR pair to stay within a narrow range due to balanced dollar demand from foreign investors and oil companies, matched by supply from the Reserve Bank of India (RBI).
