127 stories found
The Indian rupee has been one of the worst-performing currencies this year, eroding over 2.3 percent of its value since April, raising questions about the Reserve Bank of India's intervention strategy compared to past crises.
The Indian Rupee concluded trading with minimal change, influenced by two-way foreign portfolio flows and merchant hedging activities.
The Indian Rupee experienced its best day in nearly two months, driven by intervention from the central bank and a decline in global oil prices.
The Indian Rupee has slipped against the US dollar as hopes for Middle East peace dim, impacting global markets. Meanwhile, the foreign ministers of India and Japan confirmed cooperation on stable energy supply in light of the Middle East situation.
The Governor of the Reserve Bank of India (RBI) has indicated to Mint that the Indian Rupee may currently be undervalued.
The Reserve Bank of India has escalated its dollar sales to $53 billion in fiscal year 2026 as part of its efforts to defend the value of the Indian rupee.
The Indian rupee is currently experiencing distinct problems that differ from previous currency issues, necessitating a fresh approach to find effective solutions.
The Indian Rupee gained 61 paise to trade at 96.25 against the US dollar, rebounding from a record low, a recovery attributed to easing oil prices despite the currency's recent nine-session losing streak.
US Secretary Rubio's visit to India is deemed critical for addressing the energy shock stemming from the Iran war and the depreciation of the Indian rupee, indicating high-stakes diplomatic discussions.
The Indian rupee has fallen to a new record low against the US dollar, prompting intervention from the Indian central bank. The decline is attributed to factors such as oil prices and US Treasury yield strain.
The Indian rupee has crashed to a fresh record low, driven by fears surrounding the Strait of Hormuz, impacting remittance decisions for expatriates.
As the Indian rupee approaches the 100-to-dollar mark, policymakers are drawing on lessons from three years ago to address the currency's depreciation.
The Indian Rupee has reached a new all-time low against the US dollar, trading at 95.74, influenced by rising crude oil prices and Middle East tensions.
Key Indian stock market indices experienced a 2% decline, driven by an IT sector rout, while the Indian rupee depreciated to a new record low against the dollar.
The Indian rupee is experiencing significant pressure and weakening against the US dollar, primarily driven by soaring crude oil prices due to Middle East geopolitical tensions and persistent foreign fund outflows.
The Indian rupee has fallen significantly, nearing Dh26, with the depreciation linked to ongoing geopolitical tensions in the Gulf region.
The Indian Rupee has fallen past the 95-mark against the dollar, driven by fresh global war concerns and a significant spike in international oil prices.
The Indian Rupee has fallen to a record low against the dollar, prompting the Indian central bank to take a defensive stance. This depreciation puts pressure on the country's financial stability.
A long-term strategic bet on the Indian rupee resulted in savings of Rs 14,000 crore in foreign exchange for India during February.
The Indian Rupee is reportedly facing significant pressure due to stubbornly high global oil prices, impacting the country's economy.
The Indian Rupee has fallen to a decade-low against global peers, primarily driven by soaring oil prices and significant withdrawals by foreign portfolio investors, making exports cheaper but imports costlier.
Residents of Mumbai have collectively lost more than 1,000 crore Indian Rupees to cyber fraud, with only a small fraction of the stolen funds reportedly recovered.
An opinion piece from the Indian Express discusses the fundamental issues affecting the Indian Rupee and suggests that the Reserve Bank of India's actions may not be sufficient to prevent its decline.
An opinion piece discusses the Indian Rupee, asserting its significance beyond just a measure of price, also serving as an indicator of credibility.
The Indian rupee has risen for a second consecutive week, driven by arbitrage position unwinding and improved market sentiment following a reported US-Iran truce.
A trading ban has significantly disrupted the largest Indian bank's $5 billion short position in the Indian Rupee against the US Dollar, causing market upheaval.
The Indian Rupee has extended its rally, experiencing its biggest surge in 12 years, following recent moves by the Reserve Bank of India (RBI).
The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank of India (RBI) capped banks' net open positions, reinforcing its efforts to stabilize the currency.
An article from the Indian Express discusses the fall of the Indian Rupee, advocating for economic reforms rather than solely focusing on exchange rate manipulation.
The Indian rupee has depreciated past 95 against the US dollar, marking its worst fiscal year drop in over a decade.
The Indian Rupee has surged following the Reserve Bank of India's cap on limits, which has prompted significant dollar sales.
The Indian Rupee has fallen to a record low, surpassing 94 per US dollar, and is projected to experience its worst fiscal performance in over a decade.
The Indian Rupee has closed at an all-time low of 94.05 against the US dollar, marking a significant depreciation in the interbank foreign exchange market.
The Indian Rupee has seen a temporary reprieve, though traders remain cautious due to conflicting signals surrounding the Iran war.
The Indian rupee has hit a record low, extending its rough patch alongside Indian bonds, as Middle East tensions trigger fears of an energy shock and raise concerns over India's economic outlook.
A flying squad has seized ₹35 lakh (3.5 million Indian Rupees) in unaccounted cash, indicating a potential violation of election or financial regulations.
The Indian Rupee has fallen to a record low against the dollar, driven by mounting oil price risks and increased offshore dollar bidding activity.
The costs associated with hedging the Indian Rupee are increasing as importers anticipate further financial challenges.
The Indian Rupee rebounded from an all-time low, gaining 7 paise to 92.14 against the U.S. dollar, supported by a weaker greenback and a strong opening in domestic equity markets.
The biggest trigger for the rupee’s fall has been the surge in crude oil prices. Brent crude climbed above $82 per barrel after jumping 12% in just two days.
Oil Surge on Iran Conflict Threatens Fresh Blow to Indian Rupee, Stocks Bloomberg
The Indian Rupee has depreciated due to a slump in the stock market and non-deliverable forward (NDF) maturities, though intervention by the RBI has tempered the decline.
Indian Rupee Needs Stronger Foreign Inflows to Sustain Rebound Bloomberg.com
Discussions are ongoing regarding whether the 'undervalued' Indian rupee requires a Reserve Bank of India rate hike or a significant deposit mobilization drive to address its status.
An Indian student studying abroad describes the ongoing financial challenges, including skipped meals and working waiter jobs, due to the continuous depreciation of the Indian Rupee against the British Pound.
The Indian Rupee rose 10 paise to 95.60 against the US dollar, while the Nifty opened around 23,900 in early trade.
Markets rallied and the Indian rupee rose, while the dollar eased, as experts pinned hopes on a potential US-Iran deal to reverse foreign outflows and drive sentiment.
The Indian rupee is approaching the 100-per-dollar mark, raising questions about its implications for Non-Resident Indians (NRIs) in the UAE.
Following a significant plunge, the Indian Rupee's performance against the US Dollar has led India to consider strategies similar to those used during the 2013 taper tantrum.
The Indian rupee has depreciated by nearly 6% against the US dollar amid Middle East tensions, leading the Reserve Bank of India to explore measures such as interest rate hikes and attracting dollar inflows to stabilize the currency.
The Indian Rupee has jumped to 96.30 against the US dollar, while share markets in India opened marginally higher.
Global funds are positioning themselves for further weakness of the Indian Rupee against the US Dollar, with the 100 mark in sight.
The Indian rupee has reached a record low against major currencies, although analysts note that remittances from the Gulf region continue to show resilience.
The Indian Rupee depreciated to a new record low of approximately 96.4 against the US dollar, marking its seventh consecutive day of decline. This significant drop has been attributed to factors such as rising oil prices and broader market concerns.
India has tightened its import rules for silver, restricting most imports of the white metal. This measure aims to reduce the country's import bill and provide support for the Indian rupee.
An analysis for UPSC preparation highlights the depreciation of the Indian Rupee as a key economic topic.
The Indian Rupee has fallen to a record low of 95.63 against the US dollar, primarily due to rising tensions in the Middle East and soaring oil prices. India's Chief Economic Advisor has emphasized that preventing a further fall is a key imperative.
The Indian Rupee depreciated by 36 paise, trading at 94.58 against the US dollar in early trade.
The Indian Rupee reached a new record low against the US dollar, trading at 95.40, primarily attributed to intensified economic worries stemming from fresh US-Iran tensions.
Key topics for the UPSC exam include the internationalization of the Indian Rupee, the Panchayat Advancement Index, and the E-PRAAPTI initiative, covering significant economic and governance developments.
The Indian Rupee has depreciated to a new all-time low against the US Dollar, nearing Rs26 against the UAE dirham and reaching 95.20 against the dollar. This significant slide has put the Reserve Bank of India on the defensive amidst global economic pressures.
India's MeitY has issued a warning to VPNs and intermediaries regarding access to banned betting sites, noting that users are converting Indian rupees into virtual digital assets to participate.
The Indian Rupee has dropped to its lowest level in nearly a month, primarily due to pressure from rising oil prices and importer hedging activities. This decline reflects global economic strains.
The Indian rupee's valuation has fallen to its lowest point in over a decade, attributed to the impact of the Iran war and significant portfolio outflows.
The Indian Rupee has experienced a decline as traders evaluate the impact of the Reserve Bank of India's recent easing measures in the foreign exchange market.
The Indian rupee reached a one-week high following strategic moves by the Reserve Bank of India to reduce dollar demand from state-run oil refiners. The central bank encouraged refiners to use a special credit line to stabilize the currency.
Onyx forecasts oil prices could surge to $150 if the US proceeds with a blockade of Iran ports, a move that has already caused the Indian Rupee to fall significantly and prompted Japanese equity analysts to slash their forecasts due to high oil prices.
The Indian Rupee has weakened and foreign exchange reserves have declined as the Reserve Bank of India struggles to stabilize the currency amid depreciation pressure from the Iran conflict, which has also led to a decline in local stocks and bonds.
Increasing costs associated with hedging the Indian Rupee are potentially making India a less attractive investment destination for global funds.
The Indian Rupee concluded trading with little change, influenced by position unwinding and importer hedging activities.
The Indian Rupee has seen a jump, with the onshore-NDF spread reflecting the central bank's influence on hedging costs.
The Indian rupee has breached the 95 mark against the US dollar, remaining under pressure due to persistent foreign investor outflows and the strengthening dollar, exacerbated by the West Asia conflict.
A government minister has indicated that the weak Indian Rupee is likely to have a mixed impact on the national economy, suggesting both positive and negative consequences.
The Indian rupee has rallied sharply, with the Reserve Bank of India's foreign exchange curbs putting traders in a bind.
The Orissa High Court has ordered a government official to pay a fine of Rs 1 lakh (100,000 Indian Rupees) due to a 'criminal' delay in processing a pay revision plea.
The Indian Rupee continues its downward trend, falling to 93.96 against the US dollar due to foreign fund outflows and rising crude oil prices, with NDF maturities and further outflows expected to keep it under pressure despite some oil relief.
The Indian rupee is at risk of depreciating towards 27 per dirham if global oil prices reach $120, according to a report.
The Indian rupee and bonds are expected to extend their rough patch as the Mideast war enters its fourth week, continuing to put stress on the rupee and prompting examination of India's forex strategy amid global uncertainties.
Goldman Sachs predicts that the Indian Rupee will slide to 95 against the dollar, a development expected to put significant pressure on the Reserve Bank of India.
The Indian Rupee hit an intra-day low of 92.37 against the US dollar, declining 12 paise amid rising global crude prices and weak domestic market sentiment. Factors like elevated oil prices, sustained foreign investor selling, a stronger dollar, and subdued equities contributed to the currency's slide.
Security staff at Da Nang International Airport successfully returned a backpack containing US$5,000 in cash, Indian rupees, a mobile phone, and personal documents to an Indian tourist who left it behind while checking in for a domestic flight.
The Indian rupee rebounded on Thursday, recovering 51 paise to trade at 91.54 against the US dollar after hitting a record low. This recovery follows a significant slump driven by surging crude oil prices linked to the Iran crisis. Traders anticipate continued sensitivity to oil market movements and potential Reserve Bank of India intervention.
The Indian rupee tumbled past 92 per dollar for the first time on Wednesday, with the central bank likely curbing further losses in Asia's worst-performing currency amid an es...
A woman from Shirva, India, reportedly lost ₹13 lakh (approximately 1.3 million Indian Rupees) in a courier fraud scheme.
Citi suggests that India may purchase U.S. dollars for its reserves if the Indian Rupee continues to strengthen.
Cryptocurrency exchange Coinbase has launched Indian Rupee (INR) deposits and withdrawals in India, following approval from the Financial Intelligence Unit (FIU).
US-based cryptocurrency exchange Coinbase has begun offering trading services using the Indian rupee. This move expands Coinbase's presence in the Indian market.
An analysis explores whether a weakening Indian rupee is always indicative of economic failure, delving into the various factors and implications of currency fluctuations.
The Indian Rupee climbed against the US dollar, rising 25 paise to 95.35, attributed to relief in oil prices and comments from the central bank regarding valuation.
The Indian rupee is nearing a significant milestone of 100 against the US dollar, sparking widespread interest and debate on its exchange rate.
The Indian rupee is experiencing rapid depreciation, posing a significant risk to India's external sector resilience. Concerns about a potential US-Iran war are contributing to fears that the rupee could soon hit 100 against the US dollar.
India's government announced it is considering various measures to address and counter the ongoing depreciation of the Indian rupee.
The Indian Rupee reached 100 against the US dollar in 1-year forward trade, closing at 96.8 in spot trade.
The Indian Rupee has reached a record low against the US dollar, with financial markets on Wall Street closely watching for it to potentially hit the 100 mark. This depreciation reflects ongoing economic pressures.
The Indian Rupee depreciated to an all-time low, driven by mounting external finance pressures and the impact of rising US yields on global markets.
The Indian Rupee slipped by 18 paise against the US dollar, trading at 96.38, while the stock markets opened slightly higher.
The Indian rupee has fallen to a new all-time low of 96.1350 per US dollar, surpassing its previous record, primarily due to the ongoing surge in oil prices.
The Indian rupee has reached a new all-time low against the US dollar, primarily pressured by rising oil prices and external debt, with analysts linking the decline to the US-Iran conflict.
The Indian rupee has slumped by 139 paise against the US dollar, nearing ₹95 per dollar, primarily due to a sharp increase in global oil prices.
The continuous decline in the value of the Indian rupee indicates potential economic challenges for the country in the near future.
An analysis questions if the Indian rupee is returning to the 'fragile five' economic conditions last seen in 2013, raising concerns about its current GDP performance.
India's central bank's foreign exchange forward book has surged to over $100 billion, a development attributed to the Iran war's negative impact on the Indian rupee.
The Indian rupee has fallen to a record low, prompting the central bank to take defensive measures amidst growing concerns over inflation.
The Nifty index remained stable at 24,000, while the Indian rupee depreciated by 24 paise, trading at 94.39 against the US dollar in early market hours.
An article provides advice and strategies on where to invest 10 lakh Indian rupees, targeting specific financial goals.
An analysis discusses the potential future trajectory of the Indian Rupee, examining factors that could influence its value.
Both the Euro and the Indian Rupee experienced declines against the US Dollar. The Euro fell by 0.13% to $1.177, while the Rupee dropped to Rs 93.32 against the dollar.
This week's UPSC Essentials provides practice questions for Mains GS 3, focusing on the significance of sea-based nuclear deterrence and the role of the Indian rupee.
The Indian Rupee has led Asia's gains following the Reserve Bank of India's (RBI) significant clampdown on speculation, implemented to prevent its free fall. However, experts continue to debate whether these sudden and tighter controls, the biggest currency clampdown in a decade, risk backfiring and creating an impression of India stepping back from global financial market integration efforts.
The Indian Rupee has weakened, and local stocks and bonds have declined, as a fragile truce in the Middle East creates uncertainty in financial markets.
The Indian Rupee strengthened by 33 paise against the US dollar, reaching 92.85, after the Reserve Bank of India intervened to curb speculative positions. The central bank capped banks' net open positions to stabilize the currency.
The Indian rupee has reached a fresh record low against the dollar.
The Indian Rupee is expected to experience further chaos as banks unwind $30 billion in arbitrage trades, impacting the currency market.
The Punjab and Haryana High Court has awarded a ₹60 lakh (6 million Indian Rupees) payout to a man who resumed his job after being involved in a crash in 2016.
The Indian rupee saw a significant rebound, gaining 128 paise to 93.57 against the US dollar following RBI's directive to limit banks' currency exposure.
India's central bank, the RBI, has stepped in as the Indian Rupee reached a fresh low, a development attributed to the ongoing war in Iran.
An explainer delves into the reasons contributing to the recent sharp depreciation of the Indian rupee.
The Indian Rupee has weakened, pressured by a combination of factors including rising oil prices and capital outflows.
The Indian rupee breached 94 against the dollar for the first time, reaching an all-time low due to Middle East tensions, foreign fund outflows, and rising crude oil prices.
Forex traders said the Indian rupee is under tremendous pressure as surging crude oil prices and a shift toward risk-aversion dented investor sentiments
A jeweller based in Chandigarh has been accused of conspiring to divert 250 crore Indian rupees of government money, according to an investigation.
Calicut University in India is set to receive ₹2 crore (20 million Indian Rupees) for the establishment of an Artificial Intelligence Centre of Excellence.
The Indian Rupee rebounded from an all-time low to 91.85 against the U.S. dollar, supported by strong gains in domestic equity markets and a weaker greenback, according to forex traders.
Middle East Conflict Sinks Indian Rupee to Record Low Bloomberg.com
The Indian Rupee has fallen below 92 against the US dollar, leading to discussions on its impact on inflation and the broader economy, though it presents a silver lining for the IT sector.
The Indian rupee recorded its first monthly gain in ten months, with traders now closely watching for a seasonality test.
The Indian Rupee gained 7 paise to close at 90.87 against the U.S. dollar, with foreign fund outflows and geopolitical concerns capping further gains for the local currency.