With Brent crude touching $106 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said.
With Brent crude touching $106 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said.
Forex traders noted that while record foreign exchange reserves, active RBI intervention, and strong domestic growth offer support, rising global yields and crude prices above $108 are significantly impacting country’s import bill
Indian rupee opened lower on escalating geopolitical tensions and a surge in crude oil prices. Brent has neared the $100 mark as U.S. and Iran attack each other, said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.
Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external pressures
Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to $95 per barrel
On the domestic equities market front, Sensex declined 226.60 points to 77,028.56, while the Nifty fell 120.40 points to 24,053.55
Forex traders said the RBI's continued intervention through state-run banks helped prevent a sharper decline
Forex traders said Brent crude near $91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows.
Forex traders said Brent crude near $91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows.
At the interbank foreign exchange, the rupee opened at 95.50, then fell to 95.59, down 17 paise from its previous close.
Forex traders said investor sentiment remains fragile as the standoff between US and Iran does not seem to be coming to an end
Markets are increasingly sceptical about a quick U.S.-Iran agreement, while reports of attacks on shipping have renewed concerns about physical supply, forex traders said
At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and maintained that level till the time of publishing the copy
The FII inflows and a rise in the country’s forex reserves capped a sharper fall in the local unit, forex traders said
On Thursday (August 6, 2026), the rupee depreciated 14 paise to close at 95.22 against the U.S. dollar.
On the domestic equity market front, Sensex climbed 201.43 points to 78,782.43 in opening trade, while Nifty was marginally up by 16.35 points to 24,641.
Forex traders said concerns over the security of oil shipments through the Red Sea and Strait of Hormuz continue to support crude oil prices
At the interbank foreign exchange market, the rupee opened at 96.41 then touched 96.42 registering a fall of 6 paise from its previous close
The Sensex tumbled 593.78 points, or 0.76%, to 77,557.67, while the Nifty declined 169.20 points, or 0.70%, to 24,165.10
On July 13, the rupee depreciated 30 paise to close at 95.68 against the U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.77 against the U.S. dollar, registering a loss of 39 paise from its previous close
On July 3, the Rupee appreciated 17 paise to close at 95.18 against the U.S. dollar
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.31, up 0.21%
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.48, up 0.08%
FII outflows and a weaker start to the morning trade at the domestic equity markets put further pressure on the rupee, while a decline in crude oil prices cushioned against a steeper decline, forex traders said
On June 19, the rupee pared most of its initial gains and settled higher by 7 paise at 94.33 against the U.S. dollar
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 0.14% up at 100.23
According to traders, the Indian rupee is trading with a negative bias and remains under severe pressure due to renewed geopolitical tensions in West Asia
Forex traders said elevated Brent crude prices dented investor sentiments
Forex traders said the U.S. Trade Representative’s action, amid fresh hostilities and stalled talks between the U.S. and Iran, weighed on investor sentiment
At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering a fall of 9 paise from its previous close
On the domestic equity market front, Sensex declined 264.82 points to 76,224.14 in opening trade, while the Nifty dipped 27.6 points to 24,004.10
On the domestic equity market front, Sensex rose 239.14 points to 75,637.86 in early trade, while the Nifty was trading 78.30 points higher at 23,767.90
The rupee depreciated 30 paise to 95.84 against the US dollar in early trade on Tuesday on elevated Brent crude oil prices and heightened Middle East tensions. With Brent crude touching USD 106 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.84 against the US dollar, registering a loss of 30 paise from its previous close. On Friday, the rupee h…
The rupee depreciated 10 paise to 94.66 against the US dollar in early trade on Tuesday, as surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence. Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external pressures. At the interbank foreign exchange market, the rupee opened at 94.49 against the US dollar, then touched 94.66, regist…
The rupee traded in a narrow range and fell 2 paise to 94.97 against the US dollar in early trade on Wednesday, amid renewed US-Iran tensions, higher oil prices and rising Treasury yields. Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to USD 95 per barrel and dollar index is hovering around 99.70 on a bout of risk aversion on renewed US-Iran tensions. Moreover, market participants have raised the probability of a September Fed rate hike, pushin…
The rupee traded in a narrow range and fell 4 paise to 95.74 against the American currency in early trade on Tuesday, as elevated crude prices and importer dollar demand weighed on the currency. Forex traders said the RBI's continued intervention through state-run banks helped prevent a sharper decline, keeping USD/INR in a narrow range despite weakness in Asian equities and renewed geopolitical uncertainty around Iran. At the interbank foreign exchange market, the rupee opened at 95.74, regist…
The rupee depreciated 7 paise to 95.68 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and persistent demand for greenback. Forex traders said Brent crude near USD 91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows. At the interbank foreign exchange, the rupee opened at 95.68, down 7 paise from its previous clos…
The rupee depreciated 17 paise to 95.59 against the US dollar in early trade on Monday, as the overall risk-reward appears tilted towards weakness. Forex traders said investors' sentiment turned cautious after the Reserve Bank of India on August 14 said that its swap facility for FCNR (B) deposits will be available only for deposits mobilised till August 31. Earlier, the cut-off date for Foreign Currency Non-Resident (Bank) or FCNR (B) deposits was September 30. Under the FCNR (B) scheme, banks…
The rupee depreciated 7 paise to 95.40 against the US dollar in early trade on Thursday pressured by elevated crude oil prices and lingering geopolitical risks. Forex traders said investor sentiment remains fragile as the standoff between US and Iran does not seem to be coming to an end with Iran warning of keeping the Strait of Hormuz closed till 2029 while the US President saying that the Hormuz is in US's command. At the interbank foreign exchange market, the rupee opened at 95.40, registeri…
The rupee fell 6 paise to 95.42 against the US dollar in early trade on Wednesday, weighed down by the sharp rise in Brent crude toward USD 90/bbl, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said the principal driver behind the rise in Brent crude prices is the uncertainty over the Strait of Hormuz. Markets are increasingly sceptical about a quick US-Iran agreement, while reports of attacks on shipping have renewed concerns about physical su…
The rupee fell 8 paise to 95.38 against the US dollar in early trade on Tuesday amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight. A decline in domestic equity markets in early trade maintained pressure on the local unit while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said. At the interbank foreign exchange market, the rupee opened at 9…
The rupee depreciated 15 paise to 95.56 against the US dollar in early trade on Wednesday as fresh escalations in the West Asia war lead to a spike in crude oil prices and pressurised the rupee. Forex traders said the USD/INR pair opened on a negative note after US President Donald Trump said Iran was responsible for downing an American military helicopter near the Strait of Hormuz and that the US "must" respond to the attack. At the interbank foreign exchange market the rupee opened at 95.52, …
The rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Wednesday, after the US Trade Representative proposed 12.5 per cent additional duties on India and 53 other countries over forced labour import violations. Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched 95.64…
The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz. At the interbank foreign exchange …
The rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent foreign portfolio withdrawals. Despite having substantial foreign exchange reserves and support from the RBI, the currency remains under pressure. Increasing global yields and expensive oil are further complicating the import bill.
Thursday's early market saw the Indian rupee slip against the US dollar amid heightened crude oil prices and a consistent demand for the dollar. With Brent crude priced over USD 100, concerns about India's import costs are mounting. Persistent high oil prices might add additional strain on the rupee. Meanwhile, domestic equity markets posted minor gains, but foreign investors opted to offload their shares.
The Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with soaring oil prices creating turmoil in currency markets. With rising Treasury yields strengthening the dollar, risk aversion is on the rise. The Reserve Bank of India is closely observing the rupee's fall as domestic equity markets are facing significant drops in morning sessions.
In early trading, the rupee slipped by seven paise, settling at 95.68 against the US dollar. Factors such as soaring crude oil prices and heightened demand for dollars pressured the currency. Forex analysts noted that Brent crude's price hovering around USD 91 per barrel has led to a surge in dollar demand linked to oil.
In early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of India's announcement on its swap facility adjustment. The end of the FCNR (B) deposit facility on August 31 is causing concern among traders, even though prior forex inflows had reached nearly USD 50 billion, suggesting potential short-term support for the rupee.
The rupee experienced a six paise decline against the US dollar during early trade. Concurrently, Brent crude oil prices saw a sharp rise, approaching USD 90 per barrel, as expectations for a rapid US-Iran agreement and a reopened Strait of Hormuz diminished. Forex experts indicated oil supply ambiguity as a significant factor, causing the dollar index to rise slightly and equity markets to fall.
In early trading on Tuesday, the rupee fell by eight paise against the US dollar, closing at 95.30 from the previous day. Ongoing tensions in West Asia have heightened market anxiety, leading to soaring crude oil prices. This uncertainty pressured domestic equity markets as well. Nonetheless, the Reserve Bank of India's actions and inflows from foreign institutional investors offered some stability to the currency.
The rupee has fallen eight paise to 95.25 versus the US dollar as of Monday, influenced by a strengthening dollar and surging global crude oil costs. Despite this, foreign institutional investor inflows and solid forex reserves have provided crucial backing. Exporters might take advantage of price rises, while importers are anticipated to purchase on the dips.
The rupee fell eleven paise to 96.36 against the US dollar on Wednesday. Crude oil prices climbed due to geopolitical tensions and shipping concerns. Investors sought safe-haven assets, increasing demand for the US dollar. Foreign currency inflows are supporting the rupee, while the central bank manages volatility. Domestic equity markets experienced a slight downturn on Wednesday.
The rupee depreciated 21 paise to 94.71 against the US dollar due to the US Federal Reserve's hawkish stance and a strong dollar index. Asian currencies also weakened, impacting the rupee. Meanwhile, positive sentiment emerged from reports of a US-Iran memorandum of understanding and ongoing trade talks between India and the US.
The Indian rupee weakened by 17 paise to 95.35 against the US dollar in early trade on Monday, influenced by a strong dollar and geopolitical uncertainties. Elevated Brent crude prices, following Iran's missile launches towards Israel, further dented investor sentiment and impacted the rupee's performance.
<iframe src="https://hindustansphere.com/embed/cluster/732b504e8bc5a9a05c6ebb691ad56f15916b4bbc" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Rupee falls 30 paise to 95.84 against U.S. dollar in early trade"></iframe>
