Forex reserves rise $7.3 billion as FCNR & ECB flows pick up
The country’s stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreign currency assets increased $4.5 billion to $545.5 billion, while gold reserves increased $2.6 billion to $105.2 billion during the week.
Rupee slips on week as Iran flare-up spurs caution, merchant hedging
The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix’s entry in the US. The Japanese yen gained momentum due to pension funds’ activities, and heightened hedging by importers swayed the rupee’s demand among merchants.
Rupee little changed as traders tread gingerly with eye on oil, dollar
The Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw gains as Fed rate hike expectations eased. Renewed Middle East tensions kept traders cautious about directional positions in the currency. Analysts remain constructive on the rupee, citing Reserve Bank of India measures. India will report inflation data next week, with rate hikes anticipated.
Fragile yen set for weekly decline as intervention risks mount
The yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a shadow over energy prices and global inflation outlooks. The dollar saw slight easing but remained largely unchanged for the week. Other currencies like the British pound and euro showed strength against the yen. The Reserve Bank of New Zealand hiked rates, signaling further tightening ahead.
Rupee edges up as oil prices dip
The Indian rupee saw a modest appreciation on Thursday. This gain was driven by dollar sales from state-run banks. Easing crude oil prices also contributed to the rupee’s strength. The currency closed at 95.39, strengthening by sixteen paise. Traders noted potential RBI intervention in currency markets.
RBI intervention, oil price dip help rupee edge modestly higher
The Indian rupee closed stronger on Thursday, supported by central bank intervention. Lower oil prices also helped soothe Indian equities and bonds during trading. Asian currencies were mostly firmer, while the dollar index hovered near the 101 mark. Volatility expectations for the rupee increased slightly after recent Middle East fighting. Policymakers’ steps to shore up dollar flows tempered depreciation wagers.
Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets
The U.S. dollar held firm against major currencies on Thursday. Renewed Gulf tensions revived safe-haven bids, boosting the dollar’s strength. Surging oil prices also fueled rate hike bets, keeping the yen under pressure. The Japanese yen struggled near a 40-year trough against the dollar. U.S. Treasury yields rose as markets priced in higher rate hike risks.
Rupee slumps to one-month low as oil soars after Trump says Iran deal is ‘over’
The Indian rupee fell to its weakest level in nearly a month on Wednesday. This decline occurred after U.S. President Donald Trump stated the interim accord with Iran was over. Oil prices jumped significantly, renewing fears of Middle East supply disruptions. Indian stocks also dropped sharply, their steepest fall in over three months. Elevated oil prices are expected to pressure the rupee and slow economic growth.
Rupee slips as oil prices jump, modest portfolio inflows cushion fall
The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio inflows helped cushion the rupee’s downward pressure. Elevated oil prices pose a risk to India’s economic growth and inflation. Investors also await U.S. Federal Reserve policy meeting minutes later today.
How to strengthen Indian rupee without a rate hike
The Indian Rupee has depreciated significantly against the US Dollar since early 2025. Measures were introduced to boost capital inflows and support the currency. The Reserve Bank of India has intervened heavily in foreign exchange markets. A proposed foreign exchange cash reserve ratio could resolve currency leads and lags. This initiative aims to stabilize the Rupee without altering policy interest rates.
Dollar at week-high after US resumes attacks on Iran
The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran’s actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified for investors. Other currencies like the euro and pound experienced slight declines against the dollar.
Rupee rallies 50 paise as cheaper crude lifts sentiment
The Indian rupee saw its best day in nearly a month, gaining against the dollar. This rise followed reports of Saudi Arabia reducing crude oil prices for Asian buyers. Geopolitical tensions eased, and shipments fully resumed through the Hormuz Strait. Foreign portfolio investor inflows into Indian equities also helped stabilize the currency. The rupee reversed losses from the past three days, ending stronger.
RBI to conduct Rs 25,000-cr overnight variable rate repo auction on Jul 8
The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims to address current liquidity dynamics, and the funds will revert on July 9. Following less engagement in a prior auction due to excessive liquidity, this move seeks to adjust the monetary balance.
Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shorts
On Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity within the non-deliverable forward market. This prompted traders to adjust their positions, marking a reversal of the prior trend in forward market premiums. Additionally, other Asian currencies showed resilience against the dollar as investors forecast a reduction in U.S. interest rate hikes for the remainder of the year.
Rupee rises 15 paise to 95.28 against US dollar in early trade
The Indian rupee gained fifteen paise against the US dollar in early trade. Saudi Arabia’s significant slash in August crude oil prices for Asia improved market sentiment. Lower Middle East risk premiums and improved supply conditions contributed to the rupee’s appreciation. Meanwhile, domestic equity markets saw an upward trend with the Sensex advancing. Foreign institutional investors purchased equities worth Rs 243.03 crore on Monday.
Yen pinned near 40-year low in test of Tokyo’s intervention resolve
The yen weakened further on Tuesday as traders pushed the currency lower. Japanese authorities have not yet intervened to support the yen’s value. Meanwhile, U.S. dollar faced pressure as rate hike expectations diminished. Investors are now pricing in fewer Federal Reserve rate increases this year. Focus shifts to the Federal Open Market Committee meeting minutes for future guidance.
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