USD/INR News

 

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India is taking steps to bolster its currency without the need to hike interest rates, giving the central bank room to focus on supporting an economy hit by soaring oil prices....

India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back. According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital - reducing taxes and removing ownership caps on certain bonds - possibly as soon as this week. The cabinet is expected to consider a “significant cut” in the taxes global funds pay on Indian bonds, with officials reportedly weighing whether to eliminate the 20% levy on bond interest income entirely, or shave it down to what the people familiar described as “a bare minimum.” Translation: foreigners weren't biting, and so...

The rupee weakened by 40 paise to 95.76 against the US dollar due to proposed US tariffs, rising crude oil prices, and foreign fund outflows. Escalating geopolitical tensions in West Asia also contributed to the decline, impacting investor sentiment. Market participants now await the Reserve Bank of India's policy decision for further cues....

A falling currency and rising risk of higher inflation could prompt India's central bank to hike interest rates....

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The rupee weakened by 34 paise to 95.19 against the US dollar on Monday, impacted by escalating US-Iran tensions, soaring crude oil prices, and a stronger dollar. Global risk sentiment soured due to West Asia concerns. Analysts anticipate continued negative bias for the rupee, with a trading range of 94.60-95.30....

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The Indian rupee lost nearly 11% of its value against the US dollar y/y between May 2025 and May 2026, a slide that makes it the worst performing currency in the world against the greenback....

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India's largest airline, IndiGo, reported a consolidated net loss of Rs 2,536.9 crore for the March quarter, a significant shift from a profit of Rs 3,067.5 crore a year ago. The airline's performance was impacted by a sharp rupee depreciation and a challenging operating environment, despite a rise in total income....

Indonesia and India intervened on Friday to prop up their currencies, which are being pressured by an energy price spike....

The Reserve Bank of India paid a record dividend to the government after higher interest income and large gains from foreign exchange transactions boosted earnings, the central bank's annual report showed....

The rupee's relentless slide is prompting tougher scrutiny of Indian companies as investors and analysts press executives on their foreign-exchange strategy....