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08.10.26 - 06:36
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Rupee rises 10 paise against US dollar: What is supporting the currency? (Times of India)
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The rupee opened at 96.71 against the dollar but improved to 96.65 thanks to intervention from the Reserve Bank of India. External factors, like a robust US dollar and climbing crude oil prices, are still putting pressure on the currency. Additionally, India's forex reserves are diminishing, leading to unease about the rupee's consistency....
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08.10.26 - 03:24
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Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra (Times of India)
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RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit....
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06.10.26 - 07:54
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Rupee falls to 96.39 against dollar as oil rises, FII outflows continue (Times of India)
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The rupee faced downward pressure against the US dollar, dropping to 96.39 early in the trading session. This decline stems from rising crude oil prices and ongoing selling by foreign investors. Despite this, domestic equities saw gains, softening the rupee's fall. On Monday, Foreign Institutional Investors sold a net Rs 4,699.14 crore in equities, influencing the currency's performance....
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05.10.26 - 07:42
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Rupee hovers near 96 as oil stays above $100 per barrel, foreign selling persists (Times of India)
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The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust....
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