RUPEE RATE
Iran-Israel Conflict: A Middle East flashpoint that Indian economy can’t ignore
Israel-Iran Conflict: India's economy faces challenges in 2025. The Israel-Iran war has pushed global crude oil prices higher. This threatens the rupee and could raise inflation. India, a major crude oil importer, is highly vulnerable to rising oil prices -- it could widen the current account deficit. The Reserve Bank of India may postpone rate cuts. The government might consider cutting excise duties on fuel.
India's forex reserves rise to $696.66 billion, up $5.17 billion as of June 6
India's foreign exchange reserves saw a boost, climbing by $5.17 billion to reach $696.66 billion for the week ending June 6, according to RBI data released on Friday. This increase follows a previous dip of $1.2 billion, bringing the reserves down from near-eight-month highs at $691.5 billion on May 30.
India bond yields hit 5-week high as surging oil prices add to bearishness before auction
Indian government bond yields increased to a five-week high. This rise occurred because of higher oil prices. Investors were also cautious before the weekly debt auction. Oil prices jumped after Israel struck Iran. New Delhi will sell bonds worth 300 billion rupees. Overnight index swap rates also saw paying pressure. The one-year OIS rate hit 5.59%.
Rupee ends a tad lower, hurt by corporate dollar bids, outflows
The Indian rupee weakened slightly to 85.60 against the dollar due to corporate demand and potential portfolio outflows, despite a broadly weaker dollar boosting Asian currencies. The rupee underperformed regional peers, weighed down by India's external investment deficit. Equity indexes fell amid U.S.-China trade deal uncertainty and Middle East tensions. Dollar-rupee forward premiums rose as bets on a U.S.
India bond yields dip on value buying, fall in US peers
Indian government bond yields experienced a decrease due to value buying and a decline in U.S. bond yields, as traders anticipate a bond buyback and the release of domestic inflation data. The Reserve Bank of India's shift to a neutral stance disappointed investors, signaling limited potential for further rate cuts.
Rupee rises 7 paise to 85.46 against US dollar in early trade
The rupee strengthened to 85.46 against the US dollar, buoyed by a weaker dollar, lower crude oil prices, and positive domestic equity market sentiment. Gains were limited by foreign institutional investor outflows. Traders are awaiting CPI data, which could influence the rupee's trading range, while monitoring importer and exporter hedging strategies.
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IT stocks drag Sensex 100 pts lower, Nifty below 25,100
Indian markets traded cautiously amid global uncertainty surrounding the U.S.-China trade situation. While some sectors like pharma and financials saw gains, IT stocks faced pressure due to trade truce concerns. Experts suggest the market may remain range-bound due to a lack of positive triggers and escalating geopolitical tensions, including rising crude oil prices and potential tariff actions.
Paytm shares crash 10% as Finance Ministry dismisses MDR speculation
Paytm share price plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge merchants. This clarification countered reports suggesting MDR imposition on large UPI transactions. The Payments Council of India had previously requested MDR reintroduction. UPI continues its dominance, processing 18.68 billion transactions in May, totaling ₹25.
Growth boost or caution flag? RBI sends conflicting signals with surprise moves
Reserve Bank of India is giving mixed signals on monetary policy. Governor Sanjay Malhotra is trying to boost economic growth. Recent rate cuts have not spurred borrowing. Banks are parking excess funds with the RBI. Liquidity steps appear contradictory to some analysts. Loan growth has dipped. The new monetary policy committee is using the policy stance as forward guidance.
GIFT Nifty down 30 points; here's the trading setup for today's session
Indian stock markets closed slightly up on Wednesday. Positive news regarding US-China trade and the India-EU FTA may influence market sentiment. Analysts suggest buying on dips, with support at 24,850. India VIX decreased, indicating reduced market fear. FIIs net sold shares, while DIIs were net buyers. The Rupee strengthened against the US dollar.
Pakistan's plan to sharply increase growth faces headwinds, analysts say
Pakistan has unveiled a $62.2 billion budget, aiming for 4.2% GDP growth, despite skepticism from analysts who cite ambitious revenue targets. Defence spending increased by 20% following clashes with India. The budget, under an IMF program, targets a reduced fiscal deficit of 3.9% of GDP through new taxes and privatization.
RBI said to use cash reserve ratio as active liquidity tool
India's central bank is considering more frequent use of the cash reserve ratio (CRR) to manage liquidity and accelerate monetary policy transmission. This shift marks a departure from using CRR only during extreme cash fluctuations. Recently, the RBI unexpectedly reduced the CRR by 100 basis points to 3%, injecting 2.5 trillion rupees into the banking system.
Indian bond yields fall after three-session selloff
Indian government bond yields experienced a decline in early trading on Wednesday, reversing a three-session selloff. This was primarily driven by increased purchasing activity from state-run banks.
Rupee rises 6 paise to 85.51 against US dollar in early trade
The Indian Rupee appreciated against the US Dollar due to Foreign Institutional Investor inflows and lower crude oil prices. Forex traders predicted a trading range for the rupee. The BSE Sensex and Nifty indices saw gains. US court ruling impacted trade tariff hopes. Brent crude prices experienced a slight decrease. FIIs were net buyers of equities.
Subdued Asian FX, 'matching' flows anchor rupee in quiet trading day
The Indian rupee remained stable on Tuesday, mirroring the quiet movement of Asian currencies, closing at 85.6025 against the U.S. dollar. Investors are cautiously awaiting the outcome of U.S.-China trade talks, influencing market sentiment. While some Asian currencies have gained from the dollar's weakness, India's external investment deficit poses a challenge for the rupee.
India's 5-15 year bond yields attractive once selloff settles, Invesco MF's executive says
Five- to 15-year Indian government bonds will look attractive once the current selloff eases, as a steepening yield curve follows a central bank policy move that disappointed investors, an Invesco Mutual Fund executive said.
GIFT Nifty up 70 points; here's the trading setup for today's session
Markets ended higher, buoyed by domestic cues, while participants await macroeconomic data and monsoon progress. A breakout above 25,200 could trigger an uptrend, with support around 24,400-24,600. FIIs and DIIs were net buyers, and the rupee appreciated after the Reserve Bank cut the repo rate. FII position in futures market increased.
US markets, FII action among 7 factors that can steer D-Street this week
Nifty formed a bullish engulfing pattern, signaling strength as it eyes a breakout above 25,100. RBI’s surprise rate cut lifted equities and the rupee, while FIIs turned net sellers for June. Key corporate actions, SME IPOs, and crude oil trends will guide market sentiment this week. Tata and Adani Group stocks are in focus for dividend-related movements.
Sensex ends 747 points higher, Nifty tops 25,000 after RBI's jumbo 50 bps rate cut
Stock Market Today: Indian stock markets rebounded following the Reserve Bank of India's decision to lower the repo rate. Banking and auto sectors saw significant gains. Sensex and Nifty both experienced positive movement. Asian markets also showed positive trends, influenced by developments in US-China trade talks. Foreign Institutional Investors continued selling, while Domestic Institutional Investors remained buyers.
Rupee ends higher as rate-cut boost for equities blunts dollar strength
The Indian rupee strengthened modestly on Friday as the Reserve Bank of India's steepest rate cut in five years boosted local equities, helping the South Asian currency eke out a gain even as the dollar firmed against major peers.
Rupee rises 13 paise to 85.66 against US dollar as RBI cuts policy rate by 50 bps
The rupee pared initial losses and appreciated 13 paise in morning trade on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth.
Indian dealers offer steeper discounts as price rally dulls demand
Gold discounts in India have surged to a one-month high due to near-record domestic prices dampening demand. Dealers are offering discounts up to $56 an ounce. High prices and the monsoon season have led jewelers to avoid building inventory. Meanwhile, China sees lower trading volumes due to elevated prices, while other Asian hubs experience varied premiums and profit-taking.
India's forex reserves dip to $691.5 bn as of May 30
India’s foreign exchange reserves stood at $691.5 billion as of May 30, down $1.2 billion from the previous week and $13.4 billion below the September 2024 peak. RBI Governor Sanjay Malhotra said the reserves can cover over 11 months of imports
Private banks more quicker in passing on rate revisions
Private sector banks charge higher spreads on loans compared to public sector banks, ranging from 40 to 200 basis points more, according to recent RBI data. Despite this, private banks demonstrated more effective transmission of policy rates during a period of tight liquidity. The RBI is considering new guidelines to improve policy rate transmission, potentially announced Friday.
Rupee ends higher aided by mild inflows; RBI policy decision in focus
The Indian rupee closed modestly stronger on Thursday, lifted by mild dollar inflows as well as positive cues from gains in most Asian peers, while traders awaited the Reserve Bank of India's monetary policy decision on Friday.
Rupee slips on equity outflows, offshore positioning ahead of RBI policy
The Indian rupee briefly weakened to 86.02/$1 on Wednesday before recovering to close at 85.90, pressured by equity outflows and offshore NDF unwinding ahead of the RBI’s policy review. Dollar demand from foreign banks and oil firms added to the pressure. Despite RBI's likely intervention, the rupee has fallen 1.5% since last Monday, making it Asia’s worst-performing currency.
Rupee weakens to 86.02 amid equity outflows and Central Bank review
The Indian rupee weakened to 86.02 against the dollar on Wednesday, eventually settling at 85.90, influenced by equity outflows and NDF position adjustments before the RBI's policy review. Dollar demand from foreign banks and oil firms further pressured the rupee, which has declined 1.5% since last Monday. Shrinking interest rate differentials and tariff uncertainties also contributed to the rupee's depreciation.
Rupee falls 25 paise to 85.86 against US dollar in early trade
The rupee weakened to 85.86 against the US dollar due to foreign fund outflows, despite positive domestic equities and lower crude oil prices. The decline was limited by a weak dollar index. The RBI's MPC began deliberations, anticipating a repo rate cut. FIIs were net sellers in the equity market.
India bonds steady, yields seen edging lower ahead of RBI decision
Indian government bond prices remained relatively stable as traders anticipate the Reserve Bank of India's upcoming policy decision. Expectations are high for a 25 basis point rate cut, although some suggest a more aggressive 50 bps reduction to stimulate credit growth. Despite foreign investors selling bonds, optimism remains for future inflows once tariff uncertainties subside.
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