INR=X - USD/INR

CCY - CCY Delayed Price. Currency in INR
73.23
0.00 (0.00%)
As of 9:56PM BST. Market open.
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Previous Close73.23
Open73.555
Bid73.23
Day's Range73.22 - 73.825
52 Week Range63.2100 - 74.9000
Ask73.25
  • Rupee Forecaster ING Gets More Bearish as Currency Rebounds
    Bloomberg2 days ago

    Rupee Forecaster ING Gets More Bearish as Currency Rebounds

    Rising oil prices and political uncertainty ahead of state elections will see Asia’s worst-performing currency resume losses, according to Prakash Sakpal, an economist at ING in Singapore, whose new estimate of 76.50 per dollar is the most bearish in a Bloomberg survey. The rupee is “is highly correlated with oil prices, which are definitely moving higher, and that’s going to make the current-account situation more difficult,” Sakpal said in an interview.

  • Reuters8 days ago

    India may look to raise 200 billion rupees via buybacks in state-run companies: TVs

    NEW DELHI (Reuters) - India may look to raise 200 billion rupees ($2.71 billion) in 2018/19 fiscal year via buyback of shares in state-run companies including Oil and Natural Gas Corp Ltd (ONGC), local ...

  • Quartz8 days ago

    Dear Flipkart and Amazon, sales are measured in rupees—not Burj Khalifas

    Forget revenue and profits, India’s largest e-commerce firms seem to believe the height of Dubai’s Burj Khalifa is a fair metric to measure their performance. At the end of their annual flagship festive season sales, the online retailers, notorious for their window-dressing metrics like gross merchandise value (GMV) and net promoter scores, measured their success…

  • Reuters9 days ago

    EM ASIA FX-Rupee slides, Rupiah optimistic after trade surplus

    (Repeats with no changes to text) * EM Asia weighed by strong dollar sentiment * Rupee slides on strong oil prices * Rupiah checks losses on Sept trade surplus By Sumeet Gaikwad Oct 15 (Reuters) - Most ...

  • India's passenger vehicle sales hurt by higher fuel costs, weaker rupee
    Reuters11 days ago

    India's passenger vehicle sales hurt by higher fuel costs, weaker rupee

    India's domestic passenger vehicle sales fell 5.6 percent in September from a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Friday, with demand hurt by rising fuel prices and interest rates. Rising crude oil prices, higher interest rates and a much weaker rupee that has lifted prices of imported vehicles, are weighing on consumer sentiment.

  • Reuters11 days ago

    Emami Cement files for up to 10 billion rupees IPO

    (Reuters) - India's Emami Cement Ltd has filed for an initial public offering of shares worth up to 10 billion rupees ($135.94 million), it said in a filing on Friday. The offering consists of a fresh ...

  • Reuters12 days ago

    Rupee strengthens tracking overnight fall in global crude prices

    MUMBAI (Reuters) - The rupee opened stronger on Friday helped by a drop in global crude oil prices overnight and a recovery in the domestic share market. The partially convertible rupee was trading at ...

  • Reuters13 days ago

    India's September gold imports drop 14 percent on weak rupee: GFMS

    India's gold imports in September dropped more than 14 percent from a year ago as a rally in local prices due to a depreciating rupee reduced demand in the world's second-biggest consumer of bullion, provisional data from precious metals consultancy GFMS. "In August demand was good but it fell in September due to higher prices," said Asher O., managing director of the India operations at Malabar Gold and Diamonds, a leading jeweller. The Indian rupee has fallen almost 14 percent in 2018, lifting local gold prices to 31,531 rupees per 10 grams earlier this week, the highest level in nearly five months.

  • Reuters14 days ago

    No rebound for India's reeling rupee seen likely in coming year: Reuters poll

    India's battered rupee is expected to stay that way for a while, trading near recent record lows over the coming year even as the Reserve Bank of India is forecast to raise rates in December and once more in 2019, Reuters polling found. The rupee has hit repeated record lows against the dollar this year in its worst run since the financial crisis. While just two weeks ago a majority of economists polled by Reuters predicted the Reserve Bank of India (RBI) would hike interest rates on Oct 5, the central bank surprised by keeping its policy unchanged and said it was not targeting any currency level.

  • Reuters14 days ago

    Rupee, bonds gain in early trade; seen rangebound

    The rupee gained on Wednesday, recovering from a record low hit at the end of the previous session, as gains in other Asian peers and stronger domestic shares helped sentiment, while the announcement of the first open market bond purchase for October aided bonds. India is considering tapping its citizens abroad to prop up the rupee, Bloomberg reported late on Tuesday, which also helped rupee sentiment.

  • Here’s why traders think the Chinese yuan could reach a record low against the dollar
    MarketWatch14 days ago

    Here’s why traders think the Chinese yuan could reach a record low against the dollar

    The pressure on China’s currency continues to mount as the world’s second-largest economy shows more signs of slowing and traders bet that the dollar will soon buy a record amount of yuan in the offshore market. As the country returned to work on Monday after the Golden Week holiday, the People’s Bank of China cut the Reserve Ratio Requirement, the percent of deposit liabilities owed to its customers banks are required to hold, for the fourth time this year. While that may spur banks to lend more, it sent the Chinese yuan (USDCNY)(USDCNH) another leg lower, moving toward its August low against the greenback and in sight of the psychological 7.00 level.

  • Pakistan Devalues Rupee as It Prepares to Seek 13th IMF Bailout
    Bloomberg14 days ago

    Pakistan Devalues Rupee as It Prepares to Seek 13th IMF Bailout

    The rupee, a managed float, fell 7.5 percent to 133.64 against the dollar, the most in a single day since Bloomberg started tracking data from 2000. After consulting with “leading economists”, Pakistan will formally approach the IMF for support and Finance Minister Asad Umar will hold talks with officials during the lender’s annual meetings in Bali this week, the Finance Ministry said in a statement late Monday. Umar told Bloomberg in August that the government may need more than $12 billion.

  • Reuters15 days ago

    Rupee hits record low of 74.28 per dollar

    Traders said there was also some importer demand seen in afternoon trade, but intermittent dollar selling by the central bank is likely to prevent a steep fall in the unit. Sentiment has also been weaker after the central bank held rates steady in a surprise move on Friday and pushed the rupee to its previous record low of 74.23.

  • Rupee’s Slide Is Stinging Indian Firms With Unhedged Foreign Debt
    Bloomberg15 days ago

    Rupee’s Slide Is Stinging Indian Firms With Unhedged Foreign Debt

    India Inc. overall is better off than several years ago, after more companies with foreign-currency debt bought protection against rupee declines, which otherwise would push up the cost to service those obligations. As the rupee slides to fresh lows and U.S. rates move sharply higher, unhedged Indian firms that swapped overseas debt into the local currency and that don’t have foreign-currency revenues face sharply higher repayment costs. As much as 75 percent of the external commercial borrowings of Indian companies are now hedged, according to Samir Lodha, managing director and forex hedging strategist at QuantArt Market Solutions.

  • Reuters18 days ago

    India surprises by leaving policy rate unchanged, rupee tumbles

    The Reserve Bank of India held interest rates unchanged on Friday, condemning the rupee to a record low and surprising analysts who had expected a rate rise to counter inflationary pressures arising from the weak currency and high oil prices. The RBI's monetary policy committee (MPC) left the repo rate (INREPO=ECI) at 6.50 percent, though 35 out of 64 analysts surveyed by Reuters last week had forecast a rate hike. The MPC also held the reverse repo rate (INRREP=ECI) at 6.25 percent.

  • Quartz18 days ago

    The Indian rupee has hit another historic low after a surprise from the central bank

    India’s central bank was widely expected to increase the benchmark interest rate today (Oct. 05), the third straight hike this financial year. A rate increase would have helped curb inflation fuelled by the rupee’s weakness and surging crude prices. Instead, the Reserve Bank of India (RBI) surprised the markets by keeping both the repo and…

  • Reuters19 days ago

    EMERGING MARKETS-Emerging stocks head for worst week since Feb, Indian rupee drops on RBI surprise

    Emerging market stocks were headed on Friday for their worst weekly losses since early February, while a rise in U.S. Treasury yields to seven-year highs kept a lid on emerging market currencies before U.S. jobs data are released. Signs that the U.S. economy is forging ahead even as developing countries struggle with local currency crises, trade disputes and political problems have encouraged investors to dump emerging market assets this year. The 10-year U.S. Treasury yield held near a seven-year high as markets braced for a report on Friday that is expected to show another solid month for U.S. non-farm payrolls in September.

  • UTI Asset Looks Beyond Rupee Drop as India Poll Season Nears
    Bloomberg19 days ago

    UTI Asset Looks Beyond Rupee Drop as India Poll Season Nears

    The next focus of risk for the nation’s oldest mutual-fund company now are the upcoming elections. Revenue from the goods and services tax has undershot the target for five straight months, and UTI Asset Management Co. fears the government may have little scope to cut expenditure before the three key state polls later this year and general elections in 2019. “Political uncertainty will play out in the coming months that will have the most bearing on government bonds,” Sudhir Agrawal, a fund manager at Mumbai-based UTI Asset, said in an interview.

  • Reuters20 days ago

    RBI seen raising rates again as rupee slide accelerates

    The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples with a weakening rupee, surging oil prices and market instability sparked by a major non-bank finance firm's defaults. Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged. Rising U.S. interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit are also expected to make the central bank act.

  • RBI seen raising rates again as rupee slide accelerates
    Reuters20 days ago

    RBI seen raising rates again as rupee slide accelerates

    The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples with a weakening rupee, surging oil prices and market instability sparked by a major non-bank finance firm's defaults. Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged. Rising U.S. interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit are also expected to make the central bank act.

  • Quartz20 days ago

    Here’s why the Indian rupee may fall below 75 per dollar soon

    There is just no respite, no pause. On a slippery slope since 2018 began, the Indian rupee closed at its weakest level, 73.34 per dollar, yesterday (Oct.03)—and opened even lower at 73.78 today. It has already shed 15% this year, making it one of Asia’s worst-performing currencies. Weighed down by global pressures—trade wars and rising…

  • Bloomberg20 days ago

    India Eases Borrowing Norms for Oil Refiners to Prop Up Rupee

    The Reserve Bank of India removed a $750-million cap each on state-run refiners including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. for borrowing overseas under the so-called automatic route, subject to an overall limit of $10 billion, according to a statement. The easing of norms that will help take a sizable amount of dollar demand from oil refiners off the local market came on a day when rupee, the worst-performing currency in Asia, breached 73-level to a dollar. Weighing on the rupee are rising oil prices and a current account deficit that makes India dependent of foreign inflows.

  • Reuters20 days ago

    Pakistan's rupee under pressure amid regional currency turmoil

    Emerging markets currency turmoil and higher oil prices are putting increasing pressure on Pakistan's central bank to devalue the rupee for a fifth time in a year, analysts said on Wednesday. The rupee is down 20 percent since December as dwindling foreign currency reserves paired with a widening current account deficit prompted successive devaluations by the State Bank of Pakistan. The central bank aggressively hiked its policy interest rates by 100 basis points to 8.5 percent last week, but that won't be enough to prevent another depreciation, research agency Fitch Solutions said in an investors note.

  • Rupee recovers after report of talks on special dollar window for oil firms
    Reuters21 days ago

    Rupee recovers after report of talks on special dollar window for oil firms

    MUMBAI (Reuters) - The rupee recovered sharply from record low levels on Wednesday after NewsRise reported that the government was in talks with the central bank for a special dollar swap window with some ...

  • Reuters21 days ago

    EM ASIA FX-Rupee hits record low, Bank Indonesia supports rupiah as oil prices weigh

    * EM Asia trades flat on a dearth of cues * Indian rupee breaches 73 to the dollar * Further rupiah weakening spurs Central Bank intervention (Adds details on rupee, context, updates prices) By Ambar Warrick ...