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5 days ago | 
reuters.com | Nimesh Vora |Jaspreet Kalra
MUMBAI, May 9 (Reuters) - Indian forex traders had taken the simmering tensions between India and Pakistan in their stride until Thursday afternoon, when news of a flare-up in the military offensive sent the market into a tizzy and the rupee to its worst day in over two years. In early trading hours of Thursday, the rupee had nearly recovered all its losses since India's initial strikes in Pakistan and Pakistan-administered Kashmir on Wednesday.
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6 days ago | 
reuters.com | Nimesh Vora |Jaspreet Kalra
A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. REUTERS/Priyanshu Singh/File Photo MUMBAI, May 8 (Reuters) - The volumes on the Indian rupee options soared after India's strikes in Pakistan, suggesting that the currency may go through a volatile patch on the back of the heightened tensions between the two nuclear-armed neighbours. The data, however, did not suggest a one-sided bias on the Indian currency.
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1 week ago | 
marketscreener.com | Ira Dugal |Bharath Rajeswaran |Jaspreet Kalra
MUMBAI (Reuters) -The latest conflict between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours.
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1 week ago | 
gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee
MUMBAI, May 6 (Reuters) - The Indian rupee edged lower on Tuesday as regional currencies took a breather following a drop in the offshore Chinese yuan, with traders citing routine dollar demand from oil companies and importers.
The rupee was down 0.4% at 84.55 against the U.S. dollar as of 11:20 a.m. IST. The dollar index was treading water below the 100 mark while the offshore Chinese yuan was lower by 0.2%.
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1 week ago | 
marketscreener.com | Dharamraj Lalit Dhutia |Jaspreet Kalra
MUMBAI (Reuters) -The Indian rupee is likely to hold a slightly positive bias this week, and alongside government bonds, will take cues from the Federal Reserve's policy decision as well as developments on a U.S.-India trade deal and cross-border tensions. The rupee closed at 84.58 on Friday, up 1% week-on-week on the back of portfolio inflows and gains in its regional peers.
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1 week ago | 
marketscreener.com | Jaspreet Kalra
MUMBAI (Reuters) -The Indian rupee extended its rally on Friday, wiping out all losses since Donald Trump won the U.S. presidential elections in November 2024, with traders citing strong dollar inflows and short-covering amid rising hopes of a U.S.-India trade deal. The rupee rose to a peak of 83.78 in early trading, up 0.8% on the day. The currency was at 83.93 per U.S. dollar at 10:35 a.m. IST.
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1 week ago | 
marketscreener.com | Jaspreet Kalra
MUMBAI (Reuters) -The Indian rupee rose sharply in early trading on Friday to climb past 84 per U.S. dollar for the first time since October 2024, driven by heavy dollar sales from foreign banks and strength in regional currencies. The rupee climbed to a peak of 83.83, up 0.7% from its close at 84.4875 in the previous session. The currency is now up nearly 2% on the week.
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2 weeks ago | 
marketscreener.com | Jaspreet Kalra
MUMBAI (Reuters) - The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and closed at 84.4875 against the U.S. dollar, up 0.91% on the day, and the highest since November 29.
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2 weeks ago | 
sg.finance.yahoo.com | Jaspreet Kalra
Jaspreet Kalra Tue, 29 Apr 2025, 10:58 pm 2 min read By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee, on Wednesday, rose to its highest level this year on the back of likely inflows into equities, a pickup in hedging-related dollar sales from local exporters and cutting of bearish positions on the local currency. The rupee rose 0.5% to a high of 84.78 per dollar, tracking gains in Asian currencies, which were up by as much as 0.8% on the day.
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2 weeks ago | 
ca.marketscreener.com | Jaspreet Kalra |Ashwin Manikandan
MUMBAI/NEW DELHI (Reuters) -India's payments authority, the central bank, and industry are pushing the government to allow a fee on digital payments to large merchants made via its homegrown network to help boost growth, five sources told Reuters. The charge, known as Merchant Discount Rate (MDR), is considered crucial to boosting investment for payments firms, and reviving slowing growth in payments made via the Unified Payments Interface (UPI), India's own network, the sources said.
