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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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5 days ago | 
sg.finance.yahoo.com | Nimesh Vora |Jaspreet Kalra
Nimesh Vora and Jaspreet Kalra Fri, 9 May 2025, 3:40 am 2 min read By Nimesh Vora and Jaspreet Kalra MUMBAI (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.
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6 days ago | 
reuters.com | Nimesh Vora
A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. REUTERS/Francis Mascarenhas/File Photo MUMBAI, May 9 (Reuters) - The Indian rupee looks set to decline further on Friday, pressured by the widening conflict between India and Pakistan that may trigger increase hedging and speculative activity.
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6 days ago | 
sg.finance.yahoo.com | Nimesh Vora
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee looks set to decline further on Friday, pressured by the widening conflict between India and Pakistan that may trigger increase hedging and speculative activity. The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous session. The rupee on Wednesday slumped 1.04%, recording its worst session in more than two years.
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6 days ago | 
marketscreener.com | Nimesh Vora
MUMBAI (Reuters) -The Indian rupee looks set to decline further on Friday, pressured by the widening conflict between India and Pakistan that may trigger increase hedging and speculative activity. The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous session. The rupee on Wednesday slumped 1.04%, recording its worst session in more than two years.
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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 | 
reuters.com | Nimesh Vora
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 Indian rupee is likely to inch higher at the open on Thursday, with traders keeping an eye on tensions between India and Pakistan, and on the U.S. dollar, which found support following the Federal Reserve's policy meeting.
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1 week ago | 
uk.marketscreener.com | Nimesh Vora
Stock Market News Indian forex markets largely unfazed by India strikes in Pakistan Published on 07/05/2025 at 03:42, updated on 07/05/2025 at 06:48 MUMBAI (Reuters) - India's forex markets exhibited resilience on Wednesday following India's strikes in Pakistan, with the rupee's decline aligning with other Asian currencies and forward premiums witnessing few fluctuations.
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1 week ago | 
uk.marketscreener.com | Nimesh Vora
MUMBAI (Reuters) -The India rupee is poised to decline at open on Wednesday after military action by India against Pakistan heightened cross-border tensions. The 1-month non-deliverable forward indicated that the rupee will open at 84.64 to 84.68 to the U.S. dollar, down from 84.4325 in the previous session. The initial market reaction "understandably" reflects caution and worries over the potential for a further escalation, a currency trader at a Mumbai-based bank said.
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1 week ago | 
marketscreener.com | Nimesh Vora
MUMBAI (Reuters) -The Indian rupee is set to weaken at the open on Tuesday, mirroring losses in the offshore Chinese yuan, triggered by soft economic data and the daily central bank fix. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar compared with 84.25 in the previous session. Recent price action suggests "sizeable" buying interest in USD/INR in the 84-84.25 range, a currency trader at a Mumbai-based bank said.
