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1 day ago | 
marketscreener.com | Nimesh Vora |Jaspreet Kalra
MUMBAI (Reuters) -Foreign investors are piling into offshore dollar/rupee non-deliverable swaps (NDS) as that is a more attractive trade than overnight index swaps to bet on the Indian central bank lowering interest rates further, traders said. The spread between the 1-year NDS and the rupee non-deliverable overnight index swaps (NDOIS) -- the two instruments foreign investors have access to punt on Indian rates -- widened to a two-year high last week.
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1 week ago | 
ca.marketscreener.com | Nimesh Vora |Jaspreet Kalra
MUMBAI (Reuters) - Indian companies with future receivables in major currencies besides the U.S. dollar should consider reducing their hedge ratio to potentially benefit from the weakness that is expected to continue plaguing the greenback, bankers and forex advisors said.
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2 weeks ago | 
marketscreener.com | Nimesh Vora
MUMBAI (Reuters) - The Indian rupee is set to decline at open on Wednesday following swings in the Chinese yuan prompted by US-China trade jitters, and as traders await the Reserve Bank of India's rate decision. The 1-month non-deliverable forward indicated that the rupee will open at 86.35-86.40 to the U.S. dollar compared with its close of 86.2650 in the previous session. Right now, it's all about the yuan for Asia, a currency trader at a private bank said.
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2 weeks ago | 
uk.marketscreener.com | Nimesh Vora |Jaspreet Kalra
MUMBAI (Reuters) - Indian importers locked in foreign exchange hedges with banks at a record pace last month, capitalizing on a rally in the rupee. A few of these banks are now facing margin calls due to notional losses on those positions, four bankers said.
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2 weeks ago | 
marketscreener.com | Nimesh Vora
MUMBAI (Reuters) - The Indian rupee is expected to depreciate further on Tuesday, tracking losses in the Chinese yuan after U.S. President Donald Trump threatened additional tariffs on Asia's largest economy. The 1-month non-deliverable forward indicated that the rupee will open at 85.90-85.92 to the U.S. dollar compared with 85.8350 in the previous session.
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2 weeks ago | 
businesslive.co.za | Nimesh Vora |Jaspreet Kalra
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. Twenty rupee currency notes. Picture: PRIYANSHU SINGH Mumbai — India’s central bank could tolerate a sharper depreciation of the rupee if China lets the yuan weaken to cushion the impact of US tariffs, multiple sources aware of the central bank’s thinking said.
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2 weeks ago | 
gurutrade.com | Nimesh Vora |Janane Venkatraman
MUMBAI, April 7 (Reuters) - The Indian rupee is set to slump at open on Monday, pegged back by the selloff in Asian equities on mounting fears that U.S. tariffs would hurl the world economy into a slowdown.
The 1-month non-deliverable forward indicated that the rupee will open at 85.75-85.80 to the U.S. dollar compared with 85.2350 in the previous session.
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2 weeks ago | 
marketscreener.com | Jaspreet Kalra |Nimesh Vora
MUMBAI (Reuters) - The Indian rupee fell against the dollar on Monday as concerns over the economic spillovers of U.S. tariffs intensified, hurting Asian currencies and leaving rupee bears regretting their recent exits from short positions on the currency. Investors had sharply reduced short bets on the rupee ahead of the announcement of reciprocal U.S. tariffs on April 2, per a Reuters poll, as it rallied over the last month amid seasonal and portfolio dollar inflows.
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2 weeks ago | 
marketscreener.com | Nimesh Vora |Jaspreet Kalra
MUMBAI (Reuters) - The Reserve Bank of India's inaction to the rupee's ongoing rally, which lifted it above 85, surprised market participants and sent traders scrambling to adjust positions after the central bank did not step in to absorb dollars as was expected. The rupee rose to a peak of 84.9675 in early trade on Friday before trimming gains and was last quoted at 85.2650, up 0.2% on the day.
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3 weeks ago | 
sg.finance.yahoo.com | Jaspreet Kalra |Nimesh Vora
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) - Indian equity markets are better placed than their Asian counterparts to ride out the impact of sweeping tariffs rolled out by U.S. President Donald Trump, according to strategists at JP Morgan Private Bank and Morgan Stanley. The U.S. tariff on India is nearly half of that on China and significantly less than that on Vietnam.
