Economists predict the Indian rupee will remain stable at 94-96 against the US dollar despite falling crude oil prices. Unlikely to appreciate significantly, the rupee is expected to gradually weaken to around 96.5 by March 2027, as central bank policies absorb dollar inflows.

At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar and traded in the range of 94.98-95.61 during the day.

Softness in Brent oil prices will ease inflationary pressures for India, the world's third-largest oil importer, market analysts said.

At the interbank foreign exchange market, the rupee opened at 95.20 against the American currency and traded in a range of 95.16-95.35 during the session.

At the interbank foreign exchange market, the rupee opened at 94.95 against the American currency and traded in a range of 94.90-95.40 during the session.

The report said the US Dollar Index traded at 101.3, supported by stronger-than-expected employment data

At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar and traded in a range of 94.63-94.92 before settling at 94.76, down 13 paise from its previous close.

At the interbank foreign exchange, the rupee opened at 94.30 against the US dollar and traded in the range of 94.20-94.52. Eventually, it settled at 94.33, up 7 paise from its previous close.

At the interbank foreign exchange, the rupee opened at 94.66 against the US dollar and traded in the range of 94.18-94.71. Eventually, it settled at 94.40, up 10 paise from its previous close.

At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71 before settling at 94.60, down 2 paise from its previous close.

The local unit appreciated 16 paise to close at 95.25 against the US dollar on Wednesday, amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit.

No summary available.

Forex traders said besides the de-escalation of tensions in the West Asia war, likely intervention by the Reserve Bank of India, positive domestic markets and easing US treasury yields supported the rupee.

At the interbank foreign exchange market, the rupee opened at 95.70 against the US dollar, then touched an intra-day low of 95.85 and a high of 95.59 before closing at 95.83 (provisional), down 7 paise from its previous close.

At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched an intraday low of 95.80 and finally ended the session at 95.76, down 40 paise from its previous close.

The official also said Customs has not notified banks as designated importers of gold from April 1, 2026, leaving only three nominated agencies, including MMTC, eligible to import the precious metal.

The fall comes in the backdrop of a customs duty hike implemented in 2026, when the government increased import duty on gold from 6 percent to 15 percent

India’s trade with West Asia rose 26.2 percent month-on-month to $5.30 billion in May from $4.20 billion in April, while imports increased 2.6 percent to $10.74 billion from $10.47 billion, according to government data released on June 15.

Merchandise exports rose to $45.20 billion in May from $43.56 billion in April, while imports increased to $73.41 billion.

RBI’s net short dollar position has surged past $110 billion, marking a record intervention to defend the rupee through offshore derivatives and forward market operations.

Exports rose by 13.78 per cent to $43.56 billion in April, the highest monthly outbound shipments in more than four years

The figure was down 4.2 per cent from March's traffic of 1.44 crore passengers and 3.47 per cent lower than the 1.43 crore passengers flown in April last year.

Poultry exports to the UAE fell nearly 25% in March, while shipments to Oman collapsed more than 90%

India’s toffee exports rose nearly 40% in FY26 to $14.87 million, the highest level in eight years

The auction, to be held on May 26, also comes at a time when the rupee has significantly depreciated against the American currency amid persisting global uncertainties.

Merchandise exports came in at $43.56 billion in April versus $38.92 billion, while imports stood at $71.94 billion compared to $59.59 billion in the previous month

The duty hike will help curb rupee depreciation a little probably but on its own it won't reverse the rupee's slide, said an analyst

Gold seizures by enforcement agencies doubled to 4,343 kg in FY23 from 2,172 kg in FY22 after the government raised import duty to 15% in July 2022.

Forex resources need to be prioritised towards essential imports amid the West Asia crisis and the move is a calibrated intervention aimed at supporting macroeconomic stability, sources have said

Banks restart gold and silver imports after paying 3% IGST, a move that could lift bullion supplies but add pressure on India’s trade deficit and rupee.

The FCNR scheme would give a boost to a flatlining NRI deposits

In 2013, the FCNR (B) scheme garnered a little over $34 billion but this time the hopes on inflows are higher around $50-70 billion

RBI will bear the full hedging cost on fresh FCNR(B) deposits till September 30, making it cheaper for banks to raise foreign currency deposits from NRIs at a time when the rupee is under pressure.

RBI kept the repo rate unchanged at 5.25% and announced 6 measures to boost capital inflows through G-Secs, FPIs and FCNR deposits.

The central bank unanimously kept the repo rate unchanged at 5.25 percent, maintaining the neutral stance.

The RBI’s increase in bulk deposit threshold has helped banks avoid a spike in costs

Deepak Agrawal of Kotak Mahindra AMC expects the RBI to maintain the repo rate at 5.25 percent, with only a slim possibility of a hike, while keeping its policy stance neutral.

The old trend of pursuing deposits to boost balance sheet size in March is back