Topic
forex
Finance RBI's Swap Scheme May Attract $80-85 Billion in Forex Inflows, Says SBI Report
The Reserve Bank of India's concessional swap facility could attract $80-85 billion in foreign currency inflows, led by FCNR(B) deposits, according to a report by SBI Research. By July 17, inflows reached nearly $20 billion, providing a positive reprieve for India's external sector. The report projects a balance of payments surplus of over $50 billion for FY27.
Finance Bank of Baroda, Bank of India target over $6 billion through forex mop-up schemes
Bank of Baroda and Bank of India are targeting over $6 billion in foreign capital through FCNR(B) deposits, medium-term notes, and foreign currency bonds. RBI has undertaken to cover forex risk via dollar swaps. Banks have collectively raised over $17 billion so far.
Finance RBI Intervention Lifts Rupee 22 Paise to 96.5 Despite Brent Crude Topping $100
The Indian rupee strengthened 22 paise to 96.5 per dollar on Friday, recovering from a weak opening, as likely Reserve Bank of India intervention countered pressure from Brent crude oil prices breaching $100 a barrel. The currency remains under pressure from FII outflows and domestic equity declines.
Finance Rupee Rises to 96.49 Against US Dollar as Rising Oil Prices Cap Gains, Traders Eye RBI Intervention
The Indian rupee opened at 96.49 against the US dollar on Thursday, a 0.1% recovery from its weakest close in over two months, but gains are limited by rising crude oil prices. Brent crude has climbed above $96 a barrel amid US-Iran tensions, prompting the Reserve Bank of India to intervene. The RBI was a net seller of $6.1 billion in the forex market in May, while its forward dollar sales hit a record $106.6 billion.
Finance Rupee Falls 11 Paise to 96.36 Against US Dollar Amid US-Iran Tensions and Rising Crude Oil Prices
The Indian rupee opened 11 paise weaker at 96.36 against the US dollar on Wednesday, pressured by rising crude oil prices and safe-haven demand amid renewed US-Iran tensions. The dollar index edged lower to 101.15, while Brent crude rose 1.18% to USD 92.08. RBI measures to attract overseas deposits have provided support, according to Anil Kumar Bhansali of Finrex Treasury Advisors LLP.
Trade Finance Forex Inflow Crosses $20.7 Billion Under RBI Special Swap Scheme
Banks have mobilised over $20.7 billion in foreign exchange inflows under the Reserve Bank of India's special swap scheme, operationalised on 8 June 2026. The bulk came through FCNR(B) deposits at $17.4 billion, with smaller contributions from OFCBs and ECBs. The scheme aims to strengthen India's balance of payments and incentivise capital inflows.
Finance Rupee Slips 6 Paise Against US Dollar in Early Trade, No Further Details Released
The Indian rupee weakened by 6 paise against the US dollar in early trade on July 21, 2026, as per a Business-Today article. The report contained no additional context, prior close, or market drivers.
Finance India's forex boost: RBI swap scheme raises $20.72 billion so far, TOI reports
The Reserve Bank of India's foreign exchange swap scheme has raised $20.72 billion so far, according to the TOI Business Desk, boosting the country's forex reserves. This development has implications for trade finance costs and currency hedging for corporate treasuries.
Finance Rupee falls 12 paise to 96.42 as Middle East tensions lift crude oil prices above $90
The Indian rupee weakened 12 paise to 96.42 against the US dollar in early trade on Monday, driven by rising crude oil prices and escalating Middle East tensions. Foreign capital outflows and a decline in domestic equity markets added pressure. Brent crude surged 2.45% to $90.26 a barrel following a collapse of the US-Iran interim agreement and stalled shipping through the Strait of Hormuz.
Finance Rupee Rises 14 Paise as Dalal Street Rally Offsets Geopolitical Headwinds
The Indian rupee strengthened 14 paise to 96.28 against the US dollar in early trade on Friday, supported by a rally in equity markets. However, gains were limited by sustained foreign fund outflows, firm crude oil prices, and escalating Middle East tensions. The dollar index edged up 0.02% to 100.78, while Brent crude rose 0.39% to $84.83 per barrel.
Finance Led by NRI deposits, RBI swaps may draw $80-85 billion in foreign capital
Bankers expect India to attract $80-85 billion through RBI's swap-backed initiatives spanning FCNR(B) deposits, external commercial borrowings, and overseas foreign currency bonds. Early traction is seen in NRI deposits, while PSUs and banks adopt a wait-and-watch approach for other instruments. The inflows are expected to support the rupee, which has been under pressure from global turmoil.
Finance Rupee Back in Red: Breaches 96 vs Dollar as RBI Forex Boost Fades on Rising Crude Oil Prices
The Indian rupee weakened past the 96 per dollar mark on Tuesday, giving up gains from recent RBI intervention, as renewed US-Iran tensions pushed crude oil prices higher. The one-month forward premium rose to 3.17%, increasing hedging costs for importers. Analysts said the rupee will remain sensitive to oil prices, foreign flows, and the dollar index, with structural dollar demand from India's trade deficit.
Finance Rupee slips past 96 against US dollar for first time since May as oil prices soar again
The Indian rupee weakened past 96 against the US dollar for the first time since May 2026, depreciating 48 paise to 96.16 on Tuesday. Pressure came from surging crude oil prices and heightened geopolitical tensions in West Asia, which boosted demand for safe-haven assets. The move raises concerns over India's import bill and current account deficit.
Finance India's Forex Reserves Surge $7.3 Billion to $674.2 Billion in Week Ended July 3
India's foreign exchange reserves increased by $7.3 billion to $674.2 billion in the week ended July 3, according to data from the Reserve Bank of India. The rise was fueled by a $4.5 billion jump in foreign currency assets and a $2.7 billion surge in gold holdings, the latter reflecting higher international gold prices. The buildup strengthens India's import cover and buffers against currency volatility.
Trade Finance Rupee Tumbles 20 Paise Against US Dollar as Oil Rises and Dollar Strengthens
The Indian rupee weakened 20 paise against the US dollar on Wednesday, opening at 95.15 and slipping to 95.16 in early trade, erasing gains from the previous session. The decline was driven by rising Brent crude oil prices, a stronger US dollar index, and a weak domestic stock market opening, according to a Business-Today report.
Finance Indian Rupee Strengthens 43 Paise to 94.97 on Lower Oil Prices and FII Inflows
The Indian rupee strengthened by 43 paise to 94.97 against the US dollar, recording its sharpest single-session gain in three weeks, supported by Saudi Arabia's $11/barrel cut in August crude oil prices for Asia, FII net equity purchases of Rs 243.03 crore, and improved global risk sentiment. The currency opened at 95.33 and traded in a 94.94-95.37 range before closing near 94.95. Broader market indicators showed Brent crude at $72.9/barrel and the dollar index at 100.96.
Finance Rupee recovers 15 paise to 95.28 against US dollar in early trade
The Indian rupee opened stronger at 95.33 and touched 95.28 against the US dollar in early Tuesday trade, recovering 15 paise from the previous session's close of 95.43. Gains followed Saudi Arabia's record USD 11 per barrel cut in Asia oil prices and reduced Middle East risk premium.
Finance Rupee Slips 10 Paise to 95.28 as Stronger Dollar and Geopolitical Jitters Outweigh Positive Cues
The Indian rupee weakened 10 paise to 95.28 against the US dollar in early trade on Monday, driven by a stronger dollar index and geopolitical uncertainty surrounding US-Iran peace talks. The decline erased part of the previous session's 17-paise gain. Forex traders noted the rupee's failure to benefit from softer dollar and falling oil prices signals underlying fragility, with potential moves towards 96.00 if negative triggers emerge.
Finance Rupee Slips to 95.4 as Spike in Dollar Demand Sparks OMC Return Speculation
The Indian rupee closed at 95.4 against the US dollar, falling 15 paise from its previous close, amid a surprise spike in dollar demand that has reignited speculation that public sector oil marketing companies (OMCs) have returned to the foreign exchange market. The Reserve Bank of India had earlier this year moved OMCs to a separate window to reduce market volatility.
Finance RBI’s Net Short Forward Position Hits Record $106.6 Billion Amid Rupee Pressure
According to a July 1, 2026 report by the TOI Business Desk for Business Today, the Reserve Bank of India's net short forward position hit a record $106.6 billion amid rupee pressure. The development signals heightened central bank intervention to support the currency, with implications for trade finance costs and forex hedging.
Finance Japanese Yen Hits Four-Decade Low Against US Dollar, Sparking Intervention Fears
The Japanese yen fell to its weakest level against the US dollar since 1986, breaching 161.95 in New York and touching 162.40 in Tokyo. Verbal intervention from officials had little effect. Despite the Bank of Japan raising rates to 1%, the yen remains under pressure from the carry trade and expectations of a hawkish Federal Reserve. The government previously intervened with a record ¥11.73 trillion, and markets are watching for further action.
Finance Forex measures yield results: FPIs buy record $4.2 billion Indian government bonds in June; reserves may get a boost
Foreign portfolio investors (FPIs) invested a record $4.2 billion (Rs 39,640 crore) in Indian government bonds in June 2026, following measures by the government and RBI including capital gains tax exemption and wider access to longer-tenor bonds. The inflows are expected to support India's foreign exchange reserves, which stood at $672 billion as of June 12. The rupee recovered from a record low of 96.96 to 94.40, and the 10-year bond yield fell 20 basis points to 6.76%.
Finance Rupee Gains 10 Paise to 94.45 as Softer Crude and Equities Boost Sentiment
The Indian rupee appreciated 10 paise to close at 94.45 against the US dollar on Thursday, driven by lower global crude oil prices, a positive domestic equity market, and a marginally weaker greenback. Forex market will remain closed on Friday for Muharram. Analysts expect the rupee to trade in a 94.20-94.80 range, with a negative bias from a hawkish Federal Reserve offset by softer commodity prices.
Finance India Offers Up to 9% Leverage on NRI Deposits, Guarantees Returns Over 7.1% to Bolster Forex Inflows
The Reserve Bank of India has authorized banks to extend loans against foreign-currency deposits from non-resident Indians, with leverage of up to 9 times and guaranteed returns of over 7.1%. The initiative aims to boost forex inflows and strengthen currency buffers, with potential inflows exceeding $80 billion. The move mirrors a 2013 taper tantrum strategy and complements other measures to support the rupee.
Finance Rupee Falls 30 Paise to 94.63 Against Dollar as Middle East Uncertainty Weighs
The Indian rupee fell 30 paise to close at 94.63 against the US dollar on Monday, pressured by a strong dollar index and lingering Middle East uncertainty. Forex traders noted volatile trading as supportive inflows were offset by firm dollar demand and a lack of clarity on a long-term peace deal. The RBI net sold $8.944 billion in the spot forex market in April, following $9.758 billion in March.
Finance RBI Sold Nearly $9 Billion in Forex Spot Market in April Amid Rupee Pressure
The Reserve Bank of India (RBI) sold nearly $9 billion in the foreign exchange spot market in April to stem rupee depreciation, according to the Times of India. The intervention signals the central bank's active stance in managing currency volatility, with direct implications for corporate treasuries managing FX exposure and trade finance costs.
Finance Will the Rupee Recovery Last? Analysing Oil Prices, FPI Outflows and RBI Measures
The Indian rupee recovered from an all-time low of 96.96 against the dollar to 94.33, aided by falling oil prices and RBI measures to attract foreign inflows. However, the currency remains down 6% for the year, and continued pressure from high oil import costs and record foreign portfolio outflows raises questions about the sustainability of the recovery.
Finance Rupee ends higher for second day, settles at 94.33 as trade deal hopes offset oil concerns
The Indian rupee extended gains for a second consecutive session, settling 7 paise higher at 94.33 against the US dollar on Friday. Optimism over India-US trade negotiations and a decline in Brent crude oil prices supported the currency, though a stronger dollar and uncertainty around US-Iran talks capped gains. Foreign institutional investors turned net buyers, purchasing equities worth Rs 4,859.07 crore.
Finance Rupee rebounds 20 paise to 94.20 against US dollar on India-US trade deal hopes
The Indian rupee strengthened 20 paise to 94.20 against the US dollar in early trade on Friday, driven by optimism over a potential India-US trade agreement and supported by improving foreign inflows and softer crude oil prices. Foreign Secretary Vikram Misri confirmed that trade figured prominently in recent Modi-Trump talks, with US Trade Representative Jamieson Greer expected to visit India next week. Forex analyst Amit Pabari noted that the RBI may have already purchased USD 3–5 billion over the last two sessions to rebuild reserves.
Finance Rupee Tumbles 21 Paise to 94.66 Against US Dollar on Fed Hawkish Stance
The Indian rupee depreciated 21 paise to open at 94.66 against the US dollar on Thursday, following the Federal Reserve's hawkish policy stance which strengthened the greenback. The dollar index climbed to a four-month high of 100.23, while domestic equity markets also opened lower. Positive developments include a US-Iran MOU and progress on India-US trade talks.
Finance Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms
The Indian rupee closed nearly unchanged at 94.5250 per US dollar on Wednesday, erasing earlier gains driven by a sharp drop in oil prices. Brent crude fell below $80 after the US and Iran reached an interim peace deal. Corporate and importer dollar demand reversed the rupee's rally. Market attention now shifts to the US Federal Reserve's first policy decision under Chair Kevin Warsh, with markets watching for any signal that the easing cycle may be ending.
Finance Rupee Rebounds 31 Paise to 94.29 as Easing Oil, Dollar Index Boost Sentiment
The Indian rupee strengthened 31 paise to 94.29 against the US dollar on Wednesday, driven by softer crude oil prices and a weaker dollar index. The currency has recovered 130 paise over the past three sessions as the US-Iran framework agreement buoyed sentiment. Forex traders caution that the recovery, while real, is not yet firmly grounded ahead of the Geneva signing on June 19.
Finance Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar
The Indian rupee closed 2 paise lower at 94.60 against the US dollar on Tuesday, ending a two-session gaining streak. Despite easing crude oil prices and optimism over a US-Iran peace deal, foreign capital outflows from equities weighed on the currency. Analysts expect the USD-INR pair to trade within a 94.10-94.90 range in the near term.
Commodities India's 3Fs Stress: How the US-Iran War Is Straining Fuel, Fertilisers and Forex
India is under stress from the '3Fs' — fuel, fertilisers, and forex — as the US-Iran war drives up crude oil prices and disrupts supplies via the Strait of Hormuz. Finance Minister Nirmala Sitharaman urged conservation of foreign exchange. With over 85% crude import dependence and 50% of DAP and urea imports from the Middle East, the entire 2026-27 fiscal year could be affected, according to EY India's chief policy advisor.
Finance Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum
The Indian rupee strengthened to a five-week high of 94.71 against the US dollar on Monday, supported by a sharp drop in crude oil prices after a preliminary US-Iran agreement and by RBI measures to attract dollar inflows. Traders and economists see further support for the currency, though the central bank's willingness to allow gains remains a key factor.
Finance Rupee-Dollar Movement Driven by Global and Domestic Factors, Sitharaman Says RBI Steps In Only to Curb Volatility
Union Finance Minister Nirmala Sitharaman stated that rupee-dollar movements are driven by global and domestic factors such as US Fed policy, foreign capital flows, and currency crashes in Japan and Korea. She emphasised that the RBI intervenes only to curb excessive volatility, not to fix the exchange rate, using foreign exchange reserves sparingly.
Finance Rupee Gains 20 Paise to Settle at 95.41 Against US Dollar, Snapping Losing Streak
The Indian rupee snapped its losing streak and appreciated 20 paise to close at 95.41 against the US dollar, driven by easing crude oil prices, a weaker dollar, positive domestic equities, and likely RBI intervention. Analysts expect the rupee to remain range-bound with a negative bias due to West Asia uncertainties.
Finance Rupee Fall Pressures Trade Finance Costs as RBI Intervenes; Gold, US Assets Offer Hedge
The rupee's sharp depreciation amid the US-Iran conflict is increasing import costs and limiting RBI's policy room, affecting trade finance. Experts advise CFOs and treasury professionals to diversify into gold and international assets, while maintaining long-term investment discipline.
Finance Rupee opens at 95.35 against US dollar amid Middle East tensions and stronger greenback
The Indian rupee opened at 95.35 against the US dollar on Monday, down 17 paise from Friday's close of 95.18, as geopolitical tensions in the Middle East, a stronger dollar index at 95.33, and rising Brent crude oil prices to $96.28 per barrel weighed on market sentiment. Forex traders remain cautious, with the dollar's strength and US economic data in focus ahead of potential Fed rate decisions.
Trade Finance Rupee Rebounds 67 Paise to 95.18 vs USD as Oil Prices Slide on Iran Deal Specula
The Indian rupee rebounded sharply by 67 paise to close at 95.18 against the US dollar, driven by a slump in global oil prices amid renewed hopes of a nuclear deal with Iran. The development has direct implications for trade finance professionals, lowering import costs and easing pressure on letters of credit denominated in dollars.
Trade Finance Rupee Strengthens to 95.20 Against US Dollar on Middle East Peace Hopes
The Indian rupee strengthened to 95.20 against the US dollar, driven by hopes for peace in the Middle East, as reported by the TOI Business Desk. The movement has trade finance implications for importers and exporters.
Finance Rupee Strengthens as Oil Prices Fall and Inflow Expectations Rise
The Indian Rupee appreciated by 0.4% against the US dollar, closing at 95.35, driven by a 2% drop in Brent crude prices. Regulatory measures and inflow expectations are reducing the currency's weakening bias.
Trade Finance Rupee Strengthens to 95.41 Against US Dollar
The Indian rupee appreciated by 20 paise, reaching 95.41 against the US dollar. This currency movement could influence trade finance costs and availability.
Trade Finance RBI's Forex Risk Absorption to Boost Inflows by $50 Billion
The Reserve Bank of India (RBI) is set to absorb forex risks to attract overseas funds, potentially boosting inflows by $50 billion. This move involves no premium charges on FCNR(B) deposits and a 1.5% swap cost for external commercial borrowings, benefiting public sector undertakings.
Finance RBI's Strategic Moves to Bolster Rupee Amid $75 Billion Inflows
The Reserve Bank of India is implementing strategic measures to stabilize the rupee, potentially attracting up to $75 billion in capital inflows. These efforts include maintaining the repo rate at 5.25% and expanding the Fully Accessible Route for government securities.
Finance RBI's Strategic Moves to Boost Forex Reserves Amid US-Iran Tensions
The Reserve Bank of India has introduced five strategic measures to attract foreign capital and strengthen forex reserves amid the US-Iran conflict. These measures aim to mitigate the impact of rising crude oil prices on India's balance of payments.
Trade Pakistan Faces $35B Trade Deficit Amid PKR Pressure
Pakistan's trade deficit has reached $35 billion, raising concerns over economic stability as the PKR faces depreciation pressure. Despite a forex reserve increase to $17.2 billion, the trade imbalance and external debt obligations pose significant challenges.
Finance India's Forex Reserves Increase by $938 Million to $682.32 Billion
India's foreign exchange reserves rose by $938 million to $682.32 billion as of May 28, 2026, according to the Reserve Bank of India. This increase follows a previous decline and reflects changes in foreign currency assets and gold reserves.
Trade Rupee Declines Amid Tariff Concerns, Oil Price Surge
The Indian rupee fell 40 paise to 95.76 against the US dollar due to proposed US tariffs and rising oil prices. The USTR's additional duties on imports from India and other countries have heightened market concerns.
Commodities Coal Gasification Saves India Rs 28,000 Crore in Forex
India's coal gasification initiative has saved Rs 28,000 crore in foreign exchange by reducing reliance on imports of oil, methanol, and ammonia. The government plans to expand the program, aiming to convert 100 million tonnes of coal into syngas by 2030.
Trade Finance Rupee Decline Impacts Trade Finance Amid Rising Crude Prices
The Indian rupee fell 34 paise to 95.19 against the US dollar due to rising crude prices and geopolitical tensions. This depreciation affects trade finance costs, particularly for importers relying on Documentary Letters of Credit.