Forex traders watch U.S. election impact on markets as rupee hits record low against dollar, with RBI intervention expected

Rupee recovers slightly against U.S. dollar amid election uncertainty, FII outflows, and volatile global markets

The U.S. Fed is expected to announce a rate cut in a meeting scheduled later this week, with further easing of up to 100 basis points projected for 2025

Forex traders said RBI interventions will keep the USD/INR pair between 83.80 and 84.35. Moreover, the U.S. Federal Reserve monetary policy and officials' comments will be in focus to derive further momentum

The rupee touched fresh record lows again on the back of weak domestic equities and sustained FII outflows

India should be careful about Chinese investment

Berlin ; New York : Springer, [2006]

Forex traders said the US Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape.

Forex traders said the U.S. Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows

The rupee hits new lifetime low of 84.39 against USD, weighed down by foreign fund outflows and equities

Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside

A SBI research report on November 11, 2024 said that the rupee may depreciate 8-10% against the US dollar during the Trump 2.0 regime.

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The market now awaits US Fed meeting minutes, CPI data, and the RBI policy decision, which could impact the rupee and gold prices

According to exchange data, FIIs were net buyers in the capital markets as they purchased shares worth ₹404.42 crore on September 23

Rupee opens flat against U.S. dollar, influenced by foreign fund outflows, strong dollar, and domestic equity trends

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Meanwhile, the dollar index gained 0.16 per cent to 102.85 points

At the interbank foreign exchange market, the local unit opened at 83.86 but soon pared the gains to trade at 83.92, unchanged from its previous close

Rupee weighed down by a firm dollar, geopolitical tensions in West Asia

Meanwhile, the dollar index was trading 0.03 per cent lower at 103.17

Market players eye release of domestic macroeconomic data

Meanwhile, the dollar index was trading 0.06 per cent higher at 103.19

Forex traders say a mixed-to-positive tone in the domestic market also supported rupee

Forex traders said the weakening of the American currency in the overseas market and retreating crude oil prices also supported investor sentiments

At the interbank foreign exchange, the rupee opened at 83.86 against the greenback and traded in the range of 83.76 to 83.88

Meanwhile, the dollar index was trading marginally higher by 0.02 per cent to 101.31

Heavy demand for dollars weighs on rupee

Meanwhile, the dollar index was down 0.15 per cent to 101.35 point

At the interbank foreign exchange market, the local unit opened at 83.83 and then gained ground and touched 83.80, registering a rise of 10 paise from its previous close

Meanwhile, the dollar index was trading 0.07 per cent higher at 100.78

At the interbank foreign exchange market, the local unit opened at 83.91, then lost further ground and touched 83.95, registering a loss of 8 paise from its previous close

Meanwhile, the dollar index was trading 0.05 per cent lower at 100.79

Meanwhile, the dollar index was up 0.03 per cent to 101.37 points