INR=X - USD/INR

CCY - CCY Delayed Price. Currency in INR
73.80
+0.20 (+0.27%)
As of 1:23PM BST. Market open.
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Previous close73.599
Open73.6
Bid73.8
Day's range73.6 - 74.065
52-week range63.2100 - 74.9000
Ask73.85
  • Reuters6 hours ago

    EM ASIA FX-Rupee slides, Rupiah optimistic after trade surplus

    (Repeats with no changes to text) * EM Asia weighed by strong dollar sentiment * Rupee slides on strong oil prices * Rupiah checks losses on Sept trade surplus By Sumeet Gaikwad Oct 15 (Reuters) - Most ...

  • India's passenger vehicle sales hurt by higher fuel costs, weaker rupee
    Reuters3 days ago

    India's passenger vehicle sales hurt by higher fuel costs, weaker rupee

    India's domestic passenger vehicle sales fell 5.6 percent in September from a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Friday, with demand hurt by rising fuel prices and interest rates. Rising crude oil prices, higher interest rates and a much weaker rupee that has lifted prices of imported vehicles, are weighing on consumer sentiment.

  • Reuters3 days ago

    Emami Cement files for up to 10 billion rupees IPO

    (Reuters) - India's Emami Cement Ltd has filed for an initial public offering of shares worth up to 10 billion rupees ($135.94 million), it said in a filing on Friday.

  • No rebound for India's reeling rupee seen likely in coming year: Reuters poll
    Reuters5 days ago

    No rebound for India's reeling rupee seen likely in coming year: Reuters poll

    India's battered rupee is expected to stay that way for a while, trading near recent record lows over the coming year even as the Reserve Bank of India is forecast to raise rates in December and once more in 2019, Reuters polling found. The rupee has hit repeated record lows against the dollar this year in its worst run since the financial crisis. While just two weeks ago a majority of economists polled by Reuters predicted the Reserve Bank of India (RBI) would hike interest rates on Oct 5, the central bank surprised by keeping its policy unchanged and said it was not targeting any currency level.

  • Rupee, bonds gain in early trade; seen rangebound
    Reuters5 days ago

    Rupee, bonds gain in early trade; seen rangebound

    The rupee gained on Wednesday, recovering from a record low hit at the end of the previous session, as gains in other Asian peers and stronger domestic shares helped sentiment, while the announcement of the first open market bond purchase for October aided bonds. India is considering tapping its citizens abroad to prop up the rupee, Bloomberg reported late on Tuesday, which also helped rupee sentiment.

  • Rupee hits record low of 74.28 per dollar
    Reuters6 days ago

    Rupee hits record low of 74.28 per dollar

    Traders said there was also some importer demand seen in afternoon trade, but intermittent dollar selling by the central bank is likely to prevent a steep fall in the unit. Sentiment has also been weaker after the central bank held rates steady in a surprise move on Friday and pushed the rupee to its previous record low of 74.23.

  • India surprises by leaving policy rate unchanged, rupee tumbles
    Reuters10 days ago

    India surprises by leaving policy rate unchanged, rupee tumbles

    The Reserve Bank of India held interest rates unchanged on Friday, condemning the rupee to a record low and surprising analysts who had expected a rate rise to counter inflationary pressures arising from the weak currency and high oil prices. The RBI's monetary policy committee (MPC) left the repo rate at 6.50 percent, though 35 out of 64 analysts surveyed by Reuters last week had forecast a rate hike. The MPC also held the reverse repo rate at 6.25 percent.

  • RBI says it's not targeting any rupee level
    Reuters10 days ago

    RBI says it's not targeting any rupee level

    The Reserve Bank of India (RBI) said on Friday it has been trying to ensure the foreign exchange market remains liquid and is not targeting any particular level. "The RBI's response to these unsettled conditions has been to ensure the foreign exchange market remains liquid with no undue volatility," the central bank's governor, Urjit Patel, said after monetary policy meeting.

  • RBI seen raising rates again as rupee slide accelerates
    Reuters11 days ago

    RBI seen raising rates again as rupee slide accelerates

    The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples with a weakening rupee, surging oil prices and market instability sparked by a major non-bank finance firm's defaults. Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged. Rising U.S. interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit are also expected to make the central bank act.

  • Pakistan's rupee under pressure amid regional currency turmoil
    Reuters12 days ago

    Pakistan's rupee under pressure amid regional currency turmoil

    Emerging markets currency turmoil and higher oil prices are putting increasing pressure on Pakistan's central bank to devalue the rupee for a fifth time in a year, analysts said on Wednesday. The rupee is down 20 percent since December as dwindling foreign currency reserves paired with a widening current account deficit prompted successive devaluations by the State Bank of Pakistan. The central bank aggressively hiked its policy interest rates by 100 basis points to 8.5 percent last week, but that won't be enough to prevent another depreciation, research agency Fitch Solutions said in an investors note.

  • Reuters12 days ago

    Rupee recovers after report of talks on special dollar window for oil firms

    MUMBAI (Reuters) - The rupee recovered sharply from record low levels on Wednesday after NewsRise reported that the government was in talks with the central bank for a special dollar swap window with some state-run fuel retailers.

  • Reuters12 days ago

    EM ASIA FX-Rupee hits record low, Bank Indonesia supports rupiah as oil prices weigh

    * EM Asia trades flat on a dearth of cues * Indian rupee breaches 73 to the dollar * Further rupiah weakening spurs Central Bank intervention (Adds details on rupee, context, updates prices) By Ambar Warrick ...

  • India's rupee sinks to record lows. Its central bank isn't expected to save it
    CNBC12 days ago

    India's rupee sinks to record lows. Its central bank isn't expected to save it

    The record weakening of the rupee this year is unlikely to slow — even if India's central bank hikes its rate this week, experts say.

  • Shadow banking crisis may push India's central bank to leave the rupee stranded
    CNBC13 days ago

    Shadow banking crisis may push India's central bank to leave the rupee stranded

    India's central bank is widely expected to hike interest rates this week to shore up the troubled rupee. But an ongoing crisis in the shadow banking space could instead see the Reserve Bank of India opting to keep monetary policy unchanged.

  • India to borrow gross 2.47 trillion rupees during October-March: official
    Reuters17 days ago

    India to borrow gross 2.47 trillion rupees during October-March: official

    NEW DELHI (Reuters) - India will borrow gross 2.47 trillion rupees ($34.08 billion) from the market between October and March through dated securities, lower than budgeted estimates, Economic Affairs Secretary Subhash Chandra Garg said on Friday.

  • India could introduce more import curbs: finance ministry source
    Reuters18 days ago

    India could introduce more import curbs: finance ministry source

    NEW DELHI (Reuters) - India will soon announce steps to boost exports, while not ruling out further import curbs, a senior finance ministry source said on Thursday.

  • Reuters18 days ago

    India's soymeal exports to jump on Chinese demand, weak rupee -trade body

    India's soymeal exports in 2018/19 could jump as much as 70 percent from a year ago, buoyed by expected purchases from the world's biggest soybean buyer China, industry officials told Reuters on Thursday. A depreciation in the rupee and a jump in soybean output will help India gain market share in China, which is looking for new suppliers after imposing tariffs on key U.S. farm commodities as part of a Sino-U.S. trade row, they said. "China's market is huge.

  • India raises import tariffs on 19 items in bid to stem rupee slide
    Reuters19 days ago

    India raises import tariffs on 19 items in bid to stem rupee slide

    India said on Wednesday it is raising import tariffs on 19 "non-essential items," marking a further tilt toward protectionism as it tries to reduce its widening current account deficit and tackle a sharp slide in the rupee. The new tariff structure, which goes into effect Thursday, will see the government raise customs duties on items such as air conditioners, refrigerators, footwear, speakers, luggage and aviation turbine fuel, among other items.

  • FX Empire21 days ago

    Indian Rupee Falls Steeply Following Oil Rally; Markets Prepare for Fed Meeting

    The resumption in concerns around trade uncertainties, the upcoming Federal Reserve policy meeting and general political risk element that continues to guide investor sentiment have led emerging market currencies within the Asian region to start the week on the back foot

  • Reuters25 days ago

    India sets dollar exchange rate at 73.65 rupees for import tax calculation

    NEW DELHI (Reuters) - India has set the dollar exchange rate at 73.65 rupees for import tax calculations effective Sept. 21, compared with 72.55 rupees a fortnight ago, according to a finance ministry statement on Thursday.

  • India set to pay for Iranian oil using rupees from November: sources
    Reuters25 days ago

    India set to pay for Iranian oil using rupees from November: sources

    India will settle payments for Iranian oil using rupees through local banks starting in November as U.S. sanctions will make it difficult to settle trades through European banks, two industry sources said on Thursday. In May, U.S. President Donald Trump withdrew from a 2015 nuclear accord with Iran and ordered the renewal of U.S. sanctions. Some sanctions took effect from Aug. 6 while those affecting the oil and banking sectors will start from Nov. 4.

  • JP Morgan: The rupee has plunged, but India's economy still has an upside
    CNBC25 days ago

    JP Morgan: The rupee has plunged, but India's economy still has an upside

    The weak currency is boosting India's export competitiveness and consumption is strong, says Kalpana Morparia, CEO of J.P. Morgan's South and South East Asia business at the India Investor Summit.

  • India considers dollar window for oil firms, bonds to ease rupee pressure: source
    Reuters26 days ago

    India considers dollar window for oil firms, bonds to ease rupee pressure: source

    India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee. As an "extreme" measure, the government could also look at raising dollars by tapping expatriates to invest in bonds for non-resident Indians, said the source who has direct knowledge of the deliberations over the currency's fall. The rupee is Asia's worst performing currency this year.

  • Reuters26 days ago

    India's struggle to defend rupee shifts focus to rate hikes

    Investors have increased bets that India's central bank will need to raise interest rates at least two more times this year to shore up the battered rupee after previous efforts to defend the currency failed to sway markets. The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency. At the same time, the failure to stem the rupee's slide using central bank intervention and other means over the past month has shifted investor focus to the need for interest rate hikes to do the job.

  • Reuters27 days ago

    India's NALCO plans to invest 55.2 billion rupees in Odisha

    India's National Aluminium Co. Ltd. plans to invest 55.2 billion rupees ($756.4 million) in the eastern state of Odisha to expand capacity, a government statement said on Tuesday. The company plans to manufacture aluminium products and a proposal has been sent to a panel headed by the state's chief minister for approval, the statement added.