INR=X - USD/INR

CCY - CCY Delayed Price. Currency in INR
69.3130
0.0000 (0.0000%)
As of 11:42PM BST. Market open.
Stock chart is not supported by your current browser
Previous close69.313
Open69.313
Bid69.313
Day's range69.313 - 69.313
52-week range68.0500 - 74.9000
Ask69.364
  • New Pakistan central bank boss dismisses free floating rupee idea
    Reuters8 days ago

    New Pakistan central bank boss dismisses free floating rupee idea

    Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy. Baqir was last month appointed to lead the central bank in Pakistan, which has been hit by ballooning current and fiscal account deficits and repeated devaluations of the rupee. Pakistan's policy is a "market based exchange rate system" that follows supply and demand, but that will not be left completely to the market, Baqir said in his first press conference as State Bank of Pakistan (SBP) governor.

  • RBI imposes 20 million rupee fine on Kotak Mahindra Bank
    Reuters18 days ago

    RBI imposes 20 million rupee fine on Kotak Mahindra Bank

    The Reserve Bank of India (RBI) on Friday fined Kotak Mahindra Bank Ltd 20 million rupees ($288,525) for not furnishing details about the shareholdings of its majority stakeholders and its plans for complying with stake dilution norms. The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms. "RBI came to the conclusion that the bank had failed to comply with the directions issued by RBI and decided to impose monetary penalty on the bank," the Reserve Bank of India said in a statement.

  • Nifty, Sensex end lower after RBI cuts rates
    Reuters19 days ago

    Nifty, Sensex end lower after RBI cuts rates

    Indian shares ended lower on Thursday, after the central bank cut its benchmark interest rate by 25 basis points, while also changing its policy stance to "accommodative," in a widely expected move. The broader NSE Nifty fell 1.48% to 11,843.75, while the benchmark BSE Sensex ended 1.38% lower at 39,529.72, as the Reserve Bank of India (RBI) lowered the repo rate to 5.75% and cut the reverse repo rate to 5.5%. "When the GDP numbers were out, the market did not react negatively and instead started looking toward the rate cut, so the rally has already happened," said Vidya Bala, Head of Mutual Fund Research at FundsIndia.com.

  • Indian rupee outlook worsens on trade war, growth risks: Reuters poll
    Reuters19 days ago

    Indian rupee outlook worsens on trade war, growth risks: Reuters poll

    The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found. The currency moved only marginally against the dollar in May despite a steep fall in oil prices, the country's major import, and a landslide victory for Prime Minister Narendra Modi's Bharatiya Janata Party, something previous polls had said would be the best outcome for the rupee. Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.

  • Pakistan approves 20-billion rupee fund to support stock market
    Reuters26 days ago

    Pakistan approves 20-billion rupee fund to support stock market

    Pakistan on Thursday approved a 20-billion rupee ($134 million) fund to help boost its stock market after big losses over the past two years, the finance ministry said. Pakistan's stock market has been one of the world's worst performing over the past two years, with its benchmark 100-Share Index losing almost a third of its value since hitting an all-time high of 53,127 points in May 2017. The market has been hammered because of political instability and a weakening economy that has seen growth slump amid a blow-out of the fiscal and current account deficits, leading to a provisional agreement with the International Monetary Fund for a $6 billion bailout last month.

  • Rupee set for weekly gain after Modi's landslide election win
    Reuterslast month

    Rupee set for weekly gain after Modi's landslide election win

    The weaker oil prices helped currencies of major net importers of the commodity, such as India and Thailand, although moves in other parts of the region's emerging foreign exchange market were limited by concerns about the worsening Sino-U.S. trade war. In India, Modi's thumping win puts his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and reinforces a global trend of right-wing populists sweeping to victory. The rupee gained as much as 0.4% to touch a session high of 69.74 against the dollar, en route to a weekly gain of about 0.7%.

  • Reuterslast month

    EM ASIA FX-Indian rupee rallies as PM Modi set for second term

    * Early counting trends suggest massive mandate for ruling party * South Korean won scales one-week high * Indonesian rupiah recovers from previous session's losses (Adds text, updates prices) By Aby Jose Koilparambil May 23 (Reuters) - The Indian rupee gained as much as 0.4% on Thursday after early counting trends suggested a comfortable victory for Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition, setting the stage for his second term with a stronger mandate. Exit polls had predicted a clear win for Modi in the election held over April and May, and the initial counting leads came in line with those predictions. Most other Asian currencies drifted lower but fared better than regional equities markets as stability in the Chinese yuan helped stave off pressure from U.S.-China trade tensions.

  • Reuterslast month

    Pakistan rupee continues to slide, reaches another record low

    Pakistan's rupee reached a new record low on Monday, selling at 153 against the dollar in the interbank market to continue a slide that saw it lose more than 5% last week in the wake of a $6 billion loan accord with the International Monetary Fund. The IMF accord, which must still be approved, foresees a "market-determined" rate for the rupee. The State Bank of Pakistan, which lifted interest rates by 150 basis points on Monday to 12.25%, said it was watching the foreign exchange market closely and would act in the case of "unwarranted" volatility.

  • Indian rupee surges on exit polls showing easy win for ruling party
    Reuterslast month

    Indian rupee surges on exit polls showing easy win for ruling party

    Modi is likely to return to power with an even bigger majority in parliament after a mammoth election that ended on Sunday, the exit polls showed, a far better showing than expected in recent weeks. The rupee put on as much as 1.2% to 69.36 against the dollar, its best intraday percentage gain since Dec. 18. Rushabh Maru, currency and commodity analyst with Anand Rathi Shares and Stock Brokers, said most exit polls have projected a "thumping majority" for the ruling government.

  • Reuters2 months ago

    Politics to decide rupee's near-term fate: Reuters poll

    The outlook for India's rupee has deteriorated from just a month ago as the outcome of a more than month-long national election draws near, according to foreign exchange strategists polled by Reuters. It lost about 1 percent against the dollar last month due to a significant surge in fuel prices - India's largest import - and a strengthening U.S. currency. The Reserve Bank of India has also cut the main repo rate twice in the run-up to the election, putting it at 6.0 percent, 50 basis points lower than where it was at the start of the year.

  • Reuters2 months ago

    Sri Lanka rupee falls for 6th session; stocks snap 5-day losing streak

    The Sri Lankan rupee fell for the sixth consecutive session on Thursday on dollar demand from banks amid security alerts on possible further attacks after the Easter Sunday bombings. ** Sri Lankan officials said on Tuesday security forces were maintaining a high level of alert after intelligence reports that Islamist militants were planning fresh attacks before the start of Muslim holy month of Ramadan. ** The U.S. ambassador to Sri Lanka said on Tuesday that some of the Islamist militants behind the Easter Sunday bombings that killed more than 250 people were likely still at large and could be planning more attacks.

  • Reuters2 months ago

    Sri Lanka rupee extends losses on security alerts; stocks up in dull trade

    The Sri Lankan rupee closed weaker for the fifth consecutive session on Tuesday, as security alerts on possible further attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fifth day after hitting a more than six-year closing low last week. ** Sri Lankan officials said on Tuesday security forces were maintaining a high level of alert after intelligence reports that Islamist militants were planning fresh attacks before the start of Muslim holy month of Ramadan. ** The U.S. ambassador to Sri Lanka said on Tuesday that some of the Islamist militants behind the Easter Sunday bombings that killed more than 250 people were likely still at large and could be planning more attacks.

  • Reuters2 months ago

    EM ASIA FX-Korean won slips to 2-year low; rupee and peso gain

    * S. Korean won weakest in more than 2 years * Peso on track to be best monthly performer * Rupee touches strongest level in a week (Adds text, updates prices) By Aby Jose Koilparambil April 30 (Reuters) ...

  • Reuters2 months ago

    Sri Lanka rupee extends falls on fears of more attacks; stocks up in dull trade

    The Sri Lankan rupee closed weaker for the fourth consecutive session on Monday, as worries about more attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fourth day after hitting a more than six-year closing low last week. ** Sri Lankan security officials have warned that Islamist militants behind Easter Sunday's suicide bombings are planning attacks and could be dressed in uniform, as the archbishop of Colombo complained about insufficient security around churches. ** Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people.

  • Reuters2 months ago

    Sri Lanka rupee falls for third session on fears after attacks

    The Sri Lankan rupee closed 0.2 percent weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the week. ** Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripala Sirisena said on Friday. ** Analysts fear it could weaken further due to outflows from stocks and government securities.

  • Reuters2 months ago

    Sri Lanka rupee falls on fears of more attacks; stocks edge up

    The Sri Lankan rupee closed 0.1 percent weaker on Thursday as a bomb scare after the Easter Sunday attacks weighed on the currency, while stocks edged up for the second straight session after hitting a more than six-year low. ** Sri Lankan authorities locked down the central bank and shut the road leading to the jittery capital's airport as more people were swept up in the search for those behind the bombings that killed 359. ** The currency ended at 175.00/50 to a dollar, 0.1 percent weaker than Wednesday's close of 174.90/20, Refinitiv data showed.

  • Rupee bulls dig in as investors grapple with elections across Asia: Reuters poll
    Reuters2 months ago

    Rupee bulls dig in as investors grapple with elections across Asia: Reuters poll

    Foreign investors have ploughed billions of dollars into India ahead of an election process spread over seven phases and ending only toward the end of next month with nearly 900 million people eligible to vote. The prospect that Prime Minister Narendra Modi and his party will manage to just about win a parliamentary majority has sparked net inflows of over $8 billion into equities so far this year as of April 9.

  • Reuters3 months ago

    EM ASIA FX-Most subdued; Rupee slips ahead of RBI rate decision

    * Indian rupee snaps three sessions of gains * Thai baht weaker as consumer confidence declines * Yuan retreats from Wednesday's gains (Adds details, updates prices) By Ambar Warrick April 4 (Reuters) ...

  • Politics and policy easing to hurt Indian rupee: Reuters poll
    Reuters3 months ago

    Politics and policy easing to hurt Indian rupee: Reuters poll

    India's rupee is expected to reverse recent gains and weaken over the coming year, hurt by monetary policy easing, but the outcome of the national election is also likely to be key driver of its direction, a Reuters poll found. The rupee was the worst performing Asian currency last year but gained over 2 percent in March despite the Reserve Bank of India easing policy in February and expectations for it to do so again later on Thursday. In the latest survey of nearly 50 strategists, taken April 1-3, the rupee was forecast to weaken about 3 percent over the next year to 70.38 per dollar from around 68.45 on Wednesday.

  • RBI to hold second round of dollar-rupee swap auction
    Reuters3 months ago

    RBI to hold second round of dollar-rupee swap auction

    The new swap auction tool is meant to provide the central bank greater flexibility in managing banking system cash, while helping soak up any potential large dollar inflows that could make the rupee rise sharply. This comes shortly after the RBI said last month it will conduct a dollar-rupee buy-sell swap auction of $5 billion for a tenure of three years on March 26, the first such market sale by the central bank to mop up dollars and pump in rupees. In 2013, then central bank governor Raghuram Rajan announced a similar forex deposit swap arrangement at a subsidised market rate to attract dollars and prevent the rupee's free fall during India's worst currency crisis since 1990s.

  • RBI sets high cut-off premium at debut dollar/rupee swap auction
    Reuters3 months ago

    RBI sets high cut-off premium at debut dollar/rupee swap auction

    The Reserve Bank of India on Tuesday set 7.76 rupees premium for its first dollar/rupee three-year buy-sell swap auction and accepted the entire planned $5 billion on sale. In the inter-bank cross-currency swap, 3-year dollar/rupee swaps were quoted at 7.7 rupees per dollar on Tuesday, implying an annualised cost of 3.7 percent to swap rupees for dollars. The cut-off premium of 7.76 rupees translates into an annualised 3.75 percent, which is higher than the market rate, dealers said.

  • India's rupee has surged more than 3 percent. But that's unlikely to last, experts say
    CNBC3 months ago

    India's rupee has surged more than 3 percent. But that's unlikely to last, experts say

    The Indian rupee, one of Asia's worst performing currencies last year, surged more than 3 percent since February, on the back of election hopes. But experts say this "relief rally" could be short-lived.