INDIAN CURRENCY AUCTION
Rupee depreciation: What are the implications for commodities and Indian economy?
The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.
Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter
The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall. Rising inflation concerns are prompting analysts to anticipate a Reserve Bank of India rate hike, though economists expect rates to remain steady. The RBI is exploring measures to boost dollar inflows.
RBI's $5 billion FX swap subscribed nearly twice over
The swap comes at a time when the central bank continues to defend a rapidly weakening rupee by selling dollars from forex reserves. Such a move can remove rupee liquidity from the country's banking system and can push up interest rates.
Weakening currency: RBI weighs measures including rate hike to stabilise rupee
The Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency swaps, and raising dollars from overseas investors through deposit schemes and sovereign bonds. Policymakers recognize the rupee's rapid depreciation and are prioritizing its stabilization.
Indian bonds end volatile session lower as rate hike bets rise
Indian bonds experienced a downturn as reports surfaced of the Reserve Bank of India considering interest rate hikes to bolster the rupee. This potential policy tightening overshadowed softer oil prices and liquidity measures. The rupee's recent slide, exacerbated by Middle East tensions, has prompted government action, with economists anticipating rate increases as early as June due to inflation concerns.
RBI mulls all options, including rate hike, as rupee slumps
The Reserve Bank of India is exploring all avenues to steady the rupee. Options include raising interest rates and currency swaps. Officials are meeting to discuss actions after the rupee hit a new low. Measures mirror those from 2013. The central bank aims to stop depreciation and is ready to act.
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India bonds reverse gains as report RBI mulling rate hike outweighs external support
Indian government bonds reversed early gains as reports emerged that the central bank is considering a rate hike to curb the rupee's sharp decline. The benchmark bond yield surged following the news, overshadowing positive global cues like falling oil prices and progress in US-Iran negotiations. Overnight index swap rates also jumped on the rate hike speculation.
Sensex gains 560 points, Nifty above 23,800. Key factors behind today's Dalal Street rally
Indian stock markets surged in early trading, with Sensex and Nifty extending gains for a second day. A stronger rupee, falling bond yields, and positive investor sentiment fueled the rally. Broader markets and most sectoral indices also saw significant upticks, indicating a 'buy on dips' trend.
Indian bonds retreat after previous rally; focus on debt sale, US-Iran peace talks
Indian bonds eased after recent gains as upcoming debt auctions and evolving US-Iran peace talks kept investors cautious, leading to a rise in yields.
Falling trust in America is a Pandora’s box for the global economy
The TACO trade, a bet on Trump backing down from market-rattling actions, seems outdated as his Iran war and global policy shifts create unpredictability. Despite this, capital still flows to the US, drawn by its markets and the AI revolution, even as allies hedge their bets.
India bonds slide as oil jumps with Iran truce in jeopardy
Indian government bonds fell on Thursday, with the 10-year reversing nearly half of its biggest rally in four years, as oil rose on doubts over the U.S.-Iran ceasefire and shipping disruptions through the Strait of Hormuz.
Little respite for rupee, RBI prevents 91 breach
The Indian rupee closed at 90.95/$1 on Tuesday, pressured by maturing non-deliverable forwards and equity sales. The Reserve Bank of India intervened to prevent the currency from breaching the 91/$1 mark. A stronger dollar index and rising crude oil prices also contributed to the rupee's weakness.
Rupee blazes on vs greenback; strengthens for 4th straight day on global weakness in USD
The partially convertible rupee settled at 75.2350 per US dollar as against 75.55/$1 at the previous close. The Indian currency, which opened at 75.4600 per US dollar, travelled in a band of 75.2200-75.4600/$1 in the course of the day.
Rupee stages smart rebound, settles above 76 per dollar
The partially convertible rupee settled at 75.9050 per US dollar as against 76.0850 at previous close. The Indian currency, which had opened at 76.1400 per dollar, travelled in a band of 75.8300-76.1575 against the greenback in the course of the day.
It’s advantage dollar, as currencies swing to the tune of central bank policies
The dollar got some modest support against the rupee in the wake of strong buying by importers. However, the dollar flow momentum is not yet over. The rupee still remains the favourite carry trade counter in the EM basket, despite any possible outflows that can arise due to the concerns over the Delta variant.
Rare banknotes, stamps: Astaguru’s next auction is a collector’s special
Astaguru’s upcoming Numismatic & Philatelic auction is slated to take place on October 30 and 31.
History at auction: When coins are worth a fortune
At the Mumbai Coin Society Annual Fair in September, the mohurs from across history are expected to demand a heavy price.
Numismatists coin a new phase in valuable collections
Prices of rare and antique coins and notes have surged manifold over the past few years and have made them a worthwhile investment
Rare and antique coins become new investment as their prices surge
Prices of rare and antique currencies, both coins and notes, have surged manifold over the past few years.
Christie’s first Indian auction is a huge success; do it again
The gamble of the auction house to hold the event in Mumbai to attract more India-based art buyers paid off in spades.
Christie’s upcoming auction featuring masterpieces by Rabindranath Tagore, MF Husain may fetch $10 million
Global auction house Christie’s has put sale tags on ‘national art treasures’ by six modern Indian artists, that can fetch a couple of crores each.
Sovereign wealth funds lap up permits to buy bonds
SEBI received bids for Rs34,984 crore of corporate bonds where the auctioned amount was Rs 26,925 crore.
FII inflows lift Rupee by 1.4 percent to 51.46 vs dollar
The six major central banks' decision to slash overnight dollar swap rates by 50 basis points, to ease dollar liquidity in the international markets.
Foreign investors scramble to buy Indian Bonds
FIIs bid 32% more than the $10 billion debt offered for auction, raising hopes of reprieve for sliding rupee.
Bond yields rises ahead of auction
Government bond yields rose on Monday, ahead of Friday's Rs 12,000 cr bond auction.
Tobacco exports post 39% growth
India's tobacco exports the third-largest in the world surged by about 39% to reach Rs 2,561 crore in the first 10 months of this fiscal on a sharp rise in price realisation and a weakening rupee.
Indian swap rates steady as fresh issuances awaited
Indian overnight indexed rates were steady on Wednesday, as traders stayed on the sidelines on concerns fresh bond issuances this week will drain cash from the banking system.
Rupee weakens on RBI intervention
Just a day after the Indian rupee had breached the psychological 40-mark versus the dollar, intervention from the central bank caused the local currency to end weaker.
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