RUPEE
Why is stock market rising today? Sensex jumps 400 points, Nifty above 24,450. 4 key factors explained
Indian markets reversed early losses to trade higher, supported by a stronger rupee, continued FII buying and oil prices staying below $100 per barrel. Benchmark indices Sensex and Nifty gained around 0.5%, while broader markets also moved into positive territory led by PSU banks and midcap stocks.
Market, rupee fortunes may prove fickle amid Iran flareup
Markets brace for renewed turmoil as Iran closes the Strait of Hormuz, sending oil prices soaring. This sharp reversal follows Friday's optimism after the maritime channel's opening. Stocks and the rupee face challenges, with the rupee expected to weaken against the dollar due to rising crude prices.
Protest erupts in Nepal against taxation on imports above 100 rupees from India
Protests have erupted in Birgunj, Nepal, against a new government directive taxing all imports from India exceeding NRS 100. This strict enforcement, aimed at curbing revenue leakage and supporting local markets, has led to widespread crackdowns at border points and significant dissatisfaction among residents who rely on cross-border purchases for daily essentials.
Every rupee saved in supply chain costs goes back to customers: Zepto's Aadit Palicha at YC Startup School
Zepto aims to be India's top grocery delivery platform in the next four to five years. Cofounder Aadit Palicha believes this success could position Zepto as India's own Amazon. The company is preparing for a significant IPO, engaging with investors. Palicha highlighted the importance of early focus and operational efficiency in their growth strategy.
Can Sensex, Nifty extend gains on Monday? Oil prices, 5 factors to guide Dalal Street this week
Indian stock markets are poised for a strong opening, extending Friday's gains as GIFT Nifty surged. Optimism surrounding a potential resolution to the Iran-US conflict and falling oil prices are boosting sentiment. Major bank earnings and a strengthening rupee also provide support, with FIIs showing consistent buying interest.
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Indian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, aiming for better supplier prices. Simultaneously, there is a strong push towards sourcing more goods locally. This strategy helps reduce dependence on imported items and manage rising costs. These efforts are crucial for businesses facing currency pressures.
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Bullish momentum continues, but analysts warn of near-term resistance
Indian stock markets rallied for a second week, driven by hopes of peace in West Asia and a strengthening rupee. Easing geopolitical tensions and falling oil prices boosted investor confidence, leading to gains across major indices. While the market shows positive momentum, analysts caution about potential resistance and short-term pullbacks.
RBI’s oil forex window set to fuel rupee recovery
The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, likely routed through state-run lenders, aims to reduce the significant daily dollar demand from oil companies. Analysts expect this intervention to lead to rupee appreciation.
Rupee ends stronger, trims underperformance versus Asia FX on RBI measures
The Indian rupee rose on Friday following a Reuters report of a central bank step to curb state-run oil companies' dollar demand, adding to measures that have narrowed the currency's underperformance over the last fortnight.
India's first maritime-focused lender eyes $1 bln FY27 fundraise
Sagarmala Finance Corp. will raise 100 billion rupees in FY27. This funding will support ports, shipbuilding, and waterways. The company will borrow through bonds, term loans, and foreign currency. Sagarmala aims to disburse up to 90 billion rupees in loans by March 2027. It also seeks government equity infusion to support its growth.
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
Foreign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related earnings concerns, is impacting Indian bonds and equities. Overseas investors have sold Indian government debt and shares. Lingering currency stability worries and high oil prices are dampening sentiment.
Rupee touches one-week high on report of RBI plan to ease oil refiners' dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.
RBI asks state oil refiners to curb spot dollar buying, sources say
India's central bank is taking action to support the rupee. State-run oil refiners are being asked to use a special credit line for dollar needs instead of buying on the spot market. This move aims to reduce pressure on the Indian currency. The Reserve Bank of India is employing measures similar to those used during the Ukraine war.
EXIM Bank says repayments unaffected by West Asia conflict
EXIM Bank of India reports no impact on client repayments from the Middle East conflict. Indian companies in the region, primarily in construction, may see business affected. While current repayments are strong, prolonged conflict could pose challenges. Project awards and execution timelines might be impacted. However, reconstruction efforts could bring future opportunities. Rupee depreciation benefits EXIM Bank's balance sheet.
Rupee edges higher as optimism over Iran peace deal firms
The Indian rupee closed slightly stronger on Thursday on growing optimism over a potential deal to end the Iran war, which kept oil prices below $100 a barrel and lifted global equities to record highs.
Volatility expectations, hedging costs ease as Mideast hopes bolster RBI's rupee steps
Positive developments in U.S.-Iran peace talks and the Reserve Bank of India's recent measures are easing pressure on the Indian rupee. Hedging costs and volatility expectations have significantly dropped, indicating reduced market anxiety. While the rupee has recovered from its recent low, sustained improvement hinges on trade and investment flows amidst a widening current account deficit and capital flow weakness.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.
Indian rupee ends flat as importer dollar bids wipe boost from oil retreat
The Indian rupee closed nearly unchanged on Wednesday, wedged between comfort from a decline in crude oil prices and persistent dollar demand from local importers, including oil marketing companies.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
India's 30-year economic model is over; time to pivot from IT to manufacturing: Saurabh Mukherjea
Saurabh Mukherjea believes India's long-standing economic model is concluding. He anticipates rising inflation and a weakening rupee impacting consumer spending. Interest rate hikes are also expected, posing challenges for lenders. The focus is shifting towards manufacturing exports, benefiting from global trends. This transition presents new investment opportunities in specific export-oriented sectors.
Indian rupee gains, hedging costs dip as oil price cool-off offers relief
A drop in oil prices boosted the rupee and reduced hedging costs, easing pressure on importers and improving currency sentiment.
Rupee gains 20 paise to 93.15 against US dollar in early trade
The Indian rupee strengthened by 20 paise to 93.15 against the US dollar in early trade, supported by positive domestic equities and easing global pressures.
Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports
The Indian rupee endured its steepest fall in two weeks on Monday, as oil prices climbed past $100 per barrel, while supportive dollar flows for the currency, spurred by banks' unwinding of arbitrage positions, dissipated.
Rupee plunges 49 paise to 93.32 against US dollar in early trade
The Indian Rupee weakened significantly against the US Dollar today. Higher crude oil prices and global geopolitical tensions are impacting the currency. Investors are withdrawing funds from domestic stock markets. This situation follows a recent drop in the Rupee's value. The US has announced a blockade of Iranian ports, further affecting oil prices and global trade.
Global banks play hedge card after RBI blow on rupee bets
Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI's rupee speculation clampdown, as hedges for capital from overseas parents. This move aims to circumvent the $100 million net open position limit imposed by the regulator. The RBI may scrutinize these reclassifications based on timelines and documentation.
The rupee’s swing: When currency becomes the deal maker or breaker
Rupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Elevated hedging costs and FX uncertainty are reshaping pricing, deal structures, and timelines, with investors favouring export-linked assets and natural hedges.
India to push for reporting of offshore rupee trades despite resistance: Report
India plans to move ahead with a proposal mandating that banks report offshore rupee derivative trades despite objections from lenders, two sources familiar with the matter said, in an attempt to bring transparency to a market that has amplified pressure on the currency.
Rupee falls 22 paise, up for second week as US-Iran ceasefire boosts sentiment
The Indian rupee closed out a second consecutive week of gains against the dollar, a feat it last achieved six months ago, supported by flows from the unwinding of residual arbitrage positions, as well as a plunge in crude oil prices after a short-term ceasefire between U.S. and Iran.
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources say
Banks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India's $100 million net open position limit. These measures, aimed at curbing FX market volatility, were implemented by April 10. Market participants estimate around $40 billion in arbitrage positions have been unwound, with recent price action indicating the completion of these exits.
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