RUPEES TO USD
India growth resilient, markets near correction: HDFC Securities
India's economy is set for robust growth. Real GDP is projected at 6.5 percent for FY26-FY27. Nominal GDP will expand between 10 to 11 percent. Inflation is expected to ease to 4.5 percent. Fiscal deficit targets are set at 4.3 percent. Retail investor participation remains strong. Markets may be nearing the bottom of the current correction cycle.
MF Tracker: After a strong 7 year run, can this international fund maintain momentum?
Motilal Oswal Nasdaq 100 FOF has delivered exceptional returns, outperforming equity mutual funds over seven years, driven by US tech giants and a weakening rupee. However, experts caution against chasing sector-specific rallies, advocating for diversified domestic equity exposure for long-term wealth creation.
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.
'Show me the papers', bankers tell cos to guard against any FEMA violations fallout
Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not mandated this, but banks are taking extra precautions to avoid FEMA violations amid a dollar crunch.
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.
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.
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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.
Why stock market rose today? Sensex soars over 1,200 points, Nifty settles above 24,200. 5 key factors explained
Indian stock markets surged on Wednesday. The Sensex and Nifty saw substantial gains. Easing oil prices and renewed hopes for US-Iran peace talks boosted investor sentiment. Global markets also rallied. This positive momentum added significant value to the total market capitalization. Investors are advised to remain invested despite potential headwinds.
Wipro Q4 Preview: Profit may fall on margin pressures. Is buyback the only thing to cheer?
Wipro is expected to report steady revenue growth but weaker profitability in the March quarter, impacted by wage hikes, acquisition-related costs and subdued discretionary spending. Sequential growth remains muted despite acquisition support, while BFSI shows resilience, and healthcare remains weak. Investors will closely track margins, deal pipeline and AI outlook.
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.
India's strong fundamentals to cushion oil shock, growth may slow up to 80 bps: S&P Global Ratings
India's strong economic and financial foundations are expected to absorb a sustained oil price shock, though growth could dip by 80 basis points if crude hits $130/barrel in 2026. Corporate earnings and bank asset quality might weaken, but robust balance sheets and well-capitalized banks offer significant buffers against prolonged disruptions.
ETMarkets Smart Talk| Financials, consumer discretionary, metals to drive FY27 growth: Rahul Bhuskute
Despite a volatile start to FY27 driven by geopolitical risks, oil price swings, and rate uncertainty, the outlook for Indian equities remains positive. Rahul Bhuskute of Bharti AXA Life Insurance expects near-term volatility and range-bound markets, but sees sector-led opportunities in financials, consumer discretionary, and metals supporting growth.
OCI fees revised from April 1, 2026: How much you need to pay for new, reissued and duplicate cards
Effective April 1, 2026, the Bureau of Immigration has revised OCI service fees. Fresh applications now cost USD 275 abroad and Rs 15,000 within India. Re-issuance and duplicate cards also have updated charges. Payment methods vary based on application location. New passport holders must update OCI details within three months to avoid a $25 penalty.
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.
SP Group looks to defer Rs 14,300-cr bond payment
Shapoorji Pallonji Group is currently navigating a challenging landscape, requiring additional time to fulfill a significant bond repayment. Struggles with foreign exchange fluctuations and new, stringent hedging regulations are putting their plans on hold. They are in discussions with bondholders for a two-month extension while they actively pursue funding avenues, hoping to strike a deal in the near future.
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.
'West Asia war a good opportunity for energy reforms, lower costs for industry'
The West Asia conflict highlights India's energy vulnerabilities, presenting a prime chance for crucial sector reforms, according to Axis Bank Chief Economist Neelkanth Mishra. He stressed the need for correct energy pricing to fuel growth, noting industry faces the world's most expensive electricity. Mishra urged reforms to boost efficiency and prevent rupee depreciation, citing Japan's post-oil shock success.
FPIs extend sell-off in April; pull out Rs 48,213 crore from Indian stocks in 10 days
Foreign investors maintained their aggressive sell-off in Indian equities, withdrawing Rs 48,213 crore (USD 5.14 billion) in the first 10 days of April, as rising geopolitical tensions and global macroeconomic uncertainties reduced risk appetite.
Ceasefire sends dollar toward weekly drop with US-Iran talks in focus
Investors are shifting their focus as the dollar declines, buoyed by the resumption of oil shipping after a ceasefire in the Gulf alleviates war anxieties with Iran. This shift has sparked a sell-off in safe-haven assets, with the euro and sterling enjoying gains.
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.
RBI ups crude oil, exchange rate baseline assumptions for FY27
The Reserve Bank of India said it anticipated crude oil prices to average USD 85 per barrel and the Indian rupee to trade at 94 against the US dollar in FY27. These projections are part of the central bank's latest Monetary Policy report. The report also details past trends, including the rupee's significant depreciation in FY26 due to outflows and global factors.
RBI moves to curb rupee volatility after sharp FY26 slide
The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks' net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.
Crude oil prices may surge to $130-140 if West Asia War drags on, warns Kotak Securities
West Asia conflict is pushing oil prices up. Brent crude could reach USD 130-140 if the war continues. India's inflation is expected to rise, and GDP growth may slow. The Indian rupee faces pressure. A US recession is a possibility. Experts advise caution as markets await developments. A ceasefire could bring relief.
Crude at $70 in 2026? That may remain a distant dream
Crude oil prices are unlikely to fall below USD 70 this year and may settle between USD 80-85 per barrel in 2026. This forecast suggests ongoing global uncertainties will keep prices elevated. For India, this could mean slower GDP growth and inflation above 4.5 percent. The Reserve Bank of India's policy response will be crucial.
Rupee gains 33 paise to 92.85 against US dollar in early trade
The rupee strengthened by 33 paise to 92.85 against the US dollar following RBI's tightened rules to curb speculative positions. Despite this, global developments, including escalating US-Iran tensions and rising crude oil prices, continue to exert pressure on the domestic unit, creating volatility.
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade hedging. Corporates face challenges with payment delays and longer cargo movements due to global conflicts. Industry bodies are expected to formally raise these concerns with the RBI.
FPIs extend selloff in April; pull out Rs 19,837 crore in just 2 sessions
Foreign investors continued to exit Indian equities, withdrawing Rs 19,837 crore (USD 2.1 billion) in the first two trading sessions of April, weighed down by the West Asia conflict, rising crude oil prices, and persistent rupee depreciation.
Forex reserves drop by $10.29 billion to $688.06 billion as of March 27
India's foreign exchange reserves saw a significant decline. Reserves fell by over USD 10 billion in the week ending March 27. This drop follows a previous decrease and comes after reserves reached an all-time high in February. The Reserve Bank of India has been actively managing the market. Foreign currency assets and gold reserves contributed to the overall reduction.
Rupee logs biggest gain in 12 years
The Indian rupee saw a strong surge on Thursday, gaining nearly 1.8% against the dollar. This appreciation followed new regulations by the Reserve Bank of India aimed at curbing speculative trading. The currency reached its best single-day gain since September 2013. Traders anticipate the rupee to trade within a specific range next week as banks adjust their positions.
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