USD INR FORECAST
Rupee to average around 96/USD in FY27; risks from oil, dollar persist: Motilal Oswal
The Indian rupee is projected to average around 96 against the US dollar in FY27. However, this outlook faces potential challenges including dollar strength and crude oil price fluctuations. Despite a widening trade deficit, strong capital inflows and RBI intervention are expected to prevent a sharp depreciation.
R Gandhi calls RBI policy 'on expected lines', sees no immediate rate hike risks
The Reserve Bank of India has maintained its neutral policy stance and kept interest rates steady. The central bank has adjusted its forecasts for economic growth and inflation. New measures are in place to encourage foreign investment. These steps aim to stabilize the Indian Rupee. Experts believe these decisions align with market expectations.
MPC Forex Level: India’s forex reserves remain healthy at $682.3 billion, says RBI Governor Sanjay Malhotra
India's foreign exchange reserves are strong at $682.3 billion. The Reserve Bank of India has used these reserves to stabilize the rupee. Despite recent declines, reserves remain sufficient for imports and external debt. Policy reforms and trade agreements are expected to boost the economy. India is well-positioned to handle global economic challenges.
Rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec says
The Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic assets. Despite authorities' protective measures and calls for a rate hike, BofA Securities anticipates gradual increases later in the year. Foreign investors have significantly withdrawn funds, adding to currency pressure.
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print
India’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route for imports. The crisis comes just as India faces a below-normal monsoon forecast, with the IMD projecting rainfall at 90% of the long-term average and a 92% probability of El Niño conditions, raising concerns over crop output and food inflation.
FII exodus, crude shock, and Rupee under pressure: Deepak Shenoy breaks down India's market storm
Indian stock markets are facing tough times due to global economic factors. Deepak Shenoy of Capitalmind MF advises investors to look beyond immediate market swings. He highlights that while foreign investors are pulling money out, domestic flows are providing support. Shenoy suggests focusing on sectors like Pharma for defensive plays.
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Rupee hits record low of 96.18 vs USD as rising yields add to oil shock
The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have weakened investor confidence. This marks the rupee's fifth consecutive session of record lows, making it Asia's worst-performing currency this year.
Rupee seen testing record lows; bonds to extend fall on Iran war jitters
The Indian rupee is poised to hit record lows as investors grapple with growth-inflation risks stemming from the Iran war. Rising Brent crude prices are fueling global inflation concerns, prompting expectations of monetary tightening. India's policymakers are implementing measures to support the rupee and manage balance of payments pressures, while bond yields are expected to extend their decline.
Indian rupee hits record low as outflows, oil strain worsen rout
The energy shock from the prolonged U.S.-Iran war that has effectively shut the Strait of Hormuz has hurt India's macroeconomic outlook and strained its current account balance. Economists have lowered their growth forecasts, raised inflation projections and warned of sustained pressure on the rupee.
The energy shock at 35,000 feet is burning a hole in your pocket
As aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules being disrupted. The main culprit? The escalating conflict in West Asia, which has led to surging costs for carriers. In India, added challenges arise from hefty taxes and currency fluctuations, pushing airlines to impose fuel surcharges on passengers.
MPC Forex Level: India forex reserves rebound to $697.1 bn as RBI flags volatility management
MPC Forex Level refers to the impact of Monetary Policy Committee decisions on currency exchange rates. Understand how RBI’s interest rate decisions, inflation outlook, and repo rate changes influence forex markets, USD/INR movement, and trading strategies for investors and traders. India's foreign exchange reserves have seen a welcome rise, reaching $697.1 billion. This marks a recovery after recent significant drops.
After a 24% crash, IT stocks are rising again. With FII selling slowing, is this the bottom?
India's IT sector shows a strong rebound, with the Nifty IT index climbing 8% in April as foreign investors significantly reduced their selling. Valuations are attractive, with many IT stocks trading below historical averages and holding substantial cash. While some strategists see a bottom, others remain cautious about future growth and AI's impact.
Goldman downgrades India, slashes Nifty target and warns of earnings cut. Here's why
Global brokerage Goldman Sachs has turned cautious on Indian equities, cutting its Nifty target and warning of an “energy-shock-led” earnings downgrade cycle. The firm expects higher-for-longer oil prices amid the US-Iran conflict to worsen India’s macro outlook, weaken returns and pressure corporate earnings over the next few quarters.
Rupee to open gap-down on Friday amid oil price surge, continued FII outflows. Check range
Rupee is likely to open sharply weaker after the Gudi Padva holiday, pressured by surging crude oil prices and a stronger dollar. Experts see bearish cues, though possible RBI intervention may limit losses amid heavy FII outflows.
RBI may maintain repo rate at 5.25% through FY27: Fitch
The commentary from BMI comes amid many economists and bond-market experts in India factoring in a further quarter percentage point reduction in policy rates, lowering terminal rate expectations to 5% in the current easing cycle after RBI looked past a sharply retreating rupee to deliver a rate cut last Friday.
Trade-deal uncertainty and FPI outflows deepen rupee weakness
The Indian Rupee has reached a historic closing low against the US Dollar, nearing the significant 90 mark. The Reserve Bank of India has intervened to slow the currency's fall. Traders observe a shift in the RBI's strategy, allowing for a wider trading range.
Rupee ends month and quarter a tad lower, trails most Asian peers
The Indian rupee concluded the month and quarter slightly lower at 85.7550 against the U.S. dollar, underperforming most Asian currencies amid subdued portfolio inflows and a significant external investment deficit. While other Asian currencies have seen substantial gains this year, the rupee has remained relatively stagnant.
Rupee may find support at 87 as dollar index faces uncertainty ahead of Trump’s Policies: Anindya Banerjee
So, there is ample opportunity for RBI to intervene and RBI has to keep intervening because at least after the Trump administration comes in, the volatility in the currency can increase in case Donald Trump presses ahead with his America first policy, which can be ultra protectionist.
Rupee's year-end rally heralds a brighter 2019 as oil slumps
The rupee jumped 2.1% over Monday and Tuesday, its biggest two-day jump since Sept '13.
Credit Suisse cautious on rupee; retains 12-month forecast at Rs 70 against US dollar
The rupee hit a fresh two-week low of 68.93 against the USD in early session today.
Top rupee forecaster sees further downfall in currency
Rupee has gone from being one of Asia’s best-performing exchange rates in the first half to among the worst.
Rupee to weaken in near term; to end 2017 at around Rs 66 against US dollar: Report
US real interest rates and oil prices are expected to impact the performance of the domestic unit.
HSBC revises 2016-end forecast for USD-INR to 66 from 69
According to HSBC, lower currency volatility has been an important attribute for the rupee and has had the positive effect of boosting confidence.
HSBC sees year-end rupee at 69 against US dollar
The rupee is likely to see "better footing" than has been the case recently, an HSBC report said today, maintaining a year-end forecast of 69 against a US dollar.
Rupee likely to end 2014 at 61 despite strong dollar: BofA-ML
According to the global financial services major, the USD/ INR is likely to end the year at 61 despite a strong USD.
Goldman Sachs sees Nifty hitting 9,000 in a year; top 8 stocks which can give up to 74% return
Earlier this week, Goldman also revised its target for rupee. Its new 3, 6 and 12-month USD/INR forecasts are 61, 62 and 63, respectively.
Optimism about rupee grows, Barclays cuts one-month forecast to 59 vs US dollar
However, a weak coalition and an unfavourable election outcome may just put brakes on the rally seen in the markets and the rupee.
Standard Chartered cuts rupee forecast to 60.5/dollar for end of year
The Standard Chartered is of the view that the fall in rupee against the US dollar is not done yet and some more downside is in the offing.
Balance of payment deficit may push rupee down
BoP data for the December quarter to be released this week could show a deficit, the first time since the collapse of the Lehman Brothers.
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