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EXPLAINED: Indian rupee - The Real Truth

Govt shelves import plan to tackle diminished coal stockpiles

India has shelved a proposal to mandate coal imports because of rising costs and a weaker rupee. Policymakers are instead encouraging Coal India Ltd. to enhance output and ensure timely transport to power stations. Coal reserves have reached the lowest level in nearly five years, impacting electricity generation severely this…

The Economic Times · 16h ago

Rupee ends flat as stock slump, importer hedging erodes bounce

The Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock markets, particularly the Nifty 50, suffered a decline of more than 1% due to underwhelming results in the technology and financial sectors. Meanwhile, Brent crude oil prices dipped about…

The Economic Times · 17h ago

Ramlila and Effigy Grounds: 7 Things to Settle Before You Walk In With Family

Know Which Ground You Are Going ToMost cities have more than one Ramlila venue, and they are not interchangeable. Delhi alone runs simultaneous performances at Ramlila Maidan, Subhash Maidan, and a dozen colony grounds, each with a different effigy height, a different crowd size, and a different time for the…

Times Life · 23h ago

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Oil, foreign flows in focus for rupee; bond traders eye rate-hike bets

During the upcoming holiday week, analysts predict the Indian rupee will remain steady, with oil price trends and foreign capital flows playing essential roles. Impressively, the rupee rose by 2% last week, achieving its highest value since March at 94.96. The Reserve Bank of India is undertaking assorted measures aimed…

The Economic Times · Oct 19

Aggressive RBI measures hand India bonds a ninth weekly loss

Indian government bonds have experienced ongoing losses for nine consecutive weeks due to RBI's monetary tightening measures. The benchmark 6.94% 2036 bond yield has climbed over 62 basis points during this period, reflecting investor concerns. Additionally, the RBI's commitment to support the rupee and manage liquidity has further dampened bond…

The Economic Times · Oct 16

Tata, HDFC, ICICI Prudential mutual funds halt fresh gold FoF investments: What it means for existing and new investors

Leading mutual fund houses such as Tata Mutual Fund and HDFC Mutual Fund have suspended fresh investments in their gold fund-of-funds. The halt comes as a response to macroeconomic factors affecting gold imports and the value of the rupee. Existing investments in these funds remain unaffected, allowing ongoing systematic plans…

The Economic Times · Oct 16

Rupee posts best week in seven months, fundamentals key for lasting turnaround

This week, the Indian rupee saw an impressive 2% increase, attributed to effective policy measures designed to alleviate short-term depreciation pressures. Despite the positive movement, analysts caution that a lasting recovery is contingent upon significant improvements in the overall economic landscape. Additionally, India's merchandise trade deficit climbed to $30.21 billion…

The Economic Times · Oct 16

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Indian bonds hang tight ahead of supply

Indian government bonds remained stable on Friday as traders contemplated the central bank's forthcoming policy moves. A noteworthy auction of 10-year bonds is on the horizon, anticipated to shed light on market demand and interest. Recent shifts in US Treasury yields have bolstered the Indian market. The Reserve Bank of…

The Economic Times · Oct 16

India wants to promote rupee trade settlement to help partner facing hard currency shortage: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-currency shortages continue importing essential goods. She said geopolitical tensions and economic downturns have pushed several nations into debt and balance-of-payments crises.

The Economic Times · Oct 16

Annual bonus of Rs 6,908 for central government employees: Who qualifies and who will be left out

Annual bonus for central government employees On October 15, 2026, the Ministry of Finance introduced a non-Productivity Linked Bonus for central government employees, providing Group 'C' and non-gazetted Group 'B' workers with a bonus equivalent to 30 days of their emoluments, totaling Rs 6,908. Casual laborers who fulfill certain conditions…

The Economic Times · Oct 16

Rupee relief comes with disruptions in financial markets

The Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to skyrocketing hedging costs and dwindled liquidity in the forex sector. Moreover, bond yields soared to their highest in three years due to escalating oil prices and foreign outflows. Banks brace…

The Economic Times · Oct 16

Festive cheer is high, but shoppers are counting every rupee

Consumers are maintaining festive spending but are focusing on value and utility as shopping habits evolve. Clothing remains the top category, while online sales are increasing, particularly among tier-2 and tier-3 cities. However, there is caution in purchasing patterns for high-priced items like jewellery and gold. Demand for groceries and…

The Economic Times · Oct 16

Rupee rises 20 paise to 94.79 against US dollar in early trade

The rupee reached 94.79 against the US dollar following structural forex interventions by the Reserve Bank of India. Elevated crude oil prices and declining equity markets limited the currency's gains. The dollar index decreased by 0.54 per cent, reflecting the dollar's weakened strength. While US retail sales exceeded forecasts, the…

The Economic Times · Oct 16

Indian rice export prices hit over 1 year high on stronger rupee, crop supply concerns

Asian rice export prices have risen as Indian rates reach a one-year high amid supply concerns. Vietnamese prices are also increasing, expected to meet strong demand from the Philippines in November. Thailand's rice prices are climbing due to flooding delays and heightened purchasing activities before the season ends. In Bangladesh,…

The Economic Times · Oct 16

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The Economic Times · Oct 15

RBI issues clarifications on forex hedging curbs

The Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging rules and cash margins on certain derivatives. Several lenders have held back on quoting dollar-rupee forwards due to confusion regarding transaction requirements. The measures included redirecting oil companies' dollar…

The Economic Times · Oct 15

Rupee extends winning streak as dollar, oil ease and stocks rally

In a notable financial scenario, the Indian rupee appreciated by 0.1% against the dollar, securing its fourth consecutive day of gains. This uptick was attributed to decreasing oil prices alongside a boost in Indian stock performance, which went against the regional market tide. Concurrently, a decline in the dollar index…

The Economic Times · Oct 14

Rupee extends rise but falters past 95/USD on importer hedging, outflows

The Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a peak of 94.77 before settling at 95.15 against the dollar. Additionally, Indian importers continue to hedge against potential rupee weakness, contributing to ongoing dollar demand. Investors are awaiting…

The Economic Times · Oct 13

India should let rupee find its own level: Uday Kotak calls for focus on competitiveness, innovation

Uday Kotak stated that the rupee should be allowed to find its own level without government interference. He noted that the strength of the Indian economy will eventually reflect in the currency. Recent pressure on the rupee was largely due to portfolio investment outflows rather than the current account deficit.…

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The Economic Times · Oct 13

India's benchmark bond breaks 4-day falling streak as value investors return

Indian government bonds have rebounded following a significant rise in yields, drawing investors back into the market. The benchmark bond yield has risen due to a central bank policy rate hike and liquidity measures. The rupee has appreciated against the dollar after the central bank implemented new measures to support…

The Economic Times · Oct 13

RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She…

The Economic Times · Oct 13

Rupee outpaces Asian peers on fresh FX curbs, RBI intervention

The Indian rupee has strengthened against the dollar, thanks to recent initiatives by the Reserve Bank of India designed to curb dollar demand and stabilize the foreign exchange market. Experts suggest that these regulatory changes may bolster the rupee's short-term resilience. Moreover, oil prices are trending downwards as new supplies…

The Economic Times · Oct 13

RBI may take further measures to curb rupee volatility: FM Sitharaman

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilise the currency rather than fix its value. The rupee recorded its biggest single-day gain in six months on Monday after the central bank introduced curbs to reduce dollar…

The Economic Times · Oct 13

Rupee jumps 177 paise in 2 days against dollar after RBI's strong defence before Rs 97 goal post. What lies ahead?

The Indian rupee strengthened 177 paise against the US dollar in two days to 94.06 following aggressive RBI market interventions. Key steps include a special dollar window for oil firms and tighter forex derivative rules to defend the Rs 97 level, though macro risks and FII outflows remain.

The Economic Times · Oct 13

Wallet war: More new things are fighting for every rupee Indians earn

Indian Consumer Spending Trends: Indian households are increasingly shifting their consumption patterns, which reflects a richer variety of spending options. This changing consumer behavior shows significant growth in non-food expenditures over the years. The introduction of quick commerce has further diversified available products, making various goods more accessible. Both urban…

The Economic Times · Oct 13

Rupee jumps 82 paise to 94.96 against US dollar in early trade

In early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of India aimed at curbing dollar demand. Key actions included establishing a dedicated dollar window for oil firms and raising costs for hedging. Meanwhile, Brent crude prices…

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