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Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up
The Indian rupee reversed early gains on Thursday, succumbing to dollar demand from arbitrage trades as central bank intervention eased. After touching a high of 94.9375, the rupee turned flat, last trading at 95.2775. Traders noted fading dollar offers from state-run banks and triggered stop-losses on rupee bets after it crossed the 95 mark. Asian currencies remained rangebound, with investors awaiting the U.S. non-farm payrolls report for market direction.
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economictimes.indiatimes.com
Rupee logs sharpest fall since June 8, ends at 95.24 against dollar
The Indian rupee weakened significantly, crossing the 95 per dollar mark for the first time in almost a month. This decline occurred ahead of anticipated hawkish remarks from the…
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Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up
The Indian rupee reversed early gains on Thursday, succumbing to dollar demand from arbitrage trades as central bank intervention eased. After touching a high of 94.9375, the…
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Merchant, arbitrage flows extend rupee's losing streak even as dollar slumps
The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage…
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Cheaper oil, RBI support fail to lift rupee amid dollar demand
The Indian rupee weakened to 95.39 against the dollar on Thursday, despite lower oil prices and central bank support. Demand from foreign banks, oil firms, and investor outflows…
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Rupee closes at 95.21 vs USD, falls on-week as merchant, NDF-linked flows blunt dollar retreat
The Indian rupee experienced a slight uptick on Friday, yet ended the week on a weaker footing due to overwhelming dollar demand driven by various market activities. Despite a…
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thehindubusinessline.com
Rupee falls on-week as merchant, NDF-linked flows blunt dollar retreat
The rupee fell nearly 1% this week, pressured by dollar demand and merchant flows, closing at 95.21 per dollar.