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Markets extended their downward spiral on Tuesday as the rupee breached the psychologically critical 91-mark against the US dollar for the first time, triggering widespread risk aversion across sectors. The BSE Sensex plunged 533.50 points, or 0.63 per cent, to close at 84,679.86, while the NSE Nifty fell 167.20 points, or 0.64 per cent, to settle at 25,860.10. The currency touched a fresh all-time low of 90.87 during the session, amplifying concerns over persistent foreign institutional investor selling and weak global cues. Foreign investors extended their selling streak to the twelfth consecutive session, offloading equities worth ₹1,468 crore, adding to…

EUR/USD has pulled back from session highs at 1.1764, and is trading practically flat on the daily chart, at 1.1755 at the time of writing. Weaker-than-expected preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) data put some pressure on the pair earlier on the day, although downside attempts remain limited so far.Services activity in the Eurozone slowed down to a 52.6 level, as measured by the PMI, a whole point below November’s 53.6 reading and against market expectations of an improvement to 53.9. Likewise, manufacturing activity has accelerated its contraction to 49.2 from 49.6 in November. The market consensus had…

The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal.The rupee fell to 91.0750 per dollar before ending 0.3% lower at 91.0275. It has declined over 6% against the greenback this year and is among the worst performing emerging market currencies in 2025.The South Asian unit hit an all-time low for the fourth consecutive session, with traders anticipating that the central bank may step in more aggressively to avoid a speculative build-up against the currency.A rebound in the rupee…

The Japanese Yen (JPY) remains on the front foot against a bearish US Dollar (USD) for the second straight day and climbs to a one-and-a-half-week high during the Asian session on Tuesday. Investors now seem convinced that the Bank of Japan (BoJ) will raise interest rates this week. This, along with a generally weaker tone around the equity markets, contributes to the safe-haven JPY’s outperformance. This also marks the fourth day of a positive move for the JPY in the previous five, though bulls might refrain from placing aggressive bets ahead of the highly anticipated two-day BoJ meeting starting Thursday.In…

German/ Eurozone flash PMIs OverviewThe preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for December is due for release today at 08:30 and 09:00 GMT, respectively.Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European currency and the related markets as well.The flash Composite PMI for Germany is expected to come in slightly weaker due to a slowdown in the service sector activity. However, the overall business output is anticipated to hold above the 50.0 threshold, a level that separates expansion from contraction.Preliminary Services PMI…

The USD/JPY pair loses traction to around 155.10 during the early Asian session on Tuesday.  The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid the expectation that the Bank of Japan (BoJ) will raise interest rates at the upcoming policy meeting on Friday. Traders will closely monitor key US economic data, including Nonfarm Payrolls (NFP), Retail Sales, and Purchasing Managers Index (PMI), which are due later on Tuesday. Rising bets for an imminent rate hike by the BoJ provide some support to the JPY and create a headwind for the pair. Traders have been pricing in the chance that…

The Euro (EUR) strengthens against the US Dollar (USD) on Monday as the Greenback remains under sustained pressure following last week’s 25 basis point (bps) interest rate cut by the Federal Reserve (Fed). At the time of writing, EUR/USD is trading around 1.1760, its highest level since October 1.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is hovering near 98.18, close to a two-month low.Adding to the US Dollar’s downside, dovish remarks from Fed Governor Stephen Miran kept the Greenback under pressure, as he defended his preference for a larger…

The USD/JPY trades 0.5% lower to near its weekly low around 155.00 during the European trading session on Monday. The pair is under pressure as the Japanese Yen (JPY) outperforms its peers, following the release of the Japan’s Q4 Tankan Manufacturing Index and Outlook data. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.06%-0.13%-0.57%0.00%0.02%0.16%-0.03%EUR0.06%-0.07%-0.53%0.07%0.10%0.23%0.03%GBP0.13%0.07%-0.44%0.16%0.15%0.29%0.09%JPY0.57%0.53%0.44%0.60%0.61%0.75%0.55%CAD-0.01%-0.07%-0.16%-0.60%0.02%0.15%-0.04%AUD-0.02%-0.10%-0.15%-0.61%-0.02%0.14%-0.08%NZD-0.16%-0.23%-0.29%-0.75%-0.15%-0.14%-0.20%CHF0.03%-0.03%-0.09%-0.55%0.04%0.08%0.20% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote…

The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a fresh all-time low of 90.74 (provisional) against the US dollar, registering a loss of 25 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee opened at 90.53 against the US dollar, then lost ground and fell to a record intra-day low of 90.80, registering a 31-paise decline from its…

The rupee weakened further past the 90-per-dollar mark on Monday to a record low for the third consecutive session, driven by concerns over a prolonged deadlock in U.S.-India trade negotiations and persistent portfolio outflows. The rupee fell to 90.7850, extending its year-to-date decline to about 6%, before ending the session slightly higher at 90.73, compared with 90.4150 in the previous session. The Reserve Bank of India likely intervened to cap the rupee’s fall, traders said, while also noting that gradual depreciation of the currency is likely to persist in the absence of a trade deal with the United States.”Let’s see…