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Rupee hit the day’s low of 93.24 during the session. The rupee pared its initial gains and settled with a loss of 19 paise at 93.10 (provisional) against the US dollar on Monday, after fresh tension in West Asia led to an increased demand for the American currency and kept crude prices steady.Forex traders said the local currency remained under pressure due to a fresh standoff between the US and Iran that led to a closure of the Strait of Hormuz, disrupting global supply.At the interbank foreign exchange market, the rupee opened at 92.73 and touched an intra-day high of…

The GBP/JPY pair trades higher to near 214.60 during the European trading session on Monday. The pair gains as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding the Bank of Japan’s (BoJ) interest rate decision, which will be announced on April 28. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.01%0.04%0.16%-0.00%0.23%0.22%0.07%EUR-0.01%0.03%0.11%-0.02%0.20%0.21%0.04%GBP-0.04%-0.03%0.09%-0.04%0.16%0.18%-0.00%JPY-0.16%-0.11%-0.09%-0.14%0.08%0.03%-0.10%CAD0.00%0.02%0.04%0.14%0.22%0.19%0.03%AUD-0.23%-0.20%-0.16%-0.08%-0.22%-0.01%-0.19%NZD-0.22%-0.21%-0.18%-0.03%-0.19%0.01%-0.16%CHF-0.07%-0.04%0.00%0.10%-0.03%0.19%0.16% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is…

The rupee appreciated 13 paise to 92.78 against the US dollar in early trade on Monday, following a sharp drop in crude oil prices amid hopes of easing geopolitical tension and the impact of the Reserve Bank’s measures.Forex traders, however, said the currency is likely to stay range-bound with the situation in West Asia remaining volatile after Iran closed the Strait of Hormuz for shipping.At the interbank foreign exchange market, the rupee opened at 92.73 and moved up to 92.70 level before trading at 92.78 against the greenback in early deals, up 13 paise from the previous closing level.The rupee…

The USD/CHF pair trades 0.13% higher to near 0.7830 during the Asian trading session on Monday. The Swiss Franc pair rises as the US Dollar (USD) trades higher, following Iran’s denial to attend the second round of talks with the United States (US).During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% higher to near 98.30.Over the weekend, the Islamic Republic News Agency (IRNA) reported that Tehran refuses to sit down with US delegates for another round of talks due to Washington’s “excessive demands, unrealistic expectations, constant shifts in stance,…

The AUD/USD pair attracts some sellers to near 0.7140 during the early Asian session on Monday. Escalating tensions between the US and Iran continue to weigh on the Australian Dollar (AUD) against the US Dollar (USD). The US March Retail Sales report will be in the spotlight later on Tuesday. The Iranian state TV reported on Sunday that Tehran rejected new peace talks with the US following US President Donald Trump’s post on Truth Social, indicating US representatives were heading to Pakistan for another round of negotiations on Monday.Iran has blocked the Strait of Hormuz since the US and Israel struck on…

United States (US) President Donald Trump just confirmed on Truth Social that US representatives are going to Islamabad, where negotiations with Iran will take place on Monday. However, he also ranted on Tehran’s decision to re-close the Strait of Hormuz, and once again, threatened to destroy all Iranian power plants and bridges.Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn’t nice, was it? My Representatives are going to Islamabad, Pakistan — They…

Mumbai: The Reserve Bank of India has opened an exclusive foreign exchange window for supplying dollars to state-run refiners, easing pressure on the spot exchange rate, currency analysts, bankers and traders told ET. It’s likely routed through state-run lenders such as the State Bank of India, they said.The central bank has used this strategy previously to ease pressure on the rupee–during the socalled taper tantrum of 2013, the Russian-Ukraine war and on occasions when demand from oil companies added to pressure on the currency.“On an average, daily dollar demand from oil companies is around $500-550 million,” said Anil Bhansali, head…

USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key moving averages, hitting a five-week low at 0.7775.USD/CHF Price Forecast: Technical outlookThe daily chart shows the pair ended the day below the 50-day Simple Moving Average (SMA) at 0.7825—the last of a group of four that included the 20-, 100-, and 200-day SMAs —, opening the door for further downside. The Relative Strength Index (RSI) is…

US President Donald Trump said he can trust Iranians, according to an interview with ABC News. Trump added that talks will take place only in Islamabad and resume over the weekend.He added that he doesn’t think there are many significant differences, while saying that the US will be working with Tehran to remove its enriched uranium. Trump added that Iran would not be receiving money for the exchange, commenting that reports of a $20 billion payment are “fake news.”Key highlights:Steve [Witkoff] and Jared [Kushner] will be going out, and maybe J.D. [Vance]. Haven’t spoken to J.D. about that yetIslamabad only.…

DBS Group Research expects Singapore’s March 2026 core and headline inflation to rise to 1.6% and 1.8% year-on-year, from 1.4% and 1.2% in February. The report links this to imported energy price pressures after the Middle East conflict. Higher costs are likely in transport and travel services, while electricity, gas and food price pressures remain contained for now.Energy-driven uptick in March inflation”Singapore’s inflation data for March 2026 will likely reflect the initial impact of the energy shock stemming from the Middle East conflict.””We expect core and headline inflation to rise to 1.6% yoy and 1.8% yoy, respectively, in March, up…