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The Indian rupee fell to a record low on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers.The rupee came within a hair’s breadth of the 92.00 level on Friday, slipping to an all-time low of 91.9650.The currency then settled at 91.94, down 0.34% on the day, taking its losses to 1.18% for the week and 2.3% for the month.Its underperformance this week was all the more telling considering that most Asian peers managed to post a modest advance against a weakening dollar index amid U.S. President Donald Trump issuing…
The rupee slumped 41 paise to hit a record low of 91.99 against the US dollar in intraday trade on Friday, as persistent foreign fund outflows and a volatile geopolitical situation kept investors cautious.Forex traders said the intervention from the Reserve Bank of India is helping smooth volatility to some extent, but is not reversing the overall negative trend for the domestic unit.Moreover, for the currency, the pending trade agreement with the US remains a key stabilising factor. Until the geopolitical risk eases and the trade deal materialises, the rupee is likely to remain vulnerable to external shocks, they said.At…
The USD/CAD forecast remains strongly bearish under 1.3800 as the geopolitical risks ease. Upbeat US GDP data failed to sustain buying pressure for the US dollar. Stable oil prices and receding oversupply concerns continue to support the loonie. USD/CAD has stabilized around 1.3790 after snapping a four-day losing streak, as the US dollar finds a footing following Thursday’s drop. The greenback’s rebound is less about fresh US data and more about a slight easing in geopolitical risk after President Trump walked back tariff threats tied to the Greenland dispute and signaled a framework understanding with NATO, even if the details…
The NZD/USD pair extends its steady intraday descent from the 0.5930 area, or a four-month high touched earlier this Friday, and slides to a fresh daily low during the first half of the European session. Spot prices currently trade just below the 0.5900 mark, down around 0.15% for the day, though any meaningful depreciation seems elusive amid a supportive fundamental backdrop.Statistics New Zealand reported that the annual consumer inflation accelerated in the fourth quarter to 3.1%, above the central bank’s target range. The hot inflation data reaffirmed expectations that the Reserve Bank of New Zealand (RBNZ) could raise interest rates…
The rupee gained 17 paise to trade at 91.41 against the US dollar in early deals on Friday, as investor sentiments improved after US President Donald Trump stepped back from tariff threats against Europe linked to Greenland, easing immediate trade-war fears. Forex traders said Trump’s softer rhetoric reduced near-term geopolitical anxiety. Moreover, as investors’ risk appetite improved, the dollar corrected, allowing emerging market currencies — including the rupee — to recover slightly, they said. At the interbank foreign exchange, the rupee opened at 91.45 then gained ground to trade at 91.41 against the greenback, up 17 paise from its previous…
Bank of Japan (BoJ) Governor Kazuo Ueda is due to hold a press conference at 6:30 GMT, following the central bank’s decision to hold the benchmark interest rate at 0.75% on Friday. Traders await additional clues from Ueda’s press conference regarding the expected timing of the BoJ’s next rate hike. Economic Indicator BoJ Press Conference The Bank of Japan (BoJ) holds a press conference at the end of each one of its eight scheduled policy meetings. At the press conference the Governor of the BoJ communicates with media representatives and investors regarding monetary policy. The Governor talks about the factors that affect…
Rupee invoicing for export of goods and software grew 4.5% YoY in April-November 2025 while import rose 24.5 per cent YoY, according to RBI data | Photo Credit: SOMNATH MAHATA In a positive sign for the rupee and the economy, there is a pick-up in exporters and importers invoicing in rupees..Recent Reserve Bank of India data shows the rupee invoicing for export of goods and software grew 4.7 per cent YoY in April-November 2025 and was ₹2,00,056 crore. Similarly, import of goods and software invoiced in rupee grew 24.5 per cent YoY and was ₹1,97,127 crore. However, share of such…
The USD/JPY pair posts modest gains near 158.45 during the early Asian session on Friday. The Japanese Yen (JPY) softens against the US Dollar (USD) following the release of Japanese inflation data. All eyes will be on the Bank of Japan (BoJ) interest rate decision and the press conference later on Friday. Data released by the Japan Statistics Bureau showed on Friday that Japan’s National Consumer Price Index (CPI) rose by 2.1% YoY in December, compared to the previous reading of 2.9%. This figure registered its weakest level since March 2022. Meanwhile, the National CPI ex Fresh food came in at 2.4% YoY in…
GBP/USD rises during the North American session on Thursday amid an improvement in risk appetite, following a de-escalation of the trade-war between the US and Europe. Meanwhile, traders shrug off strong US data, which, despite signaling the strength of the economy, failed to underpin the US Dollar (USD). At the time of writing, the pair trades at 1.1357, up 0.24%.Sterling advances as easing trade tensions outweigh strong US data and keep the Dollar under pressureOn Wednesday, the US President Donald Trump announced that he had reached an agreement with NATO in regard to Greenland, refraining from imposing duties on eight…
Gold (XAU/USD) trims its intraday losses on Thursday as traders reposition ahead of a heavy slate of US economic data due later in the American session. At the time of writing, XAU/USD trades around $4,827, recovering after a short-lived pullback below the $4,800 psychological level.Bullion came under brief selling pressure, retreating from the record high of $4,888 set on Wednesday, as global risk appetite improved after US President Donald Trump backed away from his threat to impose tariffs on several European countries linked to the Greenland dispute.However, traders are looking past the easing of immediate trade-war fears, as the broader…