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The Indian rupee dropped to a record low on Tuesday, with unresolved trade strains with the US fuelling heavy dollar demand and prompting central bank intervention to support the currency.The rupee hit a lifetime low of 88.80, slipping past the prior low of 88.7975 struck last week. It was last quoting at 88.7550.Market participants have seen little reason to bet on a turn in fortunes for the currency with a trade deal with the US remaining elusive, while a recent hike in US H-1B visa fees has compounded the currency’s weakness.Analysts warn the US decision to hike H-1B visa fees…

The Indian rupee dropped to an all-time low on Tuesday, breaking a record set just last week, with persistent trade tensions between New Delhi and Washington fuelling heavy demand for the U.S. dollar. The rupee hit a lifetime low of 88.80, slipping past the prior low of 88.7975 struck last week.Add as a Reliable and Trusted News Source Source

The USD/JPY forecast remains bearish as the BOJ tilts closer to a rate hike. The risk of a US government shutdown and higher JGB yields support the bearish narrative in USD/JPY. Markets are now watching the JOLTS job opening data, along with key speeches, for further impetus. The Japanese yen gained solid ground on Tuesday, pushing the USD/JPY price towards 148.00 handle as markets anticipate the Bank of Japan edging closer to a rate hike, with heightened political uncertainty in Washington threatening the delay of US data releases. –Are you interested to learn more about ECN brokers? Check our detailed…

Gold retreats sharply after touching a fresh all-time peak earlier this Tuesday amid some profit-taking. Geopolitical risks, fears of a US government shutdown, and Fed rate cut bets could support the bullion. Dovish Fed expectations keep the USD depressed and should further limit losses for the commodity. Gold (XAU/USD) surrenders its intraday gains to the all-time top and drops to a fresh daily low, around the $3,820-3,819 area during the first half of the European session on Tuesday. The pullback lacks any obvious fundamental catalyst and could be attributed to some profit-taking amid extremely overbought conditions on short-term charts, and…

European Central Bank Vice President Luis de Guindos said on Tuesday that “the current level of interest rates is adequate.”He further noted that “we will take further decisions meeting by meeting.”Market reactionEUR/USD was last seen trading at 1.1746, up 0.16% so far. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively…

The Japanese Yen attracts some dip-buyers despite a divided BoJ Summary of Opinions.Disappointing macro data and a positive risk tone also do little to undermine the JPY.The divergent BoJ-Fed policy expectations also act as a headwind for the USD/JPY pair.The Japanese Yen (JPY) extends its intraday ascent through the early European session on Tuesday, which, along with sustained US Dollar (USD) selling bias, drags the USD/JPY pair to the 148.00 neighborhood in the last hour. Despite a divided Bank of Japan’s (BoJ) Summary of Opinions, investors seem convinced that the central bank will stick to its policy normalization path. This…

The Indian Rupee falls to near 89.00 against the US Dollar on Tuesday.Investors are divided over whether the RBI will hold interest rates steady on Wednesday.US government shutdown risks keep the US Dollar on tenterhooks.The Indian Rupee (INR) drops to near 89.00 against the US Dollar (USD) on Tuesday, close to its all-time high of 88.12 posted last week. The pair is expected to trade broadly sideways as investors await the monetary policy announcement by the Reserve Bank of India (RBI) on Wednesday.Market experts are divided over whether the RBI will hold the Repo Rate steady at 5.5% and restart…

While the Rupee has weakened 2.9% against the Dollar YTD in 2025, the depreciation against other major currencies has been far more pronounced. The Rupee has fallen 16% against the Euro, 11% against the Pound, and 6% against the Chinese Yuan — significant moves by any measure. On a trade-weighted basis, Rupee overvaluation against a basket of currencies has corrected by nearly 8%.Historically, periods of Rupee weakness have coincided with sharp spikes in volatility. The spot-vol correlation in USDINR has typically been positive, meaning that as the spot moves higher, volatility rises. This is natural since most participants are short…

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $62.98 per barrel, down from Monday’s close at $63.01.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.70 after its previous daily close at $66.75. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a…

The rupee rose 3 paise to 88.72 against the US dollar in early trade on Tuesday on the back of a fall in crude oil prices and positive sentiments in the domestic equity markets.However, a marginally stronger greenback, coupled with FII outflows, prevented sharper gains in the local unit, according to forex traders. They added that the markets are awaiting the Reserve Bank of India’s (RBI’s) Monetary Policy Committee decision, which will be announced on Wednesday. At the interbank foreign exchange, the rupee opened at 88.73 against the US dollar before inching up to 88.72, higher by 3 paise from…