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Key support is placed at 87.70 — a sustained break below this level could open the way toward 87.50 and, if momentum builds, even 87.20 | Photo Credit: Bloomberg The rupee witnessed range-bound trading in morning deals on Friday and depreciated 7 paise to 88.27 against the US dollar, dragged lower by broad dollar strength and a negative trend in domestic equities. Forex traders said the recovery in the US dollar capped the upside for the domestic unit. Moreover, worries over US tariffs on India dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 88.22,…

Bundles of 500 rupee banknotes at a currency exchange in New Delhi MumbaiThe rupee snapped a four-day winning streak on Thursday, closing a about 31 paise weaker, as the dollar strengthened after the US Fed resumed its rate cut cycle with a 25 basis points cut.The Indian currency (INR) ended the trading session at 88.1275 per US dollar (USD) against the previous close of 87.8150. In the previous four trading sessions ending September 17, INR had appreciated by a cumulative 63 paise, buoyed by expectations that the US Fed will re-start its rate cut cycle and positive sentiment around ongoing…

Rupee hit with a much higher tariff by the US compared to most other emerging economies The Indian rupee experienced one of its most challenging periods in recent memory in 2025 as it was hit with a much higher tariff by the US compared to most other emerging economies. This has resulted in the rupee sliding sharply against all major currencies, including the euro, yen and British pound. The Indian currency is also the worst performer so far this year, compared to other EM currencies. Weak against all major currenciesThe rupee’s 2.71 per cent depreciation against the dollar is much discussed. But…

The rupee depreciated 28 paise to close at 88.13 (provisional) against the US dollar on Thursday, on a hawkish Fed and a bounce back in the US dollar.Forex traders said traders assessed the US FED outlook following a rate cut. The US FED reduced rates by a quarter point as expected and indicated that it will steadily lower borrowing costs for the rest of the year.Moreover, the rupee remained under pressure on worries over US tariffs on India and global trade uncertainties. Besides, sustained foreign fund outflows also dented investor sentiments.At the interbank foreign exchange, the rupee opened at 87.93…

The Euro corrects lower as the US Dollar firms up following the Fed’s interest rate decision.The US central bank cut rates as expected and hinted at further easing, with policymakers split about the rate path.A moderate risk appetite might hold the US Dollar’s recovery on Thursday.EUR/USD is trading lower for the second consecutive day on Thursday, moving right below 1.1800 at the time of writing, down from long-term highs past 1.1900 on Wednesday. The US Dollar bounced up during the late American session after an immediate bearish reaction to the Federal Reserve (Fed) monetary policy decision.The US central bank met market…

Dow Jones futures climb on expectations the Fed could deliver 50 bps of easing before year-end.Fed Chair Jerome Powell struck a cautious tone, stressing there is no urgency to speed up easing.US major banks cut their prime lending rates after the Fed’s rate reduction.Dow Jones futures gain 0.35% to trade around 46,200 during European hours on Thursday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures advance 0.48% to move above 6,600, while Nasdaq 100 futures surge 0.68% to trade near 24,400.US stock futures rise after the first rate cut of this year…

The Pound Sterling surrenders some of its early gains after the monetary policy announcement by the BoE.The BoE held interest rates steady at 4%, with a 7-2 vote split.Investors await key US Initial Jobless Claims data for the week ending September 12.The Pound Sterling (GBP) faces selling pressure against its major peers on Thursday after the Bank of England’s (BoE) monetary policy announcement. The BoE has held interest rates steady at 4%, as expected, with a 7-2 majority.The BoE was widely anticipated to keep borrowing rates steady as inflationary pressures in the United Kingdom (UK) remain elevated, with the latest…

The US Dollar might struggle to extend gains above 1.3800 amid the positive market sentiment.The Canadian Dollar remains vulnerable following rate cuts by the Fed and the BoC.USD/CAD is correcting higher from a key support area above 1.3720.The US Dollar is trading higher against the Canadian Dollar amid broad-based Greenback strength as investors digest recent rate cuts by the Fed and the BoC. The pair, however, might find resistance at 1.3800 as the moderate risk appetite weighs on the safe-haven USD.The Federal Reserve cut rates by 25 basis points and hinted at further easing on Wednesday. Fed Chairman Powell, however,…

The Indian Rupee trades lower against the US Dollar after a four-day winning streak.The Fed reduced interest rates by 25 bps to 4.00%-4.25% and signaled two more this year.FIIs continue to sell equities in the Indian stock market.The Indian Rupee (INR) fails to extend the four-day winning streak against the US Dollar (USD) on Thursday. The USD/INR recovers strongly to near 88.30 as the US Dollar (USD) gains ground in the aftermath of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six…

The rupee depreciated 16 paise to 88.01 against the US dollar in early trade on Thursday, as traders assessed the US FED outlook following a rate cut. The US FED reduced rates by a quarter point as expected and indicated that it will steadily lower borrowing costs for the rest of the year. At the interbank foreign exchange market, the rupee opened at 87.93, then lost ground and touched an early low of 88.01 against the US dollar, registering a decline of 16 paise over its previous close. On Wednesday, the rupee appreciated 24 paise to close at 87.85 against…