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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…

The Rupee closed 4 paise weaker on Monday at 88.76 as it was weighed down by foreign portfolio outflows from the equity markets amid risk-off sentiment, and demand for the greenback from corporates.This closing was just off the record closing low of 88.7750 per US Dollar, hit on September 24th.The Rupee opened a tad stronger at 88.69 against previous close of 88.72. However, it could not sustain the gains due to demand for Dollars from custodial banks and India Inc. Intraday, it hit a low of 88.81.DMI Finance, in a report, said in the near term, the Rupee’s trajectory is…

Rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India’s IT services exports. Moreover, the Reserve Bank of India (RBI) policy meeting outcome on October 1, is expected to influence rupee and government bond movements. At the interbank foreign exchange, the rupee opened at…

The Euro appreciates to the 1.1725 area on concerns about a possible government shutdown in the US.US President Trump will meet congressional leaders 24 hours before the deadline in an attempt to avert the shutdown.Technically, the pair maintains the bearish structure from 1.1920 highs intact.EUR/USD opened the week in a moderately bid tone, extending its recovery to 1.1725 at the time of writing on Monday, after bouncing from 1.1645 lows last week. Investors’ concerns about a highly likely US government shutdown this week and hopes of back-to-back Federal Reserve (Fed) interest rate cuts have sent US Treasury yields and the…

Silver remains bid on US Dollar weakness, at 4-year highs, near $47.00.Investors’ concern about a US Government shutdown has given an additional boost to precious metals.XAG/USD is at extremely overbought levels after rallying about 7% over the last three days.Silver (XAG/USD) continues to rise on Monday. The white metal appreciates by about 1.8% on the day, and trades as the US Dollar and US Treasury yields retreat, with investors taking positions ahead of the $46.95, after having hit fresh multi-year highs at $47.18 in the early European trading session.Precious metals are thriving on Monday, as the US Dollar and US…

The Indian Rupee falls marginally against the US Dollar ahead of the RBI’s monetary policy announcement on Wednesday.Investors are divided on whether the RBI will cut interest rates or hold them steady.The US Dollar is under pressure amid the risks of a US government shutdown.The Indian Rupee (INR) declines against the US Dollar (USD) during late trading hours on Monday. The USD/INR rises to near 89.00, even as the US Dollar extends its correction, suggesting weakness in the Indian Rupee.The Indian currency faces selling pressure amid caution ahead of the monetary policy announcement by the Reserve Bank of India (RBI)…

EUR/GBP softens to around 0.8720 in Monday’s early European session. BoE’s Greene warned of upside inflation risks.Persistent conflict between Russia and Ukraine could weigh on the EUR against the GBP. The EUR/GBP cross loses momentum to near 0.8720 during the early European session on Monday. The expectation that the Bank of England (BoE) is unlikely to cut the interest rates in the near term provides some support to the Pound Sterling (GBP) against the Euro (EUR). Germany’s Retail Sales for August and UK Gross Domestic Product (GDP) data for the second quarter (Q2) will be highlights later on Tuesday. Traders expect the UK central bank…