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The Indian rupee slipped on Monday after the central bank unexpectedly shortened the deadline for its discounted forex swap facility for non-resident deposits, several traders said.Persistent importer dollar demand further weighed on the rupee, while likely intervention limited losses, extending a pattern seen last week.The ‌rupee was ⁠at 95.60 ⁠per dollar, its weakest level in two weeks, and down 0.2% on the ​day.The Reserve Bank of India said late on Friday it is bringing forward by ​a month the cutoff for its discounted forex swap facility, following more than $50 billion in inflows from non-resident Indian deposits.”There are some jitters…

United Overseas Bank’s (UOB) Quek Ser Leang observes that USD/JPY price action remains choppy, with the pair closing around 159.30 after a dip to 158.58. Intraday direction is unclear, with trading expected between 158.80 and 159.60. Over 1–3 weeks, the bias stays tilted to the upside, but gains are seen constrained within a 158.00–160.20 range.USD/JPY stays rangebound around 159.00″24-HOUR VIEW: After USD closed largely unchanged at 159.48 (+0.04%) last Thursday, we indicated the following: “We are still unable to derive much from the price action. Today, USD could trade between 159.00 and 159.70.” USD subsequently dropped to a low of…

Persistent central bank intervention that has absorbed recent pressure on the rupee and subdued moves in the currency is reminiscent of a period when the Reserve Bank of India firmly anchored its trading range, bankers say.Despite volatile crude oil prices due to war in West Asia and persistent dollar demand from hedging flows, the rupee has demonstrated remarkably muted price action since last week.State-run banks consistently offered dollars whenever the currency came under pressure, six bankers said, speaking on condition of anonymity because they are not authorised to speak to the media.The dollar sales occurred at multiple price levels, combining…

Gold prices rose in India on Monday, according to data compiled by FXStreet.The price for Gold stood at 13,495.00 Indian Rupees (INR) per gram, up compared with the INR 13,455.97 it cost on Friday.The price for Gold increased to INR 157,403.00 per tola from INR 156,947.80 per tola on friday.Unit measureGold Price in INR1 Gram13,495.0010 Grams134,949.20Tola157,403.00Troy Ounce419,741.70FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.…

The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the Euro (EUR) amid weaker-than-expected US economic data and shifting central bank expectations. Traders will take more cues from the speech of the European Central Bank (ECB) President Christine Lagarde on Wednesday. Retail Sales in the United States (US) fell by 0.6% MoM in July, compared to a rise of 0.2% in June, the US Census Bureau showed on Friday. This figure came in below the market consensus of a 0.1% growth. On an annual basis, Retail Sales…

India could reach a $20 trillion economy by 2036 if it can raise underlying rupee growth to around 14.2 per cent and achieve sustained annual rupee appreciation of about 3-3.6 per cent, according to a research report by domestic brokerage firm Equirus that lays out a 20-step reform agenda.Equiris estimated that these measures could lift India’s growth trajectory while strengthening the external balance, creating the conditions required for the ambitious dollar-denominated target.India has already accelerated sharply, taking 67 years from independence to build its first $2 trillion of GDP before nearly doubling the economy in the decade after 2014.Reaching $20…

India’s foreign exchange demand is increasingly moving beyond major metropolitan centres, with Tier-2 and Tier-3 cities together accounting for 53 per cent of overall forex demand, according to Thomas Cook India’s Forex Report 2026. The report, based on Thomas Cook India’s transaction data between April 2025 and March 2026 across leisure travel, education and corporate travel, showed that Tier-1 cities, including metros, accounted for 47 per cent of forex demand.Tier-2 cities contributed 41 per cent, while Tier-3 cities accounted for another 12 per cent.”Emerging India is driving the next phase of forex growth, with Tier 2 and Tier 3 cities…

The dollar fell on Friday after data showed U.S. retail sales unexpectedly declined in July, helping send the euro and sterling to multi-month highs, as traders weighed Federal Reserve policy.Retail sales dropped 0.6% last month ​after an unrevised 0.2% gain in June. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, edging up 0.1%.”We are clearly having signs of poor consumption,” said Juan Perez, director of trading at Monex USA in ‌Washington. “This evidence is clearly ⁠showing ⁠that there is an economic slowdown in the United States.”Softer-than-expected consumer and producer price…

Silver price advanced by some 0.39% on Friday, capped by rising US yields, even though US data was softer than expected. XAG/USD trades at $64.70, after bouncing off daily lows of $63.51.XAG/USD Price Forecast: Technical OutlookThe white metal remains downward biased despite signs of bottoming around the $54.70 area, near the yearly low of $54.77. Momentum is bullish in the short term, as indicated by the Relative Strength Index (RSI), but from a market structure perspective, it remains bearish.For a bullish continuation, the first resistance for XAG/USD would be the 100-day Simple Moving Average (SMA) at $68.76. Above, the first…

The Australian Dollar advanced on Friday after US Retail Sales disappointed investors, increasing speculation that the Federal Reserve might not raise rates, as the economy showed tentative signs of weakness. The AUD/USD trades at 0.7083, up 0.34%AUD/USD Price Forecast: Technical outlookThe daily chart shows the AUD/USD is bullish, but buyers remain unable to decisively crack the January 29 high of 0.7094, which could open the door for further upside. Momentum shifted bullish since mid-July, as depicted in the Relative Strength Index (RSI).From a market structure perspective, the pair has not shifted bullish until buyers regain the June 1 peak at…