Rupee hits record low on strong NDF dollar bids

Rupee hits record low on strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Currency futures, NDF-related dollar buying pushes rupee to 85.50
The Indian rupee fell to a lifetime low of 85.50 against the U.S. dollar due to high dollar demand from maturing non-deliverable forwards and currency futures. Increased activity from importers also contributed to the drop.
Rupee hits record low after biggest single-day fall since Feb 2023
India’s import bill is expected to increase by about $15 billion due to INR depreciation impact, says Global Trade Research Initiative (GTRI).
Strong dollar demand pushes rupee to all-time low, recovers post-RBI intervention
Indian rupee touched an all-time low in the afternoon trade at 85.7100 against the US dollar, but recovered sharply after the intervention by the Reserve Bank of India (RBI) in the spot market, experts said.
Rupee slips to record low pressured by NDF dollar bids; RBI likely steps in
The Indian rupee weakened to its all-time low on Wednesday, pressured by heightened dollar bids in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India (RBI) helped limit losses,
Rupee hits new low as RBI’s forward strategy stir markets
Indian Rupee hits record low at 85.81 per dollar, driven by RBI actions, market activity, and speculation, experts say.
Rupee falls 23 paise to hit fresh record low of 85.50 against US dollar
According to analysts, the Reserve Bank's stance to hold on to its dollar payments in short-term forward contracts added to the shortage of greenback, with importers rushing to meet their month-end payment obligations.
Rupee hits new low at Rs 85.54 after worst intraday fall in 2 years
The Indian unit ended the day with a 0.3 per cent fall, the steepest since June 4, when the general election results were ...
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Rupee declines to lifetime low hurt by weak yuan, NDF dollar bids
MUMBAI (Reuters) - The Indian rupee weakened to its record low on Wednesday pressured by a slide in the Chinese yuan and heightened dollar bids in the non-deliverable forwards (NDF) market but ...