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Indian rupee
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- 1Rupee hovers near 96 per dollar as RBI steps in▼Indian rupee pinned just shy of 96/USD as RBI intervention counters oil woes
The Indian rupee is trading just short of 96 against the US dollar, with the Reserve Bank of India intervening to limit the slide. Pressure on the currency is being driven largely by India's oil import costs, which have weighed on the balance of payments. The central bank's actions are keeping the rupee range-bound near record-low levels, and markets are watching how long the RBI can hold the line.
- 2Rupee and bonds at risk as Iran diplomacy hopes fade●Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopes
The Indian rupee and government bonds are seen as vulnerable to renewed pressure as hopes for a diplomatic resolution over Iran's nuclear programme fade, according to a Reuters report. Weakening diplomacy raises the risk of higher oil prices, which would widen India's import bill, weigh on the currency and push bond yields up as inflation concerns mount.
- 3RBI reportedly defending rupee as oil prices climb▼Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say
Traders say the Reserve Bank of India is intervening to shield the rupee as a deadlock between the United States and Iran pushes oil prices higher. Higher crude costs widen India's import bill and pressure the currency, prompting speculation the central bank is selling dollars to limit depreciation.
- 4Rupee under pressure as Iran talks stall●Rupee pressured by Iran talks impasse; RBI intervention a 'reliable' buffer
The Indian rupee is facing downward pressure amid an impasse in talks involving Iran, which has kept regional risks elevated. Traders say the Reserve Bank of India's interventions in currency markets remain a reliable buffer, limiting sharp swings in the currency. Attention is on whether diplomacy progresses and how aggressively the central bank defends the rupee.
- 5Rupee and bonds at risk as Iran diplomacy hopes fade●Rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopes
India's rupee and government bonds are seen coming under pressure as diplomatic efforts with Iran lose momentum, raising fears of higher oil prices. Fading hopes for a diplomatic breakthrough could lift crude costs, straining India's import bill and weakening its currency and debt markets.
- 6Bank of Cyprus enables direct rupee payments●🇨🇾 Bank of Cyprus opens direct rupee payments, deepening EU–India financial links Bank of Cyprus now allows businesses a
Bank of Cyprus has begun allowing businesses and individuals to make payments directly in Indian rupees. The move removes the need for intermediary currencies such as the dollar or euro in India-related transactions, cutting costs and settlement times. Observers see it as a step towards deeper financial ties between the EU and India and a further internationalisation of the rupee.
- 7Dhruv Jurel reveals he cried after 20 lakh IPL bid●‘I was crying’: Dhruv Jurel reveals his emotional reaction after 20 lakh IPL bid
Indian wicketkeeper-batter Dhruv Jurel has revealed he was in tears after being picked up at an IPL auction for a base price of 20 lakh rupees. The modest bid, far below the multi-crore deals of star players, marked the start of his professional journey, and he says the emotional moment still drives him after going on to represent India.