Forex News — Currency Markets

Top stocks to buy in F&O segment: M&M, Shree Cements, Cholamandalam Investment by Jay Thakkar - Check targets

Indian markets rallied on Tuesday, with the Nifty 50 and Sensex rising more than 1.5% as IT stocks surged after HCLTech beat estimates. The rupee also strengthened following RBI support measures. ICICI Securities analyst Jay Thakkar recommended futures trades in M&M, Shree Cement and Chola Finance.

RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.

SBI Research urges govt to scrap LTCG tax on equities to attract foreign investors

SBI Research has urged the government to scrap long-term capital gains (LTCG) tax on equities and extend holding periods to two or three years to attract foreign investment. The proposals come amid heavy FPI outflows and pressure on the Indian rupee.

Rupee outpaces Asian peers on fresh FX curbs, RBI intervention

The Indian rupee has strengthened against the dollar, thanks to recent initiatives by the Reserve Bank of India designed to curb dollar demand and stabilize the foreign exchange market. Experts suggest that these regulatory changes may bolster the rupee's short-term resilience. Moreover, oil prices are trending downwards as new supplies from Russia potentially enter the market. Central bank actions have generally fostered support for the Indian currency.

US, UK Or Canada? How RBI’s Latest Move Could Affect Your Child’s Study-Abroad Costs

The RBI’s currency-stabilisation measures could offer temporary relief to Indian families paying overseas education expenses. However, rising tuition fees, visa restrictions and changing post-study work rules continue to put pressure on study-abroad budgets.

Rupee volatility in focus as Sitharaman signals more RBI action, weighs LTCG tax debate

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilise the currency rather than fix its value. The rupee recorded its biggest single-day gain in six months on Monday after the central bank introduced curbs to reduce dollar demand and intervened in the market by selling dollars.

RBI may take further measures to curb rupee volatility: FM Sitharaman

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilise the currency rather than fix its value. The rupee recorded its biggest single-day gain in six months on Monday after the central bank introduced curbs to reduce dollar demand and intervened in the market by selling dollars.

Penny stock under ₹10 jumps 30% in seven straight sessions | Here's why

Penny stock under 10 rupees: The ₹2 share has risen from ₹1.40 to ₹2.00 apiece in the last six months

Nifty 50 at 26,500 in 4-5 months? Monarch Networth CEO points to 3 key triggers

Nifty 50 could reach 26,000-26,500 within four to five months, driven by cooling US Treasury yields, dollar weakness, and FII short covering, according to Monarch Networth Capital CEO Gaurav Bhandari. Strong monthly domestic inflows of Rs 31,000 crore provide additional support for valuation re-rating.

Rupee makes stunning comeback: What is RBI’s 4-step plan?

Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA intervention

The Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority intervention to defend its peg. Weak equity performance, subdued investment flows, and rising US interest rates have pressured the currency, though analysts expect the linked exchange rate system to remain stable.

Rupee jumps 177 paise in 2 days against dollar after RBI's strong defence before Rs 97 goal post. What lies ahead?

The Indian rupee strengthened 177 paise against the US dollar in two days to 94.06 following aggressive RBI market interventions. Key steps include a special dollar window for oil firms and tighter forex derivative rules to defend the Rs 97 level, though macro risks and FII outflows remain.

Bumble’s billion-dollar buyout: Why investors are betting on a turnaround

Bumble shares surge nearly 50% after reports of a potential $1 billion take-private deal with Ithaca Holdings. The proposed buyout comes as the dating app operator faces falling revenue, a shrinking paying user base and declining investor confidence.

HCLTech Q2 Review: IDBI Capital Sees 13% Upside As AI-Led Mix Lifts Margins; Guidance Looks Conservative

The brokerage highlighted that HCLTech delivered one of its cleanest quarters in a while, revenue of $3,724 million grew 2.3% QoQ and 2.6% YoY in constant currency, with services up 3% QoQ and 4% YoY

Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

China’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement. However, elevated US Treasury yields and geopolitical tensions limited gains. The PBOC set its strongest midpoint since February 2023, while analysts expect modest appreciation amid trade surpluses and policy uncertainty.

New FX curbs sow confusion, bankers await clarity on dealing rupee derivatives

Bankers are interpreting the new foreign-exchange regulations in India broadly, especially regarding cash-margin requirements related to rupee forwards. This cautious approach has made them reluctant to quote dollar/rupee forwards, raising concerns about its impact on interbank transactions. Interestingly, a source mentioned these new requirements do not affect interbank activity. Meanwhile, the central bank has not responded to queries for clarification, highlighting continuing uncertainty in I

Rupee jumps 82 paise to 94.96 against US dollar in early trade

In early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of India aimed at curbing dollar demand. Key actions included establishing a dedicated dollar window for oil firms and raising costs for hedging. Meanwhile, Brent crude prices fell to USD 105.47 per barrel, and retail inflation in India surged to 5.

HCL Tech shares rally over 4% after Q2 results. What are CLSA, JPMorgan, others saying?

HCL Tech shares rose after the IT services major reported a 21% YoY rise in Q2 FY27 net profit to Rs 5,132 crore. Revenue grew 12% to Rs 35,620 crore, while new deal wins stood at $3.26 billion. The company retained its FY27 EBIT margin guidance at 17.5-18.5% and projected constant-currency revenue growth of 2.5-4% for the full year.

US Dollar holds near 18-month high amid rising geopolitical risks | What does it mean for Sensex, Nifty 50?

According to market experts, for Indian equity markets, including the Sensex and Nifty 50, a strong dollar could pose a fresh challenge by encouraging foreign investors to shift money towards US assets, putting pressure on FPI flows and weakening the rupee.

Dollar holds near 18-month high as geopolitical risks rise

GLOBAL-FOREX/:FOREX-Dollar holds near 18-month high as geopolitical risks rise

RBI tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirement

The Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them only for hedging, and widened a 20% cash reserve requirement to banks' own rupee currency hedges.

Rupee jumps 1% as RBI curbs dollar demand

The rupee rallied nearly 100 paise or 1% to 95.77 against the US dollar on Monday, bouncing back from a near all-time low after the RBI clamped down on speculative currency trading. Rupee opened the day at 95.76 per dollar against previous close of 96.73 and appreciated to 95.5850 during the day.

Oil rallies, sending dollar higher on expectations of higher US rates

GLOBAL-MARKETS:Oil rallies, sending dollar higher on expectations of higher US rates

HCL Tech Q2 Report Card: Rupee boost, record deal wins, hiring rebound and AI boom despite odds - Key numbers decoded

HCLTech reported September-quarter revenue of ₹35,620 crore, up 3% sequentially and 11.5% year-on-year. Deal bookings rose 27% to USD 3.3 billion, while Advanced AI revenue grew 78% year-on-year in constant currency. 

Rupee rebounds nearly 1% after RBI moves to curb speculative trades

The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains. Elevated crude prices and global uncertainties continue to weigh on the currency.

Banks seek clarification on implementation of RBI forex measures

Indian lenders have requested clarification from the Reserve Bank of India regarding new currency-supporting measures. They seek guidance on calculating the foreign exchange risk reserve and its impact on liquidity ratios. Additionally, banks are uncertain about cost transmission to customers and how exposure limits are assessed. Clarifications on the treatment of cash reserves and their classification as high-quality liquid assets have also been requested.

HCLTech Raises FY27 Revenue Growth Guidance To 2.5-4%, Retains EBIT Margin Outlook

HCLTech has raised its FY27 revenue growth guidance to 2.5-4% from 1-4%, while retaining its EBIT margin outlook. The company also reported 2.3% sequential constant currency revenue growth and a 28.4% rise in advanced AI revenue to $219 million.

HCLTech Q2 Decoded: Record Profit On Rupee Tailwind, Hiring Rebound Despite AI Boom, And Software Slip

HCLTech's net profit rose 11% to an all-time high; advanced AI revenue jumped 28.1% as deal wins reached $3.26 billion.

Top 2 stocks to buy for tomorrow: PNB Housing Finance, TVS Motor Company by Chandan Taparia - Check stop-loss, targets

Indian markets fell on Monday, with the Nifty 50 down 0.7% and Sensex down 0.76%, as investors weighed rupee concerns, high crude prices and monsoon risks. Analyst Chandan Taparia recommended PNB Housing Finance and TVS Motor, while technical levels suggest continued pressure on both indices.

The Two-Portfolio Household: Why Couples in Their 40s Should Stop Treating Every Rupee the Same

With ₹1.5 crore in their investment corpus, Ajay and Supriya Pandey face a crucial management decision. They intend to craft a dual-portfolio strategy, creating a growth portfolio tailored for retirement and a responsibilities portfolio designated for upcoming expenses. This plan allows them to fulfill immediate needs like education and healthcare without sacrificing their long-term financial growth.

Dow Jones| Nasdaq | US Stock Market Today | Live: Dollar index hits 102, highest since April 2025; markets remain muted

Dow Jones| Nasdaq | US Stock Market Today | Live: Dollar index hits 102.55, highest since April 2025; markets remain muted

RBI measures, intervention spark rupee's sharpest rally in six months

On Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar purchases will now be directed away from the spot market, easing pressure on the rupee. This intervention aims to address the mounting balance of payments challenges due to high oil prices. However, analysts remain cautious about the sustainability of the rupee's recovery moving forward.

Three Reasons Why Market Is Falling Today: Sensex Down 1,000 Points From Day's High, Nifty Below 22,400

A broken support, RBI's rupee curbs and a 7.5% jump in India VIX are weighing on sentiment as foreign selling continues.

INR vs USD: RBI's rupee support move shows results as Indian currency jumps 1% post dollar-demand curbs: Investors guide

The rupee surged nearly 1% after the RBI introduced steps to redirect oil companies’ dollar purchases and curb corporate demand for forward dollars. Analysts expect near-term support, but say a lasting recovery depends on crude prices, foreign investment flows and the US dollar.

Three Packages, One Year, Rupee Still 4% Weaker: Can RBI's Hedging Curbs Break The Pattern?

The RBI rolls out its third intervention this year to defend the rupee, but persistent macro headwinds suggest the relief may just be borrowed time.

Banks seek RBI relief, clarity on India's latest rupee-defence measures: Report

Banks have approached the Reserve Bank of India to request changes to the 20% cash deposit mandate. They propose that a flat charge replaces the deposit requirement for current-account hedging. This change could improve liquidity while ensuring cost transparency for businesses. Lenders also highlighted concerns over the $2 million threshold, which complicates hedge tracking. Clarity is needed regarding the deposit requirement for hedges related to interest payments on foreign loans.

Instead Of Burning Paddy Straw, These IIT Graduates Turned It Into A Crore-Rupee Business

Two IIT graduates have developed a way to turn paddy straw, commonly known as parali, into packaging material that works like thermocol but decomposes naturally in about 60 days.

Wall Street Bosses Look Past Pain Points To Ramp Up India Bets

High corporate taxes and the rupee's decline leave foreign firms smaller profits to repatriate into dollars.

Global Market: China's Yuan hovers near 3-1/2-year high as trade risks cloud outlook

China's yuan hovers near a 3-1/2-year high against the dollar as fading expectations of a US rate hike support the currency. However, trade tensions, China's widening yield disadvantage and concerns over export demand could limit further gains.

India 10-year bond yield tops 7.35% as RBI's liquidity clamp down hurts

On Monday, Indian government bonds experienced a significant decline due to central bank measures affecting liquidity. The benchmark 6.94% 2036 bond yield rose to its highest level in three years. The Reserve Bank of India announced it would sell 250 billion rupees of bonds to tighten liquidity. Meanwhile, the benchmark Brent crude price remained above $100 per barrel, impacting inflation.

'Hot Money Leaving Emerging Markets': Five Reasons Behind FII Exodus Crossing Rs 3 Lakh Crore

Crude hovering around $100, US yields at 24-year highs and a weak rupee are driving foreign money out of emerging markets, say analysts.

RBI Curbs May Support Rupee, But Oil Prices Remain A Risk: Nomura's Sonal Varma

The RBI’s measures to curb dollar demand could support near-term rupee appreciation, but higher oil prices and capital outflows remain key risks

HCLTech Shares Rise Ahead Of Q2 Results; Here's What To Expect

HCLTech Q2 Preview: Investors will closely monitor constant currency (CC) revenue growth, which is expected to come in at 2.5% to 3%, including an estimated 0.8% contribution from inorganic growth.

Rupee Jumps 1% Against US Dollar After RBI's Foreign Exchange Curbs Take Effect

The rupee appreciated nearly 94 paise to 95.81 levels against the greenback, after closing at 96.73 on Friday.

Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?

The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed to stabilize demand from oil companies and curb speculative trading. The RBI implemented restrictions on foreign exchange derivatives and increased cash reserves for banks. Despite this temporary relief, the rupee remains vulnerable to external pressures such as high crude prices and capital outflows.

Explained: How RBI is trying to arrest the rupee’s slide

India's currency has faced significant pressure due to rising oil prices and foreign selling of equities. The Reserve Bank of India is implementing measures to stabilize the rupee, including redirecting oil-related dollar demand. New rules have been introduced to curb corporate speculation and enhance bond flows for foreign investors. The government is also promoting non-resident investments in equities and foreign currency borrowings.

Rupee climbs 1% to 95.76 vs USD after RBI moves to curb dollar demand

The rupee surged 1% to 95.76 against the dollar at Monday’s open after the RBI introduced measures to curb dollar demand and speculative activity. The steps include restrictions on derivative contract rebooking and higher hedging costs. While reduced importer demand could lower forward premiums, higher balance-sheet costs and tighter liquidity may push pricing higher, Barclays said.

South Korean Won Hits Two-Year High On Lower Oil, Dollar Sales

The currency rose as much as 0.8% to 1,333.30 against the dollar after the markets returned from a three-day long weekend, before trimming its advance to 0.5%.

Indian Rupee Strengthens In Offshore Market After RBI Measures

One-month non-deliverable forwards showed the rupee strengthening as much as 2.7% to 94.17 per dollar before paring its gain to 0.7%.