Exchange Rate
Rupee opens flat at 95.55 against US dollar
The Indian rupee opened flat at 95.55 against the US dollar as tensions between the US and Iran raised concerns over rising crude oil prices, impacting markets and increasing inflationary pressures amid geopolitical risks.
2 min read9 Jul 2026Rupee opens 19 paise higher at 95.20 against US dollar
The Indian rupee rose 19 paise to 95.20 against the US dollar, ending a four-day decline. A weaker dollar and slowing US job growth boosted emerging market currencies. The RBI's focus remains on stabilizing reserves, while strengthened ties with Japan promise long-term economic benefits.
2 min read3 Jul 2026An emerging economy’s exchange rate policy is not always about economics. Here's why
With a currency’s external value often seen as a measure of national strength rather than a price that modulates commercial relations with others, politics often informs exchange-rate management. In some cases, it’s a negotiation between numbers and narratives.
4 min read30 Jun 2026How rupee movements directly affect your gold ETF returns: Experts explain the impact
For Indian investors, gold ETF returns are driven by global gold prices and currency movements. A weaker rupee can amplify gains, while a stronger rupee can reduce them. However, experts caution against making investment decisions solely on exchange rate expectations.
3 min read29 Jun 2026Rupee opens 25 paise lower at 95.52 against US dollar
The rupee fell 25 paise to 95.52 against the US dollar amid escalating US-Iran tensions and rising crude oil prices, raising concerns about India's inflation and external balance. The RBI's intervention aims to stabilize the currency, but sustained support is needed alongside moderating oil prices.
2 min read11 Jun 2026How Indians keep overpaying abroad even after buying ‘zero forex’ cards
Indian travellers swear by ‘zero forex’ cards, yet still overpay abroad. The real cost lies not in visible fees, but in padded exchange rates and conversion traps few travellers notice.
4 min read4 Feb 2026Rupee past 90: Why an undervalued real exchange rate is a double-edged sword
The rupee's current real undervaluation is beneficial for exports, but its impact risks quick neutralization by high import costs for inputs and the influx of cheaper, often dumped, Chinese goods.
4 min read9 Dec 2025How Trump 2.0 has changed the rupee-dollar rate story, in charts
US President Donald Trump has jolted the rupee-dollar market from its usual path of gentle depreciation, under a managed float. Mint explores how Trump 2.0 has impacted India’s rupee-dollar exchange rate policy.
3 min read6 Jul 2025India's forex reserves snap three-week gaining streak, drop by $2.54 billion to $635.721 billion
India's forex reserves had hit an all-time high of $704.885 billion in September 2024. The forex kitty declined thereafter due to forex market interventions by RBI to reduce volatility in the rupee.
2 min read21 Feb 2025Excessive rupee volatility may impact trade, but remains a free-float currency: Finance secretary Tuhin Kanta Pandey
The Indian rupee tumbled to a record low against the US dollar amid global trade tensions, but the government is not worried, emphasizing the currency’s free-floating nature and the RBI’s role in managing volatility.
2 min read3 Feb 2025Wait for it…
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