The Reserve Bank of India's (RBI) cap on banks' forex positions provided only a temporary boost to the rupee, with the currency quickly reversing gains and breaching the 95-per-dollar mark due to persistent underlying pressures.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
The Indian rupee rebounded against the US dollar following intervention by the Reserve Bank of India, amidst ongoing concerns about foreign capital outflows, rising crude oil prices, and geopolitical instability.
The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that recent regulatory measures to address foreign exchange market volatility, such as capping banks' net open positions, are temporary and aligned with current market conditions, not signalling any structural shift in policy.
Suryakumar Yadav was seen practicing in the nets ahead of Mumbai Indians' IPL match against Sunrisers Hyderabad, while Rohit Sharma's availability remains uncertain due to a hamstring injury.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
The Indian rupee depreciated by 28 paise to settle at 93.44 against the US dollar, influenced by ongoing uncertainties surrounding West Asia peace negotiations, volatile crude oil prices, and the Reserve Bank of India's recent adjustments to non-deliverable forward market regulations.
Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.
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The Indian rupee experienced a significant surge against the US dollar following the Reserve Bank of India's measures to restrict banks from onshore forward markets. Despite this, the rupee remains under pressure from foreign capital outflows, a strong dollar, and rising crude oil prices.
State-owned Life Insurance Corporation of India (LIC) has reported a net profit of over Rs 23,400 crore for the January-March quarter, making it the highest profit-making firm in the Indian financial sector during this period, surpassing major banks like SBI and HDFC Bank.
The Indian rupee weakened against the US dollar due to geopolitical tensions surrounding the Strait of Hormuz and ahead of the Reserve Bank of India's monetary policy review.
Jannik Sinner's dedication to patience and control has transformed him into a formidable clay court player, making him a favourite for the French Open, even as he navigates the mental challenges of heightened expectations and a potential rematch with Carlos Alcaraz.
After 70 matches packed with collapses, comebacks and last-over drama, Royal Challengers Bengaluru, Gujarat Titans, Sunrisers Hyderabad and Rajasthan Royals have survived the grind to storm into the IPL 2026 playoffs.
NorthEast United FC concluded their Indian Super League campaign with a 2-0 victory over Mohammedan Sporting Club, with goals from Jairo Samperio and Dinesh Singh Soraisham.
Sreenidi Deccan FC fought back to secure a 1-1 draw against Dempo Sports Club in an Indian Football League match, with Hadi Idrissou's second-half goal cancelling out Marcus Joseph's early opener.
Gujarat Titans opener B Sai Sudharsan said they are focused on sealing a top-two finish rather than obsessing over net run-rate going into their final IPL league match.
Bengaluru FC concluded their Indian Super League 2025-26 campaign with a 2-1 victory over Chennaiyin FC. Ryan Williams and Serto Worneilen Kom scored for Bengaluru, while Daniel Chima Chukwu scored for Chennaiyin.
Kolkata Knight Riders confirm Rachin Ravindra's departure to prepare for New Zealand's Test tour of England, impacting KKR's squad balance in a crucial phase of the IPL season.
Punjab FC secured a dramatic 3-2 victory over Odisha FC in an Indian Super League match, boosting their title ambitions. Goals from Manglenthang Kipgen, Bede Osuji, and Dani Ramirez sealed the win for Punjab, while Suhair VP and Kartik Hantal scored for Odisha.
Josh Inglis's blistering 72 helped Lucknow Super Giants post a competitive 196 for six against Punjab Kings in their IPL match. Inglis and Ayush Badoni's aggressive batting helped Lucknow recover from an early slump.
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
Indian benchmark indices, Sensex and Nifty, closed marginally higher after a volatile trading session, driven by value buying in IT and select blue-chip counters, despite global crude price hikes and a weak rupee.
'I think it was good that starting the season with a really good performance.'
Indian equity benchmark indices Sensex and Nifty rebounded in early trade, driven by buying in blue-chip stocks and a positive trend in Asian markets, with domestic institutional investors providing crucial support.
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Kolkata Knight Riders face Mumbai Indians in a crucial IPL match, needing a win to keep their playoff hopes alive. Their fate also depends on other match results.
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Chennai Super Kings face Sunrisers Hyderabad in a crucial Indian Premier League clash at Chepauk Stadium. Both teams are vying for playoff spots, with CSK needing a win to stay in contention.
Punjab FC secured a 1-0 victory over Chennaiyin FC in their Indian Super League encounter, thanks to a late own goal. The win moves Punjab FC into sixth place, while Chennaiyin FC remain at the bottom of the table.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
Noida International Airport is set for its grand opening as roads are fixed and infrastructure preparations near completion. Here's what's ready and what to expect from the launch.
Lakshya Sen defeated Ng Ka Long Angus of Hong Kong to reach the men's singles quarterfinals of the All England Open Badminton Championships.
Real Madrid squeezed past Atletico in a pulsating Madrid derby while Inter were held, keeping Serie A title race alive.
Chanmari FC secured a 2-0 victory against Dempo SC in an Indian Football League match, with goals from Lalruatsanga and Jota. The win moved Chanmari to fifth place, while Dempo dropped to sixth.
Lakshya Sen defeated Hong Kong's Ng Ka Long Angus to reach the men's singles quarterfinals of the All England Open Badminton Championships.
FC Goa and Mohun Bagan Super Giant played out a 1-1 draw in their Indian Super League match, with goals from Jamie MacLaren and Ronney Willson Kharbudon.
Gujarat Titans have defied expectations to lead the IPL 2026 points table, showcasing a remarkable turnaround powered by a strong bowling unit, the inclusion of Jason Holder and Shubman Gill's effective leadership.
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