Latest news with #AmitPabari
Economic Times
22-07-2025
- Business
- Economic Times
Drop in US Treasury yields helps Indian rupee
On Tuesday, the Indian Rupee saw a slight increase. Concerns about the U.S. trade war impacted Treasury yields and the dollar. The Indian rupee saw a marginal increase, while dollar-rupee forward premiums rose amidst concerns over the economic impact of the U.S.-China trade war, which drove down U.S. Treasury yields and crude oil prices. Despite reports of a potential delay in a U.S. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee was marginally stronger on Tuesday and dollar-rupee forward premiums ticked up as concerns over the economic fallout of U.S. President Donald Trump's trade war drove U.S. Treasury yields, the greenback and crude oil prices rupee ticked up to 86.2650 per U.S. dollar by 11:10 a.m. IST, slightly higher than its close at 86.2925 in the previous dollar index was steady at 97.9 in Asia trading after falling 0.6% on Monday, tracking a decline in U.S. Treasury yields that saw the 10-year yield touch a near two-week low of about 4.35%.Short-term U.S. Treasury yields declined as well, which helped boost far-tenor dollar-rupee forward 1-year dollar rupee implied yield rose to an over two-week high of 2.03%, while a fall in rupee liquidity in the banking system helped lift very near-tenor dollar-rupee swap assets largely sidestepped a media report that a trade deal between India and the U.S. is unlikely before August 1 with equities and the rupee clinging to slight gains while the yield on the benchmark 10-year bond was little reciprocal levies on exports to the U.S. are slated to go into effect next month with India likely to face a 26% charge in the absence of a deal."The rupee's trajectory remains tilted toward further weakness, with both the 86.00 and 86.20 levels now breached. This opens the door for a move toward 86.50-86.80," said Amit Pabari , managing director at FX advisory firm CR addition to uncertainty on global trade dynamics, muted foreign portfolio flows have also been a sore point for the investors have net sold about half a billion dollars of local stocks in July so far while year-to-date outflows stand at nearly $9.5 billion.
Time of India
22-07-2025
- Business
- Time of India
Drop in US Treasury yields helps Indian rupee
On Tuesday, the Indian Rupee saw a slight increase. Concerns about the U.S. trade war impacted Treasury yields and the dollar. The Indian rupee saw a marginal increase, while dollar-rupee forward premiums rose amidst concerns over the economic impact of the U.S.-China trade war, which drove down U.S. Treasury yields and crude oil prices. Despite reports of a potential delay in a U.S. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee was marginally stronger on Tuesday and dollar-rupee forward premiums ticked up as concerns over the economic fallout of U.S. President Donald Trump's trade war drove U.S. Treasury yields, the greenback and crude oil prices rupee ticked up to 86.2650 per U.S. dollar by 11:10 a.m. IST, slightly higher than its close at 86.2925 in the previous dollar index was steady at 97.9 in Asia trading after falling 0.6% on Monday, tracking a decline in U.S. Treasury yields that saw the 10-year yield touch a near two-week low of about 4.35%.Short-term U.S. Treasury yields declined as well, which helped boost far-tenor dollar-rupee forward 1-year dollar rupee implied yield rose to an over two-week high of 2.03%, while a fall in rupee liquidity in the banking system helped lift very near-tenor dollar-rupee swap assets largely sidestepped a media report that a trade deal between India and the U.S. is unlikely before August 1 with equities and the rupee clinging to slight gains while the yield on the benchmark 10-year bond was little reciprocal levies on exports to the U.S. are slated to go into effect next month with India likely to face a 26% charge in the absence of a deal."The rupee's trajectory remains tilted toward further weakness, with both the 86.00 and 86.20 levels now breached. This opens the door for a move toward 86.50-86.80," said Amit Pabari , managing director at FX advisory firm CR addition to uncertainty on global trade dynamics, muted foreign portfolio flows have also been a sore point for the investors have net sold about half a billion dollars of local stocks in July so far while year-to-date outflows stand at nearly $9.5 billion.
Mint
22-07-2025
- Business
- Mint
Drop in US Treasury yields helps Indian rupee
MUMBAI, July 22 (Reuters) - The Indian rupee was marginally stronger on Tuesday and dollar-rupee forward premiums ticked up as concerns over the economic fallout of U.S. President Donald Trump's trade war drove U.S. Treasury yields, the greenback and crude oil prices lower. The rupee ticked up to 86.2650 per U.S. dollar by 11:10 a.m. IST, slightly higher than its close at 86.2925 in the previous session. The dollar index was steady at 97.9 in Asia trading after falling 0.6% on Monday, tracking a decline in U.S. Treasury yields that saw the 10-year yield touch a near two-week low of about 4.35%. Short-term U.S. Treasury yields declined as well, which helped boost far-tenor dollar-rupee forward premiums. The 1-year dollar rupee implied yield rose to an over two-week high of 2.03%, while a fall in rupee liquidity in the banking system helped lift very near-tenor dollar-rupee swap rates. Indian assets largely sidestepped a media report that a trade deal between India and the U.S. is unlikely before August 1 with equities and the rupee clinging to slight gains while the yield on the benchmark 10-year bond was little changed. Steep reciprocal levies on exports to the U.S. are slated to go into effect next month with India likely to face a 26% charge in the absence of a deal. "The rupee's trajectory remains tilted toward further weakness, with both the 86.00 and 86.20 levels now breached. This opens the door for a move toward 86.50–86.80," said Amit Pabari, managing director at FX advisory firm CR Forex. In addition to uncertainty on global trade dynamics, muted foreign portfolio flows have also been a sore point for the rupee. Overseas investors have net sold about half a billion dollars of local stocks in July so far while year-to-date outflows stand at nearly $9.5 billion. (Reporting by Jaspreet Kalra; Editing by Ronojoy Mazumdar)
Reuters
22-07-2025
- Business
- Reuters
Drop in US Treasury yields helps Indian rupee
MUMBAI, July 22 (Reuters) - The Indian rupee was marginally stronger on Tuesday and dollar-rupee forward premiums ticked up as concerns over the economic fallout of U.S. President Donald Trump's trade war drove U.S. Treasury yields, the greenback and crude oil prices lower. The rupee ticked up to 86.2650 per U.S. dollar by 11:10 a.m. IST, slightly higher than its close at 86.2925 in the previous session. The dollar index was steady at 97.9 in Asia trading after falling 0.6% on Monday, tracking a decline in U.S. Treasury yields that saw the 10-year yield touch a near two-week low of about 4.35%. Short-term U.S. Treasury yields declined as well, which helped boost far-tenor dollar-rupee forward premiums. The 1-year dollar rupee implied yield rose to an over two-week high of 2.03%, while a fall in rupee liquidity in the banking system helped lift very near-tenor dollar-rupee swap rates. Indian assets largely sidestepped a media report that a trade deal between India and the U.S. is unlikely before August 1 with equities and the rupee clinging to slight gains while the yield on the benchmark 10-year bond was little changed. Steep reciprocal levies on exports to the U.S. are slated to go into effect next month with India likely to face a 26% charge in the absence of a deal. "The rupee's trajectory remains tilted toward further weakness, with both the 86.00 and 86.20 levels now breached. This opens the door for a move toward 86.50–86.80," said Amit Pabari, managing director at FX advisory firm CR Forex. In addition to uncertainty on global trade dynamics, muted foreign portfolio flows have also been a sore point for the rupee. Overseas investors have net sold about half a billion dollars of local stocks in July so far while year-to-date outflows stand at nearly $9.5 billion.
Reuters
21-07-2025
- Business
- Reuters
Rupee dips to near one-month low, pressured by dollar bids from foreign banks
MUMBAI, July 21(Reuters) - The Indian rupee slipped on Monday to its weakest level in nearly one month, pressured by dollar demand from foreign and local private banks, and modest weakness in its regional peers. The rupee declined to 86.2725 per dollar by 11 a.m. IST, down 0.1% on the day. The currency hit its weakest level since June 23 at 86.35 in early trading. Most Asian currencies were trading lower, while the dollar index was little changed, with investors keeping an eye on trade negotiations ahead of an August 1 deadline to strike deals with Washington. "If the discussions fail or get delayed, Indian exporters could face fresh pressure, adding to the rupee's challenges. However, if a deal is reached, it could offer a much-needed breather," said Amit Pabari, managing director at FX advisory firm CR Forex. Meanwhile, a narrow arbitrage between non-deliverable and onshore rates helped nudge dollar-rupee forward premiums higher, with the one-month forward premium ticking up to 12.25 paisa, its highest level in three weeks. The one-year dollar-rupee implied yield was also a tad higher at 1.99%. The arbitrage isn't "too large," a swap trader at a state-run bank said. The trader said the dollar-rupee daily fix was last quoted at a 0.20/0.30 paisa premium, signalling heightened demand for dollars at the reference rate. On the day, India's benchmark equity indexes, the BSE Sensex (.BSESN), opens new tab and Nifty 50 (.NSEI), opens new tab, were trading higher, while the yield on the benchmark 10-year bond was little changed.
