MUMBAI: The Indian rupee is expected to make a quiet start on Monday, with traders watching oil prices and foreign portfolio flows for directional cues while holding on to expectations that central bank intervention will limit the currency’s weakness.
The Indian rupee is expected to open in the 95.90-95.95 band, traders said, marginally weaker than its close at 95.8725 on Friday.
Oil prices slipped on Monday but held above $100 as Iran and the United States exchanged new threats while investors assessed the recovery in energy shipments from Saudi Arabia. Brent prices were down 2% at $101.7 per barrel.
Hopes of a diplomatic solution to the Iran war amid the UN meet this week also helped cool prices.
“Although elevated oil prices may keep the current account under pressure, we think that the improved capital flow dynamics should keep USD/INR within the 95-97 range,” Goldman Sachs said in a note.
The central bank’s capital inflow measures, which included sops for raising overseas FX deposits and borrowings, have helped lift India’s FX reserves to about $781 billion — granting the central bank firepower to fund the current account gap and limit rupee depreciation.
“Even if the broad USD rebounds, the RBI has demonstrated that it has plenty of tools to cap the upside in USD/INR, bearing in mind that it has not begun to hike policy rates yet,” the note added.
Expectations of foreign portfolio flows linked to a large domestic IPO could also offer support to the rupee on Monday, traders said.
The National Stock Exchange of India’s $2.3 billion IPO was fully subscribed on Friday and analysts expect the demand, especially from foreign institutional investors, to persist on Monday.
Regional currencies were mostly range-bound while share markets edged higher as AI’s insatiable demand for data buoyed chipmakers. Futures markets, though, pointed to a quiet start for equities in Mumbai.
AGHA 6.74 Increased By ▲ 0.14 (2.12%)
BECO 4.44 Increased By ▲ 0.01 (0.23%)
BML 49.70 Increased By ▲ 4.52 (10%)
BOP 31.19 Increased By ▲ 0.54 (1.76%)
CNERGY 12.92 Increased By ▲ 0.04 (0.31%)
CSIL 5.67 No Change ▼ 0.00 (0%)
FCCL 54.35 Increased By ▲ 1.26 (2.37%)
FFL 14.78 Increased By ▲ 0.24 (1.65%)
FNEL 1.10 Increased By ▲ 0.03 (2.8%)
KEL 6.82 Increased By ▲ 0.19 (2.87%)
KOSM 5.20 Increased By ▲ 0.04 (0.78%)
LOTCHEM 25.13 Increased By ▲ 0.54 (2.2%)
MLCF 94.76 Increased By ▲ 1.50 (1.61%)
NBP 170.55 Increased By ▲ 3.60 (2.16%)
NCPL 58.84 Increased By ▲ 3.06 (5.49%)
NPL 64.37 Increased By ▲ 2.47 (3.99%)
OGDC 318.06 Increased By ▲ 1.86 (0.59%)
PACE 10.28 Increased By ▲ 0.39 (3.94%)
PAEL 36.84 Increased By ▲ 1.18 (3.31%)
PIBTL 15.49 Increased By ▲ 0.53 (3.54%)
PPL 228.80 Increased By ▲ 3.29 (1.46%)
PRL 82.97 Decreased By ▼ -0.15 (-0.18%)
PTC 62.80 Decreased By ▼ -0.05 (-0.08%)
SSGC 23.88 Increased By ▲ 0.27 (1.14%)
TBL 9.10 Increased By ▲ 0.12 (1.34%)
TELE 7.73 Increased By ▲ 0.15 (1.98%)
TPL 22.51 Increased By ▲ 0.17 (0.76%)
TPLP 12.81 Increased By ▲ 0.07 (0.55%)
TREET 22.32 Increased By ▲ 1.01 (4.74%)
TRG 50.69 Increased By ▲ 1.06 (2.14%)
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Indian rupee slide poised for fleeting reprieve after oil rout extends | 0 | 5 | 02-07-2026 |
| 2 | Indian rupee gains as oil comes off; inflows, RBI intervention in focus | 0 | 5 | 21-07-2026 |
| 3 | Rupee gains 2 paise to 95.43 against US dollar during early trade | 0 | 8.78 | 14-08-2026 |
| 4 | Rupee falls 7 paise to 95.40 against US dollar during early trade | 0 | 9.1 | 13-08-2026 |
| 5 | Rupee falls 7 paise to 95.68 against US dollar during early trade | 0 | 11.62 | 18-08-2026 |
| 6 | RBI's inflow push gets off to strong start, fortifying India's balance of payments | 6 | 7 | 21-07-2026 |
| 7 | Indian shares set for positive start as oil prices drop on US-Iran talks | 2 | 6 | 02-07-2026 |
| 8 | Rupee closes unchanged at 95.89 against U.S. dollar | 0 | 14.55 | 18-09-2026 |
| 9 | Lower crude, firmer rupee and easing volatility drive sharp rebound in Indian equities | 0 | 7.3 | 28-07-2026 |
| 10 | Volatile yen draws intervention watch, other currencies subdued | 0 | 8.44 | 21-09-2026 |