DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Rupee to rally on dollar plunge fuelled by investor flight from US assets

April 10, 2025
in News
Rupee to rally on dollar plunge fuelled by investor flight from US assets
508
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

MUMBAI (Reuters) – The Indian rupee is likely to rally at open on Friday, lifted by the dollar’s slump likely triggered by investors exiting from U.S. assets amid mounting U.S. and China trade frictions.

The 1-month non-deliverable forward indicated that the rupee will open at 86.18 to 86.20 against the U.S. dollar compared with 86.6875 on Wednesday. India’s financial markets were off on Thursday.

The dollar’s slide “will obviously” lend support to the rupee at open, an FX spot trader at a Mumbai-based bank said. It is, however, unlikely that the Indian currency will manage to move past 86, he said.

The dollar index slumped 1.94% on Thursday, its biggest single-day fall in over two years, and extended losses during Asian hours, slipping below the key 100 mark.

Investors exited U.S. equities on Thursday, reversing a portion of the relief rally sparked by President Donald Trump pausing higher tariff rates on countries other than China. The sell-off extended to longer-dated U.S. Treasuries, with the 10-year yield poised for its biggest weekly rise in more than two decades.

Markets are clearly punishing U.S. assets again and the dollar is near a “confidence crisis”, ING Bank said in a note.

“The ‘sell America’ scenario is becoming tangible again with Treasuries and U.S. equities under pressure. That can be a very toxic combination for the dollar,” ING said.

Trump ramping up the tariff battle with China was among the key reasons analysts cited for reducing exposure to U.S. assets. Markets probably feel that the lack of immediate substitutes for some Chinese products means higher inflationary and recessionary risks for the U.S., ING Bank said.

Trump has raised tariffs on Chinese imports to an effective rate of 145%, further intensifying the high-stakes trade confrontation between the world’s two largest economies.

KEY INDICATORS:

** One-month non-deliverable rupee forward at 86.40; onshore one-month forward premium at 18.5 paise

** Dollar index down at 100.22

** Brent crude futures down 0.6% at $63 per barrel

** Ten-year U.S. note yield rises to 4.46%

** As per NSDL data, foreign investors sold a net $544 million worth of Indian shares on April 8

** NSDL data shows foreign investors sold a net $135 million worth of Indian bonds on April 9

(Reporting by Nimesh Vora; Editing by Mrigank Dhaniwala)

The post Rupee to rally on dollar plunge fuelled by investor flight from US assets appeared first on Reuters.

Tags: Indian rupeePresident Donald TrumpReutersU.S. DollarYahooYahoo Finance
Share203Tweet127Share
I’m 43 and a mom of toddlers. They motivate me to stay active.
News

I’m 43 and a mom of toddlers. They motivate me to stay active.

by Business Insider
June 3, 2025

 Getty ImagesI never felt ready to have a baby. I kept pushing it to later in life, even though I ...

Read more
Business

Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

June 3, 2025
News

The Emergent Trump Doctrine

June 3, 2025
News

Kevin Bacon Answers the Proust Questionnaire

June 3, 2025
News

Secularists think they won at the Supreme Court — but they’ll lose in the end

June 3, 2025
Trump’s War With Leonard Leo Could Expose a Conservative Legal Scam

Trump’s War With Leonard Leo Could Expose a Conservative Legal Scam

June 3, 2025
Gaming’s demographic reach: 36% of people ages 80 to 90 play video games | ESA

Gaming’s demographic reach: 36% of people ages 80 to 90 play video games | ESA

June 3, 2025
White House Unveils a New, Even Darker Presidential Portrait

White House Unveils a New, Darker Presidential Portrait

June 3, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.