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MUMBAI, Feb 6 (Reuters) - The Indian rupee was headed lower against the dollar on Monday after a better-than-expected U.S. jobs report prompted investors to bet on more Federal Reserve rate increases. The 1-month non-deliverable forward suggested that the rupee would open at 82.35-82.40 to the dollar compared with 81.8275 in the previous session. "We continue to expect two more 25 basis points fed funds rate hikes in March and May, and we continue to expect no rate cuts in 2023." Goldman Sachs's call for no rate cuts this year compares to CME futures indicating shallow rate cuts later this year. "Oil prices are a big positive for the rupee, but we doubt that will have a large impact," the trader said.

MUMBAI, Jan 23 (Reuters) - The Indian rupee is expected to extend its gains this week, while government bond yields may move marginally higher due to worries about yet another year of elevated borrowing. The local unit is likely to add to its momentum and trade in a broad 80.50-81.50 range this week, analysts said. Despite the corporate flows in the market, steady foreign investment into equities is more important, so it seems appropriate for the rupee to trade around those levels, Biswas added. Market participants expect the benchmark bond yield to trade in the 7.30%-7.40% band this week. The Reserve Bank of India will auction 40 billion rupees each of five- and 10-year green bonds on Wednesday.

☆ INDIA RUPEE Rupee seen lower as growth fears hit risk sentiment
▼ + stars: | 2023-01-19 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 19 (Reuters) - The Indian rupee is likely to weaken at open against the U.S. dollar on Thursday as mounting global growth concerns prompted investors to exit risk assets. The rupee is tipped at around 81.45 to the dollar in early trading against the dollar, compared with the 81.24 close in the previous session. The S&P 500 index fell the most in over a month overnight as weak U.S. retail sales data fuelled worries on the growth front. Retail sales fell more than expected in December, putting consumer spending and the overall economy on a weaker growth path heading into 2023. Further, the decline in retail sales in November was revised to show an even weaker reading.

☆ INDIA RUPEE Rupee likely to inch up on upbeat Asian cues
▼ + stars: | 2023-01-16 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 16 (Reuters) - The Indian rupee may open marginally higher against the U.S. dollar on Monday, supported by a further uptick in Asian currencies after last week's rally. The rupee was likely to open at 81.25 per dollar compared with 81.3250 in the previous session. However, it was fairly obvious that rupee will not be repeating the kind of rally it saw last week, he said. Portfolio outflows and likely decent support (for USD/INR pair) at 81 should keep rupee in check, he added. Foreign portfolio investors have taken out $1.8 billion from Indian equities so for this month and $116 million from debt.

MUMBAI, Jan 11 (Reuters) - The Indian rupee may open slightly higher against the dollar on Wednesday, building on the previous day's momentum when it managed to move above important resistance levels, traders said. The rupee is tipped to open at around 81.66-81.70 compared with 81.7850 in the previous session. Yesterday, the rupee managed to scale multiple resistance levels that were there between 81.80 to 82.20, surprising most market participants, a spot trader at a foreign bank said. The rupee will simply be carrying yesterday's momentum at open, he added. Anil Bhansali, head treasury at Finrex Treasury Advisors, reckoned that after Tuesday's move, the new support levels for USD/INR are at 81.70 and 81.40.

☆ INDIA RUPEE Rupee may firm on smaller Fed rate hike bets; dollar hits 7-month low
▼ + stars: | 2023-01-10 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

The dollar index dropped below 103 overnight to its lowest level since June, extending its U.S. jobs data-prompted slide. ING Bank said in a note that after the U.S. jobs data, Fed futures have reverted to pricing in a peak rate of less than 5%. The focus now shifts to Fed Chair Jerome Powell's speech later in the day and to the critical U.S. inflation on Thursday. Fed policymakers said on Monday the inflation data will help them decide whether they can slow the pace of interest rate hikes at their upcoming meeting to 25 basis points. Overnight, U.S. shares slipped overnight, unable to sustain an earlier rally.

☆ INDIA RUPEE Rupee to open flat; volatility tipped to rise later in Jan
▼ + stars: | 2023-01-02 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 2 (Reuters) - The Indian rupee is tipped to open little changed against the U.S. dollar on Monday, with traders assessing the outlook for the local currency after a difficult year. The rupee is expected at around 82.70-82.75 per dollar at the open, compared to 82.72 in the previous session. We anticipate an increase in volatility later this month on new positions and flows and before India's budget, the trader said. At the open, the rupee will have to contend with the 3% jump in Brent crude futures on Friday. The dollar index was little changed, at around 103.5, to begin the week.

☆ INDIA RUPEE Rupee may open slightly lower, risks falling below key support
▼ + stars: | 2022-12-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 22 (Reuters) - The Indian rupee is likely to open marginally lower against the U.S. currency on Thursday, weighed by persistent dollar demand from importers and rise in oil prices. The rupee is expected to be around 82.85-82.88 at open, compared with 82.81 in the previous session. It looks like it will be another session where help will be needed to prevent the rupee from falling below 83, a trader at a Mumbai-based private bank said. Public sector banks have been regularly selling dollars lately, when rupee falls near to 82.85-82.90 levels. Asian currencies were mostly higher, while the dollar index was down to 103.98 on the back of the positive.

☆ INDIA RUPEE Rupee likely to slip as U.S. data stokes higher rates worry
▼ + stars: | 2022-12-12 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 12 (Reuters) - The Indian rupee was expected to weaken at the open on Monday as the U.S. dollar and Treasury yields ticked higher as U.S. data late last week affirmed the need for higher interest rates. "Equity outflows are a visible headwind (to the rupee), likely given optimism on China," Barclays wrote in a note. The dollar index was back above the 105-level, while the benchmark Treasury yields were at 3.5820%, having jumped 9 basis points on Friday. Data, on that day, showed U.S. monthly producer prices rose 0.3% in November, higher than expected, with October figures revised upwards, suggesting interest rates would remain higher for longer. In India, November CPI data is due after market hours, which likely cooled to a nine-month low of 6.40%, a Reuters poll showed.

☆ INDIA RUPEE Rupee eyes stronger opening on subdued dollar, oil prices
▼ + stars: | 2022-12-08 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 8 (Reuters) - The Indian rupee was expected to open slightly stronger against the U.S. currency on Thursday, amid weaker oil prices and as the dollar dropped overnight on growth concerns in the world's top economy. The partially convertible rupee was seen around 82.30-82.35 per dollar in the opening trades, compared to its previous close of 82.47. Monitoring debt and equity inflows will be key, but the rupee could head towards 82.50-levels, the trader added. Several executives at top U.S. banks this week have warned about this possibility. Meanwhile, the Reserve Bank of India hiked the key repo rate by 35 basis points (bps) to 6.25% on Wednesday but sounded more hawkish than market expectations about fighting inflation.

☆ INDIA RUPEE Rupee likely to fall after robust U.S. data sparks rate hike fears
▼ + stars: | 2022-12-06 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 6 (Reuters) - The Indian rupee is expected to open lower versus the dollar on Tuesday after better-than-expected U.S. data rekindled worries on how high the Federal Reserve will hike rates. The rupee is projected to open at around 81.90 per U.S. dollar, weaker than the 81.79 closing in the previous session. The rupee has in the last two sessions declined despite a host of positive cues. The rise in Treasury yields and expectations that the Reserve Bank of India will deliver a smaller rate hike on Wednesday may push rupee forward premiums to new multi-year lows. The RBI will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters.

The rupee is tipped to open at around 80.65-80.70 per dollar, up from the previous session's close of 80.7950. The local currency jumped 2% last week in its best gain in almost four years. The rupee has already corrected more than 3% from record lows and "then you have to consider oil prices", the trader said. Asian currencies began the week on a positive note, keeping up the momentum fuelled by softer-than-expected U.S. inflation data. The data has prompted traders to calibrate again the pace of Fed rate hikes.

☆ INDIA RUPEE Rupee seen surging above 81/USD on rising bets of Fed pivot
▼ + stars: | 2022-11-11 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 11 (Reuters) - The Indian rupee is expected to jump against the dollar on Friday, after softer-than-expected U.S. inflation prompted bets that the Federal Reserve will pivot to a slower pace of rate hikes. The dollar index and Treasury yields plunged, while U.S. equities soared on signs that inflation was turning a corner. read moreThe relief on the inflation reinforced the likelihood that the Fed will opt for smaller rate hikes from its December meeting onwards. Fed Chair Jerome Powell had signalled after the November policy decision that a moderation in the size of hikes was possible. The dollar index dropped 2%, its biggest decline in many years.

MUMBAI, Nov 3 (Reuters) - The Indian rupee is tipped to decline against the dollar on Thursday, after U.S. Federal Reserve Chair Jerome Powell noted that interest rate hikes might have to rise more than what was previously expected. The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session. "Based on the reaction of U.S. bond and equity markets to Powell's remarks, rupee, like the rest of Asia, will struggle at open," a trader at a Mumbai-based bank said. It was "very premature" to discuss when the Fed might pause its increases, Powell added. ING Bank pointed out that Powell highlighted an important distinction between the pace of rate hikes and what will be the ultimate, or terminal, rate level.

MUMBAI, Nov 2 (Reuters) - The Indian rupee is expected to open little changed to the dollar on Wednesday as traders look for the U.S. Federal Reserve's views on the path forward for rates. The rupee is tipped at around almost the same levels in early trading as the previous session's close of 82.6950. "If the Fed's thinking is it may be early to give that signal, expect a gap down on rupee tomorrow." Fed futures now point to an almost even chance of whether the U.S. central bank's next move will be a 50 bps or 75 bps hike. "Yet we expect the Fed to remain data dependent and emphasize cumulative policy rate tightening over any step down in pace."

MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to open slightly lower versus the dollar on Tuesday after the offshore Chinese yuan tumbled to a lifetime low. The rupee is tipped to open at around 82.74-82.76 per U.S. dollar, compared with 82.6750 on Friday. Meanwhile, the dollar index dipped in Asia trading, adding to is recent losses on bets that the U.S. Federal Reserve will deliver a small rate hike in December. If it were not for yuan, the rupee would have had "had a decent opening" considering the "slightly less" hawkish Fed outlook, a trader at a Mumbai-based bank said. Another fall in India's foreign exchange "is probably another problem" for the rupee, the trader said.

MUMBAI, Sept 29 (Reuters) - The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. The rupee is seen at around 81.60-81.65 per dollar in early trades, up from a record closing low of 81.94 on Wednesday. The dollar index tumbled on Wednesday, Treasury yields fell sharply and U.S. equities recovered after the BoE took measures to stop the rout in the U.K. bond market. The dollar index fell the most in more than two years on Wednesday, as risk aversion eased. The 10-year Treasury yield dropped to near 3.70%.

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