USD/INR corrects to near 95.62 Thursday after the Treasury long-end buyback. DXY seven-week low 98.77 Wednesday. 30-year near 5.18%, 10-year near 4.64%. OCBC: INR lags Asia on oil. September hold stays 65.4%.
The Indian rupee snaps a three-day losing streak against the dollar on Thursday. USD/INR corrects to near 95.62. That is the FXStreet stamp. The driver is the Treasury long-end buyback already live. Friday’s RBI dollar-sales note is the other live rupee tape.
On that page, as of writing, the dollar index sits near Wednesday’s seven-week low of 98.77. Thirty-year yields are down almost 2% from Tuesday’s close, near 5.18%. Ten-year yields hold Wednesday’s losses near 4.64%.
OCBC strategists wrote, as FXStreet quotes them, that the rupee will likely struggle to capitalise on the dollar pullback, with elevated oil prices and importer dollar demand still weighing. They wrote that RBI-linked dollar sales appear to have helped contain losses and keep USD/INR from extending higher. INR, they wrote, may continue to lag the broader Asian complex unless crude eases more meaningfully.
That is the pair-specific story. The bond tape is live: 10-year +4 basis points to 6.86% after hawkish RBI minutes. September hold stays 65.4% on our last tape.
Live rupee is on prices. The stamp sits on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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