-554.80
-160.55
+ 223.00
-649.00
-1,707.00
-554.80
-160.55
-160.55
+ 223.00
+ 223.00
-649.00
Updated - June 02, 2026 at 12:34 PM.
| Mumbai
India's central bank was likely selling dollars through state-run banks and pairing these with buy-sell dollar/rupee swaps on Tuesday, five traders said, as portfolio outflows and uncertainty over the Iran war continued to weigh on the rupee.
Dollar-rupee forward premiums pulled back on account of the central bank's buy/sell swaps, with the 1-year implied yield retreating 9 basis points to 3.06 per cent.
The rupee was down 0.2 per cent at 95.1750 per U.S. dollar. Traders said the losses would have been steeper if not for the central bank's market intervention.
Published on June 2, 2026
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