India Has Signaled Discomfort With Further Rupee Depreciation, says Nomura -- Market Talk

Dow Jones

Jun 03

1045 GMT - India has signaled that it is not comfortable with further depreciation in the rupee, Nomura's Sonal Varma says on the sidelines of the Nomura Investment Forum Asia. Measures have been taken towards addressing the outflow of investments, including the prime minister's appeal to locals to conserve foreign exchange and stop buying gold, Varma says, adding that more measures can be taken. However, if the Iran situation and oil prices don't settle down, it will remain difficult for the currency, Varma says. The central bank could take non-monetary measures soon to further intervene, Varma says. The 100 level for U.S. dollar-rupee exchange rate is likely a psychologically important level to watch, Varma adds. The U.S. dollar was last 0.5% higher at 95.7050 rupees. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 06:45 ET (10:45 GMT)

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Measures have been taken towards addressing the outflow of investments, including the prime minister's appeal to locals to conserve foreign exchange and stop buying gold, Varma says, adding that more measures can be taken. However, if the Iran situation and oil prices don't settle down, it will remain difficult for the currency, Varma says. The central bank could take non-monetary measures soon to further intervene, Varma says. The 100 level for U.S. dollar-rupee exchange rate is likely a psychologically important level to watch, Varma adds. The U.S. dollar was last 0.5% higher at 95.7050 rupees. 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Measures have been taken towards addressing the outflow of investments, including the prime minister's appeal to locals to conserve foreign exchange and stop buying gold, Varma says, adding that more measures can be taken. However, if the Iran situation and oil prices don't settle down, it will remain difficult for the currency, Varma says. The central bank could take non-monetary measures soon to further intervene, Varma says. The 100 level for U.S. dollar-rupee exchange rate is likely a psychologically important level to watch, Varma adds. The U.S. dollar was last 0.5% higher at 95.7050 rupees. (kimberley.kao@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 03, 2026 06:45 ET (10:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4552","symbol_name":"Archegos爆仓风波概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640690522","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640690522","pubTimestamp":1780483500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1045 GMT - India has signaled that it is not comfortable with further depreciation in the rupee, Nomura's Sonal Varma says on the sidelines of the Nomura Investment Forum Asia. Measures have been taken towards addressing the outflow of investments, including the prime minister's appeal to locals to conserve foreign exchange and stop buying gold, Varma says, adding that more measures can be taken. However, if the Iran situation and oil prices don't settle down, it will remain difficult for the currency, Varma says. The central bank could take non-monetary measures soon to further intervene, Varma says. The 100 level for U.S. dollar-rupee exchange rate is likely a psychologically important level to watch, Varma adds. The U.S. dollar was last 0.5% higher at 95.7050 rupees. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4552":"Archegos爆仓风波概念","NMR":"野村控股","BK4127":"投资银行业与经纪业"},"translate_title":"野村证券表示，印度已表示对卢比进一步贬值感到不安——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NMR":1.5,"MNDmain":1.5},"content_text":"1045 GMT - India has signaled that it is not comfortable with further depreciation in the rupee, Nomura's Sonal Varma says on the sidelines of the Nomura Investment Forum Asia. Measures have been taken towards addressing the outflow of investments, including the prime minister's appeal to locals to conserve foreign exchange and stop buying gold, Varma says, adding that more measures can be taken. However, if the Iran situation and oil prices don't settle down, it will remain difficult for the currency, Varma says. The central bank could take non-monetary measures soon to further intervene, Varma says. The 100 level for U.S. dollar-rupee exchange rate is likely a psychologically important level to watch, Varma adds. The U.S. dollar was last 0.5% higher at 95.7050 rupees. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 03, 2026 06:45 ET (10:45 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}