{
  "id": 3229128,
  "title": "Indian Rupee: Range holds against US Dollar as inflows offset trade drag – DBS",
  "url": "https://urgent.news/2026/08/25/indian-rupee-range-holds-against-us-dollar-as-inflows-offset-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T09:02:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/indian-rupee-range-holds-against-us-dollar-as-inflows-offset-trade-drag-dbs-202608250902"
  },
  "original_language": "en",
  "account": "The Indian Rupee has remained range-bound against the US Dollar, hovering in a tight 95.50–96.00 range, according to DBS economist Radhika Rao. The stability is attributed to spot-neutral swap flows, hedging demand, and official intervention, despite improving portfolio flows and a surge in flows through the special swap schemes. Banks have raised a cumulative $72.8bn via the swap windows by August 21, with nearly 90% coming through the deposit program. This surge has the potential to push total FCNR funds over $70-75bn, bringing the overall amount above $80-90bn. While the pace of fund raising has accelerated in recent weeks, the pressure from a large goods trade deficit continues to hinder significant gains in the Rupee.",
  "summary": "DBS economist Radhika Rao observes that strong FCNR (B) swap inflows and higher FX reserves have not translated into significant Rupee gains, with USD/INR staying in a tight 95.50–96.00 range.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen: Range trade within 157.90 and 159.80 against US Dollar – UOB",
        "url": "https://urgent.news/2026/08/25/japanese-yen-range-trade-within-157-90-and-159-80-against-us-dollar",
        "published": "2026-08-25T09:17:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}