The rupee appreciated 29 paise to 94.62 against the American currency in early trade on Wednesday (October 21, 2026), supported by positive sentiments in the domestic market and RBI intervention to curb U.S. dollar demand.

Besides, the rupee got a boost from the foreign dollar inflows tied to the Jio IPO, which opened for public subscription on Wednesday (October 21, 2026), according to analysts.

However, elevated crude oil prices and a firm U.S. dollar capped the gains.

At the interbank foreign exchange market, the rupee opened stronger at 94.78 and then gained further ground to touch 94.62 against the American currency, registering a gain of 29 paise from its previous close.

On Monday (October 19, 2026), the rupee settled lower by 2 paise at 94.91 against the U.S. dollar.

The forex market was closed on Tuesday (October 20, 2026) on account of Dussehra.

‘’This strength is primarily underpinned by foreign dollar inflows tied to the Jio IPO alongside support from the Reserve Bank of India (RBI). To navigate dollar flows during the IPO allotment process, foreign investors are largely relying on sell/buy swaps—offloading dollars for rupees in the spot market while contracting to repurchase them within a short window, usually under a week,” said Aamir Makda, Commodity & Currency Analyst, Commodity Technical Research at Choice Broking.

Despite these positive drivers, elevated oil prices remain a significant headwind for the domestic currency, he added.

“Over the course of today’s session, the rupee is expected to consolidate within a trading band of 94.00 to 94.75 against the dollar,” Mr. Makda said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.58 , up marginally by 0.06%.

Brent crude, the global oil benchmark, was trading up 1.42% at $110.33 per barrel in futures trade.

In the domestic equity market, the Sensex climbed 665.10 points to 74,518, while the Nifty rose 188.40 points to 23,077.35.

Foreign Institutional Investors (FIIs) sold equities worth ₹1,148.64 crore on a net basis on Monday (October 19, 2026), according to exchange data.

The rupee depreciated 21 paise to 94.95 against U.S. dollar on Wednesday (September 9, 2026) weighed down by surging crude oil prices, which inched closer to the $100-a-barrel mark amid the simmering U.S.-Iran tensions.

A weak dollar, however, cushioned the fall, forex traders said.

At the interbank foreign exchange market, the rupee opened at 94.80 against the U.S. dollar, then touched 94.95, registering a fall of 21 paise from its previous close.

On Tuesday (September 8), the rupee fell 18 paise to close at 94.74 against the American currency.

“Indian rupee opened lower on escalating geopolitical tensions and a surge in crude oil prices. Brent has neared the $100 mark as U.S. and Iran attack each other,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

“The local currency is expected to trade with a negative bias on rising crude oil prices and escalating geopolitical tensions,” he said.

“Weak global markets may further pressurise the rupee. However, a weak dollar may support the rupee at lower levels. Investors now focus on inflation data from the US and India. USDINR spot price is expected to trade in a range of ₹94.70 to ₹95.15,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.76, lower by 0.03%.

Brent crude, the global oil benchmark, was trading 1.41% higher at $99.30 per barrel in futures trading, amid escalating U.S.-Iran tensions and fears of disruptions to oil flows through the Strait of Hormuz.

On the domestic equities market front, Sensex tanked 500.25 points to 75,060.61 in early trade while Nifty declined 129.40 points to 23,506.10.

Foreign institutional investors (FIIs) sold equities worth ₹123.19 crore on a net basis on Tuesday (September 8), according to exchange data.

Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday (September 8, 2026) as rising crude oil prices and the U.S.-Iran hostilities kept risk appetite subdued.

The 30-share BSE Sensex dropped 382.25 points to 75,750.56 in early trading. The 50-share NSE Nifty declined 97.80 points to 23,681.80.

Among the 30 Sensex firms, Mahindra & Mahindra, Trent, Sun Pharma, Axis Bank, ICICI Bank and Tata Consultancy Services were the major laggards.

Bharat Electronics, Eternal and Adani Ports were the gainers.

Brent crude, the global oil benchmark, traded 0.54% higher at $97.52 per barrel.

“Rising crude prices and renewed U.S.–Iran hostilities kept risk appetite subdued,” Rajesh Palviya, head of research, Axis Direct, said.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index quoted higher, while Hong Kong’s Hang Seng index traded lower.

U.S. markets were closed on Monday (September 7, 2026) for the Labour Day holiday.

“Global cues are mixed. U.S. markets were closed overnight for the Labour Day holiday, while Asian markets are trading mixed this morning, with the unresolved geopolitical crisis and elevated crude oil prices remaining the dominant variables for investor sentiment,” Hariselvan Radhakrishnan, founder & CEO of HST Wealth, a research analyst firm, said.

Foreign Institutional Investors (FIIs) bought equities worth ₹280.13 crore on Monday (September 7, 2026), according to exchange data.

“The geopolitical backdrop remains fragile as the U.S.-Iran conflict shows few signs of easing. Uncertainty surrounding the Strait of Hormuz and the timing of its full reopening continues to underpin concerns over global oil supplies and broader market sentiment,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

On Monday (September 7, 2026), the Sensex dropped 382.62 points, or 0.50%, to settle at 76,132.81. The Nifty declined 118.55 points, or 0.50%, to end at 23,779.15.

Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 18, 2026) as elevated crude oil prices and rising tensions in West Asia weighed heavily on investors’ sentiment.

The 30-share BSE Sensex was down 278.32 points to 77,450.64 in early trade. The 50-share NSE Nifty edged lower by 57.65 points to 24,230.45.

From the Sensex pack, Bharti Airtel, Asian Paints, InterGlobe Aviation, Infosys, HCL Tech and Tech Mahindra were among the major laggards.

Reliance Industries, Sun Pharma, Maruti and Axis Bank were among the winners.

Brent crude, the global oil benchmark, traded 0.63 per cent higher at $91.46 per barrel.

“Two developments during the last several hours are likely to impact the market today,at least in the early hours of trading. One, Brent crude has again spiked above $91 on escalation of tensions between Iran and the U.S. Two, the US 10-year bond yield has increased to 4.73% and this is negative for Foreign Institutional Investors (FII) inflows which had turned positive in July and August so far,” V. K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

The tailwind for the market is the resilient Indian economy and clear indications of a turnaround in earnings growth, he added.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index traded lower.

U.S. markets ended in negative territory on Monday (August 17).

“Elevated crude, with Brent near $91 on unresolved Iran tensions, kept sentiment guarded. Wall Street mirrored the caution,” Rajesh Palviya, Head of Research at Axis Direct, said.

FIIs offloaded equities worth Rs 2,535.10 crore on Monday (August 17), according to exchange data.

On Monday (August 17), the Sensex declined 281.09 points, or 0.36%, to settle at 77,728.16. The Nifty was down 78.35 points, or 0.32%, to end at 24,287.65, taking the losses to the fifth day.

The rupee declined by 11 paise to settle at 95.28 (provisional) against the U.S. dollar on Monday (August 10, 2026) amid a firm greenback and a rise in global crude oil prices.

Lack of any breakthrough in talks in West Asia put further pressure on the local unit, while FII inflows provided some support, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.18 and traded in a narrow range of 95.18-95.31 during the day. The local unit settled at 95.28 (provisional), down 11 paise from its previous close of 95.17 on Friday (August 7, 2026).

“Rupee marginally dipped from last Friday’s [August 7, 2026] closing of 95.17. The slight weakness was due to the rise in Brent crude above $84 and the consequent expected impact on trade deficit. However, the FPI inflows, which have turned positive in July and are increasing in August, too, though in small quantities, are providing support to the rupee,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

“The rupee declined on Monday [August 10, 2026] on uncertainty over a deal between the U.S. and Iran and overnight surge in crude oil prices. U.S. dollar strengthened from lower levels. However, positive domestic markets cushioned the downside,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

“Traders may remain cautious ahead of the U.S. inflation data this week. USD INR spot price is expected to trade in a range of ₹95-95.60,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.66, up 0.13%.

Brent crude, the global oil benchmark, was trading higher by 0.96% at $84.35 per barrel in futures trade.

On the domestic equity market front, Sensex ended 43.27 points, or 0.06%, up at 78,542.44, while Nifty, too, saw a marginal rise by 13.15 points, or 0.05%, to 24,583.80.

Foreign institutional investors purchased equities worth ₹480.24 crore on a net basis on Friday (August 7, 2026), according to exchange data.

The RBI data released on Friday (August 7, 2026) showed that the country’s forex reserves jumped by ₹10.512 billion to ₹692.866 billion during the week ended July 31.

State-owned explorer Oil and Natural Gas Corporation’s (ONGC) net profit more than doubled in the June-end quarter fuelled by a more-than-half times increase in net crude price realisations.

The Delhi-headquartered explorer’s net profit rose more than 112% on a year-over-year basis to ₹17,034 crore.

This was led by net crude oil price realisations, that is, the average price an explorer receives for each barrel of oil it sells, increasing 50.4% to $99.45 per barrel.

Gross revenues increased 45.2% on a year-over-year basis to ₹46,460 crore.

ONGC’s standalone production of crude oil and natural gas stayed nearly flat in the reported quarter from the comparable period last year at 4.452 million metric tonnes (MMT) and 4.756 billion cubic metres (BCM).

Oil production stood at 4.683 MMT and natural gas at 4.846 BCM in the comparable period last year.

The explorer although exuded confidence in arresting the production decline on a year-over-year basis.

“The production decline trend is expected to be arrested and progressively reversed through the successful execution of strategic projects such as Daman Upside Development Project, TSP and DSF,” it held.

The rupee depreciated 27 paise to close at 95.65 (provisional) against the U.S. dollar on Monday (July 13, 2026), weighed down by elevated crude oil prices after Iran declared the Strait of Hormuz closed.

Forex traders said renewed drone and missile strikes between the U.S. and Iran prompted supply concerns, while elevated crude oil prices and a strong greenback triggered capital outflows.

At the interbank foreign exchange market, the rupee opened at 95.72 against the American currency and traded in a range of 95.58-95.86 during the session.

The rupee finally closed at 95.65 (provisional), down 27 paise from its previous close.

On Friday, the rupee rose 9 paise to settle at 95.38 against the U.S. dollar.

“The Indian rupee opened lower as the U.S.-Iran war intensified over the weekend. A surge in crude oil prices and a rise in the U.S. dollar too pressurised the rupee. However, the rupee recovered from lower levels on recovery in the domestic markets and some softening of crude oil prices from the day’s highs,” said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

Mr. Choudhary further said, “We expect the rupee to trade with a negative bias on risk aversion in global markets amid heightened tensions between the U.S. and Iran. However, diplomatic efforts to de-escalate tensions may support the rupee at lower levels.” USD-INR spot price is expected to trade in a range of 95.40 to 96, Mr. Choudhary said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.91, down 0.03%.

Brent crude, the global oil benchmark, was trading higher by 1.93% at ₹77.48 per barrel in futures trade.

On the domestic equity market front, Sensex ended marginally higher by 47.01 points at 77,616.40, while the Nifty was up 4.10 points to 24,211.

Foreign institutional investors purchased equities worth ₹2,603.72 crore on a net basis on Friday, according to exchange data.

On the domestic macroeconomic front, the Reserve Bank of India on Friday said the country’s forex reserves jumped $7.26 billion to $674.193 billion during the week ended July 3.

In the previous reporting week, the forex kitty had dropped by $5.654 billion to $666.933 billion.

Meanwhile, Commerce and Industry Minister Piyush Goyal on Monday said India and the U.S. teams are fully engaged for a trade pact that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers.