The rupee appreciated 82 paise to 94.96 against U.S. dollar in early trade on Tuesday (October 13, 2026), supported by various RBI measures aimed at reducing immediate dollar demand and curbing excessive positions in the foreign exchange market.

Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions, are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee.

At the interbank foreign exchange market, the rupee opened at 95.53, then gained ground to touch 94.96, registering a gain of 82 paise over its previous close.

On Monday (October 12, 2026), the rupee appreciated 93 paise, logging its steepest single-day gain in more than six months, to close at 95.78 against the U.S. dollar.

“With the RBI’s measures supporting the rupee, we expect USD/INR to move towards 95.00–94.80 range in the near term,” CR Forex Advisors MD Amit Pabari said.

The RBI on Saturday tightened rules governing forex derivatives trades to curtail speculative bets against the rupee and asked banks to create a 20% reserve for dollar purchases of over $2 million.

In another set of measures announced on Saturday (October 10, 2026) on the derivatives front, the RBI said authorised dealers (AD) should not permit users to rebook any foreign exchange derivative contract involving the INR, whether deliverable or non-deliverable, which has been cancelled.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.15 per cent at 102.43.

Brent crude, the global oil benchmark, was trading lower by 1.11% at $105.47 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 305 points to 72,224.15, while the Nifty was up 93.40 points to 22,458.50.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,708.48 crore on a net basis on Monday, according to exchange data.

On the macroeconomic front, retail inflation in the country rose sharply to 5.54% in September on the back of high onion and other food prices, remaining just within the RBI’s tolerance band, government data released on Monday showed.

The consumer price index (CPI) based headline inflation was 4.83 per cent in August, according to the National Statistics Office (NSO).

The rupee rebounded sharply from a record low level, gaining 91 paise to 95.80 against the U.S. dollar in early trade on Monday (October 12, 2026), after the Reserve Bank of India stepped in with several measures to contain volatility in the currency exchange market.

The Reserve Bank, on Saturday (October 10, 2026), announced several measures, including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions, to reduce dollar demand in the spot market and curb speculative positions.

Forex analysts said that these measures are expected to help the Indian currency sustain pressure from elevated crude oil prices and a strong dollar.

The RBI, in its October 10 circulars, barred authorised dealers from allowing traders to rebook cancelled rupee-linked foreign exchange derivative contracts, while continuing to permit rollovers on maturity subject to existing regulations.

It also reduced the threshold for undertaking foreign exchange derivative transactions without establishing an underlying exposure to $5 million from $100 million, across authorised dealers and recognised stock exchanges.

The central bank also introduced a Foreign Exchange Risk Reserve (FERR), requiring authorised dealers to maintain with the RBI, in cash, 20 per cent of the rupee equivalent of the notional amount of each rupee-linked foreign exchange derivative contract exceeding USD 2 million, where the transaction is undertaken to hedge current account exposures involving the purchase of foreign currency against the rupee.

The RBI said the measures were aimed at strengthening market discipline and ensuring appropriate risk management while maintaining an orderly and transparent foreign exchange market.

At the interbank foreign exchange market, the rupee opened stronger at 95.61 and pared some gains in early deals to trade at 95.80 against the greenback, registering a rise of 91 paise over its previous close.

The Indian currency closed Friday’s session with a gain of 17 paise at 96.71, a day after falling 13 paise to hit its lowest closing level of 96.88 against the dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally lower by 0.08% at 101.94.

The rupee depreciated by 13 paise to close at 96.88 (provisional) against the U.S. dollar on Thursday (October 8, 2026), on risk aversion in global markets amid escalation of geopolitical tensions.

Forex traders said the rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength (DXY trading near multi-month highs) and elevated Brent crude prices hovering near $104 per barrel.

However, suspected intervention by the Reserve Bank of India supported the domestic unit at lower levels.

At the interbank foreign exchange market, the rupee opened at 96.71 against the U.S. dollar; in intraday trade, the rupee touched a high of 96.65 and a low of 96.79 against the greenback.

At the end of the trading session on Thursday, the rupee closed at 96.88 (provisional), down 13 paise over its previous close.

On Wednesday, the rupee closed at 96.75 against the American currency.

“We expect the rupee to trade with a negative bias on risk aversion in global markets amid escalation of geopolitical tensions. A strong dollar and surge in crude oil prices may also pressurise the rupee.

“However, declining odds of a rate hike by the U.S. Fed in October and any intervention by the RBI may support the rupee at lower levels. Traders may also take cues from weekly unemployment claims data out of the U.S.,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

Forex traders said investors will wait for the RBI to take action against speculation on the USD/INR pair, with the Governor Sanjay Malhotra assuring to help in finding rupee to its true value, which is undervalued presently.

“We will ensure that the rupee stabilises, that the rupee finds its correct value, and we will support an orderly movement of the rupee in finding its correct value and at the same time in ensuring that there is no excessive volatility,” the RBI governor said on Wednesday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 102.40, higher by 0.16 per cent.

Brent crude, the global oil benchmark, was trading higher by 4.20% at $104.41 per barrel in futures trade amid concerns over disruptions to crude supplies through the Strait of Hormuz.

The resurgence in crude oil prices is largely fuelled by ongoing geopolitical tensions in the Middle East, where attacks on commercial shipping in the Gulf and Strait of Hormuz threaten global supply lines.

On the domestic equity market front, Sensex tumbled 1,045.46 points to settle at 71,593.24, while the Nifty slumped 371.25 points to 22,231.80.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,121.37 crore on a net basis on Wednesday, according to exchange data.

The rupee opened with a negative bias amid a strong dollar and rising U.S. treasury yields and depreciated 18 paise to 96.38 against the U.S. dollar as market sentiments continue to dampen amid simmering tensions between the U.S. and Iran.

Forex traders said rupee remains vulnerable to the rise in crude oil prices as also the closure of the Strait of Hormuz hampering its exports and imports to the Gulf countries.

At the interbank foreign exchange market, the rupee opened at 96.38 against the U.S. dollar, registering a fall of 18 paise from its previous close.

On Monday (May 18, 2026), the Indian rupee weakened further and closed at a record low of 96.20 against the U.S. dollar.

“The market’s biggest challenge right now is not just direction — it’s confidence. Until there is visible cooling in global tensions and stability in foreign flows, the rupee may continue trading under pressure with volatility staying elevated,” CR Forex Advisors MD Amit Pabari said.

Mr. Pabari further added that technically, 94.80–95.10 is expected to act as an important support zone for USD-INR. However, with no meaningful signs of easing in global risk factors, the pair now appears to be gradually shifting its focus toward the 97 mark.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.10, lower by 0.09% due to simmering Iran tensions.

Brent crude, the global oil benchmark, was trading down 1.91% at $109.96 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 366.71 points to 75,706.88 in early trade, while the Nifty advanced 107.45 points to 23,760.

Foreign Institutional Investors remained net buyers for the third straight session, purchasing equities worth ₹2,813.69 crore on Monday (May 18, 2026), according to exchange data.

Meanwhile, a senior petroleum ministry official on Monday (May 18, 2026) said India has been purchasing Russian oil irrespective of U.S. sanctions waivers and will continue to do so based on commercial viability and energy security needs.

“Regarding the American waiver on Russia, I would like to emphasise that we have been purchasing from Russia earlier… before waiver also, during waiver also, and now also,” Sujata Sharma, joint secretary in the petroleum ministry, told reporters at a media briefing.

The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday (May 11, 2026) after President Donald Trump rejected Iran’s response to the U.S.’s peace proposal, following which crude oil prices surged rapidly.

A strengthening U.S. dollar and steep FPI outflows further pressured the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 94.97 against the U.S. dollar before inching up to 94.90, down a staggering 139 paise from its previous close.

On Friday (May 8, 2026), the rupee pared its losses and ended with a sharp gain of 71 paise at 93.51 against the greenback.

Iran has sent its response to the latest U.S. ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, Iran’s state-run media said on Sunday (May 10, 2026).

Mr. Trump rejected Iran’s proposal to end the months-long war as “totally unacceptable” without sharing details even as a key Republican leader urged him to consider the “military option”.

“After U.S. President Donald Trump rejected Iran’s response to the U.S. Peace proposal, Brent oil rose higher, dollar index also higher and risky assets lower. Israeli attacks on Lebanon continued while Hezbollah said it struck Israeli army camps with drones while the UAE also intercepted drones from Iran,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“Thus the war continues keeping oil prices higher and accordingly rupee opened lower than Friday’s close. On Friday, the Reserve Bank of India (RBI) was present near to 94.70 levels taking the closing of rupee higher to 94.48,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.20, up 0.20 per cent.

Brent crude, the global oil benchmark, rose sharply by 4.17% to $105.5 per barrel in futures trade.

On the domestic equity market front, Sensex plummeted 810.35 points, or 1.05%, to 76,517.84, while the Nifty tanked 225.40 points, or 0.93%, to 23,950.75.

Foreign Institutional Investors offloaded equities worth ₹4,110.60 crore on Friday (May 8, 2026), according to exchange data.

India’s forex reserves dropped by $7.794 billion to $690.693 billion during the week ended May 1, the RBI said on Friday (May 8, 2026). In the previous reporting week ended April 24, the overall reserves declined by $4.82 billion to $698.487 billion.

The rupee depreciated 11 paise to 94.27 against U.S. dollar in early trade on Monday (April 27, 2026) driven by persistent dollar demand and a broader shift toward safe-haven assets.

Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions.

Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty.

At the interbank foreign exchange market the rupee opened at 94.25 against the U.S. dollar, then lost some ground and touched 94.27 against the U.S. dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday (April 24, 2026), the rupee had settled at 94.16 against the American currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was down 0.09% at 98.44.

Brent crude, the global oil benchmark, was trading higher by 1.16% at $106.55 per barrel in futures trade.

A mix of softer economic signals and renewed, even if fragile, hopes of diplomacy pulled the dollar lower again, CR Forex Advisors MD Amit Pabari said, adding that for Rupee, on one hand, a softer dollar offers relief. On the other, uncertainty remains the dominant force.

Meanwhile, India’s forex reserves have crossed $703 billion as of April 17, reflecting a consistent build-up of buffers.

“For now, the rupee continues to lean toward gradual weakness. Uncertainty remains the dominant force, shaping both global flows and local reactions,” Mr. Pabari said.

He further noted that any dips are likely to be bought into, with the 92.80–93.20 zone acting as a strong support. On the upside, 93.50 to 94.50 is expected to define the near-term range.

On the domestic equity market front, the 30-share benchmark index Sensex was trading 518.96 points or 0.68% higher at 77,183.17, while the broader Nifty was trading up 131.30 points or 0.55% at 24,029.25.

Foreign Institutional Investors offloaded equities worth ₹8,827.87 crore on Friday (April 24, 2026), according to exchange data.

In the recent past, there has been lot of apprehensions on the weakening of our currency, and rightly so. For a perspective on the extent of weakening of INR, over the past few decades, it depreciates on an average 2.5% to 3% per year against the U.S. Dollar.

We as a growing economy import a lot, higher than our exports, and to manage this, our currency depreciates. The issue in the recent past has been that in 2025-26, INR moved from 85.53 to the greenback on March 31, 2025 to 92.76 on March 30, 2026 i.e. a depreciation of 8.45%. If we look at the intermediate low point of 94.71 on March 23, 2026, till that point of time, our currency had depreciated 10.73%. How does this impact you?

The rupee extended its losing streak for the fourth straight session, sliding past the 94 level for the second time in a month and trading 34 paise lower at 94.12 against the U.S. dollar in early trade on Thursday (April 23, 2026), as crude oil prices surged amid a lack of progress in West Asia peace talks.

The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency, forex traders said.

At the interbank foreign exchange market, the rupee opened at 94.04 and lost further ground to trade at 94.12 against the greenback in early deals, registering a loss of 34 paise from the previous closing level.

The rupee declined 34 paise to close at 93.78 against the US dollar on Wednesday, the third straight day of fall. In the preceding two sessions, the currency has fallen by 53 paise.

Facing geopolitical headwinds triggered by the war in West Asia, the domestic currency breached the crucial 94-a-dollar level for the first time on March 23 and recorded its lowest-ever intra-day level of 95.22 on March 30. The currency recovered since then, following a slew of measures from the Reserve Bank of India.

It ended the previous week at 92.91 against the greenback on April 17 before giving in to the pressure again due to renewed tensions in West Asia and uncertainties over the opening of the Strait of Hormuz, the key route for global fuel supply.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.12 per cent higher at 98.53.

Brent crude, the global oil benchmark, was trading 1.37% higher at $103.31 per barrel in futures trade.

In the domestic equity markets the 30-share Sensex was trading 632.36 points or 0.81% down at 77,884.13 in early trade, while the Nifty declined 179.10 points or 0.73% to 24,198.90.

Foreign Institutional Investors offloaded equities worth about ₹2,078.36 crore on Wednesday (April 22, 2026), according to the exchange data.

In a latest development, President Donald Trump has said that the U.S. has extended the ceasefire with Iran indefinitely, as a new round of peace talks was on hold.

According to Iranian state media, Tehran acknowledged the ceasefire extension but didn’t say it was ready to attend a new round of talks to end the war.

The rupee depreciated 8 paise to 90.98 against the American currency in early trade on Tuesday (January 20, 2026), as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment.

Forex traders said rising geopolitical uncertainty, including renewed U.S. expansionary signals, has increased risk aversion and kept emerging market currencies under pressure.

Moreover, a sluggish domestic stock market triggered by an exodus of foreign capital, they said.

At the interbank foreign exchange, the rupee opened at 90.91 and lost ground to trade at 90.98 against the greenback, down 8 paise from its previous close.

On Monday (January 19), the rupee depreciated by 12 paise to close at 90.90 against the greenback, a tad above its record low closing level. On December 16, 2025, the rupee reached its lowest intra-day level of 91.14 and its lowest closing level of 90.93 against the American currency.

“The U.S. Supreme Court will be giving a decision on the legality of the Trump Tariffs, which will affect the world markets directly. Presently, all the markets are in risk-off mode with Gold and Silver getting bought as safe havens,” said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was trading 0.44% lower at 98.95.

Brent crude, the global oil benchmark, was trading 0.11% higher at $64.01 per barrel in futures trade.

On the domestic equity market front, Sensex declined 311.33 points to 82,934.85 in early trade, and the Nifty dropped 99.5 points to 25,486.

Foreign institutional investors offloaded equities worth ₹3,262.82 crore on Monday (January 19), according to exchange data.

“Foreign investors have withdrawn more than $3 billion from Indian equities so far in January, and the steady outflow has made the rupee increasingly sensitive to even modest dollar demand. With capital moving out, stability becomes harder to defend,” CR Forex Advisors MD Amit Pabari said.

Mr. Pabari further noted that the ongoing global uncertainty, combined with a sustained break above 91.07, could pave the way for a move toward the 91.70–92.00 zone, unless offset by active intervention from the RBI. On the downside, any corrective move is likely to find initial support in the 90.30–90.50 range.

The rupee weakened by 5 paise to 90.22 against the U.S. dollar in early trade on Tuesday (January 13, 2026), amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds.

An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said.

At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level.

On Monday (January 12, 2026), the rupee ended 1 paisa higher at 90.17 against the U.S. dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading 0.11 per cent higher at 98.73.

Brent crude, the global oil benchmark, was trading 0.28% higher at $64.05 per barrel in futures trade.

Foreign institutional investors offloaded equities worth ₹3,638.40 crore on Monday (January 12), according to exchange data.

On the domestic equity market front, the 30-share benchmark index Sensex rose 125.96 points or 0.15% to 84,004.13, while the Nifty advanced 47.25 points or 0.18% to 25,837.50.

Analysts attributed the buying trend in equities to the positive cues triggered by strong domestic macroeconomic numbers.

According to government data released on Monday, India’s retail inflation rose to a three-month high of 1.33% in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India’s lower tolerance level.

Also, the latest data from the Income Tax Department showed the government’s net direct tax collection grew about 8.82% to over ₹18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.

Net corporate tax collection grew 12.4% to over ₹8.63 lakh crore, and taxes from non-corporates, including individuals, rose 6.39% to about ₹9.30 lakh crore.