The rupee appreciated 16 paise to settle at 94.39 (provisional) against the U.S. dollar on Thursday (June 25, 2026) as global crude oil prices continued to slide.

Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains, forex traders said.

At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close.

The rupee appreciated 21 paise to settle at 94.55 against the U.S. dollar on Wednesday (June 24, 2026).

“The rupee strengthened on falling commodity prices and softening of the U.S. dollar. Weakness in crude oil prices and positive domestic markets also favoured the rupee,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

“We expect the rupee to trade with a negative bias on overall strength in the U.S. dollar and

a hawkish Federal Reserve. However, softening of commodity prices and easing concerns over inflation may support the rupee at lower levels,” Mr. Choudhary said, adding that the rupee is expected to trade in the range of 94.20-94.80.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.57, lower by 0.04%.

Brent crude, the global oil benchmark, was trading lower by 1.33% at $72.76 per barrel in futures trade.

On the domestic equity market front, Sensex rose 109.25 points to settle at 77,100.47, while the Nifty inched up 34.35 points to 24,056.

Foreign institutional investors offloaded equities worth ₹1,843.40 crore on a net basis on Wednesday (June 24, 2026), according to exchange data.

The rupee appreciated 20 paise to 94.20 against the U.S. dollar in early trade on Friday (June 19, 2026) on optimism that trade negotiations between India and the United States are set to gain momentum.

Forex traders said the rupee opened on a positive note with oil prices remaining supportive and foreign inflows improving. The overall bias remains positive for the rupee, they said.

Moreover, Indian Foreign Secretary Vikram Misri on Thursday (June 18, 2026) said trade was a major subject of discussion between Prime Minister Narendra Modi and US President Donald Trump, with both leaders directing their negotiators to finalise the proposed trade pact at the earliest.

At the interbank foreign exchange market the rupee opened at 94.30, then gained momentum and touched 94.20, registering a gain of 20 paise from its previous all-time closing low.

On Tuesday, the rupee settled 10 paise higher at 94.40 against the US dollar.

“The RBI is expected to use incoming dollar flows to rebuild forex reserves and gradually reduce its large forward dollar book, estimated at around $110 billion. Market participants believe the central bank may have already purchased $3–5 billion over the last two sessions,” CR Forex Advisors MD – Amit Pabari said.

Pabari further said that this is not a sign of concern. Rather, it reflects the RBI taking advantage of favourable market conditions. “However, such buying can naturally slow the pace of rupee appreciation, making the move stronger but more gradual,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.92, up 0.08%.

Brent crude, the global oil benchmark, was trading lower by 0.85% at $79.17 per barrel in futures trade.

On the domestic equity market front, Sensex tumbled 786.58 points to 76,624.90 in early trade, while the Nifty declined 210.95 points to 23,959.80.

Foreign institutional investors offloaded equities worth ₹1,025.20 crore on a net basis on Thursday (June 18, 2026), according to exchange data.

Mr. Misri’s comments came a day after Mr. Modi and Mr. Trump held wide-ranging talks for the first time in 16 months on the margins of the G7 Summit in an attempt to rebuild the strained bilateral ties.

Mr. Misri said significant progress has been made on the conclusion of the interim trade pact and that U.S. Trade Representative, Jamieson Greer, will be visiting India next week to take forward the discussions.

India’s domestic investors rejoiced after Brent crude prices dropped as clarity emerged regarding the US-Iran deal, on 14 June 2026.

Nifty and Sensex opened at over 1% from the previous close, at 23,984.85 and 76,725.27 points and sky rocketed to a high 24,011.40 and 76,821.07 points within one hour of trade.

Benchmark indices were trading at 23,976.65 and 76,654.75 points as of 11:30 a.m., when the rally started stabilising at 1.5% over the previous close.

As certainty has emerged, rupee appreciated to ₹94.6 as of June 15 from ₹95.18 a dollar in the previous session going by CCIL data.  Brent crude oil dropped more than 2% to $80.19 a barrel in the first few hours since market open. 

“The deal’s priority is to extend the 8 April ceasefire in time and scope — another 60 days pledging no hostilities, lifting the US blockade in return for Iran relinquishing its grip on the Strait of Hormuz. The rupee too has now come back to Rs 84.60/$ level as of now,” said Madan Sabnavis, Chief Economist Bank of Baroda.

The rupee plunged by 32 paise to 95.57 against the U.S. dollar in early trade on Thursday (June 11, 2026) following a rise in global crude oil prices as hostilities between the U.S. and Iran continued.

Heavy FII outflows, weak domestic equity market and a marginally stronger greenback further weighed on the local unit.

At the interbank foreign exchange market, the rupee opened at 95.55 against the U.S. dollar before dropping further to 95.57.

The local unit appreciated 16 paise to close at 95.25 against the U.S. dollar on Wednesday (June 10, 2026), amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit.

“The rupee had a weaker opening with oil prices climbing after Iran and the United States traded strikes. INR has support due to dollar selling by state-run banks, likely on behalf of RBI.

“Apart from oil prices, the rupee will have to contend with a tepid risk environment, following a further sell-off in U.S. equities. While U.S. inflation rose to 4.2% year-on-year, the highest level in more than three years, the core measure increased less than expected, leaving near-term Federal Reserve rate expectations largely unchanged,” Aamir Makda, Commodity & Currency Analyst, Commodity Technical Research at Choice Broking, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.95, up 0.01%.

Brent crude, the global oil benchmark, was trading higher by 1.65% at $94.64 per barrel in futures trade.

On the domestic equity market front, Sensex declined 358.54 points to 73,624.64 in early trade, while Nifty was down 117 points to 23,098.30.

Foreign institutional investors offloaded equities worth ₹2,124.98 crore on a net basis on Wednesday, according to exchange data.

The rupee slipped to a fresh record low of 96.47 against the U.S. dollar in intraday trade on Tuesday (May 19, 2026), pressured by rise in crude oil prices, strong dollar and geopolitical uncertainties.

The rupee is Asia’s worst-performing currency in 2026, having tumbled to a historic intraday low of 96.47 against the U.S. dollar. The currency has depreciated 1.5 per cent this month and more than 7% this year.

Forex traders said the rupee remains vulnerable to the rise in crude oil prices, as also the closure of the Strait of Hormuz.

At the interbank foreign exchange market, the rupee opened at 96.38 against the U.S. dollar, then lost further ground and touched a record low of 96.47, registering a fall of 27 paise over its previous close.

On Monday (May 18, 2026), the Indian rupee settled at a record low of 96.20 against the US dollar.

“Foreign investors have pulled out nearly $2.6 billion from Indian equities, adding fuel to the currency’s decline. In fact, the broader picture is even heavier — net equity outflows in 2026 have already reached $23.2 billion, crossing last year’s total of $18.9 billion. When capital leaves in waves, currencies rarely stand still — and the rupee is bearing that full weight,” CR Forex Advisors MD Amit Pabari said.

Economists at HSBC estimate India could face a Balance of Payments (BoP) deficit of around $65 billion in FY27, marking a third consecutive year of external imbalance pressure.

“It’s not just a cycle — it’s becoming a pattern the market is now pricing in,” Mr. Pabari said.

Meanwhile, U.S. President Donald Trump said he has temporarily held back a planned strike on Iran after requests from Saudi Arabia, Qatar, the UAE and other Gulf allies.

While the pause has offered temporary relief to global markets and crude oil prices, markets remain cautious as both Washington and Tehran continue to reject key parts of each other’s proposals.

“Still, until diplomacy turns into reality and headlines stop changing every few hours, the rupee may continue trading with a nervous heartbeat,” Mr. Pabari said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.16, lower by 0.03% due to simmering Iran tensions.

Brent crude, the global oil benchmark, was trading down 1.43% at $110.50 per barrel in futures trade.

On the domestic equity market front, Sensex was trading 266.84 points higher at 75,581.88, while the Nifty advanced 78.45 points to 23,728.40.

Foreign Institutional Investors remained net buyers for the third straight session, purchasing equities worth Rs 2,813.69 crore on Monday, according to exchange data.

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 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 local currency, however, remained under pressure tracking a firm greenback and negative cues from domestic equity markets, forex traders said.

At the interbank foreign exchange market, the rupee opened at 88.67 and gained some ground to trade at 88.63 against the U.S. dollar in initial deals, up 5 paise from its previous closing level.

On Thursday (November 20, 2025), the rupee depreciated 20 paise to close at 88.68 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.01% up at 100.09.

Brent crude, the global oil benchmark, was trading 1.29% lower at $62.56 per barrel in futures trade.

On the domestic equity market front, the Sensex declined 172.32 points to 85,460.36 in early trade, while the Nifty was down 59.35 points to 26,132.80.

Foreign institutional investors bought equities worth ₹283.65 crore on a net basis on Thursday (November 20, 2025), according to exchange data.

The government data released on Thursday (November 20, 2025) showed the pace of growth in the country’s eight key infrastructure sectors stayed flat year-on-year in October as expansion in output of petroleum refinery products, fertilizer and steel was offset by a contraction in coal and electricity production.

The eight core industries of coal, crude oil, natural gas, petroleum refinery products, electricity, fertilizer, and steel had expanded by 3.3% in September and by 3.8% in October 2024.