The rupee depreciated 25 paise to 95.33 against the U.S. dollar in early trade on Thursday (September 11, 2026) as Brent crude price crossed the $100 mark sharply increasing concerns over India’s import bill.

Forex traders said elevated crude oil prices and persistent dollar demand also weighed on investor sentiments.

In the interbank foreign exchange market, the rupee opened at 95.15 against the U.S. dollar, then fell to 95.33, down 25 paise from its previous close.

On Wednesday (September 9, 2026), the rupee slumped 34 paise to close at 95.08 against the American currency.

“Rupee’s move beyond the psychologically important 95 level also triggered some additional dollar demand and stop-loss activity. However, the decline was contained by RBI intervention,” said Anil Kumar Bhansali, head of treasury and executive director Finrex Treasury Advisors LLP.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.72, lower by 0.09%.

Brent crude, the global oil benchmark, was trading marginally lower by 0.23% at $ 100.98 per barrel in futures trade, amid escalating U.S.-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.

“For an economy that imports nearly 90% of its crude, every $10 rise in oil can add roughly $12–15 billion to the annual import bill, putting further pressure on the current account and the rupee. With FCNR-related dollar inflows no longer available to offset this pressure, sustained high oil prices could weigh more heavily on the currency,” CR Forex Advisors MD Amit Pabari said.

The rupee is entering a phase where the temporary support from FCNR-related flows has largely faded, while global headwinds are becoming stronger.

“The break above 95.00 is technically significant. The expectation is that if USD/INR sustains above 95, the probability of a move towards 95.50 has increased, followed by 96.00 if the momentum continues,” Pabari added.

On the domestic equities market front, Sensex was trading marginally up by 38.07 points to 74,809.95 in early trade, while the Nifty was higher by 9.85 points to 23,439.20.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹582 crore on a net basis on Wednesday (September 9, 2026), according to exchange data.

The rupee depreciated 10 paise to 94.66 against the U.S. dollar in early trade on Tuesday (September 8, 2026), as surging Brent crude prices near $97/bbl and West Asian geopolitical friction dampened investor confidence.

Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external pressures.

At the interbank foreign exchange market, the rupee opened at 94.49 against the U.S. dollar, then touched 94.66, registering a fall of 10 paise from its previous close.

On Monday (September 7, 2026), the rupee fell 13 paise to close at 94.56 against the American currency.

“The RBI’s intervention has been particularly important in preventing higher oil prices from translating into a weaker rupee,” Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said.

According to Mr. Bhansali, the rupee is expected to stay in a range of 94.00 to 94.75 as crude oil is near to $97 level while dollar index fell to 98.74 and RBI continues to sell USD keeping rupee within the range.

Market is awaiting for U.S. and India CPI data as well as the FOMC on September 16 for further cues, he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.80, lower by 0.37%.

Brent crude, the global oil benchmark, was trading up 0.63% at $97.61 per barrel in futures, amid escalating US-Iran tensions and fears of disruptions to oil flows through the Strait of Hormuz.

On the domestic equities market front, Sensex dropped 382.25 points to 75,750.56 in early trade, while the Nifty declined 97.80 points to 23,681.80.

Foreign institutional investors (FIIs) purchased ₹280.13 crore worth of equities on a net basis on Monday (September 8, 2026), according to exchange data.

The rupee fell 2 paise to close at 95.76 (provisional) against the U.S. dollar on Wednesday (August 19, 2026) as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge.

A sharp decline in domestic equity markets put further pressure on the local unit, while RBI intervention and foreign fund inflows lent support, according to forex traders.

At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close.

The rupee depreciated 13 paise to close at 95.74 against the U.S. dollar on Tuesday (August 18, 2026) .

“Rupee has mildly depreciated against the dollar due to higher crude oil prices and strong US bond yields. So long as crude oil prices remain elevated, rupee will continue to be mildly weak,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

But there is no room for a sharp depreciation since India has adequate forex reserves and the inflows under the FCNR (B) scheme have been much better than expected, he said.

U.S. President Donald Trump said on Tuesday (August 18, 2026) that the U.S. has no talks planned with Iran but insisted the Strait of Hormuz remains “open and operating”, despite limited traffic and a reported strike on a ship exiting the waterway.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.85, up 0.04%.

Brent crude, the global oil benchmark, was trading higher by 0.92% at $91.86 per barrel in futures trade.

On the domestic equity market front, Sensex settled 325.78 points, or 0.42%, down to 76,909.68 points, while the Nifty skidded 76.60 points, or 0.32%, to close at 24,078.30.

Foreign institutional investors purchased equities worth Rs 1,651.53 crore on a net basis on Tuesday (August 18, 2026), according to exchange data.

The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields.

Forex traders said the rupee was pressured by a slight recovery in the U.S. dollar index and foreign fund outflows, even as lower crude oil prices provided some underlying support.

At the interbank foreign exchange market, the rupee opened at 95.13 against the greenback and traded in a range of 95.12-95.24 during the session. It eventually settled at 95.24 (provisional), lower by 16 paise from its previous close.

On Wednesday (August 5, 2026), the rupee gained 20 paise to settle at 95.08 against the U.S. dollar. “Indian rupee declined today on a slight bounce in the U.S. dollar index and modest gains in the U.S. treasury yields.

“However, weak crude oil prices and hopes of a deal between the U.S. and Iran prevented a sharp fall,” said Anuj Choudhary, research analyst, Mirae Asset ShareKhan.

Mr. Choudhary further said that the rupee is likely to trade with a slight positive bias on a rise in risk appetite in global markets amid hopes of a deal between the U.S. and Iran.

“However, any bounce back in the dollar index and U.S. Treasury yields may cap sharp gains. Traders may take cues from weekly U.S. unemployment claims data. USD-INR spot price is expected to trade in a range of 94.80 to 95.50,” Mr. Choudhary said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.78, down 0.11%.

Brent crude, the global oil benchmark, was trading higher by 0.09% at $79.52 per barrel in futures trade.

For India, Brent near $80 per barrel substantially reduces pressure on the import bill, inflation, and the current account compared with the $100+ levels seen in July, said Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP.

On the domestic equity market front, Sensex climbed 373.76 points to settle at 78,954.76, while the Nifty closed marginally up by 11.35 points to 24,636.

Foreign Institutional Investors turned to selling and offloaded equities worth ₹943.42 crore on a net basis on Wednesday (August 5, 2026), according to exchange data.

The rupee rose 14 paise to settle at 96.28 (provisional) against the U.S. dollar on Friday (July 17, 2026), on possible intervention from the Reserve Bank of India after four consecutive sessions of decline.

Elevated tensions in West Asia, which pushed up global oil prices, maintained pressure on the local unit, forex traders said.

In the interbank foreign exchange market, the rupee opened at 96.35 against the greenback and traded in a narrow range of 96.27-96.41. Eventually it settled at 96.28 (provisional), up 14 paise from its previous close.

The rupee depreciated for the fourth straight day on Thursday (July 16, 2026), shedding 17 paise to settle at 96.42 against the U.S. dollar.

The U.S. expanded its airstrike campaign against Iran early on Friday (July 17, 2026), by increasingly hitting bridges, part of President Donald Trump’s threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz. Iran launched new missile attacks against U.S.-allied nations in West Asia and warned that its attacks would escalate.

“The rupee was broadly steady on Friday (July 17, 2026), after a likely Reserve Bank of India (RBI) intervention halted its four-day decline,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.

“With no major domestic triggers, the currency continued to consolidate after recent weakness. However, the broader bias for the rupee remains weak as elevated crude oil prices and cautious foreign fund flows continue to weigh on sentiment.

“Market participants will closely monitor global developments, crude oil movement, and FII activity for the next directional move,” Jateen Trivedi, VP Research Analyst—Commodity and Currency, LKP Securities, said.

Technically, the rupee is expected to trade in the 96.00-96.55 range, with the overall trend continuing to favour weakness, Mr. Trivedi said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally down by 0.01% at 100.75.

Brent crude, the global oil benchmark, was trading 1.60% higher at $85.58 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 964.58 points to settle at 78,151.45, while Nifty surged 261.55 points to 24,334.30.

Foreign Institutional Investors offloaded equities worth ₹4,205.56 crore on a net basis on Thursday (July 16, 2026), according to exchange data.

The rupee gained 14 paise to 96.28 against the U.S. dollar in early trade on Friday (July 17, 2026), buoyed by positive sentiments at the domestic equity markets.

However, heavy Foreign Instituional Investor outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close.

The rupee depreciated for the fourth straight day on Thursday (July 16, 2026), shedding 17 paise to settle at 96.42 against the U.S. dollar.

The U.S. expanded its airstrike campaign against Iran early on Friday (July 17, 2026), by increasingly hitting bridges, part of President Donald Trump’s threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz. Iran launched new missile attacks against U.S.-allied nations in West Asia and warned that its attacks would escalate.

“Continued geopolitical uncertainties in West Asia sustained demand for safe-haven assets and kept investors cautious towards emerging-market currencies, including the rupee. Rupee is expected to remain in the range of 96.00-96.50 for the day with a downside bias as dollar index remains up and oil prices remain near $85 per barrel,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally up by 0.02% at 100.78.

Brent crude, the global oil benchmark, was trading 0.39% higher at $84.83 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 480.95 points to 77,656.56 in early trade on Friday (July 17, 2026), while the Nifty was up 125.05 points to 24,201.

Foreign Institutional Investors offloaded equities worth ₹4,205.56 crore on a net basis on Thursday (July 16, 2026), according to exchange data.

The rupee appreciated 15 paise to 95.28 against the U.S. dollar in early trade on Tuesday (July 7, 2026) on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in West Asia.

Forex traders said lower West Asia risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower.

At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close.

On Monday (July 6,), the rupee had settled at 95.43 against the U.S. dollar.

The positive factor for the Indian rupee was Saudi Arabia slashing Asia oil prices by $11 per barrel — the highest cut in the last 26 years — amid improving supply conditions, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali further noted that the buying by Indian oil companies also was indicated by the fact that Indian Oil and HPCL had placed tenders to buy 7 million barrels of crude thus keeping the U.S. dollar well bid in the last few days.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.86, up 0.01%.

Brent crude, the global oil benchmark, was trading higher by 0.64% at $72.45 per barrel in futures trade.

Meanwhile, Brent oil prices are trading higher as renewed security concerns in the Strait of Hormuz have offset expectations of strong global crude supplies following Saudi Arabia’s steep cuts for Asian buyers.

A tanker transiting near the Strait of Hormuz was reportedly struck by a projectile off the coast of Oman, causing a fire but no casualties.

On the domestic equity market front, the Sensex advanced 176 points to 78,461.16 in opening trade, while the Nifty was up 34.1 points to 24,464.45.

Foreign Institutional Investors purchased equities worth Rs 243.03 crore in the domestic equity market on Monday, according to exchange data.

The Rupee fell 10 paise to 95.28 against the U.S. dollar in early trade on Monday (June 29,2026) weighed down by the broad strength of the American currency in the overseas market.

Forex traders said whenever fresh foreign inflows enter the country, the Central bank is likely to use the opportunity to rebuild its reserve position rather than allowing the Rupee to strengthen too much.

Moreover, uncertainty prevailed over the progress of U.S.-Iran peace talks keeping a geopolitical risk premium in the market.

At the interbank foreign exchange market, the Rupee opened at 95.25, then touched 95.28 against the U.S. dollar, registering a loss of 10 paise from its previous close. On Friday (July 3, 2026) the Rupee appreciated 17 paise to close at 95.18 against the U.S. dollar.

“The message from last week is simple. When the Rupee cannot rally on good news like falling oil and a softer dollar, it tells you the underlying mood is fragile. Any fresh negative trigger could push USD-INR towards the 95.80 to 96.00 zone, while support holds near 94.80 to 95.00,” CR Forex Advisors MD Amit Pabari said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.95, up 0.10%.

“The dollar index eased to around 100.90 as weak U.S. jobs data continued to weigh on it. Normally, a softer dollar is exactly what the Rupee needs to catch a breath. This time, it simply did not happen, and that is the part worth watching closely this week,” Mr. Pabari added.

Brent crude, the global oil benchmark, was trading lower by 0.58% at $71.70 per barrel in futures trade. On the domestic equity market front, Sensex climbed 281.40 points to 78,051.03 in early trade, while the Nifty rallied 74.60 points to 24,347.05.

Foreign institutional investors turned net buyers, purchasing equities worth ₹1,355.33 crore on a net basis on Friday (July 3,2026), according to exchange data.

India’s forex reserves dropped $5.654 billion to $666.933 billion during the week ended June 26, the RBI said on Friday (July 3,2026). In the previous reporting week, the kitty jumped $963 million to $672.587 billion.

The kitty had expanded to an all-time high of $728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.

The rupee fell 19 paise to 94.75 against the American currency in early trade on Wednesday (July 1, 2026), weighed down by the strength of the American currency in the overseas market.

Forex traders said whenever fresh foreign inflows enter the country, the central bank is likely to use the opportunity to rebuild its reserve position rather than allowing the rupee to strengthen too much.

Moreover, uncertainty prevailed over the progress of U.S.-Iran peace talks keeping a geopolitical risk premium in the market.

At the interbank foreign exchange market, the rupee opened at 94.67, then touched 94.75 against the U.S. dollar, registering a loss of 19 paise from its previous close.

On Tuesday (June 30, 2026), the rupee depreciated by 5 paise to close at 94.56 against the U.S. dollar.

“The global dollar is also adding pressure. After the U.S. Federal Reserve maintained a cautious stance in its latest policy meeting, the Dollar Index has continued to hold above the 101 mark,” CR Forex Advisors MD Amit Pabari said.

As long as the dollar stays firm globally, the rupee is likely to remain under pressure, he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.34, up 0.15%.

Meanwhile, Brent crude, the global oil benchmark, was trading higher by 0.38% at $73.23 per barrel in futures trade.

According to Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, continued normalisation of oil flows through the Strait of Hormuz following the U.S.-Iran ceasefire and diplomatic engagement kept it at the lower side at $73.15 per barrel this morning as uncertainty over the progress of U.S.-Iran peace talks kept a risk premiums in the market.

On the domestic equity market front, Sensex climbed 182.42 points to 76,661.36 in early trade, while the Nifty was up 49.90 points to 23,916.85.

Foreign institutional investors sold equities worth ₹2,556.75 crore on a net basis on Tuesday (June 30, 2026), according to exchange data.

On the domestic macroeconomic front, India’s fiscal deficit touched 9.6% of the FY27 budget target at the end of May, government data showed on Tuesday (June 30, 2026).

The fiscal deficit, or gap between the government’s expenditure and revenue, was ₹1.62 lakh crore in value terms at the end of May 2026, data released by the Controller General of Accounts (CGA) showed.

The rupee appreciated by 11 paise to settle at 94.65 (provisional) against the U.S. dollar on Wednesday (June 24, 2026) on the back of a steep fall in global crude oil prices.

Brent crude, the global oil benchmark, was trading lower by 2.05% at $75.50 per barrel in futures trade.

Positive sentiments in the domestic equity markets and FII inflows further supported the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 94.88 and traded in the range of 94.59-94.93 during the day. It settled at 94.65 (provisional), up 11 paise from its previous close.

The rupee declined 13 paise to close at 94.76 against the U.S. dollar on Tuesday (June 23, 2026).

“We expect the rupee to trade with a negative bias on strengthening U.S. dollar amid hawkish Fed and weak global markets. However, falling crude oil prices and progress in the U.S.-Iran talks may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of ₹94.45-95.10,” Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.63, up 0.23%.

On the domestic equity market front, Sensex climbed 790.54 points, or 1.04%, to 76,991.22, while the Nifty was up 197.55 points, or 0.83%, to 24,021.65.

Foreign institutional investors purchased equities worth ₹17.86 crore on a net basis on Tuesday (June 23, 2026), according to exchange data.