The rupee appreciated 23 paise to 96.65 against the U.S. dollar in early trade on Friday (October 9, 2026), supported by a slight softening in the U.S. dollar and suspected intervention by the Reserve Bank of India.

Forex traders said the rupee opened on a positive note this morning, with the dollar index down to 102 levels and Brent also down to $103.39 per barrel after U.S. President Donald Trump said that the attack on Iran will happen only after the midterm elections.

However, broader geopolitical pressures on the domestic currency persist and relentless foreign fund outflows is pressurising the domestic unit further, they said.

At the interbank foreign exchange market, the rupee opened at 96.74, then gained some ground to touch 96.65, registering a rise of 23 paise over its previous close.

On Thursday (October 8), the rupee depreciated by 13 paise to close at 96.88 against the U.S. dollar.

“Sustained strength in the US Dollar Index (DXY trading near multi-month highs near 102.50), Brent crude prices firming back above $104 per barrel, and relentless foreign portfolio outflows from domestic equities kept dollar demand elevated among oil marketing companies and importers,” 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 marginally lower by 0.10% at 102.03.

Brent crude, the global oil benchmark, was trading lower by 1.09% at $103.14 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 292 points to 71,876.10, while the Nifty was trading up 84.60 points to 22,310.40.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 12,943.58 crore on a net basis on Thursday, according to exchange data.

The rupee appreciated 13 paise to 95.65 against the U.S. dollar in early trade on Tuesday (September 22, 2026) supported by a pullback in crude oil prices and positive domestic market sentiment.

Forex traders said the rupee opened positive this morning with Brent crude retreating from elevated levels on easing immediate supply concerns, as Saudi Arabia increased exports through the Strait of Hormuz and markets were hopeful of partial restoration of the damaged East-West pipeline.

At the interbank foreign exchange market, the rupee opened at 95.75, then touched 95.65 against the American currency, registering a gain of 13 paise from its previous close.

On Monday (September 21, 2026), the rupee appreciated 18 paise to close at 95.78 against the U.S. dollar.

“The rupee remains range-bound. Softer crude is its main support, offset by a firm dollar after the Fed’s hike and continued foreign portfolio outflows,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Banerjee further said: “We see 96.30 as the upper cap, with strong Reserve Bank intervention expected as the pair approaches 96.30–96.50, and support at 95.50 and then 95.” “The central bank has also been actively draining the surplus liquidity created by the special deposit inflows through bond sales and reverse-repo auctions, which is keeping the adjustment orderly,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.35, down marginally by 0.07%.

Brent crude, the global oil benchmark, was trading higher by 1.05% at $101.39 per barrel in futures trade.

On the domestic equity market front, Sensex rose 42.51 points to 74,901.50 in opening trade, while the Nifty was up 39.75 points to 23,454.05.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹576.20 crore on a net basis on Monday (September 21, 2026), according to exchange data.

Government data released on Monday (September 21, 2026) showed the output of the country’s nine key infrastructure sectors slowed down to a three-month low of 4.8% in August due to a fall in the production of coal, natural gas, crude oil, and fertiliser. The output expanded by 6.2% in the same month last year and by 5% in July this year.

The rupee slumped by 34 paise to close at 95.08 (provisional) against the American currency on Wednesday (September 9, 2026) as crude prices crossed the $100 per barrel mark, stoking concerns over inflation and high forex outflows.

Weak equity markets and FII outflows also pressurised the rupee, forex traders said.

Brent crude futures surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in West Asia threatened to weaken the already strained supply chain amid U.S.-Iran tensions. Brent crude was trading higher by 2.94% at $100.73 per barrel.

At the interbank foreign exchange market, the rupee opened at 94.80, also its intraday high, against the U.S. dollar. The local unit fell to an intraday low of 95.22 as crude oil prices surged. The rupee settled at 95.08 (provisional), down 34 paise from its previous close of 94.74.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.84, higher by 0.05%.

“The rupee declined today due to rising crude oil prices and risk aversion in global markets. Brent has breached the $100 mark following further escalation of tensions between the U.S. and Iran. FII outflows also pressured the rupee. However, the rupee recovered its initial losses due to a weak dollar,” said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan.

The local currency is expected to trade with a negative bias due to risk aversion in global markets and worries over rising crude oil prices. Escalation of geopolitical tensions between the U.S. and Iran may also pressurise the rupee, he added.

The U.S. military destroyed five Iranian oil tankers on Tuesday (September 8) in response to the latest attacks on its warships, and Iran hit back at American targets in Jordan.

On the domestic equities market front, Sensex tanked 813.35 points to settle at 74,764.23 while Nifty was down 203.60 points to 23,431.50.

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

The rupee rose marginally by 1 paisa to 95.73 on Wednesday (August 19, 2026) assisted by RBI intervention, as heightened tensions in West Asia kept global markets on the edge.

A rise in global crude oil prices added pressure to the local unit while a decline in the dollar index and FII inflows provided support, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.72 before slipping to 95.73, up 1 paisa from its previous close.

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

“The rupee was very range-bound yesterday (Tuesday). With oil prices above $91, there were bids from oil companies… the key point is that the rupee is showing reasonable resilience despite the oil shock, largely because of suspected continued RBI intervention,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

U.S. President Donald Trump said on Tuesday (August 18) 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 99.56, down 0.09 per cent.

Brent crude, the global oil benchmark, was trading higher by 0.71% at $91.67 per barrel in futures trade.

On the domestic equity market front, Sensex was down 166.19 points to 77,070.93 in early trade while the Nifty declined 59 points to 24,096.75.

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

The rupee fell 8 paise to 95.38 against the U.S. dollar in early trade on Tuesday (August 11, 2026) amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight.

A decline in domestic equity markets in early trade maintained pressure on the local unit while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and maintained that level till the time of publishing the copy.

The rupee declined 13 paise to settle at 95.30 against the U.S. dollar on Monday (August 10, 2026).

“The rupee traded in a relatively narrow range (on Monday) despite Brent rising towards USD 84. The downside was contained by RBI intervention, with state-run banks reportedly selling dollars on the central bank’s behalf,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“Today Brent has gone past $87 per barrel as Iran and the U.S. continue to harbour the Strait of Hormuz uncertainty on fading hopes of a deal happening soon,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.77, down 0.04$.

Brent crude, the global oil benchmark, which rose sharply since the $ 84/barrel-levels on Monday, was trading lower by 0.06$ at $87.67 per barrel in futures trade.

On the domestic equity market front, Sensex declined 320.14 points to 78,204.40 in early trade while the Nifty fell 94.35 points to 24,490.85.

Foreign institutional investors purchased equities worth ₹1,974.76 crore on a net basis on Monday, according to exchange data.

The rupee depreciated 34 paise to close at 94.67 (provisional) against the U.S. dollar on Monday (June 22, 2026), weighed down by the strength of the American currency in the overseas market.

Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the West Asia peace deal and a firm dollar pulled it the other way.

At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, the rupee traded in the range of 94.24 to 94.76.

At the end of Monday’s (June 22) trading session, the USD/INR was quoted at 94.67 (provisional), lower by 34 paise over its previous close.

On Friday (June 19), the rupee pared most of its initial gains and settled higher by 7 paise at 94.33 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.88, up 0.03%, amid hawkish Fed and the fragile U.S.-Iran trade deal.

Brent crude, the global oil benchmark, was trading lower by 1.75% at $79.16 per barrel in futures trade. On the domestic equity market front, Sensex climbed 291.17 points to settle at 77,094.07, while Nifty was up 89.80 points to 24,102.90.

Foreign institutional investors turned buyers on Friday (June 19), purchasing equities worth ₹4,859.07 crore on a net basis, according to exchange data.

On the global front, high-level Iran war talks in Switzerland ended on Monday (June 22) with lower-level talks planned for the rest of the week as Iran and the United States agreed to create a “de-confliction cell” to address the fighting in Lebanon.

The talks marked the start of a 60-day diplomatic process that seeks to reach a permanent deal to end the Iran war. Meanwhile, Iran insisted it had again shut the Strait of Hormuz over the weekend, the narrow passage of the Persian Gulf crucial to energy shipments, while the U.S. said traffic continued.

The rupee depreciated 10 paise to close at 94.95 (provisional) against the U.S. dollar on Monday (June 01, 2026), amid renewed geopolitical tensions between the U.S. and Iran and surge in crude oil prices. Forex traders said the strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments.

At the interbank foreign exchange market, the rupee opened at 94.93 against the U.S. dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. At the end of Monday’s (June 01, 2026) trading session, the rupee was quoted at 94.95 (provisional), down 10 paise from its previous close.

On Friday (May 31, 2026), the rupee appreciated 73 paise to close at 94.85 against the U.S. dollar on suspected interventions by the RBI. “We expect the rupee to trade with a slight negative bias on renewed geopolitical tensions and an overnight surge in crude oil prices. A strong dollar and rising U.S. treasury yields may also weigh on the rupee,” said Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan. Mr. Choudhary further noted that any continued peace talks may prevent a sharp fall. “USDINR spot price is expected to trade in a range of 94.60 to 95.30,” he added.

Forex traders said attention has now shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled for June 3-5. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.04, up 0.10%. Brent crude, the global oil benchmark, was trading higher by 3.47% at $94.28 per barrel in futures trade.

On the domestic equity market front, Sensex dropped 508.40 points to settle at 74,267.34, while the Nifty was down 165.15 points to 23,382.60. Foreign institutional investors offloaded equities worth ₹21,105.86 crore on a net basis on Friday (May 29, 2026), according to exchange data.

According to the RBI’s latest data released on Friday (May 29, 2026), India’s forex reserves dropped by $7.511 billion to $681.384 billion during the week ended May 22. In the previous week, the kitty had dropped $8.094 billion to $688.894 billion. According to government data released on Monday (June 1, 2026), gross GST collections rose 3.2% to over ₹1.94 lakh crore in May on higher supplies of goods and services, as well as collection from imports.

Meanwhile, U.S. President Donald Trump has said the U.S. and Iran are close to a “very good deal,” but if Washington does not get what it wants, then it will “end it in a different way.” Mr. Trump said the Iranians are “good negotiators,” but argued that the United States now holds “all the cards” because Iran has been “militarily defeated.”

The rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the U.S. dollar on Wednesday (May 27, 2026), as renewed tensions between the U.S. and Iran and delays in negotiations kept investors cautious.

Forex traders said a strong American currency and weak domestic markets also pressured the rupee. Attention has shifted toward the upcoming Reserve Bank of India (RBI) Monetary Policy Committee meeting scheduled between June 3 and 5, they said.

At the interbank foreign exchange market, the rupee opened at 95.60 against the U.S. dollar, and touched an intra-day low of 95.79 against the American currency.

At the end of Wednesday’s (May 27, 2026) close, the rupee was quoted at 95.68 (provisional), down 2 paise from its previous closing.

On Tuesday (May 26, 2026), the rupee depreciated 44 paise to close at 95.70 against the U.S. dollar.

“We expect the rupee to trade with a negative bias on renewed tensions between the U.S. and Iran and concerns over military action in the Middle East [West Asia].”

“However, softening of crude oil prices may support the rupee at lower levels. USDINR spot price is expected to trade in a range of 95.50 to 96.10,” said Anuj Choudhary, research analyst at Mirae Asset ShareKhan.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.07, down 0.10%.

“Uncertainty around the Strait of Hormuz is keeping U.S. Dollar Index (DXY) well supported via safe haven demand,” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors Limited Liability Partnership (LLP).

Brent crude, the global oil benchmark, was trading down 3.02% at $96.57 per barrel in futures trade.

On the domestic equity market front, Sensex declined 141.90 points to settle at 75,867.80, while the Nifty dipped 6.55 points to 23,907.15.

Foreign institutional investors offloaded equities worth ₹2,407.87 crore on Tuesday (May 26, 2026), according to exchange data.

The rupee appreciated 40 paise to 95.20 against U.S. dollar in early trade on Monday (May 25. 2026) on optimism that the U.S. and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz.

Forex traders said the rupee opened on a positive note as the U.S. and Iran have “largely negotiated” a peace pact to end the nearly three-month war.

U.S. President Donald Trump has told the negotiators “not to rush into a deal” and that “both sides must take their time and get it right”.

Moreover, U.S. Secretary of State Marco Rubio said the U.S. and India are on the verge of finalising an interim trade agreement after progress in negotiations with the U.S. Trade Representative to visit India very soon.

At the interbank foreign exchange market, the rupee opened at 95.36 against the U.S. dollar, then touched 95.20 in early trade, up 40 paise from its previous close.

On Friday (May 22, 2026) , the rupee rose 75 paise to close at 95.60 against the U.S. dollar.

“The trade deal will be beneficial to both the U.S. and India,” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Today being a U.S. holiday the cash demand will be lower but month-end demand could crop up while the RBI will be present to keep a tab over the dollar, Mr. Bhansali added.

“India and the U.S. are poised to soon firm up the much-awaited trade agreement that will be both “beneficial” and “sustainable” and will advance the mutual interests of both nations”, Mr. Rubio said on Sunday (May 24, 2026), asserting that the overall bilateral ties are set to witness an upward trajectory.

Mr. Rubio, currently on a four-day visit to India, made the remarks after holding wide-ranging talks with External Affairs Minister S. Jaishankar that focused on boosting two-way cooperation in areas of trade, critical minerals, energy and defence.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.04, down 0.20%.

Brent crude, the global oil benchmark, was trading down 5.43% $97.92 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 908.98 points to 76,317.85 in early trade, while the Nifty surged 262.65 points to 23,977.70.

Foreign institutional investors offloaded equities worth ₹4,440.47 crore on a net basis on Friday (May 22, 2026), according to exchange data.

Meanwhile, the country’s forex reserves dropped $8.094 billion to $688.894 billion during the week ended May 15, the Reserve Bank of India (RBI) said on Friday (May 22, 2026). In the preceding week ending May 8, the overall reserves had jumped by $6.295 billion to $696.988 billion.

The rupee rose 18 paise to 96.18 against the U.S. dollar in early trade on Friday (May 22, 2026), on slight cooling in crude oil prices, tentative signs of easing geopolitical tensions, and active RBI intervention in the market.

Forex traders said markets found some comfort after comments from U.S. Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction.

Although Mr. Rubio warned that he does not want to be “overly optimistic,” the comments were enough to calm markets temporarily.

As a result, Brent crude oil cooled near the $104 mark, reducing immediate pressure on the rupee, traders said.

At the interbank foreign exchange market, the rupee opened at 96.30 against the U.S. dollar, then touched 96.18 in early trade, up 18 paise from its previous close.

On Thursday (May 21, 2026), the rupee rebounded 50 paise from its all-time closing low to settle at 96.36 against the U.S. dollar.

“Another major reason behind the rupee’s recovery is growing confidence around RBI’s planned $5 billion buy-sell swap auction on 26th May. The move is expected to inject more rupee liquidity into the banking system and improve RBI’s ability to manage excessive currency volatility,” CR Forex Advisors MD Amit Pabari said.

This reinforces market confidence that the central bank remains prepared to actively smooth volatility if global conditions deteriorate further, Mr. Pabari added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.24, down 0.01%.

Brent crude, the global oil benchmark, was trading up 1.59% $104.21 per barrel in futures trade.

“Any supportive measures like RBI swaps or positive deal flows could strengthen the rupee, while absence of such triggers may gradually push the pair towards 97.00 levels,” Mr. Pabari said, adding that geopolitical tensions remain the key risk factor. A sustained close below 94.80 would be needed to signal a broader trend reversal in the rupee, he said.

On the domestic equity market front, Sensex climbed 332.39 points to 75,507.09 in early trade, while the Nifty was trading up 84.60 points to 23,747.40.

Foreign Institutional Investors offloaded equities worth ₹1,891.21 crore on a net basis on Thursday (May 21, 2026), according to exchange data.

Meanwhile, Commerce and Industry Minister Piyush Goyal on Thursday (May 21, 2026) said the government is considering several steps to contain the widening Current Account Deficit (CAD) amid a weakening rupee and widening trade deficit.