The rupee fell 2 paise to close at an all-time low of 95.25 (provisional) against the U.S. dollar on Tuesday (May 5, 2026), as investors are retreating from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which have reignited supply chain fears.

Forex traders said Brent oil, hovering near $110 per barrel, is maintaining pressure on oil-importing economies like India. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further.

At the interbank foreign exchange market, the rupee opened at 95.30 against the U.S. dollar, then lost ground and touched an all-time low of 95.44 in intra-day trade. The rupee finally settled for the day at a fresh record low of 95.25 (provisional), registering a fall of 2 paise over its previous close.

On Monday (May 4), the rupee fell 39 paise to close at an all-time low of 95.23 against the U.S. dollar.

“We expect the rupee to trade with a negative bias on rising global crude oil prices as the Strait of Hormuz continues to remain closed. Dollar demand from importers and ongoing geopolitical tensions between the U.S. and Iran may also pressure the rupee.

“However, RBI intervention may support the rupee at lower levels. USDINR spot price is expected to trade in a range of 95.10 to 95.55,” said Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.47, up 0.10%.

Brent crude, the global oil benchmark, was trading lower by 1.57% at $112.64 per barrel in futures trade.

On the domestic equity market front, Sensex declined 251.61 points to settle at 77,017.79, while the Nifty fell 86.50 points to 24,032.80.

Foreign Institutional Investors purchased equities worth ₹2,835.62 crore on Monday (May 4), according to exchange data.

The rupee settled on a flat note, registering gains of just one paisa to close at 94.15 (provisional) against the U.S. dollar on Monday (April 27, 2026), as rising global uncertainty, escalating tensions in West Asia, and soaring crude oil prices weighed on investor sentiments.

Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.

At the interbank foreign exchange market, the rupee opened at 94.25 against the U.S. dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.

At the end of Monday’s (April 27) trading session, the rupee was quoted at 94.15 (provisional), registering a gain of just 1 paisa over its previous close. On Friday (April 24), the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the U.S. dollar.

“The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices,” said Dilip Parmar – Senior Research Analyst, HDFC Securities.

On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was down 0.21% at 98.32. Brent crude, the global oil benchmark, was trading higher by 2.36% at $107.82 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70. Foreign Institutional Investors offloaded equities worth ₹8,827.87 crore on Friday (April 24), according to exchange data.

Meanwhile, India’s forex reserves jumped by $2.362 billion to $703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday (April 24). In the previous reporting week, the forex kitty had increased by $3.825 billion to $700.946 billion.

The rupee pared initial gains and settled 4 paise lower at 89.20 (provisional) against the greenback on Tuesday (November 25, 2025), weighed down by negative cues from domestic equity markets.

Falling crude oil prices supported the Indian currency at lower level, however, withdrawal of foreign funds kept the rupee under pressure, forex analysts said.

At the interbank foreign exchange market, the rupee opened at 89.02 and touched an intra-day low of 89.27 against the greenback. The unit ended the session at 89.20 (provisional) against the U.S. dollar, registering a loss of 4 paise from its previous closing level.

The rupee had settled sharply higher by 50 paise at 89.16 against the greenback on Monday (November 24), a day after crashing 98 paise to touch its lifetime low of 89.66 against the U.S. dollar on Friday (November 21).

Anuj Choudhary, Research Analyst, Commodities Research Mirae Asset Sharekhan, said positive domestic markets and softening of crude oil prices supported the rupee. However, a strong U.S. dollar and FII outflows capped sharp gains.

“We expect the rupee to trade with a slight negative bias on importer demand for dollars and foreign outflows. However, weak tone in crude oil prices and positive global markets may support the rupee at lower levels. There are renewed talks of rate cut by the Fed which may lead to volatility. USD-INR spot price is expected to trade in a range of ₹89 to ₹89.50,” Mr. Choudhary said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was lower by 0.06% at 100.01.

Brent crude, the global oil benchmark, declined 0.49% to $63.06 per barrel in futures trade.

On the domestic equity market front, the Sensex declined 313.70 points, or 0.37%, to settle at 84,587.01, while Nifty fell 25,884.80 points, or 0.29%, to 25,884.80.

Foreign institutional investors sold equities worth ₹4,171.75 crore on a net basis on Monday (November 24), according to exchange data.

The rupee closed 2 paise higher at 88.58 (provisional) against the U.S. dollar on Wednesday (November 19, 2025), aided by buying momentum in domestic equity markets and lower crude oil prices overseas.

Forex traders said a strong American currency and outflow of foreign capital prevented a sharp gain in the rupee even as investors were concerned about the progress on the proposed India-U.S. trade deal.

At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day high of 88.41 against the greenback. The domestic unit settled the day at 88.58 (provisional) against the dollar, logging a marginal gain of 2 paise from its previous closing level.

On Tuesday (November 18), the rupee settled 1 paisa lower at 88.60 against the U.S. dollar.

“We expect the rupee to trade with a slight positive bias on rise in risk appetite in global markets and trade deal optimism. However, strong dollar and fading rate cut expectations may cap the upside. Dollar demand from importers and FII outflows may pressurise the rupee at higher levels. USD-INR spot price is expected to trade in a range of ₹88.25 to ₹88.70,” said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.18% higher at 99.63.

Brent crude, the global oil benchmark, declined 0.46% to $64.58 per barrel in futures trade.

On the domestic equity market front, Sensex soared 513.45 points or 0.61% to settle at 85,186.47, while Nifty jumped 142.60 points or 0.55% to 26,052.65.

Foreign institutional investors sold equities worth ₹728.82 crore on Tuesday (November 18), according to exchange data.

Commerce and Industry Minister Piyush Goyal on Tuesday (November 18) said “you will hear a good news” on the proposed trade pact between India and the U.S. once the deal is fair, equitable and balanced.

The remarks came days after U.S. President Donald Trump stated that the U.S. is “pretty close” to reaching a “fair trade deal” with India and added that he will lower tariffs imposed on Indian goods at “some point”.

The rupee depreciated by 8 paise to close at 88.27 against the U.S. dollar on Tuesday (October 28, 2025) on weak domestic stock markets and foreign fund outflows.

Forex traders said a weak U.S. dollar and softening of crude oil prices cushioned the downside.

Investors are also keeping a watch on the Federal Reserve’s policy decision on Wednesday (October 29) for further cues.

At the interbank foreign exchange market, the rupee opened at 88.34 and later traded in a range of 88.23 to 88.40 during the day. The local unit finally settled at 88.27 (provisional) against the greenback, registering a fall of 8 paise from its previous close.

On Monday (October 27), the rupee plunged 36 paise to close at 88.19 against the U.S. dollar.

“We expect the rupee to trade with a slight negative bias on weak domestic equities and month-end dollar demand from importers. However, optimism over the trade deal between India and the U.S. may support the rupee at lower levels,” said Anuj Choudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan.

Mr. Choudhary further noted that investors may remain cautious ahead of the U.S. FOMC meeting decision. USD/INR spot price is expected to trade in a range of 87.90 to 88.60, he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.09% to 98.69.

Brent crude, the global oil benchmark, fell 1.74% to $64.48 per barrel in futures trading.

On the domestic equity markets front, Sensex declined 150.68 points to settle at 84,628.16, while the Nifty dipped 29.85 points to 25,936.20.

Foreign Institutional Investors sold equities worth ₹55.58 crore on Monday (October 27), according to exchange data.

Meanwhile, India’s crude oil imports from the United States climbed to their highest level since 2022 in October, a move seen as part of New Delhi’s effort to diversify supplies away from Russia and ease trade tensions with the Trump administration.

India’s crude imports from the U.S. reached 540,000 barrels per day as of October 27 – the highest since 2022, according to data from Kpler.

October is likely to close with near 575,000 bpd, and November looks to book around 400,000-450,000 bpd, per U.S. export data – a sharp jump from the year-to-date average of around 300,000 bpd.

The rupee recovered slightly from its record low level and ended with a gain of 4 paise at 88.11 (provisional) against the U.S. dollar on Wednesday (September 10, 2025) aided by strong foreign fund inflows and a weaker greenback.

Hopes of a breakthrough in India-U.S. trade talks and positive sentiments in domestic equity markets supported the local unit while rise in crude oil prices capped gains, forex traders said.

At the interbank foreign exchange, the rupee opened at 88.14 against the U.S. dollar and traded in a narrow range of 88.06-88.19 before settling at 88.11 (provisional), up 4 paise from its previous close.

The rupee had pared initial gains and dropped 6 paise to revisit its record low of 88.15 against the U.S. dollar on Tuesday (September 9, 2025). On Friday (September 5, 2025), the rupee touched the lowest-ever intra-day level of 88.38 but pared losses to settle 3 paise higher at ₹88.09 against the U.S. dollar.

“The rupee was within a range as U.S. President Donald Trump said tariff talks between India and the U.S. are on, while on the other hand he asked Europe to impose 100% tariffs on buyers of Russian oil, which he would then reciprocate,” Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said.

“The RBI being a seller of dollar at 88.20/30 levels, the pair was range-bound with lower levels getting well bid and higher levels getting sold off,” Mr. Bhansali said, adding that the domestic unit is expected to be in a similar range of 87.90 to 88.40 on Thursday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was down 0.04% to 97.74.

Brent crude, the global oil benchmark, was trading 0.89% higher at $66.98 per barrel in futures trade.

On the domestic equity market front, Sensex rose 323.83 points to settle at 81,425.15, while Nifty was up 104.50 points to 24,973.10.

Foreign Institutional Investors bought equities worth ₹2,050.46 crore on Tuesday, according to exchange data.