The rupee depreciated 21 paise to 94.95 against U.S. dollar on Wednesday (September 9, 2026) weighed down by surging crude oil prices, which inched closer to the $100-a-barrel mark amid the simmering U.S.-Iran tensions.

A weak dollar, however, cushioned the fall, forex traders said.

At the interbank foreign exchange market, the rupee opened at 94.80 against the U.S. dollar, then touched 94.95, registering a fall of 21 paise from its previous close.

On Tuesday (September 8), the rupee fell 18 paise to close at 94.74 against the American currency.

“Indian rupee opened lower on escalating geopolitical tensions and a surge in crude oil prices. Brent has neared the $100 mark as U.S. and Iran attack each other,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

“The local currency is expected to trade with a negative bias on rising crude oil prices and escalating geopolitical tensions,” he said.

“Weak global markets may further pressurise the rupee. However, a weak dollar may support the rupee at lower levels. Investors now focus on inflation data from the US and India. USDINR spot price is expected to trade in a range of ₹94.70 to ₹95.15,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.76, lower by 0.03%.

Brent crude, the global oil benchmark, was trading 1.41% higher at $99.30 per barrel in futures trading, amid escalating U.S.-Iran tensions and fears of disruptions to oil flows through the Strait of Hormuz.

On the domestic equities market front, Sensex tanked 500.25 points to 75,060.61 in early trade while Nifty declined 129.40 points to 23,506.10.

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

The rupee gained 28 paise to 96.25 against the U.S. dollar in early trade on Monday (July 27, 2026), taking cues from a sharp fall in crude oil prices and positive global sentiment after the U.S. and Iran signalled an easing of tensions in West Asia.

The American currency index also retreated from an elevated level, while domestic equities witnessed a strong buying trend, supporting the local currency further, forex traders said.

At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level.

On Friday (July 24), the rupee recovered from a low level and settled 20 paise higher at 96.53 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.26% at 101.04.

Brent crude, the global oil benchmark, was trading 4.17% lower at $92.74 per barrel in futures trade.

Analysts attributed the recovery in crude prices to the easing of tensions in West Asia as the U.S. and Iran paused strikes against each other.

U.S. President Donald Trump is “giving talks some space”, Mike Waltz, the U.S. ambassador to the United Nations, told Fox News.

“He’s giving it a little bit of room,” Mr. Waltz said, adding, “We’ve had both Oman and Iran, and a number of our other negotiators, engaged at every level, from the most senior levels all the way down to the technical level over the past few weeks, and particularly in the past few days.”

On the domestic equity market front, Sensex rose 613.80 points, or 0.81%, to 76,673.57, while the Nifty climbed 165.40 points, or 0.70%, to 23,931.55.

Foreign Institutional Investors offloaded equities worth ₹3,892.77 crore on a net basis on Friday (July 24), according to exchange data.

The rupee rose 5 paise to 96.11 against the U.S. in early trade on Wednesday (July 15, 2026), amid heightened tensions in West Asia and a weaker greenback.

Higher crude oil prices and Foreign Institutional Investor outflows prevented a sharper rise in the local unit while a positive opening in the domestic equity markets lent support, forex traders said.

At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close.

The unit depreciated 48 paise to close at 96.16 against the U.S. dollar on Tuesday (July 14, 2026).

Iran on Wednesday (July 15, 2026), threatened to halt all energy exports from West Asia over the U.S. reimposing a naval blockade on the Islamic Republic.

In a statement carried by the Iranian state television, the paramilitary Revolutionary Guard threatened oil and gas exports from the region. “The export of oil and gas from the region will be either for everyone or for no one,” it said.

“The rupee came under significant pressure on Tuesday (July 15, 2026), slipping past the 96-level for the first time since May as a combination of surging crude oil prices, higher U.S. Treasury yields, and geopolitical tensions triggered broad dollar demand. Brent climbed to its highest level in over a month after the US-Iran conflict intensified,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

The rupee is set to trade in the range of 95.90-96.50, he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.81, down 0.11%.

Brent crude, the global oil benchmark, rose by 1.10% to $85.66 per barrel in futures trade.

On the domestic equity market front, stock markets rebounded in early trade with the Sensex rising 553 points to 77,603.57 and the Nifty up 148.15 points to 24,198.40.

Foreign Institutional Investors on Tuesday (July 14, 2026), offloaded equities worth ₹739.69 crore in the domestic equity market, according to exchange data.

On the domestic macroeconomic front, wholesale price inflation shot up to 9.87% in June, from 9.68% in May, led by a sharp spike in prices of food and non-food items.

Net direct tax collection grew 16.40% to over ₹6.51 lakh crore till July 13 this fiscal year, driven by higher corporate tax mop-up, government data showed on Tuesday (July 14, 2026).

The rupee depreciated 48 paise to 96.16 against the U.S. dollar in early trade on Tuesday (July 14, 2026), as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee.

Forex traders said the rupee came under pressure due to a combination of factors—crude oil prices climbed on renewed geopolitical tensions, while demand for the U.S. dollar increased as investors moved toward safe-haven assets.

At the interbank foreign exchange market, the rupee opened at 95.95, then lost ground and touched 96.16, registering a fall of 48 paise from its previous close.

On Monday (July 13, 2026), the rupee depreciated 30 paise to close at 95.68 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.17, down 0.06%.

Brent crude, the global oil benchmark, was trading higher by 2.02% at $84.98 per barrel in futures trade amid concerns over disruptions to supplies through the Strait of Hormuz.

“India being a major oil importer, higher crude prices remain negative for the rupee”, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali further said higher oil import costs have raised concerns about India’s currency account and trade balance, weighing further on the currency.

On the domestic equity market front, the BSE Sensex declined 0.42% to 77,294.12 while the Nifty was down 0.64% at 24,144.60.

Foreign Institutional Investors on Monday (July 13, 2026), offloaded equities worth ₹3,062.27 crore in the domestic equity market, according to exchange data.

The rupee rose 14 paise to settle at 95.33 (provisional) against the U.S. dollar on Friday (July 10, 2026), as the greenback weakened and crude oil prices eased despite intensifying tensions in West Asia.

Foreign institutional investorsoutflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support, according to forex traders.

The U.S. launched fresh airstrikes against Iran on early Thursday (July 9, 2026), and Tehran responded by targeting U.S.-allied West Asian countries in an exchange of fire that threatened an interim deal intended to help end the war.

Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday’s (July 9, 2026) attacks appeared bigger all around, with sirens sounding at least three times in Bahrain, home to the U.S. Navy’s 5th Fleet headquarters, and missiles targeting Kuwait and Qatar.

At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback and traded in the range of 95.22 to 95.42 before eventually settling at 95.33 (provisional), up 14 paise from its previous close.

The Indian currency appreciated by just 1 paisa to close at 95.47 against the U.S. dollar on Thursday (July 9, 2026).

“The rupee fell to 95.42 this afternoon after gaining to 95.22 in the morning on a lower dollar index. However, buying by oil companies and importers kept the dollar up. Improved risk appetite and expectations of continued foreign portfolio inflows provided support to the rupee,” Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.86, down 0.04%.

Brent crude, the global oil benchmark, was trading lower by 0.62% at $75.83 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 827.57 points, or 1.08%, to settle at 77,569.39 while the Nifty surged 244.10 points, or 1.02%, to close at 24,206.90.

Foreign institutional investors offloaded equities worth ₹532.86 crore on a net basis on Thursday (July 9, 2026), according to exchange data.

The rupee appreciated by 7 paise to settle at 95.41 (provisional) against the U.S. dollar on Thursday (July 9, 2026) even as crude oil prices firmed up and the greenback strengthened in the global markets.

A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis.

At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the U.S. dollar and later traded in the range of 95.58 to 95.28 during the day. It settled at 95.41 (provisional), up 7 paise from the previous close. The rupee had declined by 52 paise to settle at 95.48 against the U.S. dollar on Wednesday (July 8).

Analysts said suspected RBI intervention provided support to the local unit, while elevated crude oil prices and a stronger dollar weighed on it.

“The rupee appreciated today after coming under pressure yesterday. The Reserve Bank of India’s intervention supported the rupee while state-owned banks sold dollars, widely believed to be on behalf of the RBI. However, Middle East tensions remain the biggest negative factor, with fresh military action involving the US and Iran keeping concerns alive over the security of the Strait of Hormuz,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.77, up 0.01%.

Brent crude futures were trading at $78.40 per barrel, higher by 0.46%.

The U.S. launched new airstrikes against Iran on Thursday (July 9), and Tehran responded by targeting Gulf countries in an exchange of fire that threatened an interim deal intended to help end the war in West Asia.

On the domestic equity market front, Sensex rebounded by 238.22 points to settle at 76,741.82 while Nifty was up 80.75 points to 23,962.80.

Foreign institutional investors purchased equities worth ₹1,962.80 crore on a net basis on Wednesday (July 8), according to exchange data.

The rupee fell 4 paise to 95.52 against the U.S. dollar in early trade on Thursday (July 9, 2026), weighed down by surging crude oil prices after fresh tensions in West Asia rattled sentiments worldwide, raising fears of uncertainties over global trade.

According to analysts, oil prices soared to their highest point in weeks after President Donald Trump announced an end to the ceasefire with Iran in response to Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations.

However, positive sentiment in domestic equity markets supported the Indian currency, they said.

At the interbank foreign exchange market, the rupee opened at 95.52 and remained weaker against the U.S. dollar, down 4 paise from its previous close.

On Wednesday (July 8, 2026) , the rupee plunged 52 paise to settle at 95.48 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.98, down 0.09%.

Brent crude, the global oil benchmark, was trading higher by 1% at $78.80 per barrel in futures trade.

Analysts attributed the sharp rise in crude prices to the fresh escalation in West Asia tension, which is likely to block the Strait of Hormuz and restrict the movement of oil tankers.

The domestic equity market saw some recovery, with Sensex rising 454.78 points, or 0.59%, to 76,958.38, and Nifty climbing 151.10 points, or 0.63%, to 24,033.15. Both indices crashed over 2% in the previous session.

Foreign institutional investors purchased equities worth ₹1,962.80 crore on a net basis on Wednesday (July 8, 2026) according to exchange data.

The rupee appreciated 26 paise to 94.90 against U.S. dollar in early trade on Thursday (July 2, 2026), supported by easing crude oil prices.

Forex traders said the rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict. Even global risk sentiment has stabilised compared to the panic witnessed a few weeks ago.

Foreign investors poured nearly $5.3 billion into Indian bond markets during June, marking the first month of positive inflows after three consecutive months of outflows, they said.

At the interbank foreign exchange market, the rupee opened at 94.95, then touched 94.90 against the US dollar, registering a gain of 26 paise from its previous close.

On Wednesday (July 1, 2026), the rupee depreciated 60 paise to close at 95.16 against the U.S. dollar.

“As fresh foreign capital starts entering India, markets believe the RBI may continue absorbing a significant portion of these inflows rather than allowing them to fully strengthen the rupee,” CR Forex Advisors MD Amit Pabari said.

Despite positive FII inflows and lower crude oil prices the rupee weakened sharply. If the rupee cannot strengthen on good news, any negative development could easily push USD-INR towards the 95.80–96.00 zone. “For now, the bias remains on the upside, while 94.80 is likely to act as an important support level,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.38, lower by 0.01%.

Meanwhile, Brent crude, the global oil benchmark, was trading lower by 1.13% at $70.76 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 377.40 points to 77,269.54 early trade, while the Nifty rallied 106.70 points to 24,113.25.

Foreign institutional investors sold equities worth ₹1,140.50 crore on a net basis on Wednesday, according to exchange data.

The rupee appreciated 61 paise to close at 94.57 (provisional) against the U.S. dollar on Wednesday (May 6, 2027), as Brent crude prices retreated from elevated levels towards $100 per barrel after U.S. President Donald Trump hinted at a possible deal with Iran.

Forex traders said that with the Indian rupee facing severe pressure, the Reserve Bank of India (RBI) is also actively pursuing a “non-direct” strategy to support the currency.

Moreover, market sentiment was boosted after Mr. Trump paused “Project Freedom,” a U.S. operation to escort ships through the Strait of Hormuz.

At the interbank foreign exchange market, the rupee opened at 95 against the U.S. dollar, then lost ground and touched an intraday low of 95.18. The rupee finally settled at 94.57 (provisional), registering a rise of 61 paise over its previous close.

On Tuesday (May 5), the rupee settled at 95.18 against the U.S. dollar, after witnessing an all-time intraday low of 95.44, on possible RBI intervention after investors retreated from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which reignited supply chain fears.

According to CR Forex Advisors MD Amit Pabari, the Reserve Bank of India is exploring ways to support the currency without directly using its forex reserves.

Mr. Pabari further noted that one of the ideas being discussed is to encourage state-run banks to raise funds through foreign currency bonds, which could help bring fresh dollar inflows into the system.

President Trump has suspended “Project Freedom” to escort ships through the Strait of Hormuz, claiming progress in negotiations with Iran toward an agreement to end the war.

In a post on Truth Social on Tuesday (May 5), Mr. Trump said, “Great progress has been made toward a complete and final agreement with representatives of Iran.”

Project Freedom was launched on Monday (May 4) to escort ships, stranded due to the closure of the Strait of Hormuz, out to safety. Mr. Trump had announced the operation on Sunday (May 3), and the U.S. Central Command began implementing it the next day.

“The global mood showed a slight pause, but not a complete sense of relief. U.S. President Donald Trump announced that “Project Freedom” will be temporarily paused to allow room for a possible agreement, which has helped cool some of the extreme uncertainty in the markets,” Mr. Pabari said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 97.79, down 0.66%.

Brent crude, the global oil benchmark, was trading lower by 8.25% at $100.81 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 940.73 points to settle at 77,958.52, while the Nifty surged 298.15 points to 24,330.95.

Foreign Institutional Investors sold equities worth ₹3,621.58 crore on Tuesday (May 5), according to exchange data.

Meanwhile, India’s services sector growth climbed to a five-month high of 58.8 in April with new orders and output expanding at quicker rates, as firms indicated a shift from international to domestic suppliers amid the West Asia crisis, a monthly survey said on Wednesday (May 6).

The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 57.5 in March to 58.8 in April, showing the strongest rate of expansion since last November.