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 pared initial gains and settled for the day in the negative territory, down 3 paise at 89.70 (provisional) against the U.S. dollar on Monday (December 22, 2025), as the support from positive domestic equities was negated by a recovery in crude oil prices.

Forex traders said the lack of progress in the U.S.–India trade negotiations weighed on the sentiment, while a weak tone in the U.S. dollar index supported the domestic unit at lower levels.

At the interbank foreign exchange, the rupee opened at 89.53 against the U.S. dollar, then touched an intra-day high of 89.45, registering a 22-paise gain from its previous close.

At the end of the trading session on Monday, the rupee was quoted at 89.70 (provisional), down 3 paise from its previous close.

On Friday, the rupee appreciated by 53 paise to 89.67 against the U.S. dollar.

“We expect the rupee to trade with a positive bias on a weak US dollar and strength in the domestic markets. We may not see a lot of fresh FII outflows ahead of new year holidays. However, delay in trade deal between India and U.S. may continue to weigh on the rupee at higher levels,” said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

Choudhary further noted that investors may watch out for U.S. GDP data. USD-INR spot price is expected to trade in a range of 89.20 to 89.80.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.08% lower at 98.52.

Brent crude, the global oil benchmark, was trading 0.86% higher at USD 61 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 638.12 points to settle at 85,567.48, while the Nifty climbed 206 points to 26,172.40.

Foreign Institutional Investors purchased equities worth ₹1,830.89 crore on Friday, according to exchange data.

India’s forex reserves jumped by $1.689 billion to $688.949 billion during the week ended December 12, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves increased by $1.033 billion to $687.26 billion.

Meanwhile, India and New Zealand on Monday announced the conclusion of negotiations for a free trade agreement, under which a host of domestic goods from sectors such as textiles, footwear, engineering, and marine products will get duty-free access in New Zealand.

The rupee weakened by 7 paise to 89.43 against the U.S. dollar in early trade on Friday (November 28, 2025) amid a strong greenback and higher crude oil prices in the international market.

According to forex experts, the Indian currency was also weighed down by the withdrawal of foreign funds even as investors moved cautiously, awaiting the GDP growth numbers for the July-September period to be announced later in the day.

At the interbank foreign exchange market, the rupee opened at 89.41. It slipped further to trade at 89.43 against the greenback in initial deals, registering a loss of 7 paise from its previous closing level.

The rupee depreciated 14 paise to settle at 89.36 against the U.S. dollar on Thursday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.04% higher at 99.56.

Analysts attributed the strength in the greenback to its increased demand from importers as well as banks for month-end trade payment settlements.

Brent crude, the global oil benchmark, rose 0.41% to $63.60 per barrel in futures trade.

On the domestic equity market front, the Sensex rose 91.01 points to 85,811.39 in early trade, while Nifty went up 18.85 points to 26,234.55.

Foreign institutional investors sold equities worth ₹1,255.20 crore on a net basis on Thursday, according to exchange data.

The rupee rose 9 paise to close at 87.93 (provisional) against the U.S. dollar on Monday (October 20, 2025), supported by foreign fund inflows and lower crude oil prices.

Positive sentiments in the domestic equity markets lent further support to the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 87.94 against the U.S. dollar and traded in the range of 87.74-87.94 during the day before settling at 87.93 (provisional), higher by 9 paise against its previous close.

On Friday, the rupee closed at 88.02 against the U.S. dollar.

“The Reserve Bank of India ensured that the rupee opened below 88… There was no specific development on the India-U.S. trade front, while on the U.S.-China front, the talks by government officials gave hope that U.S.-China trade developments could be solved amicably,” Anil Kumar Bhansali, Executive Director, Finrex, said.

Stock exchanges will hold a special Muhurat trading session on Tuesday from 1.45 p.m. to 2.45 p.m. for Laxmi Pujan, according to notices by the BSE and the NSE.

The forex markets, however, will be closed on Tuesday and Wednesday.

“After two days’ holidays from Tuesday, the rupee is expected to be in the range of 87.70-88.30 on Thursday,” Bhansali added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, edged up 0.1% to 98.53.

Brent crude, the global oil benchmark, fell 0.36% to $61.07 per barrel in futures trade.

On the domestic equity market front, Sensex soared 411.18 points to settle at 84,363.37, while Nifty climbed 133.30 points to 25,843.15.

Foreign Institutional Investors (FIIs) purchased equities worth ₹308.98 crore on Friday, according to exchange data.

India’s forex reserves dropped by $2.176 billion to $697.784 billion during the week ended October 10, the RBI data released on Friday showed.

The rupee depreciated 6 paise to 88.16 against the U.S. dollar in early trade on Tuesday (September 2, 2025), weighed down by persistent foreign fund outflows and dollar demand.

Forex traders said on Monday, the rupee touched a record intraday low of 88.33 against the dollar before clawing back slightly toward the close.

The sharp fall underscores the strain as India grapples with the steepest U.S. tariffs among Asian exporters — a headwind that continues to weigh on sentiment and currency stability.

At the interbank foreign exchange market, the rupee opened at 88.14 against the U.S. dollar, then fell to 88.16, registering a decline of 6 paise over its previous close.

On Monday, the rupee closed at an all-time low of 88.10 against the U.S. dollar.

“Higher tariffs are eroding India’s export competitiveness. Foreign portfolio investors aren’t waiting to see how this plays out: $2.4 billion has exited Indian equities over the past three sessions, leaving behind volatility across both currency and equity markets.

“Outflows of this scale not only strain the rupee but also cast doubts over near-term investment appetite,” CR Forex Advisors MD – Amit Pabari said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08% to 97.84.

Brent crude, the global oil benchmark, was trading 0.44% higher to $68.45 per barrel in futures trade.

“The rupee faces resistance near 88.50, with support around 87.50. With U.S. tariff issues unresolved, risks remain skewed to the downside. Persistent foreign outflows or dollar strength could drive further weakness, while any recovery is likely to stay limited without clear trade relief,” Pabari said.

On the domestic equity market front, Sensex climbed 207.45 points to 80,571.94 in early trade, while the Nifty advanced 60.8 points to 24,685.85.

Foreign Institutional Investors offloaded equities worth ₹1,429.71 crore on Monday, according to exchange data.

Meanwhile, U.S. President Donald Trump on Monday claimed that India has now “offered” to cut its tariffs to nothing, “but it’s getting late”, as he said that India buys most of its oil and military products from Russia and very little from the US.

“What few people understand is that we do very little business with India, but they do a tremendous amount of business with us,” Mr. Trump said in a post on Truth Social.