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 13 paise to trade at 95.56 per U.S. dollar on Monday (August 31, 2026) morning pressured by rising crude oil prices and geopolitical strain.

Forex traders said market participants have raised the probability of a September Fed rate hike, pushing U.S. Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further.

At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close.

On Friday (August 28), the rupee rose marginally by 2 paise to settle at 95.43 against the U.S. dollar.

The rupee opened lower as the dollar index was at 99.62 level, while most other assets fell from their levels on Friday (August 28), said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

The rupee is expected to be in the range of 95.25 to 95.75 with exporters to sell near 95.60 levels and importers to buy all dips that they get with no directional movement being seen in the currencies, Mr. Bhansali added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.62, lower marginally by 0.07%.

Brent crude, the global oil benchmark, was trading higher by 1.34% at $89.28 per barrel in futures trade, driven by a renewed West Asia supply-risk premium after the U.S. strike on Iran’s Larak Island and subsequent Iranian retaliation, raising fresh concerns about oil flows through the Strait of Hormuz.

Forex traders said RBI is intervening in the market to stem any significant depreciation in the rupee. Moreover, better-than-expected flows under the FCNR(B) scheme also boosted investor sentiments.

On the domestic equities market front, Sensex declined 226.60 points to 77,028.56, while the Nifty fell 120.40 points to 24,053.55.

Foreign institutional investors offloaded equities worth ₹5,039.80 crore on a net basis on Friday (August 28), according to exchange data.

India’s forex reserves jumped $12.422 billion to a new all-time high of $729.328 billion during the week ended August 21, the RBI said on Friday (August 28).

Meanwhile, the Commerce Ministry will meet with industry associations and representatives of export promotion councils on September 1 on India-U.S. trade performance.

The meeting will be chaired by Additional Secretary in the Ministry Darpan Jain. He is also the country’s chief negotiator for the India-U.S. bilateral trade agreement.

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 12 paise to 95.45 against the U.S. dollar on Thursday (August 13, 2026), weighed by weak domestic markets and persistent foreign fund outflows amid lingering geopolitical risks.

Forex traders said investor sentiment remains fragile on the delay in the deal between the U.S. and Iran and the broad strength of the American currency in the overseas markets.

At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of 95.35-95.48 during the session. It eventually settled at 95.45 (provisional), lower by 12 paise from its previous close.

On Wednesday (August 12), the rupee settled just 3 paise higher at 95.33 against the U.S. dollar. “We expect the rupee to trade with a slight negative bias on the delay in the deal between the U.S. and Iran and a strong dollar. However, renewed hopes of talks and softening of crude oil prices may support the rupee at lower levels.

“Any intervention by the RBI may also support the rupee at lower levels. Traders may take cues from U.S. PPI inflation and weekly unemployment claims data. USD-INR spot price is expected to trade in a range of 95.20 to 95.70,” said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

On the domestic macroeconomic front, retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as the price rise remained above the Reserve Bank’s median target for the second consecutive month. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.89, down 0.11%.

Brent crude, the global oil benchmark, was trading lower by 1.51% at $87.64 per barrel in futures trade.

On the domestic equity market front, Sensex rose 113.61 points to settle at 78,079.96, while Nifty dipped 40.10 points to 24,395.85.

Foreign institutional investors offloaded equities worth ₹1,002.50 crore on a net basis on Wednesday (August 12), 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 declined 11 paise to close at 94.74 (provisional) against the U.S. dollar on Tuesday (June 23, 2026), weighed down by a firm greenback and weak domestic markets.

However, a decline in global crude oil prices cushioned against a sharper decline in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 94.73 against the U.S. dollar and traded in a range of 94.63-94.92 before settling at 94.74 (provisional), down 11 paise from its previous close.

The rupee depreciated 30 paise to close at 94.63 against the U.S. dollar on Monday (June 23).

“The rupee declined on a firm U.S. dollar and weak domestic markets. Importers’ demand for hedging also weighed on the domestic currency. However, falling crude oil prices and a softening in U.S. Treasury yields cushioned the downside. The U.S. waiver on sanctions on Iranian oil has led to a sharp fall in oil prices,” Anuj Choudhary, Research analyst at Mirae Asset ShareKhan, said.

“We expect the rupee to trade with a negative bias on strengthening of the U.S. dollar amid hawkish Fed and weak global markets,” he said.

V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said, “Rupee is likely to trade in a range of 94.60 to 94.95 in the near term. The future trend will be significantly influenced by data on FCNR B deposits mobilised by commercial banks. If this scheme succeeds in mobilising a big amount, as many people believe, the rupee can appreciate over a period, assisted by the low crude prices.” As things stand, there is no risk of significant depreciation of the rupee, Vijayakumar added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.09, up 0.07%, amid hawkish Fed and the fragile U.S.-Iran trade deal.

Brent crude, the global oil benchmark, was trading lower by 0.54% at $77.48 per barrel in futures trade. On the domestic equity market front, Sensex tanked 893.39 points, or 1.16%, to 76,200.68, while the Nifty fell 278.80 points, or 1.16%, to 23,824.10.

Foreign institutional investors offloaded equities worth Rs 635.91 crore on a net basis on Monday (June 22), 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.

The rupee slid ​to a record low on ‌Tuesday (May 5, 2026) after U.S.-Iranian strikes ​in the Gulf rattled ⁠markets, dimming hopes for a resolution and deepening concerns over ‌risks confronting the oil-importing economy.

The currency ‌weakened to 95.39 ‌per ⁠dollar, down 0.3% on ⁠the day, eclipsing its previous all-time low of 95.33 hit on ​Thursday (April 30, 2026) last ‌week.

Oil-sensitive Asian peers such as the Indonesian rupiah and Philippine peso also ‌weakened on Tuesday (May 5, 2026) as ​the Gulf hostilities tested a fragile truce ⁠and kept investors on edge.

Analysts reckon that an ‌elongated conflict in the West Asia, which keeps energy prices elevated, would widen India’s current account deficit, slow growth ‌and stoke inflation.

The economic worries ​have reflected in foreign portfolio outflows from ⁠Indian assets. Overseas investors have ⁠net sold over $20 billion worth of Indian ‌stocks between March and May so far.

The rupee rose 3 paise to 89.95 against U.S. dollar in early trade on Tuesday (December 20, 2025), buoyed by a weaker greenback and strong IIP numbers.

However, FII outflows, marginally higher crude oil prices, and a weaker opening in the domestic equity markets capped sharp gains in the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 89.98 against the US dollar before rising to 89.95, up 3 paise from its previous close.

The rupee depreciated 8 paise to close at 89.98 against the U.S. dollar on Monday.

“The RBI (on Monday) protected the top end of the curve while FPIs who sold equities also were dollar buyers, keeping bids on for the full day and taking it almost to 90 levels,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

Mr. Bhansali further cited strong Index of Industrial Production (IIP) data, which was released on Monday.

“The IIP came at a 25-month high of 6.7% for November against expectation of 2.5% and last month growth of 0.5%. The growth during the year has been 3.30% against 2.70% in the last month,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally down by 0.03% at 98.01.

Brent crude, the global oil benchmark, was trading 0.03% higher at $61.96 per barrel in futures trade, amid thin year-end trading and ongoing concerns about global demand.

On the domestic equity market front, the 30-share sensitive index Sensex declined 209.32 points to 84,486.22 in early trade while the Nifty was down 63.25 points to 25,878.85.

Foreign institutional investors offloaded equities worth ₹2,759.89 crore on Monday, according to exchange data.

The rupee pared initial gains and settled for the day lower by 16 paise at 89.79 (provisional) against the U.S. dollar on Wednesday (December 24, 2025), fuelled by persistent capital withdrawals from foreign investors, alongside heightened greenback demand from bullion importers.

Forex traders said that despite the central bank’s announcement of USD/INR swaps and Open Market Operations (OMO), the measures failed to boost market sentiments, amid strong dollar demand and rising crude oil prices.

At the interbank foreign exchange, the rupee opened at 89.56 against the U.S. dollar, then touched an intra-day high of 89.51, registering a 12-paise gain from its previous close.

At the end of the trading session on Wednesday (December 24), the rupee pared its initial gains and was quoted at 89.79 (provisional), down 16 paise from its previous close.

On Tuesday (December 23), the rupee settled at 89.63 against the U.S. dollar.

The decline in the USD/INR pair was driven by a shift toward risk aversion, fuelled by persistent capital withdrawals from foreign investors leading up to the holiday break, alongside heightened greenback demand from bullion importers, said Dilip Parmar, Senior Research Analyst, HDFC Securities.

“Despite the central bank’s announcement of USD/INR swaps and Open Market Operations (OMO), the measures failed to ignite market enthusiasm as they did little to bridge the widening gap between dollar supply and demand ahead of year-end,” Mr. Parmar noted.

The outlook for spot USD/INR maintains an upward trajectory provided it holds above the 89.00 mark; however, the 90.30-level continues to act as a formidable resistance for further gains, he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% lower at 97.81.

Brent crude, the global oil benchmark, was trading 0.22% higher at $62.52 per barrel in futures trade.

On the domestic equity market front, the Sensex declined 116.14 points to settle at 85,408.70, while the Nifty dropped 35.05 points to 26,142.10.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,794.80 crore on Tuesday (December 23), according to exchange data.

The Reserve Bank of India (RBI) on Tuesday (December 23) said it will purchase government securities worth ₹2 lakh crore and conduct a $10 billion buy/sell dollar-rupee swap auction to inject liquidity in the banking system.

The latest announcement comes days after the RBI conducted ₹1 lakh crore OMO purchase auctions of Government of India securities and USD/INR Buy/Sell Swap auction of $5 billion for a tenor of three years.