The rupee appreciated 19 paise to close at 95.80 (provisional) against the U.S. dollar on Friday (September 25, 2026), holding above the 96-mark, on improved global risk sentiment and possible intervention by the Reserve Bank.

Forex traders said gains in the rupee were capped by U.S. dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals.

At the interbank foreign exchange market, the rupee opened at 95.92 against the American currency. During the day, the local unit slipped to an intraday low of 95.94, but recovered lost ground to close at 95.80 (provisional), a 19 paise rise from its previous close.

On Thursday (September 24), the rupee weakened by 26 paise to settle at 95.99 against the U.S. dollar.

“We expect the rupee to trade with a slight positive bias on improved global risk sentiment amid optimism over the proposed U.S.-Iran phased deal to reopen the Strait of Hormuz and the end of the U.S. blockade.

“Falling crude oil prices and a weak dollar may support the rupee at lower levels. However, any fresh escalations may pressure the rupee at higher levels. Traders may take cues from durable goods orders data from the U.S.,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

According to Mr. Choudhary, the USD/INR spot price is expected to trade in a range of 95.60 to 96.10. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.18% lower at 101.10.

Brent crude futures, the global oil benchmark, were trading lower by 1.08 per cent at $105.45 per barrel.

The RBI is expected to step in as the rupee weakens toward 96, traders said, adding that India’s economic adjustment remains controlled, backed by foreign exchange reserves close to $781 billion and strategic policies that have cushioned the domestic economy from global energy price shocks.

On the domestic equity market front, Sensex rose 315.20 points to settle at 73,895.74, and Nifty settled 77.40 points higher at 23,140.50.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,027.36 crore on a net basis on Thursday (September 24), according to exchange data.

The rupee depreciated 19 paise to close at 95.61 (provisional) against the U.S. dollar on Monday (August 17, 2026), amid weak domestic equity markets and a surge in crude oil prices.

Forex traders said the USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the U.S. and Iran, rising crude oil prices and broader dollar support.

Moreover, investors’ sentiment turned cautious after the Reserve Bank of India on August 14 said that its swap facility for FCNR (B) deposits will be available only for deposits mobilised till August 31.

At the interbank foreign exchange market, the rupee opened at 95.50 against the greenback and traded in a range of 95.49-95.62 during the session. It eventually settled at 95.61 (provisional), lower by 19 paise from its previous close.

On Friday (August 14, 2026), the rupee appreciated 3 paise to close at 95.42 against the U.S. dollar. Earlier, the cut-off date for Foreign Currency Non-Resident (Bank) or FCNR (B) deposits was September 30.

Under the FCNR (B) scheme, banks offer attractive interest rates to mobilise foreign currency deposits.

The Reserve Bank on Friday (August 14) said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $56.84 billion till August 13.

The Indian rupee declined on weak domestic markets and a surge in crude oil prices. However, a soft dollar cushioned the downside, Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan said, adding, “We expect the rupee to trade with a slight negative bias on the delay in the deal between the U.S. and Iran and rising crude oil prices.” Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.40, down 0.26%.

Brent crude, the global oil benchmark, was trading higher by 0.99% at $89.40 per barrel in futures trade.

On the domestic equity market front, Sensex dropped 281.09 points to settle at 77,728.16, while the Nifty closed lower by 78.35 points at 24,287.65.

Foreign institutional investors purchased equities worth ₹508.12 crore on a net basis on Friday (August 14), according to exchange data.

Meanwhile, India’s forex reserves jumped by $14.136 billion to $707.002 billion during the week ended August 7, the Reserve Bank said on Friday (August 14). The overall kitty had jumped by $10.512 billion to $692.866 billion in the previous reporting week ended July 31.

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 depreciated 56 paise to settle at 95.74 (provisional) against the American currency on Monday (June 8, 2026), pressured by elevated crude oil prices and the strength of the U.S. dollar in the overseas market due to higher risk aversion amid escalating geopolitical tensions.

Forex traders said the USD/INR pair erased the previous trading session’s gains on risk aversion in global markets. Further, a sharp jump in crude oil prices and a rise in the U.S. dollar index dented investor sentiment.

At the interbank foreign exchange market, the rupee opened at 95.35, then touched an intraday high of 95.15 and finally ended the session at 95.74 (provisional), registering a loss of 56 paise from its previous close.

On Friday (June 5), the rupee appreciated 56 paise to close at 95.18 against the U.S. dollar, after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.16, up 0.09%.

Brent crude, the global oil benchmark, was trading higher by 3.94% at $96.76 per barrel in futures trade after Iran launched multiple rounds of missiles toward Israel.

“We expect the rupee to trade with a negative bias on escalating geopolitical tensions between the U.S., Israel, and Iran and rising crude oil prices. A strong dollar and rise in U.S. treasury yields may also pressurise the rupee,” said Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan.

Mr. Choudhary further noted that any intervention by the Reserve Bank may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.40 to 96.10.

On the domestic equity market front, Sensex tanked 719.08 points to settle at 73,524.26, while the Nifty dived 243.70 points to 23,123.

Foreign institutional investors offloaded equities worth ₹8,776.25 crore on a net basis on Friday (June 5), according to exchange data.

India’s forex reserve jumped by $938 million to $682.321 billion during the week ended May 28, the Reserve Bank said on Friday (June 5). In the previous reporting week, the kitty dropped $7.511 billion to $681.384 billion.

Meanwhile, U.S. President Donald Trump has asked Israeli Prime Minister Benjamin Netanyahu not to retaliate to Iran’s latest barrage of missiles, saying it would jeopardise the ongoing negotiations for a peace deal to end the three-month-long conflict.

U.S. media outlet Axios reported that after Iran launched missiles at Israel on Sunday (June 7), Mr. Trump spoke to Mr. Netanyahu in a bid to prevent fresh tensions between the two nations from derailing the peace deal.

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.