The rupee appreciated 15 paise to close at 95.81 (provisional) against the U.S. dollar on Monday (September 21, 2026) as crude oil prices retreated from their elevated levels on improved global risk sentiment amid expectations of diplomatic talks between the U.S. and Iran.

Forex traders said the Indian rupee firmed on weak crude oil prices amid hopes of diplomatic talks between the U.S. and Iran. Moreover, positive domestic markets and softening of U.S. Treasury yields also supported the local unit.

At the interbank foreign exchange market, the rupee opened at 95.86 against the U.S. dollar, then gained some ground and touched 95.72 against the American currency in intraday trade.

At the end of the trading session on Monday, the rupee settled at 95.81 (provisional) against the American currency, higher by 15 paise from its previous close.

On Friday, the rupee closed lower by 7 paise at 95.96 against the U.S. dollar.

“We expect the rupee to trade with a slight positive bias on falling crude oil prices from higher levels, as improved global risk sentiments amid expectations of diplomatic talks between the U.S. and Iran.

“However, reports that Iran shot down a U.S. drone in the Strait of Hormuz may again deteriorate risk sentiments. Expectations of an increase in supplies from Saudi Arabia may also pressurise crude oil prices, which may be supportive for the rupee,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

USD-INR spot price is expected to trade in a range of 95.55 to 96.05, Choudhary added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.32, higher by 0.10%.

Brent crude, the global oil benchmark, was trading lower by 2.08% at $101.71 per barrel in futures trade.

On the domestic equities market front, Sensex jumped 564.03 points to settle at 74,858.99, while the Nifty rose 67.90 points to close at 23,414.30.

Foreign Institutional Investors (FIIs) bought equities worth ₹599.54 crore on a net basis on Friday, according to exchange data.

Meanwhile, India’s forex reserves dropped by $4.924 billion to $780.782 billion during the week ended September 11 due to a fall in foreign currency and gold reserves, according to the RBI data released on Friday.

The rupee fell 28 paise to close at 94.84 (provisional) against the American currency on Tuesday (September 8, 2026) as geopolitical tensions in West Asia and rising Brent crude prices nearing $99 per barrel weighed on investor sentiment.

Forex traders said the Indian rupee declined on a surge in crude oil prices amid fresh attacks on Aramco’s facilities by Yemen’s Houthis.

Moreover, rising geopolitical tensions in West Asia and a weak trend in domestic equities further pressured the rupee.

At the interbank foreign exchange market, the rupee opened at 94.49 against the U.S. dollar. The local unit touched an intraday high of 94.49 and a low of 94.89. The rupee finally settled at 94.84 (provisional), down 28 paise from its previous close.

On Monday (September 7), the rupee fell 13 paise to close at 94.56 against the American currency.

“We expect the rupee to trade with a slight negative bias on the escalation of tensions in West Asia and worries over rising crude oil prices. Risk aversion in global markets may also pressurise the rupee.

“However, a weak dollar and foreign inflows may support the rupee at lower levels. Investors may now focus on inflation data from the U.S. and India. USD-INR spot price is expected to trade in a range of 94.60 to 95.10,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.96, lower by 0.21%.

Brent crude, the global oil benchmark, was trading higher by 1.39% at $98.35 per barrel in futures trade.

According to forex traders, elevated crude oil prices, with Brent remaining near the $97 per barrel mark, along with the absence of any significant resolution to ongoing geopolitical uncertainties, kept investor sentiment cautious.

On the domestic equities market front, Sensex tanked 555.23 points to settle at 75,577.58, while the Nifty dropped 144.05 points to 23,635.10.

Foreign institutional investors (FIIs) purchased equities worth ₹280.13 crore on a net basis on Monday (September 7), according to exchange data.

The rupee depreciated 9 paise to 95.17 against the U.S. dollar in early trade on Thursday (August 6, 2026) as the support from lower crude oil prices were offset by lingering geopolitical risks.

At the interbank foreign exchange market, the rupee opened at 95.13, then touched 95.17 against the American currency, registering a fall of 9 paise from its previous close.

On Wednesday, the rupee settled at 95.08 against the American currency.

“For now the rupee finds itself caught between encouraging diplomatic headlines and lingering geopolitical risks.. Positive developments around Hormuz could help it revisit the 94.80–95.00 zone,” said CR Forex Advisors MD Amit Pabari.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 0.05% higher at 99.72.

Brent crude, the global oil benchmark, was trading 0.20% lower at $79.29 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 201.43 points to 78,782.43 in opening trade, while Nifty was marginally up by 16.35 points to 24,641.

Foreign institutional investors turned to selling and offloaded equities worth ₹943.42 crore on a net basis on Wednesday, according to exchange data.

The rupee fell 3 paise to 89.90 against the U.S. dollar in early trade on Thursday (January 8, 2026) weighed down by a rise in global crude oil prices and FII outflows.

A strengthening dollar and weaker sentiments in the domestic equity markets put additional pressure on the rupee, forex traders said.

At the interbank foreign exchange, the rupee opened at 89.96 against the U.S. dollar and later rose to 89.90, lower by 3 paise from its previous close.

The rupee rose 31 paise to close at 89.87 against the U.S. dollar on Wednesday on possible intervention by the Reserve Bank of India (RBI) and a fall in global crude oil prices.

“The RBI capped the dollar strength against rupee at 90.30 and did not allow it go beyond this by selling at 90.22 levels on Wednesday, despite the constant dollar demand from FPIs and importers who kept buying dollars on all dips up to 89.75,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“Today the upside seems to be capped while the downside could extend to 89.50 if the RBI continues to intervene in the market,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.01% higher at 98.69.

Brent crude, the global oil benchmark, was trading 0.38% higher at $60.19 per barrel in futures trade.

On the domestic equity market front, the 30-share benchmark index Sensex declined 255.86 points to 84,705.28 in early trade, while the Nifty slipped 65.9 points to 26,074.85.

Foreign institutional investors offloaded equities worth ₹1,527.71 crore on Wednesday, according to exchange data.

The rupee fell 7 paise to 88.77 against the dollar in early trade on Monday (November 3, 2025), weighed down by higher crude oil prices and continuous outflow of foreign capital amid uncertainties over global trade.

According to forex traders, negative sentiment in domestic equities also pressured the Indian currency, even though a weak American currency provided some cushion at a lower level.

At the interbank foreign exchange, the rupee opened at 88.73 and slipped further to trade at 88.77 against the greenback, down 7 paise from its previous closing level.

The rupee had ended 1 paisa lower at 88.70 against the dollar on Friday, a day after crashing 47 paise on Thursday, following the commentary of U.S. Federal Reserve chair Jerome Powell.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04% to 99.59.

Brent crude, the global oil benchmark, rose 0.31% to ₹64.97 per barrel in futures trading.

On the domestic equity market front, Sensex declined 258.83 points or 0.31% to 83,679.88 in early trade, while the Nifty fell 47.95 points or 0.19% to 25,674.15.

Foreign institutional investors sold equities worth ₹6,769.34 crore on Friday, according to exchange data.

The RBI data released on Friday showed the country’s forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24. The reserves had increased by $4.496 billion to $702.28 billion during the previous week.

On the macroeconomic front, the Union government’s fiscal deficit stood at 36.5% of the full-year target at the end of the first half of FY26, according to data released by the Controller General of Accounts (CGA) on Friday.

In the first six months of the previous financial year, the gap between the government’s expenditure and revenue was 29% of the Budget Estimates (BE) of 2024-25.