The rupee stayed weak, sliding 11 paise to 95.84 against the U.S. dollar in early trade on Thursday (September 24, 2026), as geopolitical uncertainties led to a sharp surge in crude oil prices and pushed U.S. bond yields as well as the greenback higher.

Forex traders said the inflow of foreign capital failed to support the local currency due to the selling pressure in the domestic equity market and a strengthening American currency.

At the interbank foreign exchange market, the rupee opened at 95.84 against the American currency and stayed under pressure, registering a loss of 11 paise from its previous closing level.

The rupee ended Wednesday’s (September 23, 2026) session 11 paise lower at 95.73 against the U.S. dollar, a day after appreciating 16 paise.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, traded at 100.87, up 0.06%.

Brent crude futures, the global oil benchmark, were trading lower by 0.97% but remained elevated at $102.08 per barrel compared to the roughly $72 per barrel level from late February before the Iran war.

According to analysts, oil prices that began stabilising in the last few sessions rose again past $100 a barrel due to a lack of diplomatic progress over the West Asia peace after the U.S. and Iranian officials met on the sidelines of the UN General Assembly in New York.

President Donald Trump, during an address to the annual gathering, threatened that the U.S. might “annihilate” the Islamic Republic if a deal couldn’t be made.

On the domestic equity market front, Sensex declined 506.43 points or 0.68% to 74,321.82, while the Nifty fell 181.00 points or 0.77% to 23,266.15.

Foreign Institutional Investors (FIIs) purchased equities worth ₹1,617.45 crore on a net basis on Wednesday (September 23, 2026), according to exchange data.

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 appreciated 14 paise to close at 95.27 (provisional) against the U.S. dollar on Wednesday (June 10, 2026), amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit.

Forex traders said the rupee pared its initial losses and settled on a positive note as Brent crude oil prices and the U.S. dollar index retreated from their elevated levels. Moreover, likely intervention from the Reserve Bank of India (RBI) also supported the domestic unit at lower levels.

At the interbank foreign exchange market, the rupee opened at 95.52, then touched an intraday high of 95.07 and a low of 95.56 against the U.S. dollar. The rupee finally ended the session at 95.27 (provisional), registering a rise of 14 paise from its previous close.

On Tuesday (June 9, 2026), the rupee appreciated 20 paise to close at 95.41 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.87, down 0.04%.

Brent crude, the global oil benchmark, was trading lower by 0.32% at $91.16 per barrel in futures trade. Forex traders said the rupee steadied as markets await U.S. CPI data amid escalating U.S.-Iran tensions.

According to traders, the Indian rupee remains under severe pressure due to renewed geopolitical tensions in West Asia. As India heavily relies on energy imports, any spike in global crude oil prices directly widens the trade deficit and weakens the domestic currency, they said.

The United States launched retaliatory strikes against Iran after an American Apache helicopter was downed near the Strait of Hormuz.

In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) launched retaliatory drone and long-range missile strikes targeting U.S. facilities across the region.

On the domestic equity market front, Sensex was marginally up 64.42 points and settled at 73,983.18, while the Nifty skidded 27.15 points to close at 23,214.95. Foreign institutional investors offloaded equities worth ₹4,566.03 crore on a net basis on Tuesday (June 9, 2026), according to exchange data.

Meanwhile, Indian government bond yields dropped sharply in the last four days, with the benchmark 10-year yield falling 0.10%, as foreign portfolio investor (FPI) inflows picked up after the government’s recent tax relief measures for debt investments.

Money market experts attributed the easing yields on government securities to heavy inflows of ₹11,026.331 crore in the last four days by foreign investors in these securities under the Fully Accessible Route (FAR). FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings.

The rupee appreciated 53 paise to close at 95.05 (provisional) against the U.S. dollar in early trade on Friday (May 29, 2026), as renewed optimism over the peace deal between the U.S. and Iran boosted market sentiments.

Forex traders said the USD/INR pair appreciated on an overnight decline crude oil prices and a fall in the U.S. dollar, after the U.S. and Iran reached an understanding to extend the ceasefire for another 60 days.

On Thursday (May 28, 2026), the U.S. and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran’s nuclear programme.

At the interbank foreign exchange market, the rupee opened at 95.77 against the U.S. dollar, then touched an intraday high of 94.97 and a low of 95.78 during the day.

At the end of Friday (May 29, 2026)’s trading session, the rupee was quoted at 95.05 (provisional), up 53 paise from its previous close.

On Wednesday (May 27, 2026), the rupee settled higher by 12 paise at 95.58 against the U.S. dollar. Domestic equity and forex markets were closed on Thursday (May 28, 2026) on account of Eid-ul-Azha.

“We expect the rupee to trade with a slight positive bias on renewed optimism over the peace deal between the U.S. and Iran, pending approval from Donald Trump and the Iran supreme leader,” said Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan.

“Softening crude oil prices and easing of the dollar may also support the rupee. However, any fresh escalations between the U.S. and Iran may pressurise the rupee at higher levels. USD-INR spot price is expected to trade in a range of 94.70. to 95.60,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.13, up 0.11%. Brent crude, the global oil benchmark, was trading down 1.81% at $92.01 per barrel in futures trade.

Forex traders said attention has now shifted toward the upcoming RBI Monetary Policy Committee (MPC) meeting scheduled for June 3-5.

According to experts, the RBI might opt for a rate hike or for a status quo decision. The larger question, however, is whether RBI may choose to prioritise currency stability alongside inflation management.

On the domestic equity market front, Sensex tanked 1,092.06 points to settle at 74,775.74, while the Nifty slumped 359.40 points to 23,547.75.

Foreign institutional investors offloaded equities worth ₹1,042.70 crore on a net basis on Wednesday (May 27, 2026), according to exchange data.

The rupee depreciated 16 paise to 90.11 against the U.S. dollar in early trade on Monday (December 8, 2025), weighed down by elevated crude oil prices and persistent foreign fund outflows.

Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee.

At the interbank foreign exchange, the rupee opened at 90.07 against the U.S. dollar then dropped to 90.11, down 16 paise from its previous close.

On Friday (December 5, 2025), the rupee settled at 89.95 against the U.S. dollar, after the Reserve Bank of India cut the key policy interest rate for the first time in six months.

Forex traders said investors’ focus has now shifted to the Fed’s policy outcome on December 9–10. Markets are placing nearly a 90% probability on a rate cut next week.

Meanwhile, India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement here from December 10.

“The US team is in India on 10th December and simultaneously the EU team is also in India to meet the Commerce Minister on trade negotiations and finalising an FTA. We await for positive outcomes on both counts. ” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali further noted that, FPIs continue to remain sellers despite the India equities going up. The dollar index is range bound, Asian currencies are range bound, so there are no specific cues from any front.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.11% lower at 98.88. Brent crude, the global oil benchmark, was trading higher by 0.17 cent at $63.85 per barrel in futures trade.

On the domestic equity market front, the benchmark sensitive index Sensex declined 215.73 points to 85,741.24 in early trade, while the Nifty was down 64.85 points to 26,121.60.

Foreign Institutional Investors sold equities worth ₹438.90 crore on Friday (December 5, 2025), according to exchange data.

The rupee pared initial gains and settled for the day lower by 18 paise at 87.25 (provisional) against the U.S. dollar on Thursday (August 21, 2025), on a strong American currency and a recovery in crude oil prices.

Forex traders said the rupee opened on a positive note with the rise in risk appetite in the global markets amid easing tensions over trade tariffs and hopes of a truce between Russia and Ukraine.

However, the strength of the American currency in the overseas market and rising crude oil prices dented investor sentiments and restricted the upmove in the local unit.

At the interbank foreign exchange market, the rupee opened on a positive note at 87.04, then touched an early high of 86.93 and an intraday low of 87.27 against the U.S. dollar.

The domestic unit settled for the day at 87.25 (provisional), registering a decline of 18 paise over its previous close.

On Wednesday (August 20, 2025), the rupee settled on a higher note at 87.07 against the U.S. dollar.

The Indian rupee lost early gains on positive crude oil prices and the positive U.S. dollar index. However, a rise in the domestic markets supported the rupee at lower levels, said Anuj Chaudhary, Research Analyst, Commodities and Currencies, Mirae Asset Sharekhan.

“We expect the rupee to trade with a positive bias on improved global risk sentiments and fading worries over trade tariffs. Optimism over GST reforms may also support the rupee. However, dollar demand from importers capped sharp upside. Investors may now focus on the Jackson Hole Symposium. Traders may take cues from weekly unemployment claims and PMI data from the U.S. The USD-INR spot price is expected to trade in a range of 86.90 to 87.50,” Mr. Chaudhary added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, gained 0.02% to 98.23.

Brent crude, the global oil benchmark, was trading 0.90% higher at $67.44 per barrel in futures trade, as investors remained focused on the Ukraine peace push and sanctions on Russia remaining in place for now.

Traders are focused on whether U.S. Fed Chief Jerome Powell will push back against market expectations for a rate cut at the September 16-17 meeting when he speaks at the Jackson Hole Symposium on Friday (August 15, 2025).

On the domestic equity market front, stock markets advanced for the sixth consecutive day, with Sensex settling for the day with gains of 142.87 points at 82,000.71, while Nifty was up by 33.20 points at 25,083.75.

Foreign Institutional Investors offloaded equities worth ₹1,100.09 crore on Wednesday (August 20, 2025), according to exchange data.

The rupee traded in a narrow range and edged higher by 8 paise to 87.39 against the U.S. dollar in early trade on Thursday (August 14, 2025), amid a positive trend in domestic equities.

Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the U.S.

Moreover, investors are in a wait-and-watch mode ahead of the U.S.-Russia talks on August 15. At the interbank foreign exchange market, the rupee opened at 87.48 against the U.S. dollar, then touched 87.39, registering a gain of 8 paise over its previous close.

On Wednesday (August 13, 2025), the rupee settled at 87.47 against the U.S. dollar.

Meanwhile, Brent crude prices rose 0.38% to $65.98 per barrel in futures trade.

“The Brent oil was still below USD 66 per barrel as it regained ground after falling much more in the previous session, with the upcoming US-Russia talks raising risk premiums in the market,” 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, fell 0.08% to 97.76.

“The US FED rate cut bets are taking the dollar index downwards,” Bhansali said, adding that “Rupee has a chance of gaining slowly towards 87.00 levels depending on the outcome of the summit of US-Russia on August 15.”

On the domestic equity market front, Sensex climbed 154.07 points to 80,693.98 in early trade, while the Nifty was up 45 points to 24,664.35.

Foreign Institutional Investors offloaded equities worth ₹3,644.43 crore on Wednesday (August 14, 2025), according to exchange data.