The rupee strengthened for the third straight session on Tuesday (October 13, 2026) and appreciated 40 paise to close at 95.38 (provisional) against the U.S. dollar, supported by various RBI measures aimed at reducing spot dollar demand and curbing excessive positioning in the foreign exchange market.

Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee.

At the interbank foreign exchange market, the rupee opened at 95.53 against the U.S. dollar; in intraday trade, the rupee touched a high of 94.96 and a low of 95.53 against the greenback.

At the end of the trading session on Tuesday (October 13), the rupee was quoted at 95.38 (provisional), registering a gain of 40 paise from its previous close.

On Monday (October 13), the rupee appreciated 93 paise, logging its steepest single-day gain in more than six months, to close at 95.78 against the U.S. dollar.

In the last three trading sessions, the rupee has gained 150 paise against the American currency.

“The advance was driven by regulatory measures implemented by the Reserve Bank of India (RBI) to limit volatility and curb speculative trading, along with the unwinding of long positions, general dollar weakness, lower crude oil prices and recovery in the domestic equity,” said Dilip Parmar – Senior Research Analyst, HDFC Securities.

Having recovered nearly 2% over three days from the recent high, the spot USD/INR has support at 95.00. While a sustained move below this threshold opens potential toward 94.50, ongoing external macroeconomic pressures are likely to temper further gains.

Meanwhile, Finance Minister Nirmala Sitharaman on Tuesday (October 13) said the rupee has depreciated “significantly” over the past year and a half, and the RBI will continue its efforts to prevent excessive volatility in the domestic currency.

The Reserve Bank over the weekend announced a slew of measures to stem rupee fall.

The Central bank announced the creation of a special window for oil marketing companies, which will take the dollar demand away from the spot market and tightened rules governing forex derivatives trades to curb speculative bets against the rupee.

It also asked banks to maintain a 20% reserve for dollar purchases of over $2 million.

The Minister said most of the rupee’s volatility is stemming from external challenges, while the government is ensuring that macroeconomic fundamentals remain sound within the country.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 102.32, lower by 0.26%.

Brent crude, the global oil benchmark, was trading lower by 1.93% at $104.59 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 1,109.10 points to settle at 73,033.78, while the Nifty surged 358.60 points to 22,721.95.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,708.48 crore on a net basis on Monday (October 12), according to exchange data.

The rupee appreciated 16 paise to close at 96.72 (provisional) against the U.S. dollar on Friday (October 9, 2026), in tandem with its broader Asian peers, supported by a slight softening in the U.S. dollar and crude oil prices.

Forex traders said the greenback weakened and crude oil prices eased following remarks by U.S. President Donald Trump that the U.S. would refrain from military action against Iran ahead of the November midterm elections.

Moreover, likely intervention from the central bank offered a crucial cushion to the domestic unit.

At the interbank foreign exchange market, the rupee opened at 96.74 against the U.S. dollar; in intraday trade, the rupee touched a high of 96.51 and a low of 96.77 against the greenback.

At the end of the trading session on Friday (October 9, 2026), the rupee closed at 96.72 (provisional), higher by 16 paise over its previous close.

On Thursday (October 8, 2026), the rupee depreciated by 13 paise to close at 96.88 against the U.S. dollar.

“The Indian rupee appreciated after three days of weakness, strengthening against the U.S. dollar in tandem with its broader Asian peers. The greenback weakened as crude oil prices eased and risk appetite surged across global markets,” said Dilip Parmar – Senior Research Analyst, HDFC Securities.

Parmar further noted that the upbeat sentiment followed remarks by President Trump confirming that the U.S. would refrain from military action against Iran ahead of the November midterm elections.

Providing further support to the rupee, the likely intervention from the central bank offered a crucial cushion, he said, adding that in the near term, the trend of the USD-INR remains constructive, with higher side resistance pegged around 97 and support at 95.30.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 102.09, lower by 0.04%.

Brent crude, the global oil benchmark, was trading lower by 1.28% at $102.95 per barrel in futures trade.

On the domestic equity market front, the Sensex jumped 879.09 points to settle at 72,472.33, while the Nifty surged 288.65 points to 22,520.45.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹12,943.58 crore on a net basis on Thursday (October 8, 2026), according to exchange data.

The rupee depreciated 5 paise to close at 96.30 (provisional) against the U.S. dollar on Monday (October 5, 2026), as elevated oil prices and persistent foreign fund outflows kept the Indian currency range-bound near the critical 96 level against the U.S. dollar.

Forex traders said a boost in risk-on sentiment supported the rupee, though traders are now turning their attention towards foreign capital flows and the Reserve Bank of India’s upcoming monetary policy decision for further cues.

At the interbank foreign exchange market, the rupee opened at 96.20, then lost ground to touch an intraday low of 96.31 against the American currency. At the end of Monday’s trading session, the domestic unit was quoted at 96.30 (provisional) against the greenback, lower by 5 paise over its previous close.

On Thursday (October 1, 2026), the rupee slumped below the psychologically important 96 per dollar mark to close at 96.25 against the U.S. dollar.

Forex and equity markets were closed on Friday (October 2, 2026) on account of Mahatma Gandhi Jayanti.

“Improving risk-on sentiment provided an additional cushion for the local currency, though all eyes will now be on the RBI’s monetary policy decision and foreign capital flows. Looking ahead, spot USDINR is expected to consolidate between 95.95 and 96.50 in the near term, with a bias toward further gains,” said Dilip Parmar, research analyst, HDFC Securities.

The Reserve Bank’s Monetary Policy Committee began its three-day meeting on Monday (October 5, 2026) and is likely to raise rates by 25 basis points, aligning with the central banks’ hawkish stance amid escalating conflict in West Asia that poses risks for domestic inflation.

The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25% to 6.50%. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. Currently, the RBI’s policy repo rate stands at 5.25%.

Meanwhile, the dollar index, which gauges the strength of the greenback against a basket of six currencies, was trading at 102.18, higher by 0.25%.

Brent crude, the global oil benchmark, was trading higher by 0.22% at $102.48 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 472.77 points to settle at 72,382.47, while the Nifty climbed 133.80 points to 22,555.75.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,484.22 crore on a net basis on Thursday, according to exchange data.

Meanwhile, India’s forex reserves dropped $18.343 billion to USD 747.557 billion during the week ended September 25, the Reserve Bank said on Friday.

In the previous reporting week, the kitty had declined $14.881 billion to $765.901 billion.

Rupee traded in a narrow range and fell 3 paise to 95.97 against the U.S. dollar in early trade on Thursday (October 1, 2026), constrained by ongoing dollar demand from state-run oil companies.

However, RBI-backed dollar sales across spot and forward markets continue to cap losses, keeping the exchange rate below the 96.00 threshold.

Additionally, sustained foreign portfolio outflows and firm U.S. yields are keeping pressure on the USD/INR pair.

At the interbank foreign exchange market, the rupee opened at 95.95, then fell to 95.97 against the U.S. dollar, registering a fall of 3 paise from its previous close.

On Wednesday (September 29, 2026), the rupee pared gains to settle flat at 95.94 against the U.S. dollar.

“Aggressive foreign exchange intervention by the Reserve Bank of India (RBI)-acting through state-run banks to supply dollars in both the spot and forward markets-served as the primary market defender, preventing spot rates from breaking past the key 96.00 boundary,” said Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.54, higher by 0.09%.

“The dollar index is at a two-month high near 101.5, up almost 2 per cent in September and within sight of its 52-week high near 101.8,” Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities said, adding that a firm dollar is a headwind for gold, silver and emerging market currencies, including the rupee.

Brent crude, the global oil benchmark, was trading lower by 1.18 per cent at $96.87 per barrel in futures trade.

On the domestic equity market front, Sensex declined 215 points to 72,257.30 in early trade, while the Nifty was down 107.25 points to 22,518.90.

Foreign Institutional Investors (FIIs) offloaded equities worth $10,148.41 crore on a net basis on Wednesday (September 29, 2026), according to exchange data.

The rupee traded in a narrow range and fell 3 paise to 95.97 against the U.S. dollar in early trade on Wednesday (September 30, 2026), pressured by persistent dollar demand from state-run oil marketing companies and firm crude oil prices.

Dollar sales by state-run banks on behalf of the Reserve Bank of India in both spot and forward markets are restricting the USD/INR pair under the 96.00 level.

Additionally, foreign portfolio outflows of around $2.2 billion this month and firm U.S. yields are keeping the pressure on the USD/INR pair.

At the interbank foreign exchange market, the rupee opened at 95.87, then fell to 95.97 against the U.S. dollar, registering a fall of 3 paise from its previous close.

On Tuesday (September 19, 2026), the rupee settled marginally higher at 95.94, just a tad over the psychologically important 96 per dollar level.

“The Reserve Bank has been an active presence — dealers report state-run bank dollar sales, and the $14.9 billion fall in reserves to $766 billion in the latest week is consistent with sizeable intervention — while portfolio outflows of around $2.2 billion this month and firm U.S. yields keep the pressure on,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.40, higher by 0.04%.

Brent crude, the global oil benchmark, was trading higher by 0.82% at $103.43 per barrel in futures trade.

On the domestic equity market front, the Sensex rose 190 points to 72,733.04 in early trade, while the Nifty was up 22 points to 22,735.20.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,980.22 crore on a net basis on Tuesday (September 29, 2026), according to exchange data.

The rupee gained 5 paise to 95.57 against the U.S. dollar in early trade on Wednesday (September 23, 2026), supported by falling crude oil prices and a broader recovery in Asian currencies.

Forex traders said going ahead, the currency market direction will majorly be driven by unfolding geopolitical developments.

Softer crude oil prices remain the major support for the rupee, while a firm American currency after the US Fed’s rate hike and foreign portfolio outflows remain the main concerns.

At the interbank foreign exchange market, the rupee opened at 95.58 and then touched 95.57 against the American currency, registering a gain of 5 paise from its previous close. On Tuesday (September 22, 2026), the rupee had settled at 95.62 against the U.S. dollar.

“We see 96.30 as the upper cap, with strong Reserve Bank intervention expected as the pair approaches 96.30–96.50, and support at 95.50 and then 95.00. Softer crude remains the rupee’s clearest support, with a firm dollar after the Fed’s hike and foreign portfolio outflows the main offsets,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.70, higher by 0.10 per cent.

Brent crude, the global oil benchmark, was trading lower by 0.99% at $98.27 per barrel in futures trade.

On the domestic equity market front, the Sensex climbed 283.66 points to 74,812.74 in early trade, while Nifty rose 85.55 points to 23,414.55.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,809.99 crore on a net basis on Tuesday (September 22, 2026), according to exchange data.

The rupee depreciated 19 paise to breach the 96 level against the U.S. dollar for the first time in over two months in early trade on Thursday (September 17, 2026) following weak investor sentiments amid global uncertainties.

The currency, however, pared losses and traded with a gain of 10 paise following suspected RBI intervention.

According to forex analysts, the rupee is expected to see high volatility pressured by elevated crude oil prices hovering at $105 per barrel and the broad strength of the American currency in the overseas market.

Moreover, a rate hike of 25 basis points by the U.S. Federal Reserve, which came for the first time in three years, added strength to the greenback and put additional pressure on the domestic currency.

At the interbank foreign exchange market, the rupee opened at 95.88 and lost further ground to trade at 96.10 against the U.S. dollar in early deals, down 19 paise from its previous close, breaching the crucial 96 level for the first time since July 24.

In initial trade, the currency also touched 95.81, registering a gain of 10 paise from its previous close.

On Wednesday (September 16, 2026), the local unit ended 3 paise lower at 95.91 against the American currency, extending its downward trend for the seventh session in a row.

In the preceding six sessions, the rupee has lost 148 paise, or more than 1.4%, since the closing level of 94.43 against the greenback recorded on September 4.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.10% higher at 100.07.

Brent crude, the global oil benchmark, was trading 0.26% lower but remained elevated at $105.55 per barrel in futures trade.

On the global front, the U.S. House of Representatives passed a bill authorising President Donald Trump to impose sanctions on Russia and steep tariffs on its trading partners in oil and gas, including India and China.

In domestic equities, Sensex rose 183.42 points, or 0.25%, to 74,519.87, while the Nifty advanced 71.45 points, or 0.31%, to 23,288.65.

Foreign institutional investors (FIIs) offloaded equities worth ₹2,032.61 crore on a net basis on Wednesday (September 16), according to exchange data.

The rupee fell 3 paise to 95.91 against the U.S. dollar in early trade on Wednesday (September 16, 2026), facing pressure from a strong American currency and outflow of foreign funds.

Positive domestic equity markets, however, supported the local currency, even as crude oil prices remained elevated amid heightened tension in West Asia, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.89 against the U.S. dollar and fell further to 95.91, trading 3 paise lower from its previous close.

The rupee settled 34 paise lower at 95.88 against the American currency on Tuesday (September 15, 2026), after weakening by 113 paise or more than 1% in the preceding five sessions since the closing level of 94.43 recorded on September 4.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.38, higher by 0.04%.

The higher dollar index was attributed to market expectations of a hike in interest rates by the U.S. Federal Reserve, which will announce its monetary policy decision on Wednesday (September 16, 2026).

Experts said that the Fed is likely to hike the funds rate for the first time in three years in an effort to rein in inflation triggered by higher oil prices.

Brent crude, the global oil benchmark, was trading lower by 0.58% but remained elevated at $108.12 per barrel in futures trade.

According to analysts, global oil markets have been roiled by fresh tensions in West Asia after attacks from Iranian-backed Houthi rebels in Yemen against Saudi Arabia’s shipping and infrastructure. Traders fear the escalating conflict could disrupt Saudi oil exports out of the Red Sea.

On the domestic equities market front, Sensex climbed 240.75 points, or 0.33%, to 74,244.57 in morning trade, while the Nifty gained 83.70 points,or 0.36% to 23,202.30.

Foreign institutional investors (FIIs) offloaded equities worth ₹2,977.86 crore on a net basis on Tuesday (September 15, 2026), according to exchange data.

The Reserve Bank ​of India likely intervened ‌in the foreign ​exchange market ⁠on Tuesday (September 15, 2026), four traders told Reuters, as rising ‌oil prices and growing wagers ‌on a ‌rate ⁠hike in the ⁠U.S. this week pressured the South Asian unit.

The ​rupee declined ‌0.2% to 95.79, hovering around its weakest levels in ‌a month.

State-run banks ​were spotted offering dollars, most ⁠likely on behalf of the RBI, the ‌traders said. The dollar sales were not “especially heavy” in nature and are likely ‌intended to limit excessive volatility, ​a trader at a Mumbai-based ⁠bank said.

Brent crude oil prices ⁠were last up 1.2% ‌at $106.9 per barrel.

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.