The rupee appreciated 13 paise to 95.65 against the U.S. dollar in early trade on Tuesday (September 22, 2026) supported by a pullback in crude oil prices and positive domestic market sentiment.

Forex traders said the rupee opened positive this morning with Brent crude retreating from elevated levels on easing immediate supply concerns, as Saudi Arabia increased exports through the Strait of Hormuz and markets were hopeful of partial restoration of the damaged East-West pipeline.

At the interbank foreign exchange market, the rupee opened at 95.75, then touched 95.65 against the American currency, registering a gain of 13 paise from its previous close.

On Monday (September 21, 2026), the rupee appreciated 18 paise to close at 95.78 against the U.S. dollar.

“The rupee remains range-bound. Softer crude is its main support, offset by a firm dollar after the Fed’s hike and continued foreign portfolio outflows,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Banerjee further said: “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.” “The central bank has also been actively draining the surplus liquidity created by the special deposit inflows through bond sales and reverse-repo auctions, which is keeping the adjustment orderly,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 100.35, down marginally by 0.07%.

Brent crude, the global oil benchmark, was trading higher by 1.05% at $101.39 per barrel in futures trade.

On the domestic equity market front, Sensex rose 42.51 points to 74,901.50 in opening trade, while the Nifty was up 39.75 points to 23,454.05.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹576.20 crore on a net basis on Monday (September 21, 2026), according to exchange data.

Government data released on Monday (September 21, 2026) showed the output of the country’s nine key infrastructure sectors slowed down to a three-month low of 4.8% in August due to a fall in the production of coal, natural gas, crude oil, and fertiliser. The output expanded by 6.2% in the same month last year and by 5% in July this year.

The rupee depreciated 38 paise to close at 95.46 (provisional) against the U.S. dollar on Thursday (September 10, 2026), as Brent crude breached the $102 threshold, mounting concerns over the country’s import cost trajectory.

Forex traders said the currency is currently facing opposing forces, with downside pressure driven by a resumption of foreign portfolio outflows, following positive flows in July and August and crude oil trading above $102 per barrel.

At the interbank foreign exchange market, the rupee opened at 95.15 against the U.S. dollar, then lost ground to close at 95.46 (provisional) against the American currency, registering a loss of 38 paise from its previous close.

On Wednesday (September 9, 2026), the rupee slumped 34 paise to close at 95.08 against the American currency.

“The rupee has depreciated back towards 95.45, and it is important to understand that this is an oil-driven move rather than a dollar move, since the dollar itself is at multi-month lows,” said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Banerjee said the currency is currently balancing a clear set of pressures. On the negative side, foreign portfolio outflows, which have resumed this month after being positive through July and August, crude above $100, and elevated U.S. yields.

On the positive side, the rupee was supported by the Reserve Bank’s active and effective presence in the market, strong domestic growth, and record foreign exchange reserves of over $740 billion.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.81, lower by 0.01%.

Brent crude, the global oil benchmark, was trading higher by 1.28% at $102.51 per barrel in futures trade.

On the domestic equities market front, Sensex climbed 138.36 points to settle at 74,902.59, while the Nifty gained 46.30 points to close at 23,477.80.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 582 crore on a net basis on Wednesday (September 9, 2026), according to exchange data.

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 gained 5 paise to 94.46 against the U.S. dollar in early trade on Friday (September 4, 2026), supported by optimism over rising foreign inflows and a rise in risk appetite.

Forex traders said the rupee is poised to gain strength, supported by strong underlying inflows and aggressive RBI intervention. However, higher crude oil prices and potential U.S.-Iran tensions could limit further gains.

At the interbank foreign exchange market, the rupee opened at 94.53 against the U.S. dollar, then gained ground to touch 94.46, registering a gain of 5 paise from its previous close.

On Thursday (September 3, 2026), the rupee extended its gaining momentum for the fifth straight session appreciating 22 paise to close at 94.51 against the U.S. dollar.

India mobilised a record $127.23 billion through foreign-currency deposits under a special central-bank programme aimed at bolstering the country’s foreign-exchange liquidity.

Including overseas foreign-currency borrowings (OFCB) and external commercial borrowings (ECB), total inflows under the measures reached $136.377 billion, according to RBI data.

“Overall, the FCNR story has given the rupee a strong shot in the arm, but the underlying fundamentals still carry their share of risk. 94.00–94.20 remains a strong support zone. Any negative surprise, especially from the oil front, could pull USDINR back up towards 95.00, 95.50 and eventually 96.00,” C.R. Forex Advisors MD – Amit Pabari said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.05, higher by 0.15 per cent on safe-haven demand amid renewed U.S.-Iran tensions.

Brent crude, the global oil benchmark, was trading higher by 0.40% at $95.90 per barrel in futures trade, on escalating U.S.-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.

On the domestic equities market front, Sensex jumped 468.64 points to 76,621.50 in early trade, while the Nifty was trading up 42.10 points at 23,915.55.

Foreign institutional investors offloaded equities worth ₹2,345.87 crore on a net basis on Thursday (September 3, 2026), according to exchange data.

The rupee appreciated 47 paise to 94.26 against the U.S. dollar in early trade on Thursday (September 3, 2026), supported by much higher than expected FCNR (B) deposits mobilisation.

Forex traders said the rupee’s movement reflects strong underlying inflows and aggressive RBI intervention offsetting the negative impact of higher crude oil prices and global yields.

At the interbank foreign exchange market, the rupee opened at 94.30 against the U.S. dollar, then gained ground to touch 94.26, registering a gain of 47 paise from its previous close.

On Wednesday (September 2), the rupee settled at 94.73 on Wednesday, recording a gain of 22 paise. India mobilised a record $127.23 billion through foreign-currency deposits under a special central-bank programme aimed at bolstering the country’s foreign-exchange liquidity.

“This gives RBI a long rope in terms of defending the rupee, it creates a huge sterilisation problem as banking system liquidity surplus will likely go to around ₹10 lakh crore as banks swap the deposits with RBI,” IFA Global said in a research note.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.43, marginally lower by 0.16% on safe-haven demand amid renewed U.S.-Iran tensions.

Brent crude, the global oil benchmark, was trading marginally lower by 0.16% at $95.48 per barrel in futures trade, on escalating U.S.-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.

On the domestic equities market front, Sensex climbed 221.17 points to 76,791.52 in early trade, while the Nifty was trading up 59.55 points to 23,974.

Foreign institutional investors purchased equities worth ₹6,688.37 crore on a net basis on Wednesday, according to exchange data.

Foreign Currency Non-Resident (Bank), or FCNR(B) deposits accounted for $127.226 billion in inflows as of August 31, the Reserve Bank of India said on Wednesday. Including overseas foreign-currency borrowings (OFCB) and external commercial borrowings (ECB), total inflows under the measures reached $136.377 billion.

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 fell 8 paise to 95.38 against the U.S. dollar in early trade on Tuesday (August 11, 2026) amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight.

A decline in domestic equity markets in early trade maintained pressure on the local unit while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and maintained that level till the time of publishing the copy.

The rupee declined 13 paise to settle at 95.30 against the U.S. dollar on Monday (August 10, 2026).

“The rupee traded in a relatively narrow range (on Monday) despite Brent rising towards USD 84. The downside was contained by RBI intervention, with state-run banks reportedly selling dollars on the central bank’s behalf,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“Today Brent has gone past $87 per barrel as Iran and the U.S. continue to harbour the Strait of Hormuz uncertainty on fading hopes of a deal happening soon,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.77, down 0.04$.

Brent crude, the global oil benchmark, which rose sharply since the $ 84/barrel-levels on Monday, was trading lower by 0.06$ at $87.67 per barrel in futures trade.

On the domestic equity market front, Sensex declined 320.14 points to 78,204.40 in early trade while the Nifty fell 94.35 points to 24,490.85.

Foreign institutional investors purchased equities worth ₹1,974.76 crore on a net basis on Monday, according to exchange data.

The rupee gained 39 paise to 94.89 against the U.S. dollar in early trade on Wednesday (August 5, 2026), supported by falling crude oil prices following progress in U.S.-Iran talks and a pause in planned strikes.

Forex traders said investors are closely awaiting the upcoming RBI monetary policy decision for further cues.

At the interbank foreign exchange market, the rupee opened at 94.90, then touched 94.89, registering a gain of 39 paise from its previous close.

On Tuesday (August 4, 2026), the rupee closed at 95.28 against the American currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.80, down 0.06%.

Brent crude, the global oil benchmark, was trading lower by 1.11% at $78.48 per barrel in futures trade.

On the domestic equity market front, the Sensex climbed 375.01 points to 78,803.96 in early trade, while the Nifty was up 62.7 points to 24,677.60.

Foreign institutional investors purchased equities worth ₹2,446.47 crore on a net basis on Tuesday (August 4, 2026), according to exchange data.

Forex traders said attention has now shifted to this week’s RBI policy meeting.

The three-day meeting of the Reserve Bank of India’s rate-setting panel started on Monday (August 3, 2026) amid expectations of a status quo on the benchmark repo rate, with the Monetary Policy Committee slated to announce its decision on August 5.

In June, the Reserve Bank had kept its key policy rate unchanged at 5.25% and adopted a cautious wait-and-watch stance as policymakers assessed the fallout of the West Asia conflict.

The RBI policy decision is widely expected to keep the repo rate unchanged at 5.25%. The real focus, however, will be on the RBI’s tone. Even if rates remain unchanged, any indication that the RBI is becoming more cautious about inflation could have a bigger impact on the rupee than the policy decision itself,” CR Forex Advisors MD Amit Pabari said.

Mr. Pabari further noted that optimism around the Hormuz talks could help the rupee test its support zone of 94.80-95.00. As “long as this holds, the pair may gradually drift back toward 95.80-96.20 over the coming sessions. But if the Hormuz deal actually goes through, the rupee could see a sharper move of 30 to 40 paise on the stronger side,” he said.