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Rupee Gains 13 Paise Against US Dollar Amidst Retreating Crude Oil Prices
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News18•30-09-2026, 16:00
Rupee Gains 13 Paise Against US Dollar Amidst Retreating Crude Oil Prices
- •The rupee appreciated by 13 paise, closing at 95.81 against the US dollar on Wednesday.
- •The gain was primarily driven by retreating crude oil prices and an overnight decline in the US Dollar index.
- •Easing US Treasury yields also supported the rupee, though weak domestic markets limited sharper gains.
- •Analysts expect the rupee to trade with a negative bias due to uncertainty over the US-Iran deal and global market risk aversion.
- •Foreign portfolio outflows of approximately USD 2.2 billion this month and firm US yields continue to pressure the USD/INR pair.
Key Questions Answered
The rupee appreciated 13 paise to close at 95.81 against the US dollar due to retreating crude oil prices, an overnight decline in the US Dollar index, and easing US Treasury yields.
State-run banks are conducting dollar sales on behalf of the Reserve Bank of India in both spot and forward markets to keep the USD/INR pair under the 96.00 level.
The Sensex dipped 48.78 points to close at 72,480.29, while the Nifty fell 95.75 points to 22,620.45. Furthermore, Foreign Institutional Investors offloaded equities worth Rs 9,980.22 crore on a net basis on Tuesday.
