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Rupee Gains 13 Paise to 95.65 Against US Dollar Amidst Easing Crude Prices
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News18•22-09-2026, 10:15
Rupee Gains 13 Paise to 95.65 Against US Dollar Amidst Easing Crude Prices
- •The rupee appreciated by 13 paise, opening at 95.75 and touching 95.65 against the US dollar in early trade.
- •The gain is attributed to a pullback in crude oil prices and positive domestic market sentiment.
- •Brent crude retreated due to easing supply concerns, with Saudi Arabia increasing exports and hopes for partial restoration of the East-West pipeline.
- •Analysts predict the rupee will remain range-bound, with support from softer crude offset by a firm dollar and foreign portfolio outflows.
- •The dollar index was marginally down by 0.07 percent, while Brent crude traded higher by 1.05 percent at USD 101.39 per barrel.
Key Questions Answered
The rupee appreciated 13 paise to 95.65 against the US dollar in early trade, supported by a pullback in crude oil prices and positive domestic market sentiment.
The central bank has been actively draining surplus liquidity through bond sales and reverse-repo auctions to keep the currency adjustment orderly.
Government data revealed that the output of India's nine key infrastructure sectors slowed down to a three-month low of 4.8 per cent in August due to a fall in the production of coal, natural gas, crude oil, and fertiliser.
