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Rupee Gains 14 Paise Against US Dollar Amidst Equity Surge, RBI Intervention Expected
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News18•25-09-2026, 10:15
Rupee Gains 14 Paise Against US Dollar Amidst Equity Surge, RBI Intervention Expected
- •The Indian rupee strengthened by 14 paise to 95.85 against the US dollar in early trade on Friday, maintaining its position above the 96 per dollar mark.
- •Despite the rupee's gain, persistent dollar demand from domestic importers, elevated crude oil prices, and a strong US dollar index following hawkish Federal Reserve signals continue to exert pressure.
- •Forex traders anticipate the Reserve Bank of India (RBI) will intervene to stabilize currency market volatility, especially if the rupee approaches 96.
- •The rupee opened at 95.92 against the American currency and touched 95.85, recovering from Thursday's close of 95.99.
- •Domestic equities saw a positive trend with Sensex rising 86 points and Nifty up 18.80 points, while Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,027.36 crore on Thursday.
Key Questions Answered
The rupee gained 14 paise to reach 95.85 against the US dollar in early trade, driven by a positive trend in domestic equities.
Forex traders noted that the Reserve Bank of India is likely to intervene to smooth out volatility and prevent the local unit from moving closer to the key 96 per dollar threshold.
Persistent dollar demand from domestic importers such as oil companies, elevated crude oil prices, and broad-based strength in the US dollar index following hawkish Federal Reserve signals weighed on the rupee.
