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Rupee Gains 15 Paise to 95.81 Against US Dollar Amid Falling Oil Prices, US-Iran Hopes
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News18•21-09-2026, 16:00
Rupee Gains 15 Paise to 95.81 Against US Dollar Amid Falling Oil Prices, US-Iran Hopes
- •The Indian rupee appreciated by 15 paise, closing at 95.81 against the US dollar on Monday.
- •The gain was primarily driven by retreating crude oil prices and improved global risk sentiment, fueled by expectations of diplomatic talks between the US and Iran.
- •Positive domestic markets and softening US Treasury yields also contributed to the rupee's strength.
- •The rupee opened at 95.86 and touched an intraday high of 95.72 before settling at 95.81.
- •Analysts anticipate the rupee to trade with a slight positive bias, though potential geopolitical tensions could impact sentiment.
Key Questions Answered
The rupee appreciated 15 paise to close at 95.81 against the US dollar due to retreating crude oil prices, positive domestic markets, and softening US Treasury yields driven by expectations of diplomatic talks between the US and Iran.
The Sensex jumped 564.03 points to settle at 74,858.99, and the Nifty rose 67.90 points to close at 23,414.30. Meanwhile, India's forex reserves dropped by USD 4.924 billion to USD 780.782 billion during the week ended September 11 according to RBI data.
According to Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, the USD-INR spot price is expected to trade within a range of 95.55 to 96.05.
