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Rupee Gains 24 Paise Against US Dollar, Closes at 95.75 Amid Improved Global Sentiment
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News18•25-09-2026, 21:15
Rupee Gains 24 Paise Against US Dollar, Closes at 95.75 Amid Improved Global Sentiment
- •The Indian rupee appreciated by 24 paise, closing at 95.75 against the US dollar on Friday, driven by improved global risk sentiment.
- •Gains were partially capped by strong US dollar demand from local importers, high crude prices, and hawkish Federal Reserve signals.
- •The rupee opened at 95.92, touched an intra-day low of 95.94, but recovered to settle at 95.75.
- •Analysts expect the rupee to trade with a slight positive bias, supported by falling crude oil prices and a weaker dollar, with a projected range of 95.60 to 96.10.
- •The Reserve Bank of India is anticipated to intervene if the rupee weakens towards 96, backed by substantial foreign exchange reserves of USD 765.901 billion.
Key Questions Answered
The rupee appreciated by 24 paise to close at 95.75 against the US dollar on Friday, staying above the 96-mark.
Gains in the rupee were restricted due to US dollar demand from local importers, high crude prices, and a stronger greenback fueled by hawkish signals from the Federal Reserve.
India's foreign exchange reserves decreased by USD 14.881 billion down to USD 765.901 billion for the week ended September 18, driven by a decline in foreign currency assets.
