Stories
Rupee Jumps 82 Paise to 94.96 Against US Dollar in Early Trade
N
News18•13-10-2026, 10:00
Rupee Jumps 82 Paise to 94.96 Against US Dollar in Early Trade
- •The rupee appreciated 82 paise to reach 94.96 against the US dollar in early trade on Tuesday.
- •The surge was driven by RBI measures designed to reduce immediate dollar demand and curb speculative forex positions.
- •The Reserve Bank of India tightened forex derivatives rules and introduced a dedicated dollar window for oil marketing companies.
- •Domestic equities also showed strength, with the Sensex climbing 305 points and the Nifty moving up by 93.40 points.
- •Retail inflation rose sharply to 5.54 per cent in September, remaining within the RBI tolerance band.
Key Questions Answered
The rupee appreciated 82 paise to 94.96 against the US dollar, supported by various Reserve Bank of India (RBI) measures designed to reduce immediate dollar demand and curb excessive positions in the foreign exchange market.
The RBI tightened forex derivatives rules by instructing authorised dealers not to permit users to rebook any cancelled foreign exchange derivative contracts involving the INR, and required banks to create a 20 percent reserve for dollar purchases exceeding USD 2 million.
Retail inflation in the country rose sharply to 5.54 per cent in September due to high onion and other food prices, remaining just within the RBI's tolerance band after being at 4.83 per cent in August.
