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Rupee rises 10 paise to 96.65 against US dollar in early trade
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News18•08-10-2026, 09:45
Rupee rises 10 paise to 96.65 against US dollar in early trade
- •The rupee edged up 10 paise to 96.65 against the US dollar in early trade, supported by likely intervention from the Reserve Bank of India.
- •Persistent macroeconomic headwinds, including global dollar strength and elevated Brent crude prices near USD 102 per barrel, kept the currency under pressure.
- •Relentless foreign fund outflows and a notable fall in forex reserves further dampened investor sentiment.
- •Domestic equity benchmarks also declined in early trade, with the Sensex dropping 264.97 points and the Nifty falling 87.50 points.
Key Questions Answered
The rupee edged up 10 paise to 96.65 against the US dollar in early trade, primarily driven by likely intervention from the Reserve Bank of India.
In early trade, the Sensex declined by 264.97 points to reach 72,408.15, while the Nifty fell by 87.50 points to hit 22,507.65.
Forex traders noted that the rupee faced intense pressure due to persistent macroeconomic headwinds, including global dollar strength near multi-month highs, elevated Brent crude prices near USD 102 per barrel, relentless foreign fund outflows, and a drop in forex reserves.
