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Rupee Rises 20 Paise Against US Dollar In Early Trade
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News18•16-10-2026, 10:15
Rupee Rises 20 Paise Against US Dollar In Early Trade
- •The rupee appreciated by 20 paise to reach 94.79 against the US dollar in early trade on Friday.
- •The gain was driven by a softening American currency, lower US treasury yields, and RBI forex interventions.
- •Elevated crude oil prices and a decline in domestic equity markets restricted sharper gains for the domestic currency.
- •Foreign Institutional Investors offloaded equities worth Rs 5,285.37 crore on a net basis on Thursday.
Key Questions Answered
The rupee appreciated 20 paise to 94.79 against the US dollar due to the softening of the American currency, lower US treasury yields, and the positive impact of the RBI's structural forex interventions.
On the domestic equity front, the Sensex declined 113 points to 74,187 and the Nifty dipped 27.20 points to 22,967.15 in early trade. Additionally, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,285.37 crore on a net basis on Thursday.
The rupee's sharp gains were restricted by elevated crude oil prices and a decline in equity markets. Brent crude traded at USD 105.35 per barrel in futures trade.
