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Rupee rises 31 paise to 94.86 against US dollar in early trade
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News18•15-10-2026, 10:15
Rupee rises 31 paise to 94.86 against US dollar in early trade
- •The rupee appreciated 31 paise to 94.86 against the US dollar in early trade supported by RBI structural forex interventions.
- •Market participants attributed the gain to central bank intervention and the unwinding of long dollar positions.
- •India WPI inflation accelerated to 11.39 per cent and food inflation reached 8.66 per cent, complicating the RBI monetary stance.
- •Sensex climbed 354 points to 73,157.43 in early trade while the Nifty traded up 96.15 points to 22,726.05.
Key Questions Answered
The rupee appreciated 31 paise to 94.86 against the US dollar on Thursday, driven by the Reserve Bank of India's structural forex interventions, liquidity-tightening measures, and the unwinding of long dollar positions.
India's WPI inflation accelerated to 11.39% while CPI inflation stood at 5.54%, creating dual inflation pressure that makes it very difficult for the RBI to turn dovish and increasing market expectations for rate hikes over the next 12 months.
In early trade, the Sensex climbed 354 points to 73,157.43 and the Nifty traded up 96.15 points to 22,726.05. Meanwhile, Foreign Institutional Investors offloaded equities worth Rs 1,857.44 crore on a net basis on Wednesday.
