Stories
Rupee Rises 7 Paise Against US Dollar Following RBI Intervention
N
News18•16-10-2026, 16:30
Rupee Rises 7 Paise Against US Dollar Following RBI Intervention
- •The rupee gained for the sixth consecutive session, closing 7 paise higher at 94.92 against the US dollar.
- •RBI intervention through spot dollar sales and swaps helped support the domestic currency.
- •High crude oil prices and continuous foreign fund outflows capped further gains for the rupee.
- •The domestic equity market performed well, with the Sensex climbing 413.66 points and Nifty rising 148.80 points.
Key Questions Answered
The rupee gained 7 paise to settle at 94.92 against the US dollar, driven by the Reserve Bank of India's market interventions to curb spot dollar demand and limit the impact of currency weakness on domestic inflation.
The Reserve Bank of India has reportedly deployed approximately USD 75-80 billion through spot dollar sales and dollar-rupee swaps since its special measures to attract foreign currency inflows came into effect on June 8.
The rupee's upward momentum was capped by elevated crude oil prices, rising US Treasury yields, and continued foreign equity outflows, according to forex traders.
