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Rupee Settles Unchanged At 96.35 Against US Dollar
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News18•06-10-2026, 21:00
Rupee Settles Unchanged At 96.35 Against US Dollar
- •The rupee pared intraday losses and settled unchanged at 96.35 against the US dollar on Tuesday.
- •Retreating crude prices and a weak greenback helped the currency resist pressure from foreign capital outflows.
- •Positive momentum in domestic equity markets ahead of the RBI monetary policy announcement also supported the Indian currency.
- •Sensex jumped 685.34 points to settle at 73,067.81, while the Nifty rose 220.35 points to 22,776.10.
Key Questions Answered
The rupee settled unchanged at 96.35 against the US dollar as retreating crude oil prices and a weak greenback helped counter pressure from foreign capital outflows and geopolitical uncertainties.
The Reserve Bank's Monetary Policy Committee is likely to announce a 25 basis point rate hike during its three-day meeting amid escalating conflicts in West Asia posing inflation risks.
Domestic equity markets showed positive momentum, with the Sensex jumping 685.34 points to settle at 73,067.81 and the Nifty rising 220.35 points to 22,776.10.
