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Rupee Slips 4 Paise To 96.39 Against US Dollar In Early Trade
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News18•06-10-2026, 10:15
Rupee Slips 4 Paise To 96.39 Against US Dollar In Early Trade
- •The rupee declined 4 paise to 96.39 against the US dollar in early trade driven by rising crude oil prices and sustained FII outflows.
- •Positive sentiments in domestic equity markets and a weaker dollar index helped cushion the local unit from a sharper fall.
- •The Reserve Bank of India Monetary Policy Committee began its three-day meeting with expectations of a 25 basis point rate hike.
- •Brent crude traded higher at USD 100.6 per barrel while Foreign Institutional Investors offloaded equities worth Rs 4,699.14 crore.
Key Questions Answered
The rupee declined 4 paise to 96.39 against the US dollar due to rising crude oil prices and sustained FII outflows.
The RBI's policy repo rate currently stands at 5.25 per cent after the central bank began its rate-cut cycle in 2025.
Sensex advanced 120.22 points to reach 72,535.41 in early trade, while Nifty also rose 47.15 points to 22,603.10.
