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Rupee Edges Higher Against US Dollar As Oil Prices And RBI Intervention Remain In Focus
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CNBC TV18•09-10-2026, 09:39
Rupee Edges Higher Against US Dollar As Oil Prices And RBI Intervention Remain In Focus
- •The Indian rupee opened 6 paise higher at 96.72 against the US dollar on Friday compared to its previous close of 96.78.
- •A pullback in the dollar and US Treasury yields provided temporary relief to the domestic currency.
- •Elevated crude oil prices, continuous foreign portfolio outflows, and higher US yields continue to exert pressure on the rupee.
- •The Reserve Bank of India intervened in the foreign exchange market to prevent the rupee from breaching its record low.
- •Brent crude recently touched an intraday high near $106 per barrel before easing following remarks from US President Donald Trump regarding Iran.
Key Questions Answered
The Indian rupee opened 6 paise higher at 96.72 against the US dollar on Friday, October 9, 2026, aided by a pullback in both the dollar and US Treasury yields.
Brent crude eased after US President Donald Trump stated that Washington would not attack Iran before next month's US elections, citing productive talks to resolve the conflict.
Elevated crude oil prices, foreign portfolio outflows, and higher US Treasury yields continued to weigh on the rupee.
