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Rupee Gains 13 Paise to 95.81 Against US Dollar Amid Retreating Crude Prices
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CNBC TV18•30-09-2026, 16:50
Rupee Gains 13 Paise to 95.81 Against US Dollar Amid Retreating Crude Prices
- •The rupee appreciated by 13 paise, closing at 95.81 against the US dollar on Wednesday.
- •The gain was primarily driven by retreating crude oil prices and an overnight decline in the US Dollar index.
- •Easing US Treasury yields also supported the rupee, though weak domestic markets limited sharper gains.
- •Forex traders anticipate the rupee to trade with a negative bias due to US-Iran deal uncertainty and global market risk aversion.
- •Foreign Institutional Investors (FIIs) offloaded equities worth ’9,980.22 crore on Tuesday, adding pressure to the USD/INR pair.
Key Questions Answered
The rupee rose 13 paise to close at 95.81 against the US dollar as crude oil prices retreated and the US Dollar index declined. Easing US Treasury yields from multi-decade highs also provided support to the domestic unit.
On the domestic equity front, the Sensex dipped 48.78 points to settle at 72,480.29, while the Nifty fell 95.75 points to 22,620.45. Additionally, Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,980.22 crore on a net basis on Tuesday.
Dollar sales executed by state-run banks on behalf of the Reserve Bank of India in both spot and forward markets are keeping the USD/INR pair under the 96.00 level.
