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Rupee Slips 5 Paise to Close at 96.30 Against US Dollar
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CNBC TV18•05-10-2026, 16:50
Rupee Slips 5 Paise to Close at 96.30 Against US Dollar
- •The rupee depreciated by 5 paise to provisionally close at 96.30 against the US dollar on Monday.
- •Persistent foreign fund outflows and elevated oil prices kept the Indian currency range-bound.
- •Market participants are closely watching the Reserve Bank of India upcoming monetary policy decision and capital flows for further direction.
- •Domestic equity benchmarks finished higher, with Sensex jumping 472.77 points and Nifty climbing 133.80 points.
- •India foreign exchange reserves dropped by $18.343 billion to $747.557 billion during the week ended September 25.
Key Questions Answered
The rupee depreciated 5 paise to close at 96.30 against the US dollar due to elevated oil prices and persistent foreign fund outflows.
The Reserve Bank of India's policy repo rate currently stands at 5.25%, following a rate-cut cycle that began in 2025 after rates remained unchanged through 2023-24.
India's foreign exchange reserves dropped by $18.343 billion to $747.557 billion during the week ended September 25, according to the Reserve Bank.
