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Rupee Gains Marginally Against Dollar Amidst Mixed Asian Currencies
M
Moneycontrol•23-09-2026, 09:01
Rupee Gains Marginally Against Dollar Amidst Mixed Asian Currencies
- •The Indian rupee opened with marginal gains against the US dollar, trading 3 paise higher at 95.56 per dollar on September 23.
- •Finrex predicts the rupee to open at 95.57, influenced by oil prices remaining below $100 and the dollar index above 100 at 100.65.
- •The rupee is expected to remain in a range, with exporters advised to sell near 95.85-95 and importers to buy near the day's low around 95.50.
- •Asian currencies showed mixed performance; the Philippine peso, Malaysian ringgit, Taiwan dollar, Thai baht, and South Korean won strengthened.
- •Conversely, the Indonesian rupiah, Japanese yen, Chinese renminbi, and Singapore dollar weakened against the US dollar.
Key Questions Answered
The Indian rupee opened 3 paise higher at 95.56 per dollar on September 23, compared to its previous close of 95.59.
Asian currencies traded mixed against the US dollar, with the Philippine peso and Malaysian ringgit leading gains at 0.21% each, while the Indonesian rupiah declined 0.21% and the Japanese yen weakened 0.11%.
Finrex advised exporters to keep selling near 95.85 to 95 levels and importers to keep buying near the day's low around 95.50 while waiting for hedging options as the RBI protects the 96 mark.
