The rupee weakened 22 paise to 95.96 per dollar as strong importer demand, rising crude prices and global bond yields pressured the currency. Traders said RBI intervened through state-owned banks, while US-Iran tensions raised inflation and rate-hike concerns.
The Indian currency closed 22 paise weaker to 95.96 a dollar Thursday on heavy dollar demand from importers and concerns over Brent crude rising to $104 a barrel again.
Traders said that the Reserve Bank of India was seen in the market selling dollars through government-owned banks to prevent further weakening of the rupee beyond the 96 level.
Opening the day 9 paise weaker at 95.83 as against the previous close of 95.74, the local currency continued to be under pressure amid a surge in global bond yields. The fresh tension between US and Iran fuelled anticipation of rising inflation and further Fed rate hike in October.
"A rebound in crude oil prices, elevated bond yields and rising expectations of higher interest rates added to the currency’s headwinds," said Nandish Shah, an analyst with HDFC Securities.
The 5-year US bond yield hit its highest level since 2007, while Japan's 10-year bond yield rose to levels last seen in August 1996. The local benchmark 10-year yield touched 7.11%, a four-month high.
"The spot can breach the 96 level and touch 96.20-25 Friday or early next week as dollar demand from importers is likely to continue ahead of the bank strike," forex market consultant KN Dey said. "The rupee may regain to 95.30/35 later," he said.
RBI deputy governor Poonam Gupta on Wednesday said that rupee's 13% depreciation between March 31, 2025 and September 16, 2026, was a temporary "overcorrection" and that there is a fair case for the currency to stabilise and eventually appreciate.
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Rupee slips toward 96 vs US dollar as crude, yields and stocks weigh on currency | 0 | 12.61 | 28-09-2026 |
| 2 | Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fall | 0 | 8.82 | 29-09-2026 |
| 3 | Rupee snaps four-day winning streak, ends at 95.74 per dollar | 0 | 14.29 | 23-09-2026 |
| 4 | Rupee loses 13 paise to close at 96.42 per US dollar | 0 | 12.26 | 06-10-2026 |
| 5 | Rupee pinned just shy of 96/USD as RBI intervention counters oil woes | 0 | 8.22 | 28-09-2026 |
| 6 | Oil woes push rupee to over one-week low, RBI caps fall near 96/USD | 0 | 8.17 | 28-09-2026 |
| 7 | Rupee sinks to 96.31, logs biggest fall in over 2 months | 0 | 12.29 | 02-10-2026 |
| 8 | Indian rupee rebounds to 95.83 vs US dollar as crude prices ease | 0 | 12.74 | 30-09-2026 |
| 9 | Rupee drops to two-month low as global bond rout deepens, oil jumps | 0 | 9.58 | 01-10-2026 |
| 10 | Rupee declines to one-week low as oil rally fans global rate hike worries | 0 | 9.77 | 24-09-2026 |