The interbank market opened the rupee at ₹95.58, then nudged higher to an intraday peak of ₹95.57 before slipping to a low of ₹95.76 – ending the session at ₹95.74. According to BSE data, this 12‑paise slide marks a 0.12% decline from yesterday’s close.
—The dollar index, a gauge of the greenback against six major currencies, ticked up 0.27% to 100.87, echoing hawkish remarks from US Federal Reserve officials that hint at a possible rate hike in 2026. The move has tightened the rupee’s win‑loss corridor.
Oil prices added fuel to the weakness: Brent crude rose 0.26% to $99.51 per barrel in futures trade, nudging the rupee lower as investors weigh inflationary pressure on the Indian economy.
On the domestic front, the Sensex climbed 299.17 points to 74,828.25, while the Nifty gained 117.80 points to 23,446.80. Despite equity gains, foreign institutional investors offloaded ₹3,809.99 crore in net equity sales, according to exchange data.
Anuj Choudhary, research analyst at Mirae Asset Sharekhan, projects the rupee to trade between ₹95.50 and ₹95.95 as diplomatic talks between the US and Iran potentially lift global risk sentiment. He cautions that any fresh tensions or unexpected US‑Iran flare‑ups could curtail upside.
Looking ahead, market participants will watch the flash PMI data from the US and any further Fed policy signals, while commodity traders eye the next oil price release for clues on the rupee’s trajectory.