The rupee closed at ₹95.81, a 13‑paise lift from the previous session, after the dollar index slid 0.14% to 101.23—an overnight retreat that mirrored easing Treasury yields.
Opening at ₹95.87, the rupee stumbled to an intraday low of ₹95.98 before rallying again, a swing that mirrored a 0.58% decline in Brent crude to $103.18, its lowest in over ten days.
RBI has been actively selling dollars in both spot and forward markets, a strategy that has kept the USD/INR pair comfortably below the 96.00 threshold despite global risk‑off sentiment.
Foreign portfolio outflows hit $2.2 billion this month, tightening the pressure on the rupee, while U.S. macro data—ADP employment, core PCE, and GDP—remain key watch points for traders.
Market analysts now expect the rupee to trade with a negative bias as uncertainty over U.S.–Iran talks lingers; RBI’s dollar sales are likely to keep the pair near 96.00 until clearer signs emerge.