Rupee Strengthens as Crude Oil Prices Fall

Rupee extends gaining streak, up 16 paise at 95.66 against US dollar

Rupee rises 16 paise to 95.66 against the US dollar, bolstered by equity market gains and lower crude prices.

Rupee strengthens as crude oil prices fall

The Indian rupee strengthened against the dollar on Tuesday, closing at 95.84 per dollar. This gain followed a sharp rise on Monday, supported by falling Brent crude prices. Dollar sales by the Reserve Bank of India also bolstered the currency's positive momentum. However, a firm dollar index ahead of the US Fed meeting limited further upside. The rupee is expected to trade between 95 and 96 on Wednesday.

Rupee rises 35 paise to 95.64 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level

Rupee Climbs 35 Paise to 95.64 Against US Dollar on Lower Crude Prices

Easing geopolitical tensions, a weaker dollar index, and positive equity market sentiment strengthen the Indian currency.

Rupee opens 15 paise higher at 95.76 against US dollar

The Indian rupee strengthened to 95.76 against the US dollar, aided by RBI intervention and falling crude oil prices, reversing prior declines. The rupee's gains were significant, marking its highest level in two weeks, despite ongoing geopolitical risks impacting the oil market.