Rupee falls 10 paise to 94.66 against U.S. dollar in early trade
The Indian rupee fell 10 paise to 94.66 against the U.S. dollar due to rising Brent crude prices and geopolitical tensions. The RBI continues to intervene to stabilize the currency within a specific range.
Why it matters
Currency fluctuations and oil prices are critical indicators of economic stability for emerging markets like India.
The rupee depreciated 10 paise to 94.66 against the U.S. dollar in early trade on Tuesday (September 8, 2026), as surging Brent crude prices near $97/bbl and West Asian geopolitical friction dampened investor confidence.
Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external pressures.
At the interbank foreign exchange market, the rupee opened at 94.49 against the U.S. dollar, then touched 94.66, registering a fall of 10 paise from its previous close.
On Monday (September 7, 2026), the rupee fell 13 paise to close at 94.56 against the American currency.
"The RBI's intervention has been particularly important in preventing higher oil prices from translating into a weaker rupee," Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in