Rupee jumps 39 paise to 94.89 against U.S. dollar
The Indian rupee appreciated by 39 paise against the U.S. dollar, driven by falling global crude oil prices and positive market sentiment. Investors are currently focused on the upcoming Reserve Bank of India (RBI) monetary policy decision.
Why it matters
Currency fluctuations and RBI policy decisions are critical indicators for India's economic stability and investor confidence.
The rupee gained 39 paise to 94.89 against the U.S. dollar in early trade on Wednesday (August 5, 2026), supported by falling crude oil prices following progress in U.S.-Iran talks and a pause in planned strikes.
Forex traders said investors are closely awaiting the upcoming RBI monetary policy decision for further cues.
At the interbank foreign exchange market, the rupee opened at 94.90, then touched 94.89, registering a gain of 39 paise from its previous close.
On Tuesday (August 4, 2026), the rupee closed at 95.28 against the American currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.80, down 0.06%.
Brent crude, the global oil benchmark, was trading lower by 1.11% at $78.48 per barrel in futures trade.
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