Rupee jumps 47 paise to 94.26 against U.S. dollar in early trade
The Indian rupee appreciated against the U.S. dollar following a significant mobilization of foreign-currency deposits. Despite global tensions and oil price fluctuations, strong institutional inflows and RBI intervention have bolstered the currency's performance.
Why it matters
Currency stability and foreign exchange liquidity are vital indicators of a nation's economic health and its ability to manage external financial shocks.
The rupee appreciated 47 paise to 94.26 against the U.S. dollar in early trade on Thursday (September 3, 2026), supported by much higher than expected FCNR (B) deposits mobilisation.
Forex traders said the rupee's movement reflects strong underlying inflows and aggressive RBI intervention offsetting the negative impact of higher crude oil prices and global yields.
At the interbank foreign exchange market, the rupee opened at 94.30 against the U.S. dollar, then gained ground to touch 94.26, registering a gain of 47 paise from its previous close.
On Wednesday (September 2), the rupee settled at 94.73 on Wednesday, recording a gain of 22 paise. India mobilised a record $127.23 billion through foreign-currency deposits under a special central-bank programme aimed at bolstering the country's foreign-exchange liquidity.
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